Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-04-11
INTEREST CONTINUES
IN SECURITY MARKET
Stocks Exhibit Strong Under
tone and Recover Good Por-
ton Of Yesterdays Losses

New York. April 1l.-The New York
Evening Suns financial review this
afternoon is us follows:
All things rnnSidrrrd the market
gave a very satisfactory account ot 1t
self today. At times prices were quit"
weak. oSrc,inlly 'nited States Steel
which was subjected to heavy selling in
the early afternoon. forcing the stock
uuder Us. and the derlin" her" eNert"d
an unsettling iuAu"nc" in other quar-
tiers.
tn" failure oi til" reaction, Wh''h
was undcr way at tn" clos" yesterday
tn carry further this morning was a
surprise t" many traders. During the
first hnIf nf the session stocks exhibited
- ,tr,uy uudrrtuuc and many issues
rcrovrrrd II good portion OF yesterday
losses. Trading was very active III 'H'S
urrind. sales in the first IW" hours hI"h"
exceeding half II million shares. ana
outside interest in the market RENAME"
at high pitch.
substantial reaction from current
Levels would he welcomed by ""nS'rVa
t;,.o ir,ornstS for it would plac" stocks
in A solid position I" reNlln" 'he II"
vance, Minor re"eSSionS. however con
t;uued to attract new buyers. Many
WIN have missed the riS" ar" anAlouS
ia get into tn" market. with tn" result
thot uroft taking and bear attacks mad"
comparatively littl" impression on quo
tntious during the greater part of the
session.
Aside from the railroad situation.
news Developments played no part IN tn"
Gay's tIurtuatiOns. Th" course of prices
was again governed solely by inside con e
ditions. Indeed. measured by the swift
pace and extent of the recent advance,
II reaction of several points would not
be- ont Of order and could not be con
sidprrd as changing the outlook for still
higher figures. N
l'nfavorabIr notice was hs4in directed
to railroad securities by the announce
mrnt of a $50 900 900 wage increase for
employees. and th" unchecked speed with
road revenues Some selling of the IA ils
occurred. but speculative accounts in
this quarter being at a minimum. ne
! general unSettIement was experienced.
New York bankers conferred at
Washington today with railroad "xrru
tiVrs regarding some means Of tinunc.
ing the carriers and the results Of tn.
meetings were awaited with interest
Renewed talk was heard in the tinancta
district nf the necessity for Il further
increase in freight rates.
There were Il plumber Of mOvcmcut
Of more than passing interest. but tn
majority Of these strong spots wor
recorded in the morning and disappear
ed it, the afternoon. Sinclair oil wa
vigorously bought. selling above IS,
new high for the movement. The az
rumulatinn which has been reported i
progress in bethlehem steel Il. wa
} more opcu today and the stock rOs
. nearly two points at one time. Unite
States Rubber aud Baldwin enjOyc
occasional forward spurts. bur the buy
: lug Of sperinltieS did not attract
| following IS easily as il did earlier j
th" week.
Atlantic Gulf made a new high T.
: the year. at l30. and Oklahoma ma,
p Il new high ut II, \ big demand fC
marine common shares brought about
. gain Of more than points iu this issl
= in the early trading. American Lii
S seed. Ohio Cities Gas and few 9th,
r spccialties We're featured for tim
= but the marker was plainly tired al
!. lacked the suap of former sessions.
American international was abo;
the weakest spot, selling under 81. Ga
BILE reports received late in the day in
dicating that the peace treaty had bee
J. virtually completed stimulated ne
!, buying. The entire list hardened
: the last hour. Marine common extenl
ed its gains to above 81, and Cor
Products sold about 30. Short lin
put out earlier in the day were rt
tired and the markets became auimatt
a. the close.
: In the foreign exchange marks
francs and lire were easiet.
i Cotton was irregulaf With stead
) undertone.