The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-04-10
|DllS HAVING It ALL
own WAY ON Street
Uenrs Take 70 Tall Timber When
Public Invests Heavily In Stock
Market Goods.
TREMENDOUS BUSINESS VOLUME
Dealings Yesterday Aggregated Ono
MILTON Three Hundred Thousand
BhArcs--Profff Taking Docs Not
stop Market Advance.

New York, April s.-Thers has
been no such excited bull market IN
Wall Street for years as was carried
along on the Stock Exchange today,
Dealings sweiled out to about 1900
600 shares. the increase In activity
communicating expansive impulses 10
the bond department and prices
throughout the share list rose with
great buoyancy, particularly in the
afternoon. The average of quota :
lions for representative Issues showed
o net gain of about two and enc hair
points at the close Particular gains
were OF large proportions, ranging
from seven and one-half points in
United States steel i've and one-half
for Reading. three Tor Union Pa
cific and Amalgama;ed Copper, down
to . generality % one and two point
advances for most standard stocks.
Some OF the speciaities and newer
industrials rose lust as extensively
and Bethlehem Steel closed seven
points higher than on Thursday. \
number OF the Issues which had been
leading in the spring rise. particular
~ industrial stocks. were checked ny
heavy profit taking. but the forward
sweep OF buying closed them NJ an
advance For tho first time since the
spring rise began. the market really
had the leadership Of the older stocks
and the way In which the so-calied In
t~rnational list. presumably restrain
ed heretofore ny foreign liquidation
went 10 the front exercised most
stimulating influence over tho whole
market and was one OF the impressive
features Of The session. As the trad
Ing was NJ times Of an almost fren-
xisd character, II could not fail 20 De
interpreted as q warning sign by re-
Elective Observer Nevertheless. II
added to the Significance Of the whole
demonstration in its relation 10 tho
posture OF economic affairs
Public Making the Market.
V II any doubts had been entertain
cd as to the nature of the rise In
stocks lately they were removed by
days DEVELOPMENTS No more con-
v1ncing evidence could be desired that
II was the public which was making
the market. no matter what under
takings in the way of professional
campaign for the rise had attracted
outside attention. For anything re-
sembling the phenomena of the day
recollection had 20 go back for years.
Nor did the Stock Exchange ses-
sion LOSE any significance in its Sc
uuence to the Bethlehem Steel cpl
sode late on Thursday. On the con-
trary. its significance vas intensified
thereby Overnight some arrange
ments were plainly reached to pre-
vent a repetition. or continuation or
the episode, and as soon as this be-
came apparent the speculative COM
munity proceeded to extend It's long
commitments with fresh confidence.
A Stock Exchange statement which
was described as off1ciai was publish
ed early in the afternoon and Its an
hat no
for apprehending any corner occur
rences IN Bethlehem Steel had more
than a reassuring effect, especially as
the statement was couched in extra
ordinary terms Among other things
IL was said that great wars always
bred speculation such as now is mani
fest, the intimation being that wild
speculative phenomena must be ex-
pected