Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-03-03
* MARKET EXPERTS
EXPECT SHARP ADVANCE
. Arc Watching for Speculative
1erest Sufficient to Start Up
ward Movement.
TRADING Is NARROW
a Prices Firm and ut Times Al
.ost Buoynnt, Undertonc Is OPP
lmtstic, and Apparently Stocks
re About Ready for Spring Rise.
by nHohDAN WALL.

w YORK. March 2-rrodin; nn-
'9r and nimon; hnoyan, rho under,onc
q 'r T., nsi.i, Apparently The market
,vtomohiie. issues stu lead with Maxwell
'"r* qualifying for tho endurance con,
M rose l'2. and Wills Overland mnou,
sold af at nTsI ' fGq rebrnary
'ar <rec,ed to show q sross increase OF
n GS '1 PTS@ %s was hr
famors that subsidiary company the
nj, 'f ihvoiyi iw" SOM G'Gs.E 70 asansS WIN
r,c;rin transaction an the Fifty ninth street
New Haven rose points ON n" story
W that the comrany was about TO hisros: OF
~. control TI" Vas to p n,s t f." ,ho y T. u
steel common rose ia i3is. wh"r" liberal
offerings were encountered shading prices
crowd. n. scn,ines Of spcGn,a,ive interest,
report selling orders In tncreasi"' volume
There was pronounced strength In Union
rachc and Reading, with hrr' tor" IN
G ,s T for nrcisn c" "n mere sms and
X. tho short interest provided the HtrcuE,h.
n tho p %'vs from rom !" I To ~ Ts4 icokeG IKE
=, essnrof"ssionnl movemcn, on the noor. ON Of
on NIGER the stock recovered ~
- .rner!con Locomotive fell - q. the local
aronrc, shares were inclined to hcavlne,s.
fnncssee C"rrcr d-orrcd % T. a; me
I'm rectorf meeting Tomorrow. no dividend
| ,eron is expected
central Leather dipped point On n ruiN"r
L., al the government, wouli bring .ni'
II ot:nst the company, hut this VAS denied
snissn wsrt cen fTe r %" 'HS nHn
In i.l.citc IS and southern Pacific issues Mere
Etsrnida,icn VAS no' urgent. luin6is Cen,
la u! - lost points ana Minngnp9iis aud
lively explained as duo to In" ahsenc" OF
ssle broker in the bond crowd who h"! sup
ma Among. me January traffic returns. Ca
. ,adiH1 pACinc SLOWED increase III ret /
E"-fa 80 mani amt
, m.ho. $500. Now York Centrai. sl3.',Ac !
IN q Chi.9se and A,,o" S. =, ~.
9 soSGrp atvancG and they are k,cmiy watch,
=. .rasc So, euIa;iye interest sufficiently TO
3r;tri the upward movement.
cTI2w YORK. March on tho surface. 1T |!
rr',st, so-dGy's stock marke; appeared TO ig /
y,mnerce Trading WAS STEADY. and Hight, |!
p &r known issues some OF the Eastern rail- !
IDays gaining 20 points, with recessicas |
Ttnreasinrly rromine:, but the utter absence !
cit Investment demand was again a striking |
tnn There WIS '"r"valor = 'uc1e~r.e scale
tya,ery in tho bona division and auotca
tria'ues in som" high grade issues showei
pioucess!ons E>chanse markets We're m.ote
at In me final hour there was pr.cir.,ate de.
Is I'm" in the stock and per cent bonds OF
points This "ns preceded 10y greater n"Iv-
,"Iress III ;he grain markets, which rallied
an lightly at the close.
-. The uncertain state oi the copper indus
81 ry MAS shown 10y the varying attitude OF
'rehc producing companies IN their dividend
;elpolc.ss
e, one restored its regular rate q; disburse-
,'meEts, While others deferred action inade
authorizations Ia the steel trade. prices
hOcertatn speCinItics were advanced
Erie reported gain In earnings for
ulJanu"ry OF $500, and Canadian Pacific and
nd ChesapeAk and c!u managed to cat 0per-
la, aunH cAprns,s 10 thc extent OF yielding
I'm oicrate net "eturns hut Scahoard Air
Z" Line reelected its recent heayiness with a
loss Of 100000. New York Central Was
e' iirm on It's favorable statement ISSUED aftc;
II the close OF yesterdays market
NJ l-ondonb market was steady Improve
u ment In IN. Ship labor situation and rcduc-
u Ton OF marine rates, t"naIiHn lHcit. and
n tiIior. faCinc reflected moderate inquiry.
II The local bond market was irregular. SprCu-
lative loN priced issues dec!tu:n. sharply
!, C2ited States bonds We're unchanged "ull.
NEW YORK. March 2-Mcrcantiie paper,
I S'sG+ Sterling eSrHanGe, steady sixty da,
bills, StiS". Ior cables, s. $50 for demand.
$50. Bar silver. l.. M.Nican dollars az.
/. Government bonds, steady. railroad bonds
T Irregular. Time loans. steady; stAty and
ninety days, :i.H3, .iA months. 3. 81. can
money steady; rGlirs rate,