Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-09-05
BUSINESS VERY LIGHT,
BUT MARKET IS STRONG
There Is Evidence Of Good Under
tone, Especially in Rail
Department.
OPENING PRICES IRREGULAR
Towards Close OF Session Market Adj
vances on Average Of Point Under
Leadership OF Rails and Steel.
Foreign Market Orderly.
BY BROADAN WALL.

NEW YORK. September i-Although bust
n very light scale. owing to the
absence from the city OF many operators
and traders. the stock market gave evidence
to-day OF strong undertonc. especially In
the rail- department where brokers said the
supply OF stocks small.
AS in Fridays session. ;ne railroads con
,inued to give a gooG account OF themselves
and Ohio. Canadian Pacific and Pennsyl-
vania all recording advances OF point or
Opening prices showed irregu'arity. but
changes were confined to fractions with no
important changes during the hrst hour
Toward the close the market under leader
ship OF the Rails and steel common. ad:
around the best prices.
The foreign exchange m.rke, Mas order
~. compared with recent fluctuations ster-
iRE exchange being only &c lever s,ux.
the company had sold roo tons Of
bi.1minops oai to Great Britain. 0 ,nE
Pittsburgh Coal common advancing more
Ia" we eSns Ta MhSh e1
large coal properties. Vas ai-o hiEier
enS a ina bonds
by foreigners the prices Of high grad" bond
s'i I'd sho Any 50 M enad sa, has
sprung up result Of the clim!na ton Of
normally high prices for short-,crm no,".,
which ar. d!vertinG >unds into ,hc bond
by CIT OF SM last %eek 81 "9s
nsted buying power in The bond ,nsrke,.
BY hs ,4s proceeds !" bonds fua'F'
h!shes, Price recorded since :eia when !,
soit a. :i3': Tn, r9rper,y. which pays
,to"k. is understood to lie earning at the
rae OF !! per cent a year
Can sui, failed TO have any Influence on
the company stock which VAS practically
unchanged from Fridays close.
Curb Trading !. Dcsuitory.
de- iltory character! owing largely the
and ou,sid. trader arc taxing aivan;ar.
Of A. result. Price changes wer- small.
hose sue seH ~hrh havs BEEN n the :e,re
-. tho market recently. IL s'ral
md The f': MeT@a Gn" MnT Ga.
shar"s continue! 10 attract the greatest ~.
,N.,e issues. prize movements we're ii,ni,ci
20 within roint.
NEW YORK. September An tn. "a.
r,iliar holiday aspects we're presented ~
,o.day,s 10 hour session Of the stock ".
regular in tho FIRST part. bu, became more
active ~ generally higher level later. with
numerous not gains. Dealings wholly
professional however. and represented 70 an
unrsusi degree tho weekly se,,Icm"n, OF
Yes,erday's revival OF interest,", In ne coal,
.n.F.s w,s renewed, those Issues absorbing
Fuel Norfolk and Western. Chesapeake and
ohio. Western Maryi1 nd and Virginia lion.
Goal and Coke were tho active features the
latter advancing -: points to ~. In tho
nal dealings, Canadian Pacific became ac.
W. and strong. rising points To ,5ii.
nlted states steel also made It's hiyh uuo.
ton al that period. selling 80. :, over
'HS'erdays close. In tire main best prices
%ete scored AT the end. the market then
shcwir "a strong undcrtore
Foreign exchange a negligible record
her" being very !tte dealing In remit.
idnces 20 Europe except few H!lls on Lon
"nlrh a an tot
Ihis WAS fraction easier than yes,~rday's
'i"se Among the days railway ~cturns
or July We're Great Northern. showing a
net loss az S5;i on With "a not gain q. So,
~" for Norfolk and Western. General trada
ports were more favorable
local banks failed 10 make the rrrdie,ei
trre cash gain. despite the heavy gold in
low: the actual increases being only sbom.
H''H", Th- bond market MAS Irregular
!th 'ota sn;es. par valIc. sl.iG5rr l'rttr,,
.tts bonds. unchanged on cal! during The
NEW YORK. September t-Mercan,,le ma
n'! 3."l'.. sterling. sixty. day bills. HsS;
or demand, N'd'5; FOR cables. s77S n,I
10 IL. ,fAIT.