Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-03-14
STOCK MARKET SHOWS
SOME UNSETTLEMENT
Somewhat Weakened Technical Posi-.
tition Causes Nervousness Interest
Devoted to Industrial List
stock sales today totsled 9S,lOO

shares.
New York. March 14.-The New York
Evening Suns financial review for today
follows:
The irregular fluctuations of stocks
IN today's trading sgnified merely that
prices cannot move in one direction in
definitely, even though there Is no news
to change their course. The unsettle..
times particularly in the early after
noon was the logical outcome Of a
somewhat weakened technical position.
There was virtually nothing new for
speculatlve consideration, and stock
influenced by special pool operations
i and conditions within the market it.
Buying for the advance was again Of
broad proportions at the outset of trad
ing. Bidding up of specialtes such as
Industrial Alcohol, General Motors, Dis
>tillers and the shipping stocks, which
rose from two to four points distracted
attention from realizing sales in other
quarters Of the list.
BY early afternoon, however. offerings
exceeded the demand and prices gave
way quite generally. But there was no
urgent pressure to sell and, as prices
sagged. activity subsidized. Interest was
devoted almost excluively to the indus
trial list, the rails being all but neglected
and their prices were inclined to sell
off during most of the session.
The residence displayed by stocks was
the session. Notwithstanding several
weeks of steadily rising prices. holders of
securities are In no haste to part with
them at advanced levels.
While the. general lst swung within
narrow limits. n number of stocks enjoyed
broad movements and held the center
of the stage. New York Ar Brakes
sharp advance was ASSOCIATED with the
announcement that the concerns plans to
manufacture motortrucks. Nothing new
came to light on the shipping stocks to
account for their strength. Wilson & Co,
and Worthington Pump were featured
by pools which believe that these stocks
have been selling out Of line with their
earning power. National Cloak and Suit
touched new high for the year and
Crucible Steel and General Motors scared
from 2 to points In the. early dealings.
Alcohol and food stocks were in favor
and lost the least ground when the
market was reactionary. Distillers shot
up over three points In the first hour.
under concentrated buying, while Indus
trial Alcohol advanced to new high
above 144, despite denials that the COM
pany has any important plans devel-
oping.
Inc tone of the market improved
perceptibly in the last hour Distillers
and Industrial Alcohol were again taken
in hand and marked up rapidly. United
States Rubber rose to a new high for
the year, and the Maxwell Motors were
actively dealt in at advancing figures
Fisher Body broke over points. The
resistance offered to selling early in the
day encouraged new buying for the ad-
vance. and prices hardened all around.
American ice. Advance Rumely. Central
Leather and other speSialties were pro-
nounced in the late trading.
The variation in price between Royal
Dutch shares was narrowed, the old
stock selling off, while the New York
shares advanced. A long list of stocks
sold ex dividend today, SO that they
appeared lower than they actually were.
the list including Mexican Petroleum.
American Telephone. American Inter-
national, American Car and Foundry.
Utah Copper, Hide and Leather Vre-
ferred and Pan-AmericaT Petroleum.
Another copper company took unfa-
vorable dividend action, the Calumet
and Hecla Mining Company passing its
quarterly payment of SIG.
Money market conditions were una,-
tered. Little demand was reported for
time funds. Loans on call on mixed
collateral ranged from 4h to per
cent.
Foreign exchange was generally weak
Cotton was irregular, with a firm under
tone.