Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-12
STEEL COMMON RESUMES
PLACE AS MARKET LEADER
Shares Close Strong, With Increase
OF More Than = Points on
Heavy Trading.
MUCH INVESTMENT BUYING
Rails Share Honors With Industrial
Issues-Practically All Stocks Are
Active and ,Have Share in Up
ward Trend OF Prices.
ny RROADAN WALL.

NEW YORK. February li-As indicated
In this column yesterday. United states s,ce
common to-day resumed rs position "a
market leader. With heavy Increase In
trading, tho shares closed strong with n
ing and short covcrims we're both factors.
Rails shared horors with tho irdustriuls
There wern advances Of from To poin,.
IN the standard issues. lcd by Union Pacific
The Interstate Commerce Commissions de
cis!on on tho iu,oriuou-tain ratc case wa.
Immediately interpreted reflection a.
tho changed attitude Of the commission, and
was considered of the utmost Importance Ia
tht Unconstitutional lines
Southern Pacific directors me, cNpecta
lions by declaring tho regular quarterly dtvi-
ed 10 some extent. the stock holding quiet
y Arm around Sis Great northern pre-
proved point more New York Cen
'rai wss heavy. dropping TO IS
~rein; gain Private reports from the north
OF Mexico were OF an encouraging nature.
particularly for the smeitins; Industry.
Corn Products d; cS c, gained gained. J. and Tho
for :9.i expected TO appear shortly.
Colorado Fuel and Iron moved up u point.
This issue has not as YET reflected The i'm
10 accumulate stock found small offerings.
Known as Rockefeller property. there is
share IN a cooperation controlled by. the
same interests that made Standard OF IT'S
American Cotton Oh gained point. Thi,
company should benefit by the abundance
the OF! as food Maxwell Motors were
active and higher. In the oil stocks calf
esn en9e w gain ,G
Bonds reflected The In: progem,ssin' In the
active and firm, and Southern Pacific Issues
improved on the declaration OF the divl-
dend Rock Island issues were better. the
Pront-taking a; The close shaded prices
frae,ionally. room traders lacking courage
rlYa hall dag IT.
good feature. rs they will no doubt reap
pear as buyers Of Friday morning
NEW YORK. February E.-Hcavy buying
OF United States Steel common at s;eady adj
vances was the chief feature Of today
stock market. Large Individual lots OF the
stock changed HANDS from the very outset.
and Mt no time did IT recede more thnn IA
mere fraction. At the end OF the session
II showed net gain OF eSs points. or Ca
above !ts minimum.
Rumos was busy with the movement IN
Steel, gossip nttr!buting Its strength to u
possible compromise OF the suit brought by
the government. Apart from this. however.
the company's favorable statement Of Jan
nary tonnage. as published Yesterday. to-
Stool plants nave recently t Increased their
output by more than ~ per cent. VAS re
Eardcd as sufficient cause for the rise.
The entire list shared in tho movement.
but II was noteworthy that most OF tho
substantial gains were In high class o: IN
vestmcnt issues. against the recent spHS-
modic advances In specialtics Union Pa
cinc and Southern Pacific were assisted by
though changes had been expected in
we'll Informed quarters.
Voluntary wage increases to miners in
the Michigan copper region. together with
the restoration OF tho Calumet and IieclR
dividend after "a long period of suspension.
measured the Improvement In that industry.
The annual report OF the Republic Iron and
Steel Company. showing Il net loss OF over
$4,000 for 1874. testified to tho recent adj
verse condition In that trade.
London manifested greater interest in
American shares. steel and Canadian Pa
cinc being In request Revision OF minimum,
prices tho London exchange Is under
considerrti on
Bonds strong In ali departments
OF the low priced Issues making pro
nounced gains. United States bonds were
unchanged call
NEW YORK, February li.-Call money
steady: ruling rate. >. Time loans iirmcr ;
sixty Gays, 2!1a2s ninety days. 2s.n3: six
months. '.gS.g Mercantile paper. 3t2Yi.
Sterling exchange weak. siAty day buls
*i.Sl.a: for cables. SisS. Tor demand. $is.75.
isar silver. 49,, Mexican dollars. S7i. Gov
etnment bonds steady. Railroad Ounus
strOaL