Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-18
MARKET STAYS STRONG
DESPITE REALIZING
Steel Maintains Its Leadership. and
Touches Highest Figure
Since 1912.
WAR STOCKS ALSO ACTIVE
Rumor That Morgan = Co. Will Form
Syndicate to Make Large Offering
Of English Securities in L. S. Part
ly Cause for Strong Undertone.
BY BROADAN WALL.

NEW YORK. August notwithstanding
steady realizing the stock market continued
strong to-day under leadership of Steel.
y which sold at The highest since 1t touched
and higher. several new high prices being
made with WesttnEhousc nj the head OF
undeftone were rmr',ors ,ha; MSrsa gan : ' ca.
were forming syndicate TO make a large
lure
t7i'l", rT1eSs were from tras,"n 70
ihEhouse showing the greatest improve
n"n, Brisk pgrchasiaE in the early deal.
nS, enia-Ecc tie advances to from 10
r"'h's Steel rising no ~. Coppcrs also
shared in tho bct,ermcnt
no strength prevailed M 20 the last hour
when the bears tried TO unsettle ;he market
eT circulating rumors that Germany would
declare. war with the United States 4:
large English security Offering were made
IN this country: Tho bears forEo, that
United States. so that American banker.
cou.c no' be SAID 20 be discriminating in
:. point in stec! to points in speciaities.
hu; closing figures We're substuntlally above
MontNys hnal figures
the Republic Iron and steel. although cN-
?ee,ed vas gratifying and was conhrmn-
business OF the independent steel companies.
Appo;p,n,en, OF receiver 70, the Mis-
,a!n and Southern failed 10 have u [opress-
ing effect on the railroads as had been ex-
discussed In banking quarters that the de
POSTS nnder the rsadjustmen; plan were
against hope remembering that the Mis-
souri, Pacific notes last spring were extended
Missouri Pacific rose nearly poir, in the
fac; OF the receivcrshp. Railroad shares
IN Income whf b. 10 ,hs ens
vile and Nashville and Burlington for June.
paed asking the ce
mission 10 reopen tho rate case also had
favorable influence.
InGIeased activity Of the industrial plants
IN p P''i ss5 Ts, resuitinE in larger DE-
shares. Reports tina, the back dividends
would be declared were also reiterated.
actcr,.;ics to days stock market again ira
versed familiar ground. There was further
or less neglect OF the standard railways and
recurrent weakness in foreign exchange.
toward the end OF tho session, receipt OF
500 ons japanese gold from canada and 4
inG Notation OF n British loan here !nfusing
some strength Into the general financial Sit
on he basis Of almoet l.ica.ooo shares for tho
day. but slackcned visihly later. United
son since 'GtI up TO AZ lis NEess quo
l.o7o,"a7 share. Tn" only stocks TO ascend
to neW record, wer" We.'inshouse at 1908:
Most other stocks I'm tho group comprising
minor equipments. industria!s and motors
gained to points few OF which re-
aimed tho close
There were signs that conservative Wall
Street Ia taking less interest in the move
r1eut of the war contract" issues and
financial institutions arc exercising greater
caution In their acceptance 81 these stocks
as loan collateral.
Foreign selling agNn Was factor, Lon
don's lower level ioI the American list he
!nE followed ~ further offerings here chicn,
of 'ranScon'inentais and granrers The carly
weakness In exchange caused . revival OF
future or foreign selling OF bonds on "A
fairly liberal scale United states - de-
clined !. per cent call.
NEW YORK. August .7.-Mc-cnnulc pa
per. 3k63S. Sterling, sixty day bills. $50;
fer demand Si.o5; for cables, Sis575. Bar
silver, 49,. Me vicar dollars, 35t2. Govern
R1ent bonds heavy: railroad bonds. irrer-
u!ar Cal! money. steady: ruling rate, -.