Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-12-31
OIL SHARES CONSPICUOUS
FOR THEIR STRENGTH
SpccialticS ONer>i,adow All Other
Departments in Fairly Active
Market.
ADVANCES ARE VERY SHARP
Announcement OF Contents of AUS
trian Note. Whether Favorable or
tnfavOrahlc, l. Expected To In
crease and Broaden Trade.
n, nKo\p\> WALL.

NEW NoEk December 81 Sp.oia ltI.s
ovsrsnadowed I'll other departments in q
strong AND fairly active stock market to
aay oil shares Yer" Particularly conspieu-
tor their strength.
There was a heavy volume 90 transactions
the advances reiu= very sharp. Many sp"cu-
la:ors and Investors have heen holding aloot
pending the receipt Of the Austrian mote.
Announcement, of Tho notes contents.
whether rsyorable "r uncavorNhIs Is .cs
rcc,ed 70 Increase aud broaden trade.
ausr nrm areuiug 3" which til" r,l's
showed sush, "veruiShi gains and the oil
share. substantial! advances ine matAct
larSsd into du',ueSs Commission houses 70
ported that customers We:e anN.o.s TO await
the result oi the Austrian not" before u:,k-
ing commitments. TN better tone. however.
continued ur TO midday VIII IN prices recels'
s"m,whst Low priced industriais shovel
some Improvement in ia" afternoon, hut in
tcrost was Largely osut-r,d ia the oil STOCKS.
hiyh maintained most ~ their large gains.
steel common had 80 narrow ruiE- 81 price
fluctuations h"'e:tuE ''"iM"eE 50. ." ~.
lnltou states Steel I"Ipo..tti,H'S vu.ploy eos
VIII be permitted tr Subscribe To 5000
sht,cs OF common vas said d, h,,c a,
.onndcnrc of ,he director. i'm ta4 ";ai,iIitv ~
TIC present business. and th,: the shares r.
worth what they a." selling tp'. they
vlso say there j. PROBABILITY oi resump-
directors meeting
EuyinE OF oil shares we're more arrrcs
tiN" today imam. p"rnHps. at any 'imc
curing the present upward movement. Poo
rle VINO Noui no; buy either Myxicar ~
':"lEom or California, Petroleum preferred
:" points unds" the pres -Mt level bought III.
SHARES to-day Their buying ,,as duo - /.
degree &" reports that these jWo com
ranioS together with TIM Associated oil
ANA Canadian Petroleum, would go into the
recently organized by The pohenS inter
osts The main Incentive. however. v,,S tho
r"pidiiT Wih which The dUotation> al
Nar,ed.
Interests Close ." california pctrole.m at
tiilhlt" thu Improvement ~ the shares 10 tho
tniou ~ The 80 companies comprising the
ma r'i cent OIL produ'crs tLcuty in Ia.
west, Merger ct these concerns would elm
maze IN" cat throat oomrrtitiou That nn.
wr' "! h'"Et5SS lNi wears and. "f course,
result IN better "arrlnc,
'nHnucal stocks v-re uEtil strong ;.rtlor
l"Hh"rShip OF International h.rt,ultrr,l
chemical preferred which rose -. points ana
'ios'd at The tor which is TIA, highest quo
tHt"n FOR this Year. Reports of in,r ct..cd
max" fnvorabi" announcement shorty :,
lar aS the preferred SlockholF,ls 80 ,.,,
tcrne'! were current.
investment bankers rcpn.t = continued
goo" cc,nanI for nigh Grade issues. south
"'n i'Cihc - We're active and higher tnd
hosIo French b"ud> displayed a Letter tonc
new YORK December 90 Merc.u,ii. Ma
ref i"... sterling. siNtv-day bills - 40. ,le-
Whuo. go; "ohes. 5i'i", iar silver ~
. McNi,"" ,t,"lisrS y G"vNrnmrn, bonds
loans weak: siN;y days a'4,ei r,inct, .avs
2:H2'.: six months .a.n3 ,..u ,,n,aa,
'''Si'l ruiiuG ".t" :.