Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-17
S0FTNEsS IS IMPAIRED
TO EARLY STOCK MARKET
Professional Selling and Scattered
Liquidation Have Their Ell
feet on Dealings.
WHOLE LIST RECEIVERS EASILY
Strength of War Stocks ard Sharp
Advances I'm Baldwin Locomotive
and Bethlehem Steel Attract At
tentfon-I.atter Goes to 1871.
BY BROADAN WALL.

new YORK. October i5.-Profcsslonal
mission houses Impaired softness to the
stock , market during the carly par. %
IN" list recovered in tho last hour demon
strated It's strong technical position ami
tions. Strength Of the war stocks With
I nn,s Savanc.s in Baldwin Locomotive and
hish record Of 49,. attracted much atten-
In the absence Of unfavorahle overnight
neFeiopments initial prices showed frac-
tlonai gains. The usual weekend profit
taking and short selling by tho professional.
wiped out the small gains and replaced
them with slight losses. but offerings were
light. so that prices Immediately rehoundcd.
Good Judges OF the market look for
~.sh nnn, Of the nnward trend neN,
ton Of the speculative account. tho TACT
thai banking interests hold large blocks or
eisIers. and tho necessity Of maintaining
a strong marke, 10 AID in the distribution
Tho activity and strength Of westinrh"ns"
m.e,,.ic In he late session we're ;iid ny
closely 10 hc Indicative NJ demonstration
next week. which VIII he based on The re-
der War orders the books OF the corn
pany are nov said TO total approximately
standing that the time imi, for par,ici-
SSating IN the reorganization throurh IN"
,,.n'ion. The buying was sad to have a.
ts incentive "A belief that tho time for
deposit Mil he extended. Spectators who
look further ahead Than then noses. ~nr.
wo on,h !, hey much the stock would re
tended. for holders OF The issue would and
thtnIs"lyes In nosition Of having pur
chateh The stocks OF :, bankrupt road. which
docs not even have tho right 70 participate
In tho reorganization.
COPPER thar"s were steady. Tennessee he
ing a, IN" rn ront wi'h an adynncG OF aeou,
emoofo Of tonds to b" sold to provide
for improvements were quoted az Il, lid AMI
askeo. whi II is equivalent TO i2o for tn"
holders At par. chino copper and fnspia-
Gonso'idatcd Gas dropped moro than ;
points. o"ins to reports thai shareholc"rs
Will receive an increase In tho dividend and
price ,how.a : decline q neariY y" poin,.
from tho high figure for tho mover,en,
'erIrdirE the prospects OF melon
The hord market d!splaScd sl.Thtly
hotter tone. although transactions we're
HEW YORK. October :s..,Trsdins IN stocks
;ess;"nal with further dirninution Of pub
20 suggest further liquidation. bu, declines
weer Largely enaccd in tho later dealings
BALDWIN Iocomo,ive Genera Motots and
WHY'S Overland, caused the short interest
polrts 20 the now high high price OF ~.
There was further selling FOR European ac-
count mainly OF the railroads but This
made only slight impression upon lucted
values. United states Steel also MAS Of
tered for account o: foreign Interests. gell-
ing of a substantial fraction So hu,
recovering AT the end. Consolidated Gas
lost over points Of It's recent rise on denial
VI any contemplated extra dividend pay
runnts.
Gossip busted itself with contcctur. con.
c.rnnE the tenor Of WashinEton's note 70
treat Britain but In no quarter Vas there
an. fear 81 serious complications.
Trade reports We're OF tho Same hopeful
nature. one leading authority declaring tina.
the tide % business Is rising a, an ac-
"lsrated pace" This Truly applies 20 the
steel industry. IN which activity continues
on an uRtinlnished scale.
Initial Payments in connection With the
Anglo French note were reflected in thu
bark statement, actual loans showing an
expansion OF almost ilCd nj. cp0. POSTS in
'reisine almost SIS 90. 90. with "A cash gain
Of almost sci On c6o, the whole making for
decrease in the reserves OF a ltt,lc more
Than 81 ,o"1. The bond market also showed
decided falling OF in demand. Total
sai-s. par value. si.72ic:o United states
government bonds remained unchanged on
cali during tho weak
NEW YORK. October :5.-Mercartiie pa
Per. 3g3'a per cont. sterling, siNty-day bills.
sass; for demand. S4.sG: :or cables SiCs.5
Bar silver. teh Mexican dollars. Ss'..