Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-11-21
MARKET IS REACT|ONARY
IN OPENING OF SESSION
Trading Is Light and Speculative
Element Hesitates to Make
New Commitments.
RECOVERY IN LAST HOUR
Attendance OF Bankers and Brokers
Cut Down by Yale-ilarvard Foot
ball Gamc-Sh0rt Covering Before
Close.
HY DROaD.tS WALL.

NEW YORK November 29.--The stock
market was rcactionary In the first hour
OF the short session today. but recovcrcc
in the last hour. Trading was Hight. wing
!" an indisposition by the speculative Gle
ment TO mako new commitments until Their"
is more evidence indicativ" of the trend.
The attendance OF bankers and brokers In
tho financial district was light. owing 1" me
Yale Harvard football game.
initial trading was duh ":;.i unintcrHstns'
slight fractional losses and gains being about
evenly distributed throughout the list. As
tho end of til" first hilf-hour the pio'"N
sionas attempted to raid the Innrk"'' , n",
only succeeded In depressing prices i'ni'
- 10 | poin, War stocks were heavy MIN
"A. continuation OF s,"ndy offerings ~ tH,h
win Locomotive, which a. one iiinc shovel =
loss OF nearly 4 points. i'e'h,"n i,l va,
was down II points on the sal. 81 W" Sh"r"9.
and caused fl general recovery ~ ~. stan,,
ard issues. In the rebound. "iI 'hhr"S ai"
several apecif lilies were prominent nmh al .
vancei sharply. y good tone rreN"''"o az
the close.
Copper shares were fractionaliy lover. not :.
withstand!ng reports al incr"u seh huNin" OF
opner metal ana an additions! advan""
OF &c :. pound t" 1880 Predictions 81 &c
pound next week are being made bv i"'c p
Ing producers
Dealings in Dis'rers Securities corp"rs.
ton stock were heavier than ~ any other
speciality. ana q, advancing prices. There
seems TO b.. y difference -; "piii!"n among
me directors relative to tn. Inaugural iuu
Of the dividends. One director j. authority
FOR tho statement Hat payments to shar--
holders VIII I'm all probability b"vtm In 'h"
~. per cent. Another director D. IL idF""
NJ putting earnings back int" III" prop
.rty until & j. reasonably certain Of On
tsnuing payments Once th-y AZ" ~'hfuh. som.
interests identified with tn" company favor
paving a lump sum WITH subs-quc nj quar-
,eriy Distributions. Blu, on" thing Is cor
tain. according to\ most directors and that
is earnings are aumicicn, 10 begin dividends
Higher prices for oil stocks reflected the
steady ndvanc. In tho prices ~ "i! TcSa-
company stock WAS ~" f-Dtur" 81 III" oil
group. with an advsnc" ~ nearly points
20 new high record. California Petroleum
shares were a:.o In cage" demand. IN. com
mon and preferred advancing nin"s, :
points each Mexican petroleum rose J
IN. bord marie, wq. strong
sew YORK Noyember p weatnas. IN
war stocks and Kindred sp"e!ai'i">. which
issues, charAc,erized The Meht d~aitnss OF
;o.day's short session som" losses veg"
largely retrieved before The clos". while oil
10 points FOR TcHas Company ni -o3
~ th-tr e@',.in" declines H"tAi"nem steel.
Stakeholder WHY'S overland ana EaldH ~"
i.ocomotiv" w"r" from 70 70 points und":
,t,t~rdays clos-- '"rpers Ns" wer" beck
ward. United state steel i-i-,i't pressure.
and rails in TIA" avc,'u,ent division we're
I. p'ln' or more, ho"u short r"t"r'nt T.. -
but The close was irregular.
The day. news Included rcpor's from '""r-
"ant'ie nG"nci"s. which fully confirmed
and a. Wider distribution ~ most classes
"' merchandise. ti.is condition icing logical
~ accompanied by greater activity ~ many
lines of industry particularly '"N'il'S Bet
i.rNcGt also i reported IN bsUl collections.
uI'h Increased demand for money.
Indications point to another advance IN
most Hni.heh .t"rl nr%dnc'@ ana 1, y rr~-
dIc,od that hign -rrade '"pU-r VIII cross
- ""i'ts during III" coming Week
several Standard oil subsidiaries aruouuu -
e further !is. 'n pric"s Il oils. STOCKS or
'ba; calibcr hay" 'be~n the feature 70: tn"
w,cE tN- "g'h.
Instead OF IN" lnrg" gain IL cash. hieN
local BANKS 'yer" "Npect"I 20 snow on the
''e2I's business nominal d"cr,aS" O.s
reported. WIKI virtually no change ~ ac:Ial
f"s"rV'S
Pond, we've falr', hrm during the week
showing uI"f" or i-ss iuG"pcu4"Ulr ~ I've
wcvrment In stock. T,-day's sales totalr1
5000" par value. rui,"a S'et-s bonds
aud Panama Issues were higher 10y B.. SO I
per cen, on can. daring the week.
NEW YORK. November @o.-Mcr,aut.i- pa
Yer. "F'3',. St-t'li"r >IS'y-Gty bi!l-. /; -:
Tor demand. si|.in, t"r atGi-a 81 SIS Bar
'.!ver 5r.. M"M.ean dollars. 11a. Govern
m-rt bonds. steady: railroad bonds. trrr.