The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-12-15
WILL 7 AID. IN ALL
STOCkS ON LIST
DEMAND ron SECURITIES IN Ex-
CESS OF SUPPLYING PRICE
BREAKS LIKELY.
MONEY SEEKS TO INVEST
RAILROAD STOCKS STRONG ON DE-
LIEF RAILROADS WILL RE
CEIs1: PRACTICALLY ALI,
THEY ASKED FOR.
MONEY SEEKS TO INVEST

New York, Dee 14--Ail the stocks
or the stock Exchange share list VIII
..e traded in on the floor tomorrow.
subject 70 she minimum price restrtc-
tons and other safeguards designed
for the opening Of the market.
The decision 70 restore The entire
list 20 public trad ng was reached to-
day or the further Indications that
quoted values were not liable 10 any
overwhelming attack Of selling but
that or t'ne contrary the demand for
securities was In excess Of the supply.
The committee OF five was especially
moved to reach this conclusion by the
fact that the stock Exchange Clearing
House facilities for handling business
in the shares which had been with
held from public dealings were very
much overtaxed. for there was rush
Of buying through the committee
which quite matched fs1e expansion Of
purchases at rising prices on the floor.
Not only was there no HqCidating
pressure IN evidence. but proflt~taking
sales were readily absorbed, and from
the stock market and the foreign ex-
change market the only obvious de-
auctions was that appra1ens!ons Of q
food ~ stocks could no longer be en-
tertained.
Prices Range Higher.
Transactions had very much the
appearance OF an alarmed short COW
ering movement, for prices rose rapid
II and easily on relatively small
amounts Of buying rut not ali the
buying noted was Of the covering
order. Investment accumulation was
manifested In all the very substantial
proportion Of the total dealings whic.1
was made up Of relatively small
amounts
Business slackened n little in the
afternoon. possibly because of the full
restoration Of the open market to-
morrow. with its wider range OF
choice. hut the total &C transactions In
the neighborhood of 100000 shares
with pieces showing "A large array OF
very material gains was a very salts
factory continuation OF the Saturday
session. 1t Is worth noting. moreover.
that the bond department was stimu-
lated by the features of the stock
market. the aggregate Of bond trading
exceeding $500, 600, or about 81
100000 above the previous maximum
since the open bond market was re-
sumed Prices of bonds showed
strength also in proportion 10 their
Increased activity
Railroads Show strength
There was less exclusive direction
OF attention to railroad shares than
On Saturday. although rails through
out were strong and active, Leaders
among them were Northern Pacific.
Reading, Erie and Lehigh Valley.
AmaIga mated Copper and the copper
metal group were conspicuous among
the industrials for advancing strength
and activity. but an extensive variety
Of industrial shares participated In
the further betterment.
PROFESSIONALLY an important In
fuence was exerted by the repetition
OF positive statements that tho inter-
state commerce commission had made
up its mind to give the Eastern rail-
roads all or practically all that they
had asked for In the reopened rate
cass.
Among thu marketwfse Develop
ments OF the day was the announce
ment rhat the United States Steel
Corporation would not this year make
its customary profit-sharing offer Of
stock to It's employees.
The money market displayed a
some what firmer tone for time funds,
which were quoted at Ia 10 Ia
per cent for all maturities up 70 six
months