Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-04-15
STOCK LIST WEAK
AFTERF|RM START
Higher Money, Profit Taking
and Other Factors
Bring Drop.

NEW YORK, April 15.-Wall street
gave the stock market a decidedly
firm opening, and for an hour it
looked as if the movement to higher
levels was destined to keep on for
an indefinite period.
The trade was inclined to discount
the settlement of the strike trou-
bles of the railroads, and the spccu-
lative operations of the professionals
!. ere greatly aided by the buying SUB
port of the general public once again
in the market heavily ensaged IN
various securities throughout the list
AS the session wore on some really
substantial gains We're made. tS-
terdays more or less numerous an
nouncements of stock dividends sent
the spectators into this and tnat
stock in the hope OF being fortunate
enough to meet with u stock declara-
ton In their fa"orite.
The gains averaged to ia points
in many of the industries, with
Nanadtum Steel the clear leader Of
the advance when it topped 9oA, as
compared with a close Wednesday at
So Stromberg made a sensational
Improvement when it advanced from
an opening at 101& to LOT. but else
where the average gains. other than
in rails. which were SLOW, was about
2 points.
Reversal of Form.
Then came a complete reversal OF
form that eliminated nearly all The
advances Of the morning in the gem
eral market, although the two spe--
cialties referred to maintained part
of their improvement.
There were a number OF reasons
given for the change in sentiment.
The report of a new outbreak or reNo-
luton in Germany was one FACTOR, tne
Bank Of England raised Its rates OF
discount to per cent as expected
demand sterling was off y cent, call
money opened at per cent, the
highest initial rate of the week, with
indication of moving higher, ana
Pittsburgh announced that the rail-
road strike was further interfering
with industrial operations.
During the noon hour, our time. the
market showed further recessions eS-
tending to . to points win no"
and then a little rally, but 1t went
into the fourth hour of the session
Just a little better than the low OF
the morning.
Crucible Steel reported for the year
ended December 81, 1919. net prohts
after federal taxes OF S'.24o,7 equal
to s219 on the 100000 shares OF COM
mon stock.
Roxana Petroleum. a subsidiary Of
ed that a new well in the Jennings
pool, in Oklahoma. with 2,400 barrels
as an initial production, had peen
brought in with a rise In the stock OF
the latter company. all lost in the re-
dictionary trend.
during the session, while the Dull
pools in sugars, oils and tobaccos
continue active and watching LOT OPP
portunity to extend their operations.
stutz Eliminated.
The governors of the stock ex-
change have granted MT. Ryan
PRAYER and removed StutZ shares from
the trading list. This permits reSuiar
brokers to again handle the slo.h
- has been removed from control OF
The exchange. Sales were reported
privately at 700 to 707 share.
some gains were well held. Chandler
retained "a of its advance, Strom-
berg. points; Texas OIL, X. con
solidated Textile. IN vanaolu'' w.
and some other stocks irac'ione
Money to II Per Cent.
During the interval between mlooay
and l o'clock but lo2,ooo shaioe y
s. Wonev rose to 10 per cent, and
number of stocks extended their de-
clines.
siderable profit taking on the part
of shorts, following an advance IN
the final hour OF the money rate to
IL per cent
The action was so irregular that a
specification Of many shares would be
necessary to indicate the various
fluctuations.
yanndfum Back to High.
yanadium made a good recovery.
being again at the high point of the
day Just before the close. when 1t sold
at s5A, after repeating its low Of
89A.
Steel Common also came back from
its low to the high Of the session.
American Beet Sugar made new
high at 103a and Replogle Steel was
back to 70es.
Rails Very Slow.
With the development Of weakness in
the leading industrials the action In the
rails and standard industrlals slowed
Liberty bonds were decidedly weak.
a new low being made on Victory. sAs
and Ans.