The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-09-11
SfcUUI0RS FORCE
STOCK PRICES DOWN
professionally Peestmistac For Pur-
pose Of Pecling Profits From
Other People.
UNsETTLEMENT SUPERFICIAL
The Man With the Hammer Has
Found Knocking Generally I'm
profitable in Stock Market For sew
eral Months-Exchange Grows
Stronger.

New York. Sent ia decline was
experienced at the close OF TO-DAY
session Of the stock market IN the
forenoon a further display OF the
strength which had increasingly char-
arter9zas the list during the week
r. sudden end. During the
afternoon there was more or tesS
aggressive application OF pressure ap-
rerentlv from speculative quarters
snarinx from the pronunciation OF
,tronr about the sinking Of another
passenger ship by a German suorna-
rtne Il happens that there was
enough international news OF some
what disturbing portents to conduce
n trading uneastness and speculative
efforts for the decline appeared TO
stimulate the liquidation.
The market showed sfeadlness IN
ire decline during the late dealings
-. .-as heavy Transactions were on
rbou, tho maximum scale OF activity
.t+asres this week hut the session as
Whole sEd not give the IMPRESSION OF
r,o-e +hsn a superficial unsettlenent'
Allowing for perturbation on inter
national political account, It mas 10
he remembered that quoted values
b.x-e neen tenn pered by months OF ais
oufeting occasions and that the couH-
trv.s financial and business status ma
henn thoroughly adjusted 10 war tune
conditions.
vAn-n was no impressive indication
RI .rv desire tn sell in the early deal
,-~e The overnight news regarding
,he recall Of Ambassador Dumba ano
w. .e,+ az C,ermanys note on the
strafrF OF the Arabic did NOT provoke
s~,e rrsssure which called In support
sne afnr,s 20 the structure OF STOCK
market prices. Early In the first hour
the broad active rising tendencies OF
RE session Immediately preceding
were resumed The exhibition did nov
last long however, suggesting per
pans tha. while 1t was all right Tor
..aers 70 refuse TO display weakness
A. ,ha face OF the overnight adv'ces,
.nere was no particular reason why
.sa,, should celebrate the international
Sayelo,rnents by a dem onsfrauon OF
strength.
when the movement halted II was
easv enough for the traders 70 U'sNe
use NJ tho professed disa ppointmen1
over the United States Steel tonnage
statement and subsequently 10 EN-
n1ov slight advantage OF price re-
cexsions TO argue pessimistfcaily from
he Durnba episode and the Araeft
-
cornora,tnns report OF a decrease OF
ahn,st 90 900 tons in untitled orders
las, month. il sufices to say that pro-
anctive capac city has been engaged al
NE steel mills in making a record OUT
,a, ana that IL requires only little
greater volume of the genera ei'siness
movement this autumn 20 III manu-
sarturers' books with a rush or Tor
ward buying.
Otherwise the really impor. =
event OF the day was the afrNat w
the British and French finaaice -
-.t.sio,ers who have come here to ne
votsate with our bankers for a cor
rect,on of the foreign exchanges.
The course OF sterling exchange
xrh,cb rose strongly TO and above 4.es,
could be taken to reflect the fnrther
preliminary diseonnting OF a success
fu, outcome of these negotiations.