Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-11-17
STRONG, ACTIVE MARKET
DOMINATED BY COPPER
Anaconda Leads, and Closing Figures
Are Within Fraction OF
Top Price.
STEEL OFFERED LIBERAL,
There Is Bettcrment In Rail Depart
ment, With Union Pacific TN High
est Favor-Stimulus Given to Cop
per by Increase TO 10 Cents.
-. RHo.DAN WALL.


NEW YORK. November is-Copper sharc9
dominated strong and ACTIVE stock market
to-day. Anaconda led tho market through
out. and closed within a fraction OF its top
price. Railroad and industrial shares dis.
played strong mndrrionc. hut the opttm
ism OF tho corrcrs ovcrshndowed all other
departments.
overnight, changes being fractional with
losses and gains distributed over the entir"
the beginning. Steel was offered in liberal
volume earl! in tho session. bur sm"s"-
part mi,s Mas noted toward Inc cnd oi tn.
forenoon. with Union Pacific ~" fiNorttc
War stocks were comparatively quiet my
Bethlehem, steel common rose more thnn IL
points and closed nj the best figure for the
day, Copper shares continued 'he n'oritss
in tho afternoon, and oN"rShadowed other
departments. but the general list closed
strong.
A further stimulus was given tho copper
group by announcement that le"dinE "orper
producers were asking IL cents pound Tor
copper metal with the probahi'i OF fur
tlcr advance as soon consumers could
digest higher prices" 10 Us" tho expression
Of the head OF a prominent copper com
pany. This authority also reports big in
crease in domestic consumption
The strength OF the eorpcrs Is also due r.
ranics that the hcllircrents are contem.
plating large purchases OF the red metal
metal 10 be used in the construction OF the
nations now involved in the war,
touched
THIS movement. and closed with a net gain
o! more shan points. American Smelling
and Refining common. according I" followers
o.. tho tape. acts as II stock is being !iser,
ally supplied Ray Consolidated displayed
renewed strength. Earnings Tor the Sep
temlcr quarter showed substantial de
crease compared with the previous three
months. owing 10 lower price received for
cess OF that FOR tho June quarter. With
the higher level % prices being received.
the current quarter by copper companies In
M
sdcrs. should show substantial increase
in the curren; three months.
showed signs Of life. The strength OF the
stock was due iarsely to tho purchase Of
firm said to bo close to interests affiliated
with the company. According To director.
Will show increase in gross in excess Of
Sl.con.oD. Southern Pacific Is also expected
10 show large e\pnnso,; In cross;
Company contcmplat"s selling most Of Its
nsse,s and making distribution To share
holders impaired strength aud activity To-
tho stock. a; one time II showed an ad
Vance Of a. points. but lost poin;
profit taking In the late afternoon. Interests
connected With the company say nothing
can lie announced At this time but th"rc
seems To be more truth thun fiction in the
rumorS current IN the financial district. R"-
ports circulated to-day said that the Gur
scnhem. Exploration contemplated selling
It's holdings in Alaskan properties TO th"
>enne"ott Company but these could not be
confirmed.
Gates advanced more than 10 points on re-
ports that the new reorganization plan would
result firorahiy TO preferred Stockholders.
Earnings Of tho International Mercantile
Marine arc SAID hv persons close 10 the
company to he breaking all records
Good earnings for the September quarter
explained the recent strength Of Butte ana
superior. For The las, quarter. total profits
were $50 araina; s.. io7.it3 for the Juno
quarter.
OH stocks were strong. with Texas Com
nnnny stock advanrins l2's points Mexican
"a
months. and within points the high
figure established early this year.
demand for "omds, several new high records
being made for this movement.
%f:w YORK November is-prices in
general rendered upward on the stock 49,
change today With some substantial gains
IN some stocks. Distinctive share" Wcr;
figured lightly. hut som" Of the largest adj
van'cs were scored 10y stocks NJ companies
indirectly rr"atinE hy the war
Included ir this class were Mercantile
Marine Preferred. which rose points 10 III,
record price az 75a.: Cuban American sugar.
also Mt Il new high record its rise of
~ 10 li6 afsd the copp-rs.
&oprsrs as whole constitutes th" main
rsr!s'er"d by Anaconda. Utah, Guggamhcin
Exploration and chino. American Wooden,
United states Industrial Alcohol and the
oit issues particularly Texas Company.
which rose le'4 10 49,. were among the other
outstanding stocks.
United states S'"c! was comparatively "h-
seurcn. ana again was under pressure.
Sethlehc'n steel was quoted only at rare
intervals but ,l"sed ~ an advance OF lr..
medium pricef.Sar st,,cks rising 10 as.
hallway. -crcHrreEuur at tive outset nu;
improved ON rho 2poin, advance Ia
E'ac,nc Reading and i.chrh Valley. Atchi-
preferred gained point more. IN All
lance ~ points in Denver and ri" t;rnnde
preferred To ~ va" As"ribed 10 The recent
strengthening 81 the Gould control of shat