Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-12-07
MARKET ANTICIPATES
FAVORABLE FEATURES
What President Is Expected to Say
in Regard to Railroads Brings
Better Tone.
ACTIVE DEMAND FOR STOCKS
Copper AMI Steel Find Strong Mar
kct. and There Is Brisk Business
i'm War Issues-Rcpublic Common
Continues Upward.
HA nRnAnAN MALI.

NEW YORK December The stock mar
Se o tsn;urS SsS q" y rSsidSn, wso on me-"
sage to Congress to be- delivered to morrow.
The uufav"rable fca,ures-,hc proposed ,a>
S,,cl ana iron-wcr.. discounted last
week when the general market reacted. y
.liSt'nctly better tone in tn" railroad group
will say With regard 10 giving ruir play 10
our common carriers upon which the pros
extent.
Strength prevailed "a, the beginning Of
tracing. the copper and steel shr-"s hc,nr
in good demand. fair inquiry Mas
ported In the early dealings Tor tine rails
with Norfolk ana Western mos, prominent.
'rhc conl roads tailed Ia show amy unfavo,-
ahic evidence result OF the interstate"
commerce Commissions decision To grant
rehrarlns OF tho anthracite case. Ans.
conda and Utah led The coppcrs. War stocks
ais" were sought. Baldwin Locomotive are!
Studenaker being conspicuous for teir
advanced Buying OF tho rails became pr".
rounc"G In the last hour. several issues
touching new high u,Arks.
lndopendcnt steel shares continued upward.
with Iarkawnnua ami Republican Iron AMI
steel most active Buying Of the former
was accelerated 10y an announcement by an
officer that the November business vas the
anG domestic orders had beer. received in
Snhi.nen, amount I" keep the plants busy
chased on reports tina, The company ~ earn
ing in excess of 20 per cent on the common
stock. In some enthusiastic quarters pre-
dfcttous were lnadu rha; Republican common
would cross steel common The Rrpuhlis
Ia said to have stnadfas,ly refused To accer,
war orders 80 III; l its business - Of a nor.
substantial character than that booked bv
some OF the other lnd ependent steel concerns
Buying Of International Nickel continued
10 he reflected ia higher quotations, uc
stock closing wit a net gain OF ;,s points
81 directors 20 REFUGE the par value from
800 IN So, ,hns placing the shares Within
easy reach of cn HE,l!c
The reason Tor the recent advance in ,Ilis.
thalmsTs preferred rpaterG' lizcd to-day. Ui-
rectois declared an initial quarterly li,i.
|i"ni Of ~ ,rer "sni on tho pG"Ir"rel and
. .S. o; ssk G,aasl9~ >rha, ',SN' dirsc-
by the price nuc,Wa;iou of the preferred
which advanced only a fraction to.ua'. Til"
heretofore been selling above its intrinsic,
value, according {" directors
General Motors attracted attention TX AL.
N*hcinE 81: points 10 so. new nigh record.
a, which II closed The magnitude OF Tho
Is rGplemhcred iha, it sold around = whcr
the sock ENchang" was closed. The uriift
man t'Gtt which occurred In B"th ,ch"n Steel
u%inmi"ns the only other !ssu. the hoard
~ ~ pricH. ruinnrs that ihr company
Hhc the Chevrolet Motor are 10 y" merged
are nsrs..cn, '1u', IN officer of ho,h 'om.
'trnS sa!F II" !u"h step is contemplated
Isai!rosf earnings We're favorable ,,nrtirr-
MY the Tep"rts "f gross for November
mesa prakt9 "nd ohio announced an in
crease III gross for ma, month OF ssea ;t0
w,1vn Is 2"o.r 30 pcr cent ia excess OF that
expanded s2.i6S,eS, :, rain Of about .; no,
.>lasta Cold continued weak uo.,.f,,.
.,anitns TIC better tone disriayca "I ~ the
Eenrrtsi list II touched tn" loves, point
points under the" years Nirh ,Iu.,s
inpctw acted hctte
Convertible railro.t issues we're III, strong
feature OF 'he "olL market
NV nokN December t, no day, stock
w""k's hull ani irregular sessions Deal,
mas "sre light With frequent n.rinjs ~
=, Irn.s inert. nni,i The mail hour. when
- n'""H ahc Gencra! buying movement I'm
standard railway share. inpart.d I.ritnI
n,,,,hs;'h !" the entire list. There were !,
priced speciuItics of yarinus I.s"r,n n'sn'
~, ,,r ..M9'ns a,.,"m"biic. oil sugar and cN.
to!! al rccond-hreakiuG prices lin, ,.n,nnnn,
i., iin'hs ~ al 80 ana ,he rrct.rrcL -, ~
oils With rise Of I" %. w,:h an ,Ivrn W..
81 ~ 10 "l7 for Texas Corin,nv :.i,,
am, To- r"'n!s In United states Adams
"lo american Express offered "a marked COZ,
u"s, 10 IN" weakness al those stocks some
,m",,i ago oyp""rs fertilizers. depart
,tSs such as Baldwin T.ocom"tivc Amcric,,,,
C;o,n,, 'rneihie steel Republican Iron,
,,hsI,.f POINTS over recent quotations. Alis.
,h1..in'', preferred rose 10 S,t.. a new
sn ri1 me , "Hy""gc concd"E With Tie re-
ii'.'.,&" -. liEis"nds on that stock
Of eG,-S.E.%s S,eel made extreme gain
,nn,,a,nI ." ~! h"iMI"h"m Stc"! was again
80 ''''H fruit pressed for
r To- 'l'honGh its annual statement dis
49, (" su'n'nS of S?.:7acc1 for tho fiscal
80 ! 4 Flf't .! "a deficit in 1919
i".Mc' rate. for short time innnev vcr.
hr,.' ~ a ,"T"lihry Of the unprecedented
W.. S"ppiie> AT reserve c.nt.rs
"tS'sih fni!:"nds reported - larger cal
'sr ,; 'r"iEht and greater diversiu.,,in
-. 'ui" The Burlington road show"
"' .1gr"af" - $4,000 for oc,ober Mn.
N" r.% 't ana Western gained virtually 81.
b'mds were steady 80 nrm Tn,a, ..,,
n. ya,ne we're s4.G>5.Gm raiteJ So.
's'S'e''H Is advanced >. per cent ON c,,ii
New YoHh. Doromher u. -,icr..r,i,. ~,
m. sterling. siNty-duy bins s+r
Nj. cable s';2. P,r siiy.r. ;r.
- 49,. I,"'l+'s 81. Government bonds rr,,
;a,.r""l t""ds. shady. Tine lI,,ag ,.,I. ''.
fnHs.b. >, ninety d'ys ANA S!x
.'-' CAV money steady