Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-22
SHARP ADVANCE IN GROUP
OF SPECULATIVE ISSUES
wall Street Gives It's Answer TO Re-
f.sa port That Italy Had Entered
War.
CRUoIBLE STEEL MOST ACTIVE
Rises More Than 10 Points in Two
Weeks, Entirely on Prospects.
General Market Is Narrow, but
e Strong at Days End.
BY RROAnAN WALL.

NEW YORK. May ei.-wan street gave
its speculative answer in to-dav's stock
market to the report that Italy had entered
the great conflict ny n sharp advance in a
group OF speculative issues nov generally
referred to war stock>.
Crucihle Steel was tho mos, active adj.
vancing points. This stock has risen moro
than 20 points in two weeks entirely on
prospects. for the company showed a loss
last year and was SO sreculativoly dead that
no transactions were recorded in New York
for more than n year
To-day's advance could M, he denied
however. and ruinors again linked the fu-
ture prosperity OF the company With thu
orders recently booked hy Westinghouse
This stock also scored a sharr rise on
aggressive buying credited to PITTSBURGH
interest md local harkcrs who are faith
eIins the scheme to retire the present con
Nerthle bonds for issue OF the
other war stocks. Bethlehem steel crossed
IA: ana the locomotive issuev rrovcd M ,
was heavy. bu, this weakness vas isnorei
me better class of Investment shares ~
Sonlnion displayed consistent hrmurss All
The genera mark", was narrow but
sTSns nv MH o9E enc
w, r,hhe CrmGihl" Steel company 81 Amorrra.
and ssscoc C" @, p@r con, sn%,"t E% re
iefred; 'nanuiactures high grade siccl
barrels n
market at Pittsburgh Some two weeks
market around is nd the :" .tmc,k ny lor
been kept before the public ~ q rapid
Ssnn7r o. %Hyins and selling orders adj
Compartment of runners that the Wcstiur.
!. rite: from, thu Crucihlo COMPANY Thc lat
ter is not strong IN WORKING capital an!
,stheTe are &C. n,u,ula,ea dividends due tho
i. Rmmors linking tho United states gov.
&porntion N N"q 'ns rns" S,n,'s S'"e coz
s-hmonE The hHnk"rs 'hre" imnort9n' items
k6or sterling EXCHANGE. ii7S for sigh, drafts
S+was the Lowest 1cur" over recorded since
kkShe- present method % quoting sterling *
tSago. Call money loaned at {; rcr cont; ana
E"as drug on INC ,nnrk",, 2, 'his. ,he low
1saTotea a, 81 rer cont.
,sbeen restored by recent developments. rho
s1 1 was helry and tho notes matu,inr
Bonds were moro uctivn
Bnnfers arc quite as conservative AT tho
ginning, and the commission houses who
have discouraged trading showed mo- change
OF attitude.
NEW ,, YORK: My Dcvclormen', IN
REGARDED as Of more Importance than ;hS
days rather incon,lusive session On tha
s the S'n oRes rpd sincc ''f i5a i@ To-
1875; francs Icclirco the loves, Guora,,or
Within tho memory OF exchange dealers nnr
l;Slian r"m!tianccs we're virtually unsal-
able; IN tn" orinion 81 experts, Unless the
strain soon is re!1Ncd. foreign financial con
cluons Will reach tho point where most; /:
not all the nations row 1T war may h,v,
TO declare double monetary standard.
.CoId and paper.
Trading In stocks was almost twic. as
parEe az In the carly dtys q; the week Ll,
tfhe particular character OF ,ho DAYS opera
t1ions may he appreciated from tho fact thu,
"a very large percentage Of the turnover was
;dn one OF the iow-priced war special,ieS-
5Crucihle Steel-which rose -, points to its
ihhighe&t rriGe. bethlehem ana Wes,inG-
lhouse gained as much more. and other
specialize IN tho same class we're p-ofn,,
.nent throuchout. United States steel more
'1han held rs rsC"nt recovery despite fenioIe
sof ''war contracts rumoiS
Ennns We're heavy IN the main. notcwnrthv
., eAcen pit being Wrstinrhouse convcr'ibie
rs ana lois'il."rs' Securities IS whicn made
Ss9snaiecjal sa!cs TotaI sales. par value. were
United s,ares coupon and registered &c
faovanee6 i per cent OF call.
NEW YORK., Mav e,.-M.rcan,ne paper
St5Ua SterliAc exchange. steady: sixty Gav
bills: 49, Tor cables s47S75: Tor tom,ni
itdus Bar s!ver, SIX MEXICAN dollars
Government Mr.