Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-02
LATE MINOR. RECOVER|Es
ON VERY LIGHT DEALINGS
On Armenian" News Stocks Open
Generally Below Previous
Close.
WAR ISSUES sTEADIEsT AT FIRST
BY Midafternon List Does Not sag
Much Under Opening Prices-EN-
change Will Remain Open on Sat
urday.
by nRo,nAN WALL.

NEW YORK, July 1--on tho Ar
menian" news, stocks to-day opened
generally below the previous close.
blu; in the latter trading there We're
minor rccoNeri.S on very light deal
ines. Two-tifths OF the days business
was done in the first hour. So, that the
dullness which ensured may he imaE
:ied. War issues were the stcadicst
IT the opening, but rails were off.
Miami. which was cNceptionally ac-
tive and strong all day opened up y
half. but tho rest OF the coppe"s lost
fractionally, with AmalGamat"d down
81 SmeltcrS and Mexican Petroleum
showed the biggest initial losses, ii
and l-2, respectively
BY midafternoon the list did not sag
much under opening prices Steel re-
manned within RANCE of half a point.
1t would seem possible declines in
Steel on moderate foreign liquidation
look in the Steel industry War-order
talk lis being used TO the utmost To
boom American can, which led in ac-
tivitN. That stock began NJ - 4. ran
down 70 - i -, recovered 10 - j-N by
1850 and closed At - e net gain of Is.
After o'clock the United states
Rubber board announced news that
satisfied the ploomiest hopes OF the
common stockholders by passing the
current guartcrly dividend of 9 per
cent While the explanation by Pres
ident Colt seems plausible enough. II
hardly serves as Qualification for the
stocks actions on the exchange lat
terly. Somebody not the general pub
lie, apparently dad wind of the radi-
smell Of burning rubber Is a mild SEN
sation compared 10 the bitter taste
left in the mouths Of the company,s
house circles is none too savory.
American Coal Products rose 10 to
is understood a big stockholdcr re-
Gently gave an option at par on 5000
shares TO group of bankers. The
stock then went. promptly below par
slider suffered a change of heart,
realizing his holdings were worth more
than 100 and withdrew his offer to
sell. When the news came that he had
limited transaction The company
is making good profits, and earnings
are estimated ut an annual rate of
90 per cent.
or3 of the Stock Exchange that there
would be a session on Saturday was
a disappointment only to the 81 brok-
crs on the floor, the employees on the
exchange and in brokerage Offices.
Vigorous protests from the wire
houses and from the association of
stock exchange partners against clos
ing accounts for the action taken.
News that Rumeley preferred share.
holders would be assessed SIT "A share
and the common :? share sent the
latter to 23-S. compared with pre-
viouS closing prices OF II Is and $
This year the common has sold as low
as rs and the preferred 10. Mis-
souri, Pacific. whose REIMBURSEMENT plan
will he announced early next week,
declined to 6i-i, or is under the low
est price III the history of the system
Wabash Pittsburgh Terminal first
mortgage bondholders. who face "a $500
assessment per $1,000 bond, saw their
issue sell for slo.S7 l-2 to-day
Bond liquidation for foreign account
to-day. both on the exchange aud in
the outside market, was the highest
this week, totaling about half of the
volume on Wednesday. Pressure from
abroad. however, is expected 10 con
tinue until the lists for the British
loan are closed in midJuly.
peclnI interest were altogether lacking in
today stock market which Hore ,hr usual
regularity. 50 far outside DEVELOPMENTS
wcr" - irctoI, foreign exchanges exercised
Armenian causing renewed apprehension re
Earding relations between this country and
Germany Domestic VAS mostly .aNor.
able. includins the governments report on
cotton.
reassurig and adv!ccs from industri,l cen
tres reported st"ady Increase in the out
put Of stetl ana iron.
Railroad shares OF the nigh-Grade class
.n9ved within i vsrE nt.rroW limits wsm a, a.
apethetic. The h11nck.i-, was heavy on very
moderate trading.
Government bonds, unchanged on call.
NEW YORK, July l.-Mercautilc paper.
3Isi5. Sterling exchange. steady; siYiy-day
pills, S,7.-5; for demand. si.,..5. for cnLlcs.
s4.77!o Bar silver, ~. Mexican dollars
81. Government bonds. steady; railroad
bonds. heavy. Time loans. soft: sixty days,
80. Gail money. steady. ruling rate. Is.