Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-15
RECESSION IN MARKET
CONSIDERED HEAL THY
Natural Reaction, Following Recent
Prccipitate Advance in Railroad
and Industrial Shares.
SHARP BREAK NOT LOOKED FOR
Signs of Pronounced Weakness Lack
ing-.idyancc of Tennessee Cop
per Attracts Much Attention.
Good Demand for Bonds Continues.
NV nRo.D,S WALL.

NEW York. October 1.-THE stock mar
kct had natural reaction today t9ilowinE
road and industrial shares Although tn"
general list closed win most issues showing win
the recession a healthy sign. The orderly
manner IN which quoted market values re,
coded was also considered indicative OF
umaerlyinE strength. .,
Initial prices displayed strength With
points Be,hehem steel touched the nov
high record OF 40 in the early dealings.
which were irregular owing tu the Offering
OF stocks fot foreign account as vel as
los specuiators with large profits. IN" nrS'
lay. when prices of standard issues r"C'Gcd
from - : points from best. orders uni"r
bound, offerings Increased In the las; hour
and quotations rcccdcd TO nc2r the previous
All signs OF pronounced, weakness. how.
evcl We're absent - that o"nSsrN2ti'e
Advance OF Tennessee copper To within
i.aif point of It's PREVIOUS high recorI OF
stood 20 lc in anticipation % developments
that arc expected - he announced when
prove authorization OF 100000 of bonds. OF
which $-p10a1 is TO Toe issued Ia pr"vid"
ing and for expanding IN" company 'r-
pagty TO TAKE care of its erowinr business
ovrs T." realizing sales
Third Ayeuur stock touched tho new high
committee considering dividends viii to-
moviow recommend 20 the directors III"
Consolidated Gas continued upwart re,
distribution OF assets.
Mo,or shares ,wcrrc strong in the early
preferTsd, touched new tops, while tho com,
mon sold Within one-eiEhih OF the previous
reached new territory. AliIs issues rcceted
In the late trading on pront taking
ny announcement in private dispatches 70
Washington DENYING that General villa
cr,y unless operated. The shares we're also
helped by statements from Washington ,nat
Cairensa of is rft!riai rccGrnition IT the
Observation-Disclosures, Navcrnincn, \ good lie
mand for bonds continues.
NEW YORK october i4.-To-dny's narke,
vas DISTINCT irfesular when not reac,
fac, attributed to further foreign selling.
The same reason applied 10 United states
showed decided pressure Mos, Of the cop
pers also met tho same fate. and other issues
Motor stocks the only features OF
strength. with The following ncw records:
WHY'S overland. -: Maxwell. first and soc.
ono preferred. "a. ana -, respectively. and
Studrnaker. - other nGW. records IN
+2': tho preferred -: and south Port"
Rico sugar. which added . points to "s
recent phenomenal advance at 40
Many OF these gains were reduced or
t!rely ob!;eratcd in The las; hour. some
substantial net declines. General Motors
Baldwin LOCOMOTIVES American Locomotive.
General Electric. CrUcible steel laCkawauna
steel and Continental can We're heavy to
weak throughout the session. Final deal
:ugs showed renewal OF selling. with
prices at their lowest average.
BONDS wcr- again irregular. weakness in
some quarters being otiser 10y sustaining
strength in convertible issues. Total sales.
ptT value, aggregated Si.77.,o0h, Government
bonds Were unchanged on call.
Mem YORK. October N.-Mercnutil, paper.
5F5':. sterling. siN;y.dny bills. iif2i0; II"
Sls1 y
Mexican dollars. ;si3 government bonds
steady; railroad bonds. irregular. Time
loans. trmer, sixty days. 2N.I1& ninety
days, 8, siA months, Sp3i.. call money,
,'c.GN. rulrg rAte ~.