Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-12
STOCKS OPEN STRONG,
AND MARKET IS ACTIVE
Day Closes Without Weak Turn, AL
though There Are Periods
of IdlcneSs.
INDICATIONS ARE BULLlsH
One Leading Banker Says Mondays
Break Was Birth Of Biggest Bull
Market Wall Street Ever Has
Known.
BY BRoApAN WALL.

HST AND S0HS May Sifss5
there were periods OF idlencss when inter
est Iasged and quotations shaded frac-
testerday's close, with ac'iye 'raains; shor;
French account steel common. copper
etoc,ss, Westinghouse and umon Pacific
certionally strong; but oversize: the mark
and dropped back nearly points =. ,,,
b,Egcs, ball marke, Wall street has ever
known" was tho. opinion expressed by the
erel market experts have announced the,r
belief that prices have again turned uNwar'
,,,nrrc,r VI" r,To n nc inoG Of IN" conner
stocks and Steel. While the close was
through Wits uncertainty or irrssuar'ty
hut stocks probably Will be purchased on
rceG,i%n Win inGrS%aiTE eo nj len cn.unc
points alloy" the iow price established on
of the strongest buying the street has seen
London houses bought stocks, taking
Union Pacific. Southern Pacific AmnlEn-
mated and steel. During the many weeks
wher the London market for Americans
there were sold here by the international
houses lack Of riomp, mail faciiitie I
shares to New York Yesterday IN" London
market turned strong with a demand TO-,
months our narkc, was the lover and
brokers were enabled TO undo their posi-
,ion By selling In London and resuyinE here
Paris bought copper stocks. taking Chino
Utah and Anaconda There were reror,s
incnt were in me market for large guam
titles Of tho metal for Juiy delivery: In
Mas a good deal Of competitive buying on
the par; OF the allies TO obtain supply
nnd a nv sne for and Suyns
larg. quan,ities which are stored here X
trht in
American Shelters. selling at 81, carries
declared. Before tho break I, sold as hiGh
as 20 rrosrsr% in the corner s sarnS,rS
The people mus, elec; which horse they
will ride They cannot successfully spsCu-
late with their Investments. Attempting 10
make market turns. they frequently lose
wise 20 call unsuccessful s1eculations in
Vestnents. In this case tne% warn their
be Two or more opinions about the mar
ket value OF speculative issues; many o;
from 10 l. points from recen; hiSh i.E-
ues. These acr bargains.
Is bring renewed investment buying in the
bond department. An inci%2sHd lem M
sues, and several Of she speculative homis
recovered sharply An announcements mat
sSesH! S0G 'T ha Been f diosed the enr
issue OF ssS,".,f-tl having taken, had good
effect
NEW YORK. MAY 1.-THE ease with
which prices to-day recovered from tier
ABRUPT declines ct the previous day was
accepted as further proof of the lock mar
ke,s underlying nrmness. The chief fac,
.or In to-day advance was Tho note 81
quiet reinsurance contained IN the Pres!
dents Philadelphia address Encourage
mcnt also WAS felt in the cessation oi
heavy foreign selling.
Apart from it, general improvement, me
chief feature OF the market Na> It's com.
parativc apathy. Final prices were al OF
near the best investment issues heins mos
Tie sitla,icn growing out Of the l.usi
tan!a disaster less o: a d'prcssinE in
fucncc. but foreign conditions as a whole
especially ltaly's possible course, wer:
plainly deterrent TO more publish activi
ties.
Domestic news included increasing de
rnand tor copper. hardening tendency to
lime money, the successful result OF the
Pennsylvania Railroad bond offering AN,
declaration OF an initial dividend on Max
we'll Motors first preferred stock.
Investment bonds moved in sympath!
with shares all the leading issues resainins
losses Of the previous day.
Henv;ness in government Issues was al
unexplained feature OF the It's. res!s,erc'
IS declined IL; coupons Is. IS. and registered
point call.