Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-21
MARKET GETTING READY
FOR ANOTHER ADVANCE
Dealings Broaden on Slight Provo
cation. and There Are Indications
of Bull Movement.
WAR STOCKS CONTINUE STRONG
Drive Against Chesapeake and Ohio
and Other Railroads Made to
Check Advance in 1ndustrials, but
Does Not Prove Disturbing.
ny nRoADAN WALL.

NEW YORK, May 20-To- days
operations on the Stock Exchange left
the impression that the market was
getting ready for another advance. On
slight proyocation dealings broadened.
Opening prices were indifferent and
fractionally lower, but in a few min
utes strength developed in the war
stocks, which brought advances of from
! to 3 points in the more speculative
issues. This ran along for nearly an
hour when the market was checked by
a drive at Chesapeake and Ohio Chica-
go, Rock island ana Pacific and Mis-
sour Pacific. This selling. an effort
TO check the advance in tho industrials.
was not disturbing. and there was a re-
newal OF strength, which again carried
prices upward. Closing figures were
firm with spcCialtics and war stocks in
Fluctuations in a narrow market
should not Toe taken seriously When
Steel comomn was 81 IS ON the tape.
floor traders We're in the crowd, c;,cn
lone bid Of 81 81 for 100 shares ON
the tape the stock looked weak. Some
one came into the crowd with a real
huyinG order ana the rrice rose
The United states steel Corporation
is now booking orders at tho rate OF
about thirty-thrcc tons a day against
an average rate of $1,000 tons in April.
ana the plants arc operating about so
per cent of capacity.
Little time was wasted in discuss
inE the annual report OF Westinghouse.
The stock was one Of the stronges;
eol-4 on reports That a contract was
Just about TO be closed for the manu-
M IaGf%re OF 100000 rifles At price
$4,000 900.
Butte and Superior was marked up
was, recently brought from the BOSTON
market and listed on tho New York
stock EN,Ghange. and is apparently he
ing distributed 10 the public as rapidly
Bethlehem steel jumped points on a
report that the company had secured a
large order for cannon from the Brit
ish government. Baldwin Locomotive
fndyanced n9intS on report that 9!
delivered on Wednesday. hut tho details
could not he, obtained
Missouri racine to-day to TIC manipu-
lntors. The price was dropped below
H. whore traders took not shots at it,.
When comfortable limo OF shorts was
out the r"port was circulated that the
Goulds would deposit their notes This
traders themselves carried the price
10 -. When the small fry had taken
their losses tho price dropped back
Investors have assumed waiting,
attitude in the bond market. and bids
hay" been lowered fractionally in the
expectation OF further offerings Mt con-
ccssions
NEW yoRE. Nav -Exc.p, for sigh,
recovery from rs extreme lo,harcy of 70
Govt sessions. to-dnys stock u7rkc, deyrl-
op"a NO features n interest Foreign affairs
wcrH NOR" than evor lctharcic. and tho ncvs
that Italy had virtually decided 10 align
herself win tn" allies being accepted al. a
'"r""o0" conclusion hcuto weakness I'm The
N.rinuS markets Tor foreign cNcNaur. otter
"' evidence ~ uuoaSi-csS existing in Ion
ton and ~ all Continental concers
l"w"str conditions raycd "a par, In tho
low priced railway shares. Chesapeake and
ohio and Missouri Pacific being uuusuall.
ir those properties The fa,. of Tho Mis-
sou:i fRcirc extension plan is believed 20
res largely With tn Gould interests whiIc
'n"sfr"AEc and Ohio's dividend uolicy was
s,ul "a" unknown quantity A. the markets
War shares occupied a place Of relative
iu0or'hncH In the DAYS Slim business Rsrh
l"h"m steel rlsinr points Win 10 i-Doirt
gains in other parts Of tn" rrour
P1nls were heaVv with material declines
in Rock Island aud Missouri Pacific issues
United states registered and coupor IS Ir .
cl!nHd '-F's 20 cent r"suectivclF on call.
Nr:W YoHk MAY n-Prime mercantile
parHr. 5's"i. Sterling exchange weak: siy-v
IhE hils. 81 1875. Tor cables. i-s... ,n- 10
mand, N7s!i. Bar silver. igs, Mexican dol.
lars, @, Government bonds weak: railroad
f6.on!s heayy Time .oaus. nr'u; sixty days
2H,"3 ninety days. e. aIN months ~ cali
Tnon"s, steady. ruling rate.