Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-23
STOCKS REACT|ONARY
At CLOSE OF MARKET
Results Largely Due to Traders, Who
Hammer Prices When Usual Rally
Fails to MaterialiZe.
EARLY ADVANCE is CHECKED
There Is Exciting Beginning and
Lively Finish. Early Prices Being
Strong and Dealings Large-Bonds
Continue Active.
ny BROADAN WALL.

ny BROADAN WALL.
NEW YORK. January % Stocks wcrc re-
dictionary 1T the close to-day. largely owing
I" the Efforts OF traders who hammered
prices when they found that the usua, after
noon rally did no, matcrlalizc
h S. marks an,. had an %Nctins beginning and
and dealings large. but tho advance WAS
'heckeu by renewal "f selling for foreign
New York Central vas activ. and rose 2
POINTS The movement had heci, widely her
Gor 10 swcoion ,hS m max" p S"for .S , hn
fointior Of about Sil5,Qn"rl bonds under tho
mcw blanket mortgage. This rise encouraged
NoTthcrn tactic rose to l"7. Reading to 1916
"f :orricr selling checked the general adj
N.t,S nn4 threw tho market into dulnsss
MISSOURI Pacific turned heavy dropping
n"hriY " points This stock has enjoyed an
n ,rcso,' eniire!Y "ut OF proportion TO the
Tinted states steel common was heavy
T"reiEn selling was followed hy the ac-
"t shorts that sent tho price down a fuli
american Shelters was strong on tho r.-
roit That COPPER production would he in
'rHaSHd ai"u. l. per cent month Copper
shares In turn We're heavy on trad. reports
tlat the supply OF metal on hand was much
.nrSHr than currently imagined. Now that
NC producers do not issue monthly sta.
;iSuCs OF production or stockn of metal on
hand The public will have to 10 consider
q step backward, and generally regretted In
wall street
Wabash issues were strong. the preferred
seiiaS M 10 on tho comforting rumor
,hht under improved conditions the stock
II oi'E & only be assessed So" share instead
HIuiomohiis shares were Irregular. stude-
rrhi Motors gained more than points.
'front.' taking rather, than any change in
,rada conditions probably accounted for the
, Bonds eontiruca active ana strong. with
BROTHERS certificates. Thes" went from Is
to to - ia and hnEk to s.. on decision in favor
s,irs woI" nnnsu.lly active, the convertible
nd snimed = @ nS,o the S lost fraction ches
Baltimore and Ohio convertible i,,s al
showed gains
Now; know this IL n hull market" re-
marked prominent member a, the close
81 business ','rhe, hesitation displayed
f"a"uon. and look for II renewal of the
"dNanee With the coming week"
'n ana :r"}o shares Of stocks have boon
s|iH i"r foreign account In market.
been "ns, absorbed. and. While i the s cures
o"k iormidIhio. the totni In dollars is not
w"rc srch low priced Issues. na Erie. Mis-
ss?9nri Kansas and Texas, Denvcrs and
January bun markets have frequently. in
no o lnS,; run into sharp reaction known
""u' about the end Of the month.
new YORK, January 22.-Foreign selling
market than at amy timc since the reopen.
,e OF IN. London Stock Exchange With
lH,HayS offerings. liquidation from abroad
chiefly from London. was estimated M MOI
Toss thhn l"p.r0r shares for the week This
,"m'nris"d in large part such low priced
'ahway issues as Erie and Missouri. Kan.
sas and Texas common and preferred Win
an admiXture Of Atchison. the Pacincs con.
rrrs ana United states steel. The market
Hoon Went 20 ITS hgnes, OF the day and
of tho current movement Selling md ~,
nppf"'iahi" elect uutii the early afternoon
Lowest
were made la tho inAl dealings a, which
ii,n" virtually nll gains were oblitcrated
. i"rNlEn exchange reflected the Eurononn
, i"",nnn,nm on, 'hsr" being heavy buying OF
money rates made a low range for
Almost = year. four TO six months loans he
nS made at -. per cent. while over-year
ner cent This Was in keeping with fore
'hsts OF to morr"ws bank statement which
Indicated another cash gain.
IN unexpected DEVELOPMENT NJ ,be d.r
Vas tho decision Of the special master in IN.
West Virginia debt case. holding Wcst Vir-
Tlhl' !"hic Tor large share OF VirEinias
mon virginia certificates rose sharply on
th' ncWs, but later lost part OF their gain
MISSOURI iaciiiC Was again heavy but no
:"Ss active. while tho per cent notes ex
piring June sold at their highest IN soma
months. "a sumo
Pond sales Increased in volume with
aEhSr ps'css for msnE issues. Total sales
Govern;nen; bonds We're Ineligible and I'M
changed call. "
NEW YORK. January % Mc,cop,u. -,
lay Bis ss S5 " s eahlsa :. M I'm sSy
,mand. s. si2. bar silver, isi4. Mexican dol"
i ,osJ 81 W., ioyGrnment bonds; steady rail
sixty days 2'.g3: ninety days. 9s.Ts. siI
months S'.u5h.. Call money. steady: ruling