Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-09-01
|REAcTI0NARY TREND
is SHOWN BY MARKET
Buying Movement Apparently EN-
hausted and There Is Falling
OFF In Business.
PEACE HINTS HAVE EFFECT
Rpmors Are Tending to Restrict
Dealings in War Speciaities-Fur-
tller Heavy Liquidation of Railway
Holdings by Foreigners Expected.
ny BRoADAN WALL.

ny BRoADAN WALL.
! SSSs-NEW. YORK. August 3l.-Wth the
81 sexceFtion OF few specaltics. the stock
market displayed reactionary ten
dency to-day with falling on in total
business. The apparent exhaustion OF
the buying movement caused prices OF
most speciaities to decline an average
of > points. but the standard issues
n were nnly fractionally lower.
yrs conservative brokers declare that
1 hints OF peace are tending to restrict
business in the war stocks and create a
growing sentiment In favor OF the rail
road shares. This, however, is some
what offset by the steady decline in
the expectation of further liquidation Of
railway securities by the foreigners
HEAVY TONE SHOWN
THROUGHOUT LIST
Except for early strength the general
8 the session, and CLOSING price, were
only fractionally above the lowest.
TIL ,ylts. however an absence ~ ar.
ger :, ling 80 that there is no fear of
AN immediate sharp break in values.
8 baldwin Locomotive was one OF the
few war brides" to show strensth AMI
( points to the highest point recorded
since the sinking. of the Arabic. Stimuli
%Ih is 1 tSa, the
had booked a war order of $4,000. oOo
Talk of another pool hay having ,is,s been zen
in circulation.
Floor traders on the Stock Exchange.
most OF whom have been wrong
are again putting out shorts trying to
catch the crest Of the buying wave:
! the buying has displayed evidences Of
s slackcninc, the floor traders put out
shorts Heretofore, they have taken the
Il irrlA n
lower levels of quotations always found
ready purchasers. This is said to be
ord i:S slightly under present Quota
tiors arc said to he under the market.
announcement of an advance of lie.
parted strength to the oil shares early
in the day California Petroleum shares
leading With new high p prices for TINS
also higher. but reacted with the bal
ancc Of the list.
CONVERTING; THEIR PROFITS
INTO STANDARD SHARES
Many successful spectators in the
war brides are converting their
0profts into the standard shares one
commission house nart M bic, d'cinr@n er
val purchased Steel common for the
t., time since the present upward
THE coppcrs failed to show any snap
to-day, and In some quarters there is
much. speculation as TO whether the
gain prices at present levels in the
face Of the general belief in London of
sonser metal was around % cents 9
1 the London spectators turned
csh. but the American producers
put for higher prices with the ro-
at the latter held the umbrella
decline from that level 10 about
:, being forced in the end 10 &C
&c defeat and bad Judgment.
YORK, August 81, The sx,rac,,,inary
90 - ms involved IN the foreign exchange
IN again served "a restrnin' rpon
markc, activity to-day Win de-
al si5sig. and virtually all o.hcr
bills falling 10 greater discounts It
- might suffer severe dislocat:on an':
mediation OF many contracts by
forSisn selling Of american r..y, stock stock,
e. effect 1t l. realized the
tho European ohlir",!ons canno,
mo Of s n.sdta al r uS' % "" ,%e
Of millions Of ASiiars ana la l.; gen
90 to prospective leaders * high
sTienn securities securities, 49,. ,o.
Pools continued their activity in
speciai'ss hui failed ed. to sni;s' %mi,
Brake and S:ndehak"r displayed cs-
1i.itel states Stecl held ;enaciousl" 20 its
1feadcrshir. Drt was more :usc"ptibl" 10
realizing sales ana bear rr"ssurcs COP
price concessions Tor The metal. n:ijroad
shares were IN better demand hut interest
waS mainly In low grade issues NcW Haven
at ia gained lss. American ssS,eqr!t"s were
ing and Canadian Pachc. ..',us" quotations
received here after Lon'ian's close >!'rwcI "a
reaction.
Liquidation OF bonds FOR foreign az
count again the feature Of bonds.
causing moderate rrceSslons. United states
bonds were UNCHANGED Cnil
NEW YORK August 2l--McrcautI!n paper.
3kftSa.; sterling, siNty-day bills 81 j5I"; de-
mand. SIS: cables Si.SS.J, lsor silver 80,
Mexican dollars. 81 Government bonds
steady. l;nilroad bonds. irregular. Can
money. steady. Ruling rate . per cent.