Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-20
RECORD SMASHING DAY,
WITH FURIOUS TRADING
Volume OF Sales Is Greater Than at
Any Other Session Since
1911.
NATURAL REACTION FOLLOWS
After Sweeping Up TO New High
Levels. Standard Issues Drop on.
Decline Accelerated by Short Sell
Ing Of Room Traders.
ny BRotnAS WALL.


reaching the now total of more than son
W shares prices were swept mp 20 new
racine. Reading hrlalga mated Copper AND
other well known issues This culr.:u"t"d
lei b G dos,. u, Ser "n'nrn S%yi2S
carried tho price back some ! points IRON.
issucr, which had advanced - : roin,s
In the carly dealings, ended with general
drops OF from 10 points humorous.
nnd the tecln. was accelerated hy tho s'or,
selling OF room Traders The Impression was
run further tomorrow. after which trcali
onrinr is expected nraim to turn the market
s,ccl common was higher In London than
here before the. opening FOR the mrs; lime
sincc war was declared. shorts were large
BUYERS. and the public made extensive pur.
ch"s's during IN" lire, hour. jacob Field
was heavy ssnrr about en-, anticipating
the afternoon break. which nct;ed hin: n
l1rEe profit, Judge GAYS cautionarv state
mont regarding earnings Hid much TO help
Motor issues Jared badly. General Motors
dropplng points on sales % iess thnn 'oo?
Gocdrich and Studebsker showed declines
which averased points each. II will b"
such stocks. as loan clerks, under ,nstruc-
tions from bank officials reject these Is
stances
Mexican Petroleum carried on the honors
Ing price OF 81 on SATURDAY ron 10 es s' on et the
announcement. authorized by President
pced for tho soTa,on Of an nA Gns ef conn
P Pa 10 ,h hsnd ar,r large poTto1 Of the out
on tn. n sAafss Feo.ae siK to the Fe"e
.Atch.'on. Baltimore ana Ohio. ST. Paul.
nj .nG.a pqS'Ac ana Nov York c.n.rai
The keen hnying Of railroads was tho most
promising promising feature OF t'-dny's market. Al
Tres. issues is believed to be the seeinn.ns ~
OF investment buying. which will no, lie
ended BY an ordinary reaction Union
Pacihc. after touching .Sm. rea,tad to iS'7,
thnt the metal had sold above l7,sc n pound.
Speculation In these stocks had become over
ssM ,.,,n and they reacted sharply. The
mated WIS OF the best.
Equipment issues shrank in value. Loco
ports reSardinE future profits. Rrldw!n
York AIR BTakc were on from : 20 points.
THAT to,day'e. reaction should come with
and with prices At the toa vas hailed as
a good omen and the hope was Expressed
that the recession would he allowed to run
NEW YORK, April le-lnvcs,m"ut stocks
r"sG 10 points In IN" FIRST hours Of TO-
.idsrahle OF th"ir rains in N" hma hour.
on an adm"ntt"fy trad. statement. issued
hy It's chief executive
steel had LED the curly advance. ON its
decline I: carried other seasoned shares
down 20 points, celebrating some gains
entirely Snd reducing others to nominal
proportions. Steel closed NJ E7a, maximum
HccIinc OF points and not loss OF . Thu
general list made some recovery from low
levels touched IN tho final hour but the mar.
Nets tone at the end WAS irregular and con-
fused.
Erstwhiie war srcciaItics. with a few OK
cepiohs, were relocated To positions OF sec
ondary Importance throughout the session
among better known shares. the coppers
hc!d rather more consistently than any
others their strength being accompanied
~ another rise IN the refined metal. Rock
island was almost the only railway stocl
20 h1Iu back throughout. losing 3h points
T"tHl sales OF stocks amounted 10 moro
than i.J",tJ" shares. exceeding All records
since 1911.
Trading in bonds exceeded all recent
SAYS. with an upward trend
Nhitod states bonds. unchanged on call
NEW YORK, April i?-Mcrcnntilc paper.
1919 sterling exchange. steady: sixty.
Gay blIis, Si.'tN: for cables. Si7o61; for de.
nenG, S.,a$l. Bar silver ,A MoyIcop lnI