The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-01-19
SECURITIES MARKET
IS MUCH BROADER
VOLUME OF TRADING LARGEST
SINCE FULL SHARE LIST WAS
RESTORED.
c. 80. STOCK ADVANCES
UNION PACIFIC AND STEEL SHOW
SOME PRESSURE PRESUMABLY
FROM FOREIGN
HOLDERS.
HOLDER q.

New York. Jan 1s--Increase of op-
timistic sentiment was strikingly re
fiected in Wall Street today The Sc
curities market developed broader
strength and the volume OF trading
in stocks was the largest since De-
cember Is. the FIRST day that the full
share HIST was restored 10 open trad
ing with protective minimum prices.
Moreover, much the longest list Of
stocks was dealt in today since the re-
opening OF the Stock Exchange. The
movement Of prices was in keeping
with the broader activity and closing
quotations not only showed sucstan-
tiai not gains IN most instances. but
made practically a new high average
since the resUm ption of the open mar
ket.
Trading in the bond department
matched the dealings in stocks in ac-
tivity and the sustained hrmness OF
bond prices continued the most con-
structise argument on quoted values.
Bonds ruled higher than when the
stock exchanges closed and all the
indications are that d bond market
has begun which will prove the best
in twenty years. II is IN such invest
ment movements that foundations OF
a period OF general prosperity are Gus
tomarily laid.
Just as a token of the way things
are going mention may he made of
the fact that dealers expect from the
advance inquiry that the new st, Paul
issue of s2s. coo, 600 81 FIVE per cent
bonds will be a spectacular success,
A large volume of stocks, which wal
Street has been in the habit as re-
gaYding as the standard shares in dis
ftnc,ion from the issues which il pre-
fers to call specialities, provided the
stock market leadership of the day
Z. p. and Steel Under Pressure.
Union Pacific and United states
Steel seemed to be under the Influence
II some selling, presumably from
abroad and there were signs in the
foreign exchange market that such
selling had been conducted lately and
was continuing, but notice was at
tracted TO the way in which so-caiIed
international share advances, Con
spicious among them were Amalga'
mated Copper. American Smelling
Chesapea and Ohio and Reading
The particular feature OF this guar
tor was Canadian Pacific and its fur
Their advance to the announced re
tirement Of the remainder of the frs
mortgage bonds of the company, suG
gcsted that the possibilities OF for
eign liquidation might not constitut
a formida BILE obstacle to display o
strength In other directions.
Some OF the recent Industrial fea
lures were subject to profit taking
but they were not weak, and indee
the fashion in which selling was alb
sorbed was just as encouraging eVi
dence of the general market con
dition as the prevailing inward ten
dency Of prices.
Furthermore a variety of indus
trial stocks kept optimistic }nteres
in this department of the marke
very much alive.
Missouri Pacific Maintains Recovery
Missouri Pacific maintained an ad
ditional recovery and the course Z
prices in the Missouri Pacific. grou
Of securities corroborated rrfmor ahou
+ pending developments pointing TO Tn
inauguration of projects for Missoul
Pacific reorganization.
Well after the close of bushes
about the most important news
the day having a financial and bus
ness bearing was published IN VAST
ington advices setting forth the cour
try's foreign trades figure for he
cember complied by the Departmer
OF Commerce. Exports aggregate
more than s24s, 100000 and wei
within $4,000, 600 Of the December RI
cord made in 1912.
The foreign exchange market n
day was somewhat firmer again WI
demand sterling ruling around - y
81. but this firmness was the resu
OF the ability which our bankers nav
obtained to make loans TO foreig