Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-27
DEALINGS LESS ACTIVE,
BUT THERE IS GOOD TONE
Several New High Records Are Made,
and There Is Strong Demand
on RccesSions.
GENEROUS OVERNIGHT GAINS
Market Backs and Fills Until Last
Hour Of Session. When List Moves
Forward Under Leadership of Steel.
Improvement in Copper.
ny nROADAN WALL.

NEW YORK August S,-Althoush deal
to t strong S tore prcysilcd ;hrourh"S5
;he session several new hieh records h"-
general expectation IS tina; the upward
movement will No continued early to-mor-
\, The opening prices showed over nigh
Gains Of from 10 points These werc
trading Before the first OF tn first half
hour however, ofttak.ng resulted in a
the standard issues AMI about points in
the war stocks Tho market backed mud
leadership Of Steel quotations again moved
fo"Wnrd. the close hctug near The best. Dis
witnessed owing to sales OF the metal Icy
large producers al i cents a pound. 'nd
ket for about % ona pounds Of copper
All the copDers were an average of points
Fenncs.e a"% Coupe Wien has Gniy been
making new high records. attracted much
70 tn" new high trure OF 60 closing At The
tor quotation Nearly ton points Of ;hiS
irsnsG G'en ire IN the 1s' ,s@n nu'@s
80 urgent Il. the close that odd 10, houses
AFTER the close o. business on tho Stovs
Exchange paid as high rs s Tor the shares
Report late mis- afternoon was ma, the
issu. Of between S2,oooonn and sSoolooo
hearing per cent 70 s.o provide n WORKING cap,
is which are redsenahie at los. and which
fall due se-ialy from December /. "i5. Ia
bonds win be convertible into stock =, Ie5
kailroad earnings announced today were
'htsiasm Union Pacific reported ar in.
crease in gross OF s2s7.6Ga and In net OF
$.5?ssl for July. hut these favorable nsnrcs
failed TO have any benehciaI influence on
the stock Gross earnings reported for the
third week of August by other roads also
Little notice was given by traders to the
esta h!ishment OF another new low record
sterling
The principai features Of tho Rlmei.y
T rr"vIdrd H plan wsre an1oYnced and
on ihe common an" OF 81 share on the
preferred Those paying the assessment will
receive good security.
OIL stocks were strong owing 10 TN, nd
yancins prices fot OIL. California Petroleum
Inent Consumpt!or has ovcrtaken pro
huctien in the California oil business and
upon It's accumulation of oil stored during
the recent depression following the out,
NEw YORK Angus, Establishments from
% 81 S,,.. sources that the Arabic episode
International friction furnished the basis
ior sno,her moderate upward movement, "a
day. Tradine was relatively quiet, except
in the opening and final trading, hut what
Il lacked in activity WINS Offset by greater
Metal stocks were in general demand
she!r strength being associsted with the
was the sensational feature OF he Erour.
rising by leaps and hounds Just before The
close 20 -. new high record. and AN
overnight gain OF ia. \ week ago Ten
nessce closed at i7',..
Starts Of the various steel and iron COM
paH'es made additional rasporse to nno,hcr
advance In certain manufactured shapes
particularly plates and bars. Foreign i.uv-
ing again MAS n factor in thi, Industry
more orders being received for British and
french account United States Steel was
under pressure. however, despite opening
gains OF n point for both common and cre :.
ferEed AT % and i'm, respectively The
common reacted later to '5is. and closed a I
'os: on sales of $4,000 shares
wa! shares moved uncertainlv scoring
carry gairs OF to ; points but making,
Ntte upward progress later RaiIroads wnrc
again negligible quantity their occasional
aoNance o: point being the siEual cn,.
near attacks Realizing sales reduced many
GAINS ~ the close. Total sales amounted
10 12l 600 shares '"
me critical state of the foreign exchange
htu,uon again was cXemplifcd In rene,yed
We3kn'ss Tor remittanccs to London Paris
; Rome. Demand sterling fell 10 the new
Recnrren' ceiling Of bonds for future de
;;iNeFE caused some irrecularity in that
!is, United States bonds we're unchsnr.f On
,EEW YORK. August 2s-Mercan,iJa nar.r
81. q ga Sterling. siNty-iay bt!!s 81 5o-p: lie
T;ahC' HH 'ables. 1850. Par silver 49,
MeN!caH collars s.. Government bnnds
stsL!E Railroad bonds Irregular ,,.,ii
'h"r"N stead; ruling rate -.