The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-10-05
btIHlER[n STEEL
SCnAPES FOUR HUNDRED
Gets In Half-Cent of Fourth Century
Class Before Upward Rush
Checked

New York, Oct An spite of the
fact hat tcoay was generally a profit
taking Gay in the stock market from
the ciang OF the gong in the morning
until the close at o'clock in the
afternoon. several new high record
prices we're made among the so-called
war brides
Bethlehem Steel common rose
"a IL points to 1913 IL, the highest
figure at which it had ever sold dur
Ing It's market career. Some disap-
pointment was expressed by the fol-
lowers %? Bethlehem Steel that ii did
not cross OF touch the 400 mark miss
ing il ny just ons-half point The
dlacontented ones. however. had the
satisfaction OF knowing that had not
sharp reaction set In just as Bethle-
hem was hitting the high places
that it was in IA fair way to bursting
into the 40o's
Slightly Smaller Sales.
Total transactions today amounted
, to 100000 shares, which was some
100, 900 shares less than the smallest
day Of last week. This was to a
certain extent made up for. however.
by the transactions of the first hour
which were around 450,0 shares,
which was at the rate OF a 1850. Goo
share day The slight falling off in
trading today did not mean that Wall
Streets tired clerks got away any
earlier tonight, as lights burned in the
tall office buildings till the wee sma'
( buildings clerks and accountants could
be seen munching the food which had
been brought into them,
| General Motors gained ten points
! to $50, new high price, and one that
makes the stock really sell for 41o, as
| 1t is now carrying $50 dividend, re-
Gently declared by the directors OF
the company. Bethlehem Steel at the
close was selling at 1916. a twenty
point gain over Saturdays close,
Willts-Overland advanced to 237 a
NEW high record price and closed at
I233. a net gain of nine points. Ameri-
can Car and Foundry. which rushed
up eleven points on Saturday to 96'
advanced to SO today but closed at
80 IA. a net loss of "a points. In
iternational Nickel babe fair TO equal
the record for advances 1t made on
the curb. 1t sold as high as 233 Ia
and closed two and one-four points
lower. showing an advance of nine
points United States Industrial
Alcohol. for the first time since it be-
gan to attract attention as war
bride" crossed par, selling up to los
and closing at 1903 Ia, an advance OF
nine and one-half points for the day
Railroad Squirt Short-Idvcd.
At one time during today 1t looked
as though the railroad issues might
be coming into their own and fol-
fifteen minutes or so the activity II
these stocks was above normal Like
every other movement in railroad
shares which has taken place re-
Gently, however, the squirt was short
lived and attention was once more re-
directed to the more swiftly moving
industrial stocks and the tips which
were being circulated concerning
them,
Towards the close OF the market a
sharp reaction set in and prices in the
war stocks and the more stable rail-
road and dividend paying industrial
issues receded sharply. Baldwin
Locomotive. which had sold as high
as 1877. dropped back 10 100 IL and
closed at 121 Ia. a loss of 4 ga
points for the day. American Loco
motive declined from IA 1-2 to 20 and
closed at 70 "a. r. F. Goodrich
which had advanced to ~ Ia. de-
clined to Is Ia and closed one-fourth
above that figure. showing a loss fol
the day of one and one-four points
Westinghouse. after advancing to l4l
"a. a new high record price, dropped
TO 1913. closing at "a "a. loss OF
three and threefour points for the
Gay.