Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-11
STOCK EXCHANGE HAS
MILLION SHARE DAY
Crop Report and Western Rate Case
Rumor Contribute to Bull
Market.
TREND is EVER UPwAR
Standard Railroads and lndustrials
Are Strong, While War Issues Are
More or Less Neglcctcd-NIany
Spectators CaShing In.
ny BRoADAN WALL.

MEN YORK. August '"-overn'cht dices.
tion OF the eorernmcn,. crop report. coupled
interstate Commerce Commission had do
cided The Western rate case i'll favor OF tho
decision resulted in a million. share lay on
the Stock Exchange to-day.
From the beginning to the end 81 trad
Ing tho trend In the standard railroads and
frdustrjsis was upward. Dealings in The war
scale than recently. and except for early
strength their tendency was downward.
spectators have been casting their paper
profits and reinves;iur in The railroads
& n the untitled orders Of Tho United s,lt"s
Steel Corporation resulted in a buying way"
highcs, price since 10 In tho later af,cr.
mon. when Union Pacific showed a gain
profit taxing dc1aiopsd in large vo,u,ne. '', Re.
s. go,, IL hsshnes "s an "'%r@sS Of point
ever was evident. at tho close.
Declaration ~ the regular Quarterly iiv!-
In chat i.su" to cover They wer" forced
TO climb Toy n" stock. forcing !, up nearly
within all eighth of the best arnrc :nr
Wi;h the expectation of h.sher rates and
bumper CROPS the outlook Tor the railroads
Is considered to have improved vas,l: War
in the tirst hour hu, as the standard rails
anG !ndustr!als gained momentum upward
larry true ~ Pressed steel car. witch after
openins a; - gradually declined and closed
We G9p1sr net sna gss 81 ikca rG Tfiy bu, rem
me-. go. corpsT co ir, in demand and
'S%s on TAX o: ali tao reased disbursement to
francs, to new low records attracted atten-
lion but there were no new developments
regarding the establishment OF credits In
America FOR England and France.
mos, substantial aud enduring character
contributed to to-day's very strong and
active stock market After yesterdays
that the Interstate Commerce t,omr.is..om
probably would grant increased freight rates
!" N" t"oS5"re railroads iraNerssns tho
western section OF the yonntry This re-
known railway issues. including hard ami
soft coal shares TIL" extent 90 the pos
r.,,l.,, rate inC,eaf" Is !e; matter Of
ceef on the theory that very cousderable
part Of the demands OF the railroads would
Canadian Faoinc gained sT points on tho
a, i, late Yesterday, Of The main
the action was criticized in CONSERVATIVES
quarters Even minor roads Ike Erie Rocl;
Island. New Haven and Chesapeake rnd
ONO participated appreclahlH In the forward
United states steel common touched .6a,.
rs best prices since ~? The price tel hack
over a point when publication OF tho Jul,
unified ,onnase statement showed an in
gain had been anticipated.
Mar speea,ies We're M, entirely noe Iccted.
General Motors. common and preferred at
p. and 9"i:. respectively. Westinghouse at
10. Wtl>yE Overland AT lO and Stui~Naker
~ s1's. Tho latest turn to events In Mexico
was reflected in the strength .: Southern
RACINE, American Smelling. Mexican Pc.
iroleum and National Railways e. M-Ni,u
impending imports az gold from London.
VIA Halifax. Without effect on tL,,
weakened exchange market. demand sterling
falling 70 the nov low OF si75'. while
checks on Paris BROKE 70 The: new racor,l of
SIS. Italian exchange also coprociatad -
the new low record %! $685.
BrrGS r,ta
United states bonds were Unclaimed o.,
call.
NEW YORK. August lO.-Mercun,ile pane-
S'sG3% Sterling. siAty-day aiils. si30c: lie
MaNd, Si.535; cables, 81. Bar >ilvA- AS.
Mexican dollars, Sc. Call money STEADY: