The Washington herald., 1920-03-17
PROFIT TAKING
CHECKS RISE.
General List Eases Of, but
the Feeling Is Still
Cheerful.
CRUCIBLE'S MELON :"
Declares 50 Per Cent Stock
Dividend-Street Thinks
Others Will Follow.
CRUCIBLE'S MELON ="

New York, March 16.-Heavy
profit which was generally
expected, due to the continued up
ward trend of the stock market for
the past several days. resulted in
generally lower level for most of
the active stock issues today.
Leading brokers, however, were or
the opinion that the present ad-
vance has not as yet reached its
peak. and while many are advis-
ing caution for the time being. the
consensus of opinion seems to be
that many issues will witness much
higher quotations.
The money situation which. con-
trary to expectations. gives evidence
of an easier tendency. is given as
a basis for further pool operations.
and IL II said that as long as these
pools are enabled to work extern
sively. stocks should go higher.
Adyices from abroad were also
taken favorably. The reported col
lapse of the German revolution met
with little comment. The important
discussion was the rumor to the ef-
feet that announcement of the
initial shipment of s25, 100000 gold
from England will be made tomor-
row. In fact II was generally re-
ported that the gold had been
shipped and was due to land at
Halifax tonight or tomorrow. Wall
Street took this as a positive fore
runner of the total shipment OF
S250,O00.O00 which has been under
discussion for the past two weeks
Crucible breaks lee.
were synonyms today. Even those
IL might be said unprofitabIy)
fought Crucible's advance the past
year. were convinced that directors
would make good at today's meet
ing and declare a melon" cutting.
When the official announcement
that a so per cent stock dividend
had been authorized came over the
wires from Pittsburg after the
close. little or no surprise was oc-
casiOned.
American Gun.
American Can is said to be heav-
lily purchased by responsible peo-
ple--people who believe that some
thing In the way of dividends, bene-
fetal to the common shareholder.
tant future. Daniel @. Reid is un-
derstood to again have the market
reins in hand and all sorts of pre-
dictions are made for the stock.
However. many traders are still
suspicious of the Can move, having
in mind the many previous false
starts this Reid pet has made in
the past. II might be said, how
ever, that the American Can Com
pany is in excellent shape. and di
rectors would seem warranted in
taking favorable action on the COM
mon stock.
Bosch Magnetic.
While this stock has been dor
mant for some time past. floor
gossip was extremely bulIish dur
ing today's session. The same in
terests who handled the big market
in Chandler Motors during it's
climb. are understood to have taken
up Bosch. Earnings are said to be
running at an enormous rate, and
the financial condition of the COM
pany is such as to cause some to
predict additional valuable rights"
to shareholders shortly. Bosch is
one of those stocks in which pool
operations could easily be success
fully handled in that its outstand-
ing volume of stock is compare
lively small.
yirginia-C Chemical.
Good buying has been noticeable
in Virginia Carolina Chemical stock
of late. apd the general belief
seems to be that a dividend basis
of 81 or So per share will shortly
be inaugurated. The company's po-
sition is said to be expanding
rApidly