Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-29
WALL Street, EXPECTS
QUICK TURN FOR BETTER
Indications Arc That Early Weeks of
New Year viii See Greater
Activity.
pRICE MOVEMENT UPWARD
Buying Orders From Pittsburgh for
steel Startlc Shorts and Give
First Impetus for Advnncc-Shift-
ing of Speculative Interest.
ny nkn,nAN WALL.

NEW YORK, December S.-PrlceS opened
awli and firm Within a few minutes, Il
EGylnr moyeincn, developed, and Advances
to rSins pS BY renowea S
tivity and continuation o; the upward
movement that closed stocks about the
Buyins orders from Pittsburgh, for Steel;
Isr.tdiur and other leaders startled the small
shorts ana gave ;hc hrs; impetus to the
advance. -, ,
drew away from tho peg prices. The
action of Steel common WAS watched closely
Tbis Stock moved easily from j. TO 80, and.
after a slight hesitation. advanced to ~.
actions. southern Pacific moved more slow
ly while PENNSYLVANIA recovered to i9iHt;
room bu, Reading always manages to re-
tain promlnemce in the days work II was
gain of ~. lehigh Valley jumped
points on The turnover 81 1900 shares. The
much reduced and Quo,a,i"ns were about
points nrnrt beiMeen he bid and asked.
tSat mis- company has reduced the cost OF
Alaska advanced from 2; 70 ?!i. on a re-
viva OF the rumor that rights VIII shortly
be given stockholders. Beet SuGa! advanced
NJ: k g It dropesa, to =, q nsT low;
in loan THIS sn,oTee sos ssms GTGke nr
the third week in December gross increased
orders a, anythins, like fair prices. on
saa,i6n If e sefIins o Orders and traders re-
fuse 10 supply BIDS as is the custone in moro
Bonds we're strong with the volume OF bus
lness good.
ter in Wall Street" remarked one Of the
older Stock Exchange members to the
have signiAed their intention OF retiring from
;he brokerage business a, the first oppor;;
in speculative interest"
This state Of mind on the floor usualIy;
il on two other occasions
NEW. YORK December 9s--The stock
market today recovered much of the ground
Nos; in last weeks declining movement. I'm
SFa h at the end al whoh s
the days best prices We're recorded Trad
any time since the resumption OF open deal
ings with activity most pronounced in the
almost points with sharp recoveries from
their minimum by such Important shares
The rise extended TO number OF special
ties including equipment stocks ana Beth
including Chicago ana Northwestern and
CHEESE pcake and Ohio, fell TO established
Much of to-days buying came from The
short interest. but. according to reports.
hcaviness OF Southwestern was associated
with the road sinicmeent for November;
which showed ne, loss slightly In excess Of
10000, while the southern Railway SUI
iered to Il similar extent for the same pc
Rod.
Foreign exchange declined to the bot
tom price OF the year. cables and sight
drafts on London being quoted at SiS57i. and
Isis, respectively. Time money also touched
the minimum figures since January last,
?oans from ninety days 10 SIX months be-
ing made AT S24 per cent. Mercantile paper
OF the bette" quality easier
Bonds were equally firm, with the stock
list. some of The investment issues showing
marked gains
United States rovernmen, bonds were un-
changed call.
NEW YORK beceinoor ->r'ios.nS: Mcr-
camille paper, iuii.; sterling exchange,
steady; sixty bills, siS?:5; for cables,
SiSGl5: for demand SiS525 Bar silver. 49,.
Mexican dollars. SIS. Government bonds.
H. HON L.