Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-14
UNSUITABLE APPETITE
SHOWN FOR WAR STOCKS
Reflected In New High Prices for
Several Issues, Notably Beth
y lchcm and Stuticbakcr.
Roth CLOSE AT HIGHEST PRICES
Railroads Under European Selling
Pressure-Stcel Common Rises to
Highest Point Recorded Since 1910.
Motor Shares Attract Attention.
ny BRONDiN WALL.

NEW YORK. Octohcr ia-The seemingly
stocks was again reflected today in new
high prices for several Issues. notably Beth
e, >a, gain of 10 points. ana tho latter
~ ~ an advance Of 70 points. Both closed
der Euro 'r sciiinr rrsssu gs" ,hroueho%,
n" session. ",nd We're from fraction TO
Initial prices showed strength FOR tho
Iu,s; part. although IN" railroads woic Crac-
local Ganfne Interests for tho account %;
Europeans. TIL" copper shares wSro strong.
leadership ara rose 10 tho highest price
issue was shared by tho independent stcels
81 which I,ackawaana and Republic wero
prices r6ceded slightly on rcalizinG in the
lat" afternoon. hut conservative brokers
considered the undortorc good. and took
10Y a continuation ~ tho upward trcnd
The change IN TIC method OF ueai'nc
psr value of $50 such rs Reading. Fcnu-
s,1ve0la. Westirghous" nod others. caused
tape THO sigh, %. W.s'iurhous' being uuct"i
at $40 iHat"gu of !l.N was nc" bat lev
spocula zion ~ tho halt-stocks owing Ia the
change ia ,Lo method OF quoting The shares.
MOTOR a"g sod oT Continued to nrne alton
non. Not only did studsoaker ;onch new
wslI Motor Company also entered rev terri
tory owing to announcement that the direc-
S enter n'E ne GneN av Sn Of - per
cent thc first preferred. WtllyH. Overland
s2 god @ Of sSe "ra viii
iacet In about two days 20 declare n melon"
Whether this melon VII be IN ,,S cash or
The buying Of The shares recently ,,n has been
The sharp upward movement In tho in
S' waw e Street. h ,h fns IS Srote Of
who eel calls. For this reason the sup
G,y % calls Is very small the lenders Of
their bearing before making new commit
incn's calls. however; on Steel common
for .oc shares AT points above the mar
lc;. good for ono week.
NEW YORK. October ia-speciaI,los re-
sumcd first place i'm Speculative" Importance
today ,ra.s and other high sradis shares
teusivc foreign selling. In fact. the mar
kets professional tone was a; decided virl
ancc with recent days. when the s,rcng n
81 seasoned stocks offered hope OF re-
\ majority Of the better known railways
were or points lower Reading and th"
rncncs Er!os and CHANGERS wcrc offered
for European account 20 tn" extent Of CO.
war shares worc foremos, In the rise %
points TO the high record nf jG. and
s,ghehakhHr also broke al! nrSvious zee;
Motors issues rose to points above NIL
previous levels. General Motors. baldwin
minor industTials ana allied issues I'M
proved To points.
The market derived much OF its impetus
from United states Steel which -,
10 HA.. It's top quotation since ipio. ana
within j. points OF rs record 200.
Among tho market factors Of the day
were the highly favorable foreign trade bal
Sars @ M vaoms 's sSon NJ
tho country pointing 10 bettcrmcnt IN all
Inns OF trade.
Quotations for. foreign exchange wo-c
Virtually unchanged from Mondays low
points nominal trading
The bond market was strong. With in
creased activity In COPPER convcrtiblcs n;
higher prices Total sales, par value
S..Totoo Government We're unchanged on
call
NEW YORK. October .a.-Mercan,ile pa
per. SE3'.. sterling sixty-day bills SIti:
for demand. sass: Tor cables, siSTN. lsar
silver 4ai. Mexican dollars, 3Sis Gov
eminent bonds, steady railroad hcnds
strong. Time loans. firm; sixty days 90 ~
~, ninety days and s!N months can
money, steady, ruling rate, :.