The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-01-07
MARKET AGAIN IS
LOOKING NORMAL
TRADING MAINTAINED ON SCALE
OF MONDAYS RECOVERY
FROM LAST WEEK.
PRICES REACTlONARY
BOND TRANSACTIONS IN SUB
sTANTTAL yOLUME--iNNEsT
NrEST DEMAND ENCOURAG-
rxG--MoNEY EASIER

r.w York. Jan. Grading In the
-, v,arre, was maintained today
On The scale of Monday Tecoxrrs
<royn last weeks staGnation' out t'S
course O. prices was itlie
stcnary- Some Of the inousti la's'
t.hlv bethlehem steel. In wnion 'is.
seemed To be some nc a'iNeIt ar,.-s,g
.n..,,,ation displayed adVan.ins
spN. ~, the customary leaders
" he. eryra~ed to he for SAFE
moderate foreign lauiashon va
agate renorted. and the &C h"ae ~,
- inraI pro1, taxing. toge;ref ~ VI,
~ contraction Of the saoFN 'HtE' 9 7'
serves 70 exrlain the compt-
r.aytneas ~ quoted values N ''1e M
.s~rcop AZ the outset % the
sion the market was more OF 80
nressc6 hv the Eueway aC'-'a' ~.
nnl,, the weakness or t6e iu>S.
ough issues coula he sunseqa'"''
lated 10 Tits t7hnHhce. -.r, mr.
THE r,4a~kes today looked more "oI
-, ,,,av a, any time since the re
a-s,r Of the stock Fxchsng"' on"
..,o,,ii have hardly inferred rom I,s
that there were Gay ~.
shirvs a. minimum prices ana poss'
~ s.r thss -eaeon there waT iAI,e ~.
,<.,YceaN rio renewal Of arTume .a'lfe
rsta,son for & removal Of m4nlrhu !"
- restrictions Not until TINS oc-
r,,rs can the real Tecper"s
Sto~lr Exchange he reeafuen ne
ing taken mace. So far SIS STOCK -
rbanra policy Is understood II
for the present To be com 20 ,''eu
~ ,natntenance Of protective mimi
80" -. so-calied International Sc
s.snu N,,t financial operations are
t.anrs - ne hampered by artlncl "a.
conditions. ~
rcra traosactfona were In sunslan-
a., vn,,,no and the bond depart"
nept vas steady. The tone Oh 'i
s,s.as.nent demand. and the ease Oh
tbe ~,onev market In all dlrecliehH
domestic and international ~ elico,.i
aging banking projects Tor huan.,,rs
corporate requirements ana my
undertakings are gel''hs ~, po,,l
r., f-h,ca go. Milwaukee and ~. fsn AZ
n ~ Ia about to offer s29, l4l.ooo
80 ~ rent convertible bonds unoer
80 General and refundins mortgage
os ya7e Stockholders will be per
,,4,t.a To subscribe at par 70 ,.-ry sgr.
issue. +or Penn
.,,,,,a-,ys railroad financing to me e1-
lant Of si20. 600, the greater par.
~ which. however, Will be Oh d p"' o''
refunding character
Foreign Exchange Weak
All around weakness in foreign ek-
-tanSe was the signal event OF .he
financial day. Every important Eu
ronean remittance declined potIi
star,snr and francs going to new low
,eysIs Sterling exchange both for oe-
o,and and cables. was quoted nhaer
NJ with demand bills under
ssA1-2 Foreign exchange bankers
arc looking for unprecedentedly 10"
~ates in the near future and est
mates of a December export uaoe
balance Of sl1o,00o,ooo help 10 tx
plain the outlook .tav
coincident with the further re,aS,
alton Of the foreign exchanges nm
street money rates softened. me
sali loan accommo datfon renewed AT
So per cent the lowest figure es-
fabltshed since the start OF the gu
.onean war. An encouraging variety
~ items OF trade news was inciooFo
/, the DAYS budget. Conspicuous IN
those advices were the announcethef'S
NJ railroad orders and inquiries Tor
he eouipment and material, inriud-
ing the Pennsylvania and baltimore
ana ohio contracts placed or under
negotiation.