Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-15
WAR STOCKS ESPECIALLY
STRONG DURING SESSION
Trading Light in Afternoon. Price
Fluctuations Being Very
Narrow.
MARKET CLOSE is IRREGULAR
Commission Brokers Report Fair
Amount of Purchases for Cash, in
Nearly Every Instance Of Standard
Railroad Shares.
BY IsRoADAN WALL.


Throughout; the session today. notwith-
standing tho sharp rise OF ahou, cents a
busheI IN wheat. duo 90 reports OF black
rust War stocks were espcciaiiy strong
to reports Of moro order. from the hellscr-
ents This was particularly true Of Bald
The market opened strong with gains OF
iron IRON, ,r%Ct'%n to nSayM p%im,s me maM
BY tho emf Of the first hour there was -
Iracti"nal rs'esSion from the lest prices.
Trading was lisht during the afternoon
issues being very narrow. Tn" close was
Commission brokers reported fair
amount OF purchases for cash In nearly
took s'an"rG raTo"G ssnes f rT
ms that the investors are buying the rails.
and war stocks on margin il is the steady
railroad shares being placed in tin boxes
that leads brokers to believe that tho
shorts will nnd it difficult to set stool,
War stocks We're strong under leader
ship OF BALDWIN Locomotiv. and Nesting
house Electric and manufacturing. The
former rose three and half points nj one
Tine on ,rrGrS0Grd,so that The company hni
WestiuEhuusc higher on the receipt
of an order for l.0oo. 900 rifles. Cruciblc
Steel was also In good demand at higher
Some disappointment was expressed after
nounced tina, the special committee ap-
pointed by the Third Avenue Railroad Com
decided 10 drop the matter for the .ims
being THIS question win hc discussed
directors. and 1t viii probably be dropped
again NJ that time. unless the Public Service
ance Of tho bonds applied for
I.ackawanna steel stock and bonds were
pany that net profits FOR the Juno quarter
We're sso6;S55 over those for the same
There was noticeable falling OF in the
foreiEn selling OF bonds duo to the con
Thc ST, Louis ana San Francisco rcor
raniza,ion plan has practically been CON
holders have rassei apon it, The 'I Plan an
share. for which stockholders Will receive
security better than an Amusement In
s25,oco,ooo Of now money will I've raised
pre" n M Gsn , S1 the hshss,
lated by reports ~ tho recc!pt a $3.50 900
600 war order.
,~n' ofs 3"'y T ,o sEs'' @ars ss
"oaaa, nnS ine ssass II hs Ae rr%%n
absorbed tn" major portion Of speculative
can We fw nf'f's s?F R AmST
LoSom3uye at ~; General Motors At 1924.
same class. rose Two to four points The
most conspicuous exception being American
reden, sansaons a GF1ss@ ' Me. PS,n,
representative investment stocks wnrc either
neCloctcd or under moderate pressure
United states S;.c! was tho only Lender 10
rank With war srccial,:cs N roin, OF nc
ivity.
New features Of strength were sncr In
'uch utilities rs Western Union and Con-
SoldNica Gas. the former advancing almos,
three points on intimations that tho semi
annual statement TO be issued Tomorrow
VIII show substantial net increase of
earnings
Heavy sales Of United Stnte. steel IS md
consolidated Gas IS marked tho dealings In
tho bond market. Total sales. par value
We're S@,3'5,"n. United States bonds were
unchanged call.
new YORK. July A-Mercs nt!le parer
:,iSi?; sterling, sixty-day bills. 81 IS demand
SI6,5: Gables. $i.,3: bar silver l5it
Mexican dollars. 3GI. "
Tim" loans steady. sixty days ?itTcX:
ninety DAYS El.6:A. sin months 76si. C'nli
money steady. iiEh. per cent: low ~
ruling rate. = last loan, = closing rid
-. offered at