The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-09-17
LEADING STOCKS
SCORE ADVANCES
Foreign Markets Change Atti-
tudes, and International
Houses Are Buyers.
READING LEADS AcTIVEs
Professionals Find 1t Impossible
to Scalp kighths and Quit
in Disgust.
READING LEADS AcTIvEs
BY BROADAN WALL.

New ofk, september 16.-JudEcd
merely by the closing prices, leading
stocks scored advances. To-day's stock
market. however, had alternate fits OF
activity and dullness. that gave Il con
fused color TO fluctuations.
Foreign markets changed their atti-
tude. and international houses were
buyers of stock in the carly trading
fo1 the first time in many weeks
United States Steel. Amalgamated
Copper, Union Pacific and Southern Pa
c'fic were purchased n lively market
for Canadian Pacific was quoted on
London markets. while the stock rose
from 23o SIS to 235 1-2. retaining over
Il points of the rise on our market.
Favorable figures on the European
copper situation encouraged purchases
CT AmalGamated carrying the price
above so
Copper at II cents is not only an es-
tablished fact. but higher figures are
freely predicted.
Reading Lends Activcs.
Reading again led in point OF &C
tivlty, over 100000 shares chanrinc
hands. From les IS the shares jump
co 20 100 12 where the movement was
checked by proft-taking. This stock
acts we'll, and some OF our best market
Judges expressed the opinion that n
further advance will occur Steel has
become neglected Now that n large
part of the short interest has covered.
there is probably natural market for
tho shares.
Professional traders find il impos-
.ible TO scalp cighths OF quarters, and
Lave abandoned the crowd in disgust
lnterboro- metropolitan preferred sold
of on the disappointment that no ac-
ton has been taken Gil the Qucs ton Of
:. dividend. American Can was active
and lost fractionally. If current sto-
les may be believed, INSIDERS arc tumb-
al y over each other to dispose of their
holdings. If the stories are true il
VIII be the first case on record where
authentic information was furnished
The public regarding the inside opera
tons of the big men Experience sug-
Eests the wisdom of discrcdting the
rumoIS
Ores Present Possibilities.
During a period of dullness Great
Northern ore certificates were ad-
vanccd from Sc Ia to 81 "a. Trading
in these shares is very limited, and the
advance Was soon forgotten. Pitts
burEh Coal issues were strong the pre-
ferred rising two points and the com
mon one. owning the great combina-
ton of bituminous coal estates in this
country. these shares have speculative
possibilities that Will pay nvestiGa-
ton,
Foreign exchange had a sharp break.
indicating gold imports 1t is believed
that a movement of metal in this di-
rection cannot long he deferred, and
il is predicted that imports Of gold
Will stimulate speculation here.
New Haven dropped two points. and
this attracted attention to a decline in
the New York, West Chester and Ros-
ton Il per cent bonds; guaranteed
principal and interest by the New
Haven. They changed hands to-day at
So.
bonds Under Pressure.
Government bonds under
sure. The per cents were o. bid. with
out-of-town institutions Offering The
inquiry for investment bonds shows a
broadening tendency. in fact. in all the
markets investment issues have !; firm
or tone Money rates We're unchanged
for call loans, but line funds are still
scarce at iiriner rates
The promised extra distribution on
Union Pacific has elcctrihcd the spccu-
lativc atmosphere. Rumors now in
cludc Reading and Canadian Pacific
In the meantime. speculative interest
Is increasing, the market occa sionallv
gets dull, but not weak. rallies are
sharp rs they should be. and the gen
eral tone OF the street is decidedly OPP
timistic.
New York; September ls.-operations on
NE ions side IN the stock marke, to-day
OF the market having been strengthened 10y
the realizing Yesterday. bulls sought to bring
WARD. The pronounced rise Of few leaders
tailed to arouse enthusiasm. and trading
lacked tho breadth OF last week
Reading apparently WAS selected as the
leader in attempts 10 BID up list. Cop
per shares, too. were IN favor by reason
of the further decrease in European supplies
ana The advancing prices. Reading mounted
moro than points to 1891: the highest ng-
ute OF the year. Analganatcd also made 4,
nov nigh record for the year by rising
points TO Sois Canadian Pacific advanced
Li.. Various other standard shares made
gains OF Il point or more. Toward the close
selling pressure became greater. New Haven
ielI 10 a new low record at S1i.
Money rates held strong to-day Foreign
exchange rates again weakened. ana there
was much discussion Of the possibility OF
gold imports.
Most leading bonds were inclined 70 sell
OFT, but there We're points OF strength among
the less active issues. Tota sales. par value
si.31,011.
United states Is registered declined !. ana
the IS registered = call Sales OF the -
registered were made at 9s7., compared VIII,
.1Ss yesterday ana asi: Lass we-.
Total sales Were $500 shares.
New YORK September Is-Money on call
nrm at 2@H3; ruling rate, 3. closing 23.M3
Time loans. stronger sixty days ItGI4i.:
ninety days. 4i2Gi@4 six months. g. Priine
mercantile paper. 1a.Ht per cent. Sterline
exchange weak at s+s22o for sixty DAYS and
$3.50 for demand Commercial bills SislS.
Bar silver. COZ. Mexican dollars SO Govern
ment bonds weak railroad bonds easy
RICHMOND STOCK MARKET.