Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-22
BANKERS AND PUBLIC
RUN AWAY WITH MARKET
They Take II Away From Profess
SIGNALS, and Wall Street Sees
Real Bull Movement.
IT sAvoRs or oLDEN TIMES
Upward Trend Likely 10 Continue
Until Carrying Of Marginal Ac-
counts Wcakcns Technical Posi-
tion-Hcnvy Foreign Sales.
nv nKoAnAN NALL.

By BROADhN WALL.
tho SEN Ii y, ToEK !ampary ?lmyss,ors ,%oi
WIN ,t,o,s m roS,a o" "a" nrI,c,
that snvored of nm ld-nshioncd hull mar
~, T h9nhon sold iullN 800 shares. ~,
O. water on a Try sponge
Pennsylvarlia. one of the most widely hcid
OF the railroads. gained ~. Union Pacific
rose ross nor, more Than point, nnd Great North,
mis- activity Reading was almost over
One Of the surprises OF the day was tn"
heavy trading I'm Fri" tho stock ADVANCING
the foreign houses 1t is believed in som"
quarters ina, mis- buying IS ror account Of
before the marl5e, closed ~ luly. The
strength ~ the common stock has drqwn
around s.. and worth probably " or -
points moro thon, he common shares
cihc. and ~" stock dropped \ point on the
nnnouNcrneut thst Tho Could interests would
sues advanced sharply. the common gain
Ing points ana tho preferred T. This is
iinraoas, In this roIumn IN" company's
,nancCs no donh, wiz 80 !%"rsnn2cd with
out injury to IN" Stockholders
Copper stocks wsr" active advance
IN ~" mc'al 10 ii%c. ana ruiuors tina, tho
chase IN additional sc5oeo.o 55 pounds G,nN
rios" to y and Smclt"rs gained point
IN United states steel common CARRYING
the price above q. orders are understood
i"en In ,ho d" s'o G MaEca 1T I ratr THi
fnads further gain to d2 and California
mon AND rrercrrad was strong These is
fu"- are acting wei! and promise further
Improvement American Sugar ros" points
and Bethlorem steel preferred continued its
advance. closing al io''s.
a. 'hA figure ;he stock appears to b. IN
ahurdHnt supply. Investors hay" hccn M.
The price advanced ron, to-day This
s'oc, stiil carries -, rcr cent back divi-
Kansas CITY Southern earned oyor ~ per
ccnt asst year. md business is Improving
with tho opening OF tn" Panama Canal The
i>Cnr>SI>" i> TFRT>r
~ SPECULATIVE ISSUES
Co." YIN ingreasinT intGres, in the more
continued thcIr rccovcry. crossing g. Tho
lmNiuG In thi- issue is distinctly good
Wabash. rItiSnurvh Terminal nrsi d al
Nanrcd to . and Chesapeake pnd Obi" con
y"r'ihl" as rose FROM 737> 20 49,. Third
Mvoane adlMs'm"nt 'S an aa,tractivr iSsu"
WY adjustment : gained point
Send brokers rcpoi; greedy demand for
sco"nd grad issues that si> week, ago wore
Utmost without hii. Speculation has madc
lo' than is apparent In IN" dealings in
Wall Streets ~, hull market ran from
irlc IVA, few ot The present generation have
In professional rirci"s is rcstric,cd ny lax
ct, funds nnd nnry" The pnhl'e and IN"
tho hr"kcr<. and the advnmdc may be eN
r"ct"d TO continue UNFIT tho CARRYING ~
SECURITIES on marginal accom-, wcahcns the
technical position
new YORK, January ., Stocks had their
day. lcspit' persistent profit taking In
standard shares and further professional
"a a "A .
ross WAS Slightly larger than on Tues lay
Fen OF greater imporiancc was tho steady
ac,i~i'y AT higher prices WAS again note
worthy Another feature was the broad in
~ wcil us iudustrlais Free alsorn,i"n Of
h,Fh grade 'ndnstrials and utilities on
N"l"pment OF IN, day
Activity slack"ncd arprcciahly In the !a,c
a. The Convertible - aud is weakened i'm
connection Win ruin"rs that the Could
cuts control Tho rest II the list ca,cd
OF irAct"uallv. hut made vigorous gains he
Pa0uc ne iinrri,nnns and anthrt"i,.
thnirs' 81. 81 which then registered best
Monetary conditions were virtually nm
ShmnEs" :" iIf as "pon rates were CON
prevailing ouo,s,iors .irhi months, nov.
heing offered al 81. per cont
Copper metal made another advance. nnt
material extent ia IA" metal -nurrs
iarf"si since tn" re"rouing of that markct
h@n if s tn Fen .l. adypgra prGror,ona~
Inc OILY s'SS .a.' "S"} s, l>.ae' nenE
hghrr.
%EM l"EN. January % Mercantile -,
NJ %t,,i Sicrigr exchange, siendy: sixty.
mnu, Sass Bar silver. ~. MsNcan dbl.
rtilroaa bond, strong rim" Io,ms ca"r:
- istNHE .fyH