Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-13
HEAVY BOND DEMAND
At RISING PRICES
Vast Amount Of Idle Wealth Seeking
Investment I'm This Form
of Security.
TRADE GREATEST IN YEARS
Money, Which Has Been Piling Be-
cause Of Crusades Against Corpora
lions, Is Flowing in Abundance
Through Wall Street Channels.
by BRoADAN WALL.

H.w YORK October 1.-THE unusual
sprc,acle OF n heavy demand for bonds Mt
advancing prices at tho same time the stock
market Is rising Is being witnessed by In
vcstrncnt bankers for the frat time In many
wears. Notwithstanding tho huge srcc'ia-
,ion IN war stocks. the demand for bonds
according to authoritative Investment bank
ers l. the greatest In about e'E3'
wears.
Heavy purchases of standard raiir"hd ana
Industrial bonds nrc attributed Ny bank
,ts Ia tho Good OF Investment money IN"
securities fc,loviuC tn" bursting OF IN"
am, ma, has been holding back Investment
funds Tor the last Ave Ia >iN years Owing
mental crusade against corporations N gen
GRAZ IN -cccnt years. investors NM, ,n
MS capital has been accommodating ,ap'di;.
armch Of the funds were temrofar,S m
vested in shor,-term notes 10y people who
desired to keep their money employed hut
4; The same they wanted them IN sSn,"' ,hnf
expected Ia get bonds cheap and something
thar could bc sold with"u; much dcpr""iH-
ton i'm principal Tho huge supply of 'dlr
inv ICED In ;hortterm mote. a. ,n" n 4'n n,,
Onotod mtrR,t values tor hondS began !"
look very attractive during the early sum
huge blocks OF American bonus l"
raise funds With which 70 sunscTihc to the
abled both Institutional and individual IN
which In Ordinary times they would not have
heen able TO get except AZ sharp advances
in price. The purchasers were also IN INC
unique position OF having the bonds thrust
IN them II would hive also tak"r weeks
20 have acquired In small. amounts BLOCKS
Of from 10000 TO 10000.
Tie quiet absorption OF the foreign cner-
iurs without any SHARP drop In prices I'M
pressed investors, who began 10 unload the
short-ternl notes prepuatory to rsirres'inE
In h!rh-cra bonds. owing TO tho record
deposits held by the banks and the desire
20 kccj them employed the sellers OF short
'crm notes found surprising demand Tor
.1,nI. 80. -4-,.- a ha q
progressed tho SUPP lies hogan diminishing,
and with tho smaller supplies prices mm"-
dnteiy began "a advance the gains running
from 10 points and best illustrated ny
Baltimore and Ohio. Pittsburgh. Lake Fri"
ana West Virginia division bonds, which
are now quoted at s3i2; New York Telep', on"
4'as, which rose from a3%. to a. and Sonth
,rn Pacific refurdinG +s, from SSHs 10 N'2.
Others have risen IL proportion,
Notwithstanding the rise III prices. In
vcstuleut bankers report continuation Of
the demand. which IS fully reflected by III"
quickness with which new issues are being
absorbed. In the cas-" OF the Si.WntoD
Hooking Valley notes offered last week by
the National city Bank ana Kuhn, Loeb &
than an hour when the issue had been sub
scrihcd about three times. The S0,ono cno
Brooklyn Rapid Transit per cent notes
offered last week We're also ovcrSuhsCrihcd In
few hours. Whereas Investment nrmr
found difficulty months ago IN placing new
offerings. they now busy explaining to
clients why they did have enough o:
tho Offer TO so round
Although foreign liquidation has broker
out nfrcsh the offerings are not expected 10
leu.anG, SO that Il continuation OF the strong
bond market is expected.