Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-21
MARKETS UPWARD SW|NC
IS AGAIN IN FULL SWAY
Speculation Shifts to Industrials AZ
ter Announcement Of Rock Is
land Rcceivcrship.
CLOSE IS AT BEST PRICES
Days Early News Looks Like DELHI
crate Drive to Smash Market, but
IL Proves Failure, and Public Abb
serbs All Stocks Thrown Over.
ny BRoAnAN WALL.

BY BROADAN WALL.
NEW YORK. April 60 days stock mar
ket closed strong. with the upward swing
again in full sway There marked
feeling OF uneasircss at the opening: copper
stocks showed strength. rails were irregular.
and steel developed an undercurrcnt OF n"r-
vousness. Dealings in Rook Island soon
rivctcd attention. the price began dropping.
and ruInors OF an immediate rcceivcrsEip 6cw
thick and fast When the announcement was
OF ~. points from Mondays close fhe cf-
fec; on the marke; was rs unexpected as the
news. speculation Immediately shifted back
to tn" indusuials' ana under Inc leao OF
corner. st,clS HNi motor issues. prices rose
with surprising Heavy buying in New
Havcn. etnanLtine from BOSTON brought a
Gpoint rally. Ontario was close second.
N.Y., Mn gam ~ pG.,S n NJ 5.t' IN
About > pcr cent 81 tho days business oc-
cured In the. Rock Island crowd Tn" heavy
trading which preceded the news 90 the re-
ownership looked Ike a deliberate attempt TO
smash the market. II fluctuations had been
In the control OF professional traders no
doubt this would have had some degree OF
succcss. bu; the buying power which has chr
the financial district and stocks were alb
sorbcd rapidly ns they Mere thrown over
American Can on; color to the rumor thai
the Whole movement was k'iG drive.
Uteh copper rose nearly points This
company Is producing copper az a cost OF
less than - cents per pound anu laSt lear
price OF about ISL. cents. Production Is row
on an Increasing basis. with "A wider margin
Of profit. Directors will NEE; on Friday.
when an increase In dividends may b" taken
Boston is growing enthusiastic on reports
Early announcement, is expected regarding
the sale ot Ontario and Western az FAVOR
able figure: 1t IS believed the road Viii pass
20 the i.acka wanna.
II was day OF wide price changes. "a.
on, drsP in RGsk lsann S ,s. 0s1 D
rise IT General Motors. and t-point re
covcry in Locomotive.
strong in the late dealings. a per cen;
dividend on the preferred Is looked Tor, and
a change Ia the status OF the common. which
Viii trinc these shares nearer dividend
basis Is anticipated TO follow board meet
Steel common moved within narrow linits.
1t IS believed short Interest has grown
up during the past forty eight hours
There is Considerable congestion in the
c!sitv OF handling odd lots for their fellow
nrokcrs The business has grown rapidly
within the pas; few weeks that T. has been
:; physical impossibilty TO repcr: prices q
to increase facilities. and the incGiEcncr OF
the public has been requested until TIE de-
Laws can be overcome. Outoi-toWn clients
are asked TO take note.
The Rock Island rcce!versh!p drew pointed
souri,. Kansas and Texas security holders
Within the next ten DAYS u EeceiNership
would seem unavoidable unless means can
be found TO pay such notchold"rs as refuse
plans FOR extension. ana some means must 10"
found
needs. 1t has been sueseste" That II share.
holders will make voluntary contributions II
might he possible to give some form OF al
JustHncnt bonds FOR ih- moneys advanced.
To-day's stock market LETT "a conviction IN
the minds OF many that Il was useless To at
tempt 10 hull the railroad stocks. The stu
alton in the copper industry is believed 10 be
unusually sound. and the steel issues isna
themselves readily to optimistic influences,
ana although strong efforts have been made
TO discourage further speculation IN motor
issues these stocks still !avo-it-s with
many Of the Western houses. Mexican Petro-
!eun acted ,,rticularly wei! to-day. and n
further sub. llt.sl advance would not be
surprising
NEw YORK. April e,-The stock market
session by closing with an almost ruo'art
tone after several hours ~ hesits ttsn and
.,rc.rtaIniy. i.ariy restraints we're fcurl IN
IN" ROCK Island :cceiv"rship. ana iti'!.er
tinted states steel shareholders. but trose
considerations wcr" -, aside In th- fnAl
.lolr when Rood o; fresh buying orders
lfich tho entire list, some important SHARES
making ncw record. Tor the movement The
~. ..lsc began with movement IN New
Haven. and !: spread 70 investment issues,
rhcrl to syscialti.s o: the class rec"ntlE neg
lnr,-d incIuGtrg Bethlehem steel, which rose
:, poln,s Il reached It's test when the cop
p.r began 20 show activity. New Haven :
fise OF Sr.cn points was arcowDa MED by 4
sair 0: 81. In Sew YORK Ontario and Vest
.ru. which - Cor,rO'.
Ronts irreg-,af. ghteny hecau,e Of loss in
Rock Island issues.
t'u!:eG STATES bonds unchanged On call
SEW YORK Apri! s@.-M.rcan,tle papsr,
'' Az siSHe,s * ;;s doiisrs 5;
5pyr-umen; b5ras '"sceacy. railroad bonds.
irregular Time loans. steady; tiE'y and