Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-10
Northumberland
TO LOW PRICED ISSUES
Optimism Is Finding Expression IN
Accumulation OF Buy
N ing Orders.
BIG TRANSACTIONS IN BONDS
New High Record Made, $1,s5O,OOO
Changing Hands-Bond Brokers
Report Widening Interest in Semi
Investment Issues.
BY BRoADAN WALL.

NEW YORK, December 9.-Optimism In
finding expression In accumulation of
buying orders. Attention having been d.
rectcd to the low-priced Issues by the an
nouncemcnt that unrestricted trading would
be permitted In stocks selling at Sis or
less. interest is focused on such Issues as
Rock Island common. selling at about III.
the preferred around s: Corn Products COM
mon. between and .; Missouri Pacific at .:
Union Bag and Paper about 5. MS likely
vehicles with minimum of risk for specu-
low to enable buyers TO purchase outright
and assume full ownership the only safe
Odd lot dealers have been given new lee
way For the first time since the closing
to and marke IN ' lots ns eoss
prevailing quotations.
- After careful canvas of the leading do
1t is believed that buying orders predomi-
nate. and no large amounts of foreign SELL
opens. ~ '
Bond transactions made high record to-
day. sl.So,co changing hands Texas Com,
Pacific collateral trust IS rose from +oN to Al,
sSTan rec Of IS fs ss.e
rose to, ssh reports of Improvement in
earnings
Consolidated Gas con. Gs graduated from
dropped from i1oN to 1oeN. recovering, to
par. Southern frer Pscifc ' SIS Divers under e
pressure. and declined from s5& to %:
in the OBSERVATION-DISCLOSURES pD issues e""s interest,"
: Business in stocks through the clearing
In many instances showing sharp ad-
vances Texas Company rose points to
at ssls Missouri Pacine sold at 3. and i' Ge-
rectors declared the usual quarterly dividend
OF Y per cent Mt this afternoon. At o'clock
the stock nets 10 per cent the invest
ment.
NEW YORK. December e.-The broader In:
gHiry for investment issues which followed
Exchange, will reopen next Saturday for
tained and In one important instance-the
New ne% work bs city reso pSr Sen
Bonds were inclined to react in the later
roads Marked Of
Stocks moved irregulariy. according to the
humber Of issues showed some fna sm
ABOVE s bes stock that sold
Exchange on Berlin and Hamburg while
less active than recently. oveshadowed all
other features In the market for foreign
the highest quotation OF the present move.
ment.
PoastpScnement Of rssu,arly quarterly divi-
son I River Railroad and the Lake Shore
until II was learned that the two companies
which are to be consolidated at the be-
tends TO declare n consolidated dividend on
the both capitals
Proposals for the shipment of large
amount of steel ties to Europe suggested n
renewal OF foreign buying of this character
and the domestic situation was improved by
some large orders for freight cars General
buying OF mscelln neous order which ir
excess OF recent weeks. according to trade
authorities, but far below tho normal Con.
per was unaffected by reports of high prices
for the metal in London. :
NEW YORK. December 9.-Call money
steady: low, az ruling rate sh; last. {;
Closing, 81. offered at.l per cent. Closing
Mercantile paper, tASf4h. Sterling exchange
heavy; sixty days, $4.Si75: for cables sis77S;
for demand. S4.S725 Bar silver a9x