Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-10
OPTIMISTIC CROP REPORT
GIVES MARKET STRENGTH
Niirrorcd in Gains Of From I 10 q
Points, Maximum Increase
Being in Specialtics.
LEADERSHIP IN STEEL COMMON
Price Fluctuations in War Stocks
Less Erratic-Initial Prices Dis
play Fractional Gains Throughout
IiSt-AutomobilcS Shares Up.
BI BROtD.iN WALL.

MEN YORK. August adjudication Of an
optimistic crop report BY tho Eove-nu'en;
to-day impaired strength 20 the stock mar
ke: Witch was mirrorcd ia gains Of from
70 points the maximum increases being
In the SpcCialtes. Price fluctuations in tho
way stocks were less crraric and Tho lead
dealings increased confidence in the prob
Initial prices displayed fractional, gins
throughout the list, Cruc!Olcs advance of -,
pam ehH snin OF 70 points at
made new hish Tor his movement. al
copper metal
although mos; issues showed fractional
nouncHd GHu. the afternoon 'ea'nEe when
10 tho highest price since 1915 when II sold
/; Sos.. TO-DAY i, touched ~. In the
last ht,een minutes nron,-,akinr caused =
prices were within fractions NJ The best.
An aralysiS OF the crop report shows TINT
and potatoes amounted to 6.ro'oH6 cp0 bushels
Ia.l harv">ts. In addition 20 thi, the irIi-
"n'cd Yield Of hay also shows = 'uhs,.,n.
broke. and bankers 10 rei,era,~ their ad-
vice 10 buy the railroad shares. for such
Sarrier! For ils the ' tai tg dispIa ,%G
Strength. bat this was quicklr dish0rsed by
Equipmeat COMPANY stocks were in do
In"nd ,hroHshoTt ne session Pressed steel
4
advance for me day OF ~. points Amer
lean Car and Foundry was also higher, :
Autoinobile shares continued to touch new
nigh prices General Motors advanced moro
than Is points, and Willys.overiand gained
New low. 'ecori prices Tor sterling eH,
revived runners o: impending credits :or
France and England Local bankers, how
ever, declared there we're no new develop
merits with regard 10 credits !or those coun-
tries.
dIsjrial stocfs asain ie;crmned I'll the char ar
actcr Of the stock market to-day. In early
certain \ .cw specia',ics rose buoyantIy
but m other ouartcrs restraint was imposed
by realizing sales. Til" disposition TO take
PROFITS Was apparent throughout. but inter
est IN war shares was UrinEcing. Their
sustained strength removed tho chief source
Of doubt ;he conduct OF tho market
and rrepnrea the ground for general ad-
We'll as ndustrials. Responded 10 :, broiu.
buying movement which continued 10 tho
close. Last quotations we're on . sihstan,
SHARES in,'S "'S"s' ''>'s ''''' S'' were $3.50
SEC! Issues were again tho tavort,c...
mark for the movement al "a. Among the
war stocks advances IN, some cases we're
petroleum shares developed pronounced
strength. These records were established:
Wnys Overland. 49, M ~. Westinghouse
Electric ,!4a., WI IS; United states Indus
Tho reror, that war contracts amounting
- more than 900 go We're to he let. was
USED 20 push M tho war order group.
steel TRAD. advances we're op,,,nistir The
crop report reacted favorably railroad
shares being letter in some particulars than
expected.
There was unusual break in exchange
rates. Exchange on London declined to
Si1J'z, new iow record TOR tho war period.
Exchange OF Paris also reached low
record at J.1i.
Bonds were Irregular. Total snles. par
United states and Panama bonds adj
var"cd :. to 1. on call.
NEW YORK. August s.-Mcican,iia raper
l-S"} 81. sterling. sixty-il,y h.lls g .6sh
for demand. Si.15iD. for cables si5:.j Bar
silver, ~ Mexican dollars. 3s2. Gov
erum@nt bonds, strong. Railroad bonds IL
regular Tine lntrs. arm: sixty DAYS ~
ninety DAYS c,.d5. six months 3MT2i: Cali
money. steady. Ruling -ate