Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-01
ANOTHER MILLION SHARE
DAY ON STOCK EXCHANGE
War Stocks Continue Favoritcs, and
Many Issues Make New
High Records.
SEVERE SCARE DURING DAY
Rumor That American Ship Had
Been Torped"cd Causes Sharp
Drop, but There Is Quick Rebound.
Heavy Demand for Seats.
by BRoADAN WALL.

NEW YORK. September 3o.--Wail Street
had another million share day to-day with
many issues selling up to new high records.
War stocks continued the favoritc. the
standard rails taking little par, IN the gen
eral upward movement. twithstnnd'nS IA
rorable earnings for August.
owing TO profit taking, induced by the
high prices established on "Wednesday. the
market opened irregular some issues show
inr advances and others slight declines. IN
agreeable surprise was the Improvement dis
played ny th' ooppcrs, producers being ~"
ported to he making large sales Of metal
SEPARATION was the fayoritc of this group
s.@rips 'ise If more ,I ihnn points to III.
shor,ly before noon tho speculative fra
were circulated that another American ship
had been torrGdoed. Prices immediately
was accentuated by hear raid. quotations
aG rs, fgGm bs r%inT Tnsre ,, wa" n
rumor grew ont Of the burning OF shin
carrying war munitions The cleaning out
during the break strengthened the tech
niT"l position SO that the buyinE on the
levels notably among these being Tennessee
Copper The close was strong and brokers
traders who rave been bucking the advance
and losing money for many weeks had thei>
made sood turns and at the close we're not
ne"rly as pessimistic ahou, the futur" trend
MS they have been recently
Brokers who have gained the. reputation
, Of WORKING for the insiders OF the steel
common for tho first time during the pres
e en- movemen,. aecordine to veteran members
dividend was passed the insiders very
n pes ard did no, look for resunp-
months If then. whether they have miosed
Their Their market in tho shares or are huyne
followers OF the tape convinced that
the former is tho
tennessee In
hiEh price of 20 on good buying. The com
official statement relative to the tomnie,t an
oil Inc RUSSIAN contract is expected any
given notice ,hat i, viii redeem r'" on n n,s
.einr.er ."l' AZ 10: aud accrude interest
had henenc!al influence on the shares ws ,i,
have been taken in large blocks by interests
outside OF the company
The tremendous trading on the securities
has stimulated tho demand for Stock FIX
$4,000 which is 5000 above the previous ,Ds
Railroad earnings were in tho main Ia
vornhle Philadelphia and Reading Tor Am-
sEa nst reported an increase In surplus OF
s'S desre wnte "msas City Southern repor,ed
creased ssS?.olG. Eastern and Western lines
OF inc PENNSYLVANIA system reported an in
crease OF s5.252.@5 In net for August
NEW YORK. September 2o-'rhcrc was
marRed sha,G cs 1 Ne market underwear,
hcniar!H Westinghouse. Crucible Steel Lack.
awanna steel. Continental Can ana American
totnl. "''H J
Metal shares were tho central feature
Nilaconda. Tennessee. Utah. GugEenhcim
Sesniora,ion, Chino and Ray were In steady
demand at substantial advances Utilities
al u clsss hitherto inactive also claimed
speculative attention. w.
lhe list was put to severe test al mid
nay, when reports of the sinking of nm
american ship in the White Sea caused the,
w MAJ shnres suddenly to recede to 10 points
Mni!e Union Pacific dropped 5 TO 80 and
United states Steel 10 1884,. Almos, im,ne
dlately when II became apparent thnt IN.
inciacnt was without relation TO intcrnationol
.eohuitlohS prices recovered. in some in.
stances attaining higher points In fact
me market except Tor some pressure ngainst
me raiIr3ads WAS NJ its hes, in thc iiai
dorelEn loan impartinE further stimulus
ptal sales Of stocks amounted 10 : 20 onn
shhrcs making the fourth consccutIy" sou
S S,om IN which dealings npproximnteG that
Contrary to general expectation. the wa.
money. Approach OF the third quarter Of
me year also was without effect on I,cni
monetary conditions. '''"'
BonIs were irregular for Il time bu,
."rnened later. Total sales par value yo~c
sS--''"o. United States government bonds
Ds NEW p. y 81; Sentence Mercantile
$3.50 a:maSd. s s5s sabls s!A'y t.so ", ,
silver silver. 40: sNicaq dollars ISL. Time loans
m.iher; s!&t"t ~ g34. ninety iay> 5s.T,3.
SIX months =. cali money. sicaGy. min,
rate. ~. '"''"s