Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-11-07
CONTINUED REACTION
SHOWN BY STOCK MARKET
Heaviness Most Pronounced in War
Issues, New York Air Brake
Leading Losers.
DEALINGS ARE PROFESSIONAL
Disappointment Is Felt at Failure OF
Steel Common to Respond to In
crease In Price OF PrOducts-Spec-
ulatorS Restless.
ny BROADAN WALL.

NEW YORK, November g. The
stock market continued reactionary to-
day, owing to professional selling and
weekend closing out. IIcaviness was
most pronounced in the war stocks.
which declined from l to more than
points the maximum loss being In New
York Air Brake.
1rrcgularity prevailed at the open
ing, fractional losses and gains being
distributed throughout the list. Deal
ings were largely professional. Copper
shares were strong. with Anaconda
and Utah the favortes of :his group.
After the first fifteen minutes OF trad
ing the buying became exhausted and
floor traders were quick to offer shares
at concessions. Motor stocks scored
substantial losses in the downward
movement which continued UP to with
In a short time before the close. A
nrmcr tone developed shortly before
the end of trading, but the close saw
prices near the lowest.
Some little disappointment was felt
at the failure OF steel common to re-
spond to the additional advance of 81
"a ton In the price of plates. sha pc =
and bars announced by the Carnegie
Steel Company. Many brokers, how
ever, believe that steel Is having n
resting spell pending grooming for
another move based on large earnings
for the current quarter and talk rela-
tive TO the resumption OF common divi-
bends at the January meeting. Octo-
Der earnings are said to be well above
those for September.
The ever restless speculative element
is constantly searching the stock lists
for Issues that possess merit and may
have been overlooked in the recent ad-
vance In their searches brokers have
gone over the issues listed on the New
York stock Exchange although seldom
dealt In here. The writer learned that
certain progressive firm Will this
70 1r. ms r
kct here In stock which is listed on
the New York Stock Exchange but
whose market has heretofore been in
boston 1t will be remembered that
few New York stock market specula-
tors knew that Crucible Steel was in
existence before New York interests
brought some of the stock from Pitts
burgh and made market TOT the
shares on the New York STOCK tx
change. This has also occurred In quite
few other issues.
The bond market continued strong
stocks mainly for professional account, wa
renewed to-day and continued WIN Ntt.e
RI. movement was accompanied by III.
nuie,.ng rumoys concerning European c"n-u.
lions Losses embraced almost every nnTt
81 tho active list. coppers alone man!fes'ing
relative .,end!n-ss Trading was light WIN
AN u,,or lack OF public Interest.
London. market was closed. nnt tH"re
wer. further sales ~ our stocks ana honua
for future delivery. Canadian iacihc fe!!
=, 10 IS3: and other rails. including Great
Northern 81. Paul and Eastern trunk lines.
ahou, a point each. Readings extreTn" logs
Of II. 10 So, was asoriN.d 70 thc sudden
death Of a prominent capitals; Identified
with that road.
War shares Welded 20 more or loss heavy
uresrurc United States Steel recedeG mod
crat.ly II zen = To So. and closed a. SC.
Various miscellaneous shares were heavy TO
weak.
business ndvices we're 90 IN. sam" cheer
'!!l tenor as those recently Issued. especial
stress being laid on two features Of that
situation. the ever widening activity or
trad" and Increased momentum In many
Industries
Ponds were lower on small inquiry. Total
sales. par values. aEEregatcd Sa.22p"n ln!te''
states and Panama bonds !. 20 :. per
cent higher call during the week.
NEW YORK. November s.-Mercant!i" M
ner 3T3I. Sterling, siXtyday hills, 81 hhjn'
for demand $3.50 Tor cables: sL6i2i, Bo-
silver t.-, Mexican dollars. 3sr. Govern
rueut bond. ptcady Railroad bonds easy.