Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-08
STOCK EXCHANGE SEATS
ARE SOARING IN PRICE
Latest Sale Is Made at $4,000,
While One Broker Witlrdraws
His ut $4,000.
SIN MONTHS AGO WORTH Ss4 900
Cautionary Signals Are Seen in Va
rious Quarters OF the Market.
Signs Point TO Reaction, but ibil-
ity to Absorb Stocks Remarkable.
ny RROADAS WALL

NEW YORK. Arril stock Exchange
coats sold ur to $3.50 today. and ono broker
who wa Offering his at $500. withdrew
Six months ago seats sold $4,000.
Green lights" cautonary signals, can he
detected in various quarters OF the stock
market. Prices invite comparisons. General
Motors. no, paying dividends. sold at 49,
General Electric, seasoned Industrial. pay
Ing per cont. .old at -. Goodrich. earning
States Rnbs.r payie ' pcr nmt sod AT s
Bethlehem steel. not In immediate sigh, OF "A
dividend. closed al s''". while southern PACT.
MANY who Fortunate in gaining profits
IN mo more speculative issues. are shifting
10 other stocks until dividend facts catch ~
United Railways Invcstnen; emerged from
SIS recent trance, which discouraged some
stockholders and advanced points on tho
resumption OF cash diyiiends by the phln.
oclphia company. which 81 owns United
Railways showed over Az per cent earned ~,
the preferred las, year As before noted in
Is looked for during the months OF the 'air.
United states Rubber rose 10 IS nnd tho
needed to make these issues sprcula,!yely a.,
tract:ve with present conditions I'm tho auto"
Boston houses have been steadily arcun-
uintinE Missouri Pacific. The shares were
persistentiy strong to-day when other is
sues wore reac.!onary. a further rise to-
morrow is spoken Of
~ points should profit largely from 81,
cheap supply OF raw material. pool Is ac-
Steel common moves within a narrow
groove: With strong buying about tsh. and an
abundance OF stock Mt 90 Bethlehem steel
the close. Stockholders arc apparently WILL
ing to wait for dividends.
"oolworth rose to 1874 on renewal OF
dens. while Kresee Enin.d ~ in spite Of the
Traders called the marke, tired. and say
they detected ceiling OF n character which
usually prccedcs reaction. They admit.
however. that the ability 81 the market to
short covering brouEh, furry in Rock
Island. which advanced the price some /
The stockholders meeting on Monday. after
which details OF the plan 10 finance the com
preferred stock to which Rock island Com ON
pany stockholders Will be privileged sub
neeessapy fnSG, w so. hs TO raise the
Bonds were steady with continuation Of
quiet liquidation from abroad.
Tho longer normal rcaCtio'i In tho stocl,
market Is deferred the sharper IL will he,
Wall stree. reasons. aud tho sooner +, comcs
stubbornly refuse TO observe VIVA, they call
laws OF action and reaction.
NEW YORK. April 7.-ln-ssrn,!al features
to-day In the stock market largely a
repetition OF the day preceding. Prices made
further progress; though gains were, mainly
lions Of the last fortnight.
Automobile shares broke into new high
points. Petroleum stocks. fertilizers, the
smaller steel companies and numerous o,he'
miscellaneous issues Joined in tina, move
ment which again bore traces 81 professional
manipulation.
corresponding declines ir various special.ies.
including Bethlehem Steel. General Electric,
cuban American Sugar and more subordinat.
Issues. Rock Island and Missouri Pacific
were active nj advances. but leaders like
Union Pacific, United states Steel. Reading
tnu AmalSanatcd rose and fell alternativ.ly.
Local aud interior banks are once IN
the money market. longtime loans and pur :
chascs Of commercial paper constituting a
large part Of their recent operations
Bonds irregular with some decided gains
In Missouri Pacinc Il. Chicago and Eastern
Illinois IS and Rock Island dcbenturcs
United states bonds unchanged on call
NEW YORK. Ap,n Prime merc,p,i,o
paper, o'1 Sterling Exchange steadier: sixty
day bills $50 g.: for cables, Si19 So .or de
inhnd. A..s.S,. Bar silver. 5&i.. Mexican dol
lars; ~ Government bonds steady; railroad
bohas ;rregu"r Time Loans steady: SIXTY
ca! money steady. ruling rate.