Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-03-13
NEW YORK STOCK
PRICES ARE MIXED
GAINS NEAR CLOSE
Leaders in Upswing Oils, Alcohol.
Food and Chemical Groups
Steel Active

New York. March 13-The New York
Evening Suns review Of today's stock
marke follows
Prices in today's stock market were
h ghly irregular in relatively restricted
trading 1t was in fact an off session
which bore, nevertheless. every indca- =
tion of strong bullish sentiment by the
manner In which the list resisted pres
sure and by the circumstances that bust
ness turned duh on the per DDS of de
cline
The opening was not much changed,
but there was good display OF strength
by the end of the first hour. the leaders
in the upswing being the oil alcohol
food and chemical groups and certain
Specalties and individual shares in
wh.c pools were operating or which
We're under influences local to them.
That movement soon lost its vigor how
narrow, with here and there some pres
sure in evidence.
The decline was progressive in the
first half of the afternoon. United States
Steel dropping back below SO, after hav-
ing sold earlier about 81. Some Of the
equipments shares were buoyant, notably
Railway Steel Spring, because Of the
meeting of the equipment manufacturers
Washington for the purpose of finding
means to meet deferred payments on
railroad equipment contracts as deliv-
cred estimated at not less than $500
100000. Everything pointed to speedy
adjustment of the matter until a new
session of Congress can put through
requisite legislation or the roads them
selves can make arrangements for loans
with the banks.
The result was a comfortable feeling
that the problem would be solved salts
factorly. and this feeling had the ef-
feet of imparting good undertone TO
the industrial list.
The announcement that the Victory
2 1.Ca a. a NINA ion would Anri nd
strong intimatons that the interest
would be at least Az per cent. If not
larger, We're items of wide interest.
Indications of an early peace and the
amounts in loans formed the basic
ground work for the markets stability.
even when, as today. there was a strong
| tendency TO take profits. The steel
! issues were disposed to be heavy. and
I the coppers likewise. The tobacco stocks
We're subjected to a good deal of pressure
! Throughout. Texas Company and United
| States Industrial Alcohol made the most
PA and the other 1856. American Can
/ United States Rubber. Central Leather
and Corn Products Refining were bid W
7 in good style.
The rails were lightly dealt in and
| suffered quite severely at times, although
/ il was not clear that there was any
concerted movement to sell in that
quarter.
Can loans We're quoted at 4at to
| per cent the latter the renewal rate
| Time funds were unchanged. Foregr
exchange was quite and generally easier
Francs declined a half centime from
! 5.4SA francs to the dollar to 5.49l4
| The Bank Of England weekly statemen
disclosed proportion of reserve Il
liabilities of 1850 per cent agains
1850 per cent last week. Bullion hold
ings of that institution gained S5.9OO,OOO
! carving that item to SAP. 100000.
Cotton was unsettled with a firm
undertone March options early ad
vanced some 200 points due to shor
covering in Liverpool but later reacte,
about the same extent.
Corn and oats were weak.