Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-05-14
WALL SIS STRENGTH
|SST|LL UN|MPA AIRED
Wide Scope Of Public Participa-
ton Evidence of Reviving
Commercial Prosperity
Stock sales today on the New York
exchange tOtaled 1901 200 shares.

New York, May 14.-The New York
Evening Suns financial review this
afternoon is as follows:
The strength and activity of today's
stock market and the aggressive char
acter OF trading seemed to justify the
stand taken by those of bullish faith
whose eQuanimity was not disturbed.
nor vision beclouded. by the momentary
setback experienced last Saturday.
! While prices had reached height III
many cases not conducive to peace of
mind. it was only necessary to go slight
" beneath the surface of things to de
tect the inherent strength which gave
no indication of having been impaired.
The number of potentially active
stocks in the list, the wide scope of
public participation in the market and
evidences on every hand of reviving
commercial and industrial prosperity
TO which. it can scarcely be doubted,
the signing of the peace treaty. must
give an unmstakable impetus, are all
factors which make the present market
uniuue and one not to be read too
closely in terms of precedent.
At the same time that the inclination
to discount the formal ending of the war
is strong upon the financial community,
Influences nearer at home tend to I'M
press upon those who run may read that
the signs of business animation multi
DIV. Orders from foreign sources for
down of wartime barriers. not less than
3 1000 900 tons being regarded as posi-
bic; the weekly weather reports con
tinue On the whole favorable Tor the
growing crops Of unprecedented proper
tions; the railroad administration s re
ouest for bids for 400 900 tons of rails {;
general movement toward equipment
huvinp. not to mention the existing ex o.
mansion in the textile field and so on. are
all cases in point. In short, the world
is leaving one epoch and about to enter
on new one of nature to make the
strongest appeal to the Imagination.
II was not surprising therefore that
today's session promised to be quite The
most active of any recently. business
was in large volume and after more or
loss irregularity in the first hour or two
the price list began TO climb steadily
: upward. Steel pushed through lO3 tC
the highest point of the year. and il
some speciaIties gains of to : points
were numerous The feathers, equip
ments. shipping shares. silver ant
chemical stocks and the rails as wei
were featured by gains Of to " points
The movement in the rails embraced
virtually all the standard issues, th'
theory seeming to be that the worst
was known in that quarter and that
whatever the new Congress did must be
for the advantage for all lines.
With some exceptions high levels o
the day were maintained in the las
hour. although the trading pac'
slackened. The stees continued to ad
vance. Bonds were active. Liberties
were firm.
The Iron Age sees a better feelini
in the steel industry following the free
ing of prices from government mud
ding" Interest centers mainly in wha
D the railroad administration will have t
pay for its rails, bids for which ar
pending An indication is seen in til
q price of $50 for Bessemer and So 70
= open hearth, quoted on domestic in
quiry.