Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-24
MARKETS UPWARD TREND
EXPECTED TO CONTINUE
thanking interests Are Said to Favor
Rising Prices on Stock
Exchange.
MANY GAINS ARE SHOWN
Reading Makes biggest Jump in Fig
ures-I,ond Prices Arc Shaded
With Weakness in Investment De-
mand-I.ondon Situation Stronger
nY nKoADAN WALL.

NEW YORK. January :3.-rradinY vas
quiet to-day. Prices mixed. with a re-
covery Mt the cIo.c The rndcr,onc was
nrm. and banking intcrests are believed TO
,mvo, Il continuation Of the upward move
Reading showed tho greatest gain. With
AN advance from i;iIa to i63S. Other coal
pressure were IRON not a. strong YIN, se'nS
ohio. Erie and Chesapeake and Ohio. Sell
Ing. Ing orders were also noted for foreign &c;
count In Missouri. Kansas aud Texas and
Western Maryland. which dropped sharply.
and In International Mercantile preferred
southern Pacific waH also heavy losing a
point and displaying an absence of under
Mi 'nSns g, nowsr This road probably
competition OF the Panama Canal and do
creased earnings are expected during the
Copper metal was strong. with sale. above
i ,no.,, E p% ! Copper stocks rose frac-
strength. Tennessee. copper. which recently
tseted. Ia believed to have turned for the
Traders rold Steel common. The quarter
~ statement TO bc issued on Tuesday un :
doubleday VIII max. of the most un =.
favorable HhowinEs ever published by the
corporation. hut It is not believed that any
further reduction xiii he made from the
present dividend rate of Il per cent quar-
terry Bethlehem steel continued IL. down
ward movement. selling at is,4. az "A non :
dividend payer and. with all the good ncwa
rnbi.hed, further reaction Is expected.
points, Mexican Petroleum held well. Fla.
Norabie earnings on this property are eA-
ANOTHER FURRY IN
VIRGINIA CERTIFICATES
Bond prices were Dhaded all along ;hc list.
investment issues we're not in quite as
strong demand az they were earlier In the
week, and TIC convertible :sues. notably
chesapeake and Ohio. Baltimore and Ohio.
There wa, another hutter In tn. Virginia
Deferred brown Brothers certificates that
carried the price TO G.
AZ London the situation was made strong
.r by III" announcement that the British
Lreasury would restrict fresh Issues OF Sc
'uritles This. II ~ believed VIII ma
,ssIiaIy strengthen the stock Exchange Pc
ELTON there a, Paris no Improvement vas
maintained during tho week.
WIN china. JapLn. aud other forcig n
countries scckins &c establish credits in
%ew York. the United States is getting =
bAnrs no doubt VIII be able TO hold ia
the future.
The formal dissolution of the Ilc< o., or;
gold pool. formed In the summer to handle
M, IN. foreign exchange situation. was Of
o. our banking position. and viii do much
10 encourage the purchase OF Investments
s'ork market conditions were much ,,n
n proved by The renewal OF activity in the
%arthe. Efa PSc i9i bS p Ths sS S In
central and Reading the beet kind
~ bSayi t di,piayins confidence and activity
N ranking quarters that have been OF
'h' stock narke, for many months.
on the Stock Exchange was relatively dali
ana the movement rpore narrow than re-
rom the outset en- further liquidation. com
tinei with bcnr pressure. but In the later
dealings ;he ltst made partial recovery.
London prcscrted the same low level for
American stocks. Baltimore and Ohio being
the only exception. with slight gain There
were Indications OF more European selling
In this market chen" "f the less active
railroads and some indus,rlals and metal
shares. The latter again failed TO make
favorable response to the higher price asked
Tor the raw product.
Although tho week end showed material
reccssions from the top level. the week NJ
i whole, VAS memorable for its greater ac-
uvi'y. Sa,cs OF stocks In that period APP
prchi'nated i.sN.prS shares. while bond
transactiohH on the exchange were close To
100000 From all trustworthy accounts
priva'es sales OF listed and unlisted bonds
were Tar in excess OF the latter figure
Trade reports issued by the mercantile
aScnc!th denoted improved conditions. and
the bank statement more than bore out
optimistic forecasts.
NEW YORK. January 23.-Mercan,ile pa
per. sisTt sterling exchange. hrm; sixty
day bills. I.Sc: for cables, fi.siS; for de-
mana. stsiSi: Bar .iiver, is'. Mexican dol
lars: 31n- Government bonds. steady; rail
road bonds Trm