The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-04-11
he of Greatest Scrambles in
History to Buy Goods Dealt
in by the Brokers
$4,000 Shares Sold
| In 2-Hour Session
hchinery of Operators AL
most Breaks Down, Under
Crush Of Trade-Specula-
tors Reaping Rich Harvest

Kew York, April f0,-The
Powerful bull market that fash
d into being ON the Stock Ex-
hange last week almost over
Aixant became u Wild scramble
Df STOCKS today I'm a session that
cl1pMod tho record day of Fri
lay for furtousncss. 1t was the
Agxect twU-hour session wall
Gf0ct has seen for five years.
Hoarly f.OOO.00 shares were
psse tn the short day, the total
4 046. 600 comparing with $780,
- ON January Is. 1910.
Fhe machinery of the Stock Ex-
(ugs, was overwhelmed with the
nendous buying orders tha< faced
be the opening. Inastent buyers
m all over the country, Aired with
reports OF big moves and huge
bats. demanded stocks, The
rts raced TO cover. Brokers on
fioor fought each other in the
h scramble Of two hours 10 get
Eks. Prices jumped about In ut
confusion. The market appear
on the tape at one minute was
"a by the time orders got out OF
kernge Offices over the phone
20 to the floor. The tape was
TO ten minutes behind the trad
much OF the session.
Brokers Overwhelmed.
X the frantic rate the market was
ing in the first hour a. fun day
hid have come close to breaking
recos~is. with 100000 shares
e. Brokers on the foor were
kwhelmed with. executions Of err
They could not report trades
10 the customer IN over an
r ct times. once managers re-
IA 10 get MD and asked quota
Ia on any stock There was not
and the phone wires were all
wdad with orders. Traders IN
es who wanted to buy or sell had
send IN their orders TO be exc
I'd lat the market" n they WANT
to be sure Of buying or selling.
was almost impossible 10 catch
hated price, SO swift ware the
,ements of stocks at times.
he active market leaders. steel.
on. Reading and L<high Valley.
red nearly a fail point at times,
ons series Of quotations on the
Great blocks of stocks. IN THE
nl thousands. followed each
81 in quick succession on tho tape.
md the tickers in the Offices men
wtled five and six deep.
Small Fry Coming Cash.
1oor traders, and particularly So
her. who handle 100 shares for
sum instead of the usual $l..so,
: making money fast. One Sc man
$4,000 shares Less than six weeks
In the dull days of the exchange
a ~ oil N ~
picture here As a means of liveIt-
ID.
khe opening was spectacular. Steel
fAiriy thrown into the mass of
kers At the post with $4,000 shares
b 10 to 81 s-4. All the standard
roads and industrials opened at
Ided advances over the closing
ses OF the day before They went
|ost Immediately higher. tho high
he day being reached shortly after
opening. There was then n re-
don. but the list closed steady and
knx. with prices of the leaders
raging q point above the day be-
The Industrial speciaities were
In tl1e background. and Bethlehem
bl, tho sensation OF two days before.
asserted. Ii was said today that
-.ng Of the Metropolitan Club on
uAf of the explosion in Bethle-
8 Steel. representatives of c. NJ
wNb, Fl. G. Prick. Allan Ryan and
ers rea ched an agreement regard
certain stock. which prevented fur
demonstrations in the market.
Market Lacks leadership.
Vail Street said today that the
hder of the market WAS its ap-
- - Ar re- Ica crShir hy ary rrnat
culator. The frenzy for stocks APP
red to be mad. headless rush Of