The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-08-06
UNITED STATES STEEL
At new HIGH MARK
steea Common az Sevcnty-two anu
One-half ForeslSadows EAriy
Dividend Resumption
AriLrs-oHALssERs REACTS
Quarterly Statement of Company De
clared TO BE Distinctly Disapisoah'-
ing-Bcthlehem stili Awaiting.

New York. Aug. 5.--The action OF
the stock market today was puzziing
to both the professionals ana tho
financial district as a whole VINO
have lately been looking for a more
or less pronounced reaction IN prices
and also TO the remainder or the
financial district which has been on
the side OF advancing prices. rom
the start TO finish trading was tuli OF
confusing cross-currents- II was =
market Of sharp contrasts Strength
siternated with weakness and activity
with inactivity, both as regards the
use "a a whole and individual issues
Shortly after the opening sharp re
action occurred, led by i've polht
In Aliis-C halmers stock, So FAR as the
Ailis-Chalmers shares were concerned
sa,fficient excuse for the break was 10
be found In the quarterly report VI
the company, which WAS taken 10 Dc
distinctly Disappointing by the specu-
iative element A..
The afternoon market was a dis
tsnctly strong affair II only for the
fact that IL witnessed another hp"ai u
sween in Steel common stock on very
heav,. buyinr. Outside of this extra =
ordinary strength In Steel the OUT.
standing feature was the curious ihan
ner in which the buying discrlmlnh1.
between certain issues. In contrast 10
the great strength of steel common
the copper shares were heavy. hei
was a conspicuous lack or lnterest "a
some of the more substantial Oh W
u-ar s+ocks but Bethlehem Steel MADE
a. o,,stonarv new high mark for the
sav In the face of positive weak ,
nass IN American Can. Continentai
can developed vigorous strength;
tI3yh.nr,ced shares like Genera
Motors and Willys-Overland mace
rneetaor,lar Jumps and In the loWel-
rr,rea industrials Central Leather
r-nsrh has been dormant for a lon6
time. rose buoyantly. To increase ''.e
confusion that this state OF aHa'l
created. the railroad list became ~
excessively strong in the afternoon ~,
,,~r,, thta strength in the rails. by
the way, assuming more VI i's
gressive character. -,
But the overshadowtng feature W.
the whole market was nndouptealy
the further rise in Steel common ~
70 q and this impaired TO the It,hI
he. situation suggestion OF uhucl
living strength that IL nliRht hos
osherwisc have possessed in the eyes
OF many observers.
Hethichem's Jump.
Common stock of the Bethlehem
GfAAl (OTpoTalApIt'
Few paraliels In the history on VIC
N5su, YORK stock Exchange. passed the
ana mark today. 1t sold during the
,,,orrtnx at sol, gain since the pc
.vsnr,nr OF the war of 26s points.
Tne company was incorporated IN AZ 49,
md the stock has never paid div'-
dend. -, ,,o,,ts
The rise today was eleVen po',ns0
sroy, the previous high record, esth y
isshea Yesterday. OF $50. The STOCK
has advanced fifty points this week.
yvner the stock Exchange closed jury
40 1914. lust before the outhreaK "a
sha war II was quoted at thirty-two'
PACED On IAttie Authentic News
THE advance of this stock ana tno
.,sre. ~ other corporations In the war
orae~ group has been accompanied Dy
,,nrestrained speculation WIN h'',s
authentic information on whch |"
base such rise. ,,,a -
n ha. been known In geherai VIZ
@ba, bethlehem steel had receis ~,
ss,ge war orders on which the pronts
presumably are large. but no oitNA'''
s,,,rea have been given out
Many stocks have been lifted from
arative obscurity 10 sudden popu-
ts-sty AT rising prices by similar re-
,,rts Of profits on the business OF sup
p1v,nr war munitions 10 Europe