Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-11-09
CLOSING PRICES AROUND
LOWEST OF DAYS SESSION
Sharp Break Reflects Interruption In
Recent Continuity OF "Bull"
Thought.
MANY STOP LOSS ORDERS
Much Importance Placed In Tone of
Governments Note to England.
Kitchin's Attitude Piques Holders
of War Stocks.
BY BROADAN WALL.

NEW YORK November S-The sharp
break tina, occurred in the stock market
late to-day reflected an interruption IN the
continuity OF bull thought that had Its
inception when the disappointing quarterly
earnings OF the United states steel Cor
poratipn were announced on october 2S
Many stop loss orders especially In the wtr
stocks Nc-c rcpcr'fG. and ciostnF prices
ner" around thr lowest Of the ses'!'n
Opening prices displayed trrrrnlnr,sS' MN
most Issues showing fractional losses I'u.H
. Importance being placed III the t"ne Oh ; I'M
governments note 10 Ensinnn ron ono" ", ,, ,e
In that wipea out the overnight losses and
replaced them With gains that We're IN
i Kins Of IN nn ,nS TF was dead ,haJ P
gan was 'cai. ana that Russia was SUING
lTT nSnTc '%En aTnrs EsSomins mos, pro"
nounccd IL ;he last half hour Gains rang
were quickly wiped out and replaced VIII, With
substantial losses. I'll" weakness OF steel
common and its decline of nenrly points
ia few minutes attracted attention ann
inspired selling ~ ether standard issues or
industrial Glasses. as we'll as rails y, ne
clc., brokers Of tho opinion tina, stand
ard shares were selling at attractive quota
lions and advised their customers TO make
IL developed to-day that under cover OF
the recent ;rmncss Of the general market
some daring operators have gone short of
motive, Crucible and SiMarnaKeT aheS
around their high prices. ana showed large
losses: TIL" stcedy icr!ine In The war is
belief of lower prices for these shares. rho
socalled 'NViCrf crowd" OF market spccu-
OF the market. and said to he heavy
borrowers of stock especially Steel COM
mon. They were also reported to have h"cn
on the selling side to-day.
Holders Of stock were pi1ued with
the dispatch from Washington stating that
Representative Kitchin was opposed t. Pres
idept Wilson naval program, ana would
make a speech opposing II. Those specuia-
tors who ,u,r,,ha sei the war shares. believ-
ing that the administration campaign to
increase our army and navy strength would
supply American companies with war bust
particularly Disappointed. Much Of this dis.
appointment :ound its reflection In sales az
southern Pacific was in good demand on
the report that IT" PHnnsyh anta was ne
e"tiatiug |" sell its holding OF approximate
" si.olo.orc OF southern Pacific. The writer
learned that Bernard NJ. Branch has made
biz to the PENNSYLVANIA for the stock Tn
bid has not hysn accepted IN, {, has not
been rejected IN authority declared that
cutie & fow bids have been made :nr this
stock within the last six months hu, tn.
irattive 20 the PENNSYLVANIA - Ia accepted
M.ds,ie Steel hro"e, points today. when
th~ Remington Arms COMPANY 10 TIE Md
vale s,ee; and took s2oc61rc OF stock In
Euu,or said hts sales ;c,alHd icocoo shares.
United Fruit stock was active In stock !
Exchange ;o-isy for the frs, time In ahou,
eleven years. This Is the Boston sock in !
which the Wci;er stated EFFORT wouln be ,
made to-day To create active market. !
), ore time IL showed A gain OF over 5 !
SATURDAY Bethlehem steel At ore time f.
showed q lost O: Il rcin,s. hu, recovered
= changed. Railway convertible bonds were
Inclined 20 sell on in The ls;e afternoon
Ia. bond market, is " whole displayed a
good zone.