Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-14
PUBLIC IS GREED|LY
DEVOUR|NC ALL STOCKS
Wall Street Is Just Awakening to the
Extent Of Demand Without
Regard to Prices.
BETHLEHEM STEEL CoLLAPsEs
Spectacular Stock Touches 1876, Then
Brcaks and Goes With Crash to
123-At Least Two Operators Said
TO Have Cleaned Up Fortunes.
NJ RROADAS WALL.

est stock niarSet Of .tnern;ionr wall
Street is only tns; awakening TO the extent
Sour rs' .onss wsou, T ess sF's'
Trading IN heavy volume again to-day.
s.I ro snsns , G on Sos2 sb to
Steel stocks came in for early attention.
Pacinc and 81, paul Then the copper is
sues were taken VI and dropped later for
fractions. The collapse IN bethlehem s,c.l
In tho last fifteen minutes unsettled prices
and started selling movement which was
suit. did not Increase confidence OF com
mission houses II the soundneSs % tho mar
ltet. Many OF the movements were highly
professional and Spectacular. Bethlehem
steal opened At 'c6l.. climbed steadily until
to II. Joe Chapman IS credited with clean
Ing UP about 500" on The advance in Beth
about - he setused to sell OF last Fridays
bulge. TO avoid his friends who persisted
Urea to soif ' eus and refused ' c,,ers' ,cle
grams and phoms calls. ne is shd TO- hSvs
up about 10000 also.
Jacob Field. who already enjoyed a rcpu.
conditions; has been ono OF the s,ronrc,st
believers In the present movement. which.
L. his Ss19. IL has ono e" HIS sFSn
American Car and Foundry erossed q.
hSa sssn Ss n,
ard 10 negotiating for another OF about 81
eH,'n Present earnings a., are said TO show
almost tho tuli years dividend on the com
mon.
Boston buying and rumors Of further war
orders, we,tinrhoure. TOO. was active. Tho
60 start tuyinr orders In the eauipment
e;oeks wt,hou, further inquiry. Locomotive
|, vi, all ono, Tor i :. no longer possible
elny ls rnsnufacturinE
Wherevcf possible se.n!,peculat!ve inter
and southern Pacific. standard dividend
payers which become more attractive rs the
sgnS IL nsys55
end Union Pacific was large enough to have
sssn o, ,sa, os, N an Ordinary market but
or buzz saw. Those who don, ike this
Kind OF stock market have tho privilege OF
standing aside. It Is very difficult, however.
TO find any justification FOR some .: the re-
looked upon as almost re safe as govern
,nent bonds II comparisons are 10 bc made.
NEW YORK. April l2-wnd and active
speculation IN securities was resumed to-day
ami fell within range OF ;! points and
r Clos WITH "a ne! gain @, point From us lis
points. but towards Tho cnd it's fail assumed
wider proportions. declining to l:3 and Nm
All branches Of the stock rs, which had
moved forward With bethlehem steel
earlier IN tho day were more less unse;
by the severe break. rome leading issues
yielding more than their gains ana closing
with net iosscs. Developments whole
were distinctly favorable TO the constrUc-
tive side. Including peace ruirors from Wash
inE,on snd l"sT onic!Sl quarters. additional
trade adv!Ccs Of encouraging character
and another large engagement OF gold IN
the orient Tor transmission here.
The bond market moved contrarly tho
greater part O.; tho session, It's irrcgulnrity
being due TO weakness IN some OF th- spccu-
lative issues.
United States bonds. unchanged on call.
ECw YORK. april ia.-Mercan;ile paper.
fi2. Sterling exchange, steauier. sixty -dav
bills. Si.,s3. !or cables, 81 ,?75. ior dcinnac,
St.1SI. Bar silver. 500. Mexican dollars. g.
Government bonds. steady; railway bonds
steady. TiInc loans, stronger. siNty days.
J,r, d.. -. TX