Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-09
WAR STOCKS DISPLAY
REACT|0NARY TENDENCY
and Touch Highest Prices in
More Than Year.
DEMAND GROWS DURING DAY
Brokers Believe Action OF Indus
trials Reflects Switching From That
Group to Rails Improvement
Kills Two Birds With One Stone.
ny RRnAnAN NALL.

NEV YUEN. UNtONeT N."ScNtIlNPUT
the large commission houses after the close
81 business was unusually cheerful for
the railroad shares which they have occn
chase. but which have refused to show any
s!Eus of life. suddenly awakened and touched
:. The activity OF the rails ovcrshadowed thu
~"ar sticks, which dispiayed reaciiom"ry
Ii"r oi the indrstrials reflected switching
from that group into the rails lW ihAt
heavy purchasers OF tho iudus,rinls for no
rras"n except that they were conStit''t!y
advancing
Initial prices showed overnight improve
ncnt WITH bethlehem steel asHin At the
front With : new high record The dc'nnnd
Z, session and Increased Win the "nhanccmeni
n their quoted n,arke; values, Reading
r.ohigh Valley was also a, tn" front on
tho theory that the coal r"pdS should prof.
tn" Industrial companies dne i" the PRO
ducliou Of munitions rrnk lines Wcr"
nNF"h5'>"d h"r"n'r oi ~" mug 'tuPS pr'in
tseI Icy INC government and Nc heavier
. il'cse rras"us har" hc'n present for weeks
as"iu ~ wduoemenr t" purchase tho rails.
hgt it took an advnnc" In prices ia imn:esS
rms Gv"n TIC speculative ruhi' NhiIr
ID. sNurr advance is o&p""i"d t" "'.N's
i've brokers 'onk Ter . hrm market for tho
l'tou the brGkers .stnndpcu, to im
with one stone. first enabling th"u to
riaco .uo,c rails n collateral in their loans
= dcmaudec h' the hanNs gnd secondly
furnishing ur"thc, ue,iium for tn" con
iiuUtt:"n of commissions.
tar,c recovery cover /" day, day from ,mer ahrurr
declines of Wednesday. under guidance ~
lhe -eiiva}S mhiyn EEov"rnrd the 'n"ri[yt
irsrsrorta,on shares furnished tit" inns:
Impressive demonstrations Of strength S"ci,
in some months and was cvc,yWh"r" hailed
- welcome and l"h needed chang"
ir"r, IT." long period Of hectic trading
ia stocks whose values arc Yet to l." de
t"rmirod.
reatue was tn" most rna'riruou, TEA
OF the entire list. Us hes -; liiooo shares
ea,,"d,ms those ri every ether ssuc \;
ut',rr urtive rilwry> iur.u,ic,l ,'iie,..Io.,;>,.
- nhio 'ehigh ynu"y. ;h" Hy'rimam and
lice. New York central. I:rics and Sew
>poyial!es opened strong Wc-,innhouec.
r,i9r>. while Hpthi.hcIn steel rose o.. to
i'H new record OF 80. with live for The
,sr,I by losses Of .'s aud . respectively.
-.' .h' aud al tile session.
r's@ of ~, points n t" .,, 81. in Genera ,
tctliNG-. the Aperta"ul,'r advance. Oh
moderate offerings being acromplishcd'
rer!r,> OF " melon cutting" in the
"nemical is ono "f TIC many firms of It's
NY ynEnsed IN large contracts.
IN" largest Il amy Gay since mdsum-
y feature WINS tn" offering of two
'"NN lots oi the ne" Anglo-Frc.ch notes
Y> ihe Subscription price Total sales
90, bonds pnr value. aggrcgatcd $4,000.
"Ne' uW"ut bonds unchanged on vLl
Np', i"u"rs ri higher .. III idcnd Toy
i",k ',d Western FURNISHED Tn" inrcn.
49, Tor bnyiuE of that ISSUE ana Penn
Is.n'u In the event OF q alrger djsbursn-
nf 10 10y Norfolk anh Western. Pcnnsvlvcni
""uil h' No onie! Lcnetciary. as it controls
o.. property.
iN" advancing market has nccn a cr.sh-
. "ur (" the bucket Shops
Th" sock Exchange has decided that bo-
''NWs Ncdrcsu"y the so-''HII"d hulf stocks.
i'' "S Ee"iinG. P"nHsy lvahIa. Westint--
n>n- and others who huVr a pa, value
go yer >h"r" In, which arc quoted
l". d"r'i b" "U tia" basis -; dulInr. For
.'- r"'s"u .D"'uluJo's auG investors In,
sc" shares Sh"Uh! not become checked up
'r'r lh"E 'iincSs Reading Tor instance.
"'' lu. tape at - instead OF - Tor the
former represents dollars. ana. the latter
"E'$ H'neh'"Ss 81 pr Philadelphia com
'i"t HiFI'n arc other issue with 81 par.
.'Np@I stocks W"re Sfruu:; carly in Tho
d"}. tut subsequently, h"cumc renctiourrv
There has r".ontiv been some vow cnc,i
hp,mG Of criic copper. some peoplo ,.u
INK tho bonds aud rcIuvcsilng th,ir prnnts
d. ~" stock Persons familiar WIN this
''""w nys pans expect ii IN TING to To-
"I' "i 'h" greatest copper properties in
country. 49, the rnd of this year i.
i- "Npr,td to be treating 5000 tons OF n,..
o.. ana shortly thereafter 10000 tons daily
At- pound {. q. IA. Liverpool.
NV y%lt': 9e,,@,er Myrs.n,.e p,pcr
-''. as McSiran dollars. 49,. Govern.
n"nls ,ie"9y railroad bonds. strong
".y- 30 - months. "na'. CuIi mcney
D.. "R. "u.bS rtt', -.