Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-02
QUIET IMPROVEMENT
IN STEEL BRINGS HOPE.
Figures Rise to 40, and Closing Is
Firm nj Top Price, With Crisis
Probably Over.
ALL SORTS OF RuMoRs AFLoAT
There Arc Stories OF Pool Buying.
Banking support, and stock TAX
en- Over From Amsterdam Hold
crs ut 30, but None is Confirmed.
ny HRoADNN WALL.

NEW YORK. February To days sock
r-lHrkc' was III mt the opening Tho public.
s',uoc y, tho bedside watched its puls".
Str'i common. This nut,crcd around the
rev minimum c, tor halt an hour M 81.
nus tho condition of tho patient Wa. CON
>'dSr"d rrecar'"uS quiet 'mr'"N'm"1; then
Thcu IN, rise to to was Owe" more rapii
,rhe closing WAS frm At The TOR. and many
heli"vN thc crisis has passed
While tho recovery ir IN" price ~ steel
was a natural reaction Tor the stock had
dropped II points r week. AT sorts OF
banking >urrcr, and vague stories Of a
large block OF The stock hNinS taken over
il = None Of .hcse MINORS Could Nc con
'irmcd nu' distinct Improvement in son
umcn' was evident among commission
an carly Zip TO l'is.. there q S-p"int
irurc J., is believed ,hai nu,nrcr 81
room traders have been cnurE; on The
short side beading is sometimes referred
20 IS. tho graveyard o; tho boar, a i, has
hurled many pcSsi'''sts with is sharp ral-
lnterh"rouch preferred rose to -, Brokers
report vcrS small offerings Sugar stocks
and consistent strength in Mexican 10.
,r"l"unl carried the prtc" {" =. There was
,rolcum issuos the common advancing
points anu the preferred going from - TO
iend viii be paid. as the demand for oil
dolrh MS '.recr buyer of the stock
Sears .Roehuck sole 2ai. gain Of
more than 10 points. "A sequel to the 80
rcr cent extra dividend declared on Saturday.
2'A,. Unfavorabl" reports regarding future
business. were again current.
New Haven made quick recovery from
early weakness. rising from 49,. TO N9t
Union Pacific showed strength. The stock
Is boins quietly picked up IN ANTICIPATION
Kansas nYd Texas issues were strong or
the publication OF the December earnings
Nf sn.lA
Can took spurt in the late trading. rising
neary points on expectation that the
annual report expected tomorrow would
make a favorable showing. Western houses
sue. reported 10 have been ovcrsuhscrihcd
four ar five times. was favorable inilu-
cuce ii the bond market Quotations wcr.
,raciionaliN higher, although the volume o.
business vas up To last weeks iicu"cs
n M sms,ous 9rm iI is arGoreny wiims
anoy 10y taking mart in stock market "rcr.
common has found a level az which a fair
market can lee maintained. II * expected
;h"ro viii he renewal Of the general up
ward movement in prices.
NEW YORK February An advance IN
III" price OF finished products by one OF IN"
chief subsidiaries oi the United states
Steel CORPORATION. another rise In copper
metal TO The highest price since the out
break Of The war ard success attending IN.
public Offering u the Pennsylvania i;ail
were ovcrsuhscribcd, we're favorablc fac.
tors in to-day's market. stocks rose 20
: points over last Saturdays final quota
iions, hu; dealings were somewhat con
;ractcd.
United states Stcci early declined Ia its
new minimum, ~ .. made pArtiut recovery.
and then after .tnn"un cement OF tho higher
prices scheduled lay the Carnegie Steel Com
lAny. made .tcudy upward progress, selling
~ ~, aud carrying the entire list To its
hcs, prices Of tho day
Al ne metal shares responded to The
n"w high coprcr price. which was assisted
hr increased foreign inquiry. United
states steel. preferred. which sold ''cN
dividend" Of IS. pc: cent. was inclined :,
cas-" on carly but made more than ful,
recovery later
Money Tor all dates again was In FREQ
supply open rates being quotahly un-
changed. hut actually easier in special
Instances LONDON and all Continental e,-
change was nrmcr. with cessation Of
IN" recent demand Tor cables and drafts
Earnings Of the Pennsylvania system for
December wore unfavnrnblc Eastern lines
losing 81 ?il"" not and Western lines sGGI.-
- st Paul decreased Ss3' .NH Missouri IA.
CHIC $4,000 and Atlantic Coast Line s3lqnoh
Bonds were nrm; rejecting tho Inquiry for
tho new Pennsylvania issue United states
bonds were unchanged Oh call.
NEW YORK. February l.-Mcrcan,rc pa.
rer S-Ti sterling exchange. nrn; si<,y-
day bills 81 N!Si; for cables SlSil- for DO.
nand siSi"5. Ba; silver. iS'. Mexican
dollars, "'4. Government bonds steady
Railroad bonds. firm. Time loans steady:
siNty days. 2'2T2'.; ninety days. aNEi2. six
months S'."S'. Call money. steaGy: ruins,
rate,