Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-09-30
COMPLETION Of LOAN
GIVES MARKET STRENGTH
In Early Dealings. Results in EStab-
lisllmcnt of Quite Few New
High Records.
Gyrations in War Stocks Continue to
Hold Center OF Stage-Baldwin
Quiet Compared With Recent Err
ratio Fluctuations.
BN BRolDAN WALL

Bl BROhDAN WALL
Ni.W YORK September ca-Comple;:or
"f rne Anglo French loan impaired strength
tn the stock market to-day. and in the
81 quite few new h.sh records Trading
was OF heavy scale, but no, quite as
Urge on Tuesday
Gy-a:ions IL tho war stocks continued to
nolG tho center OF attention. hu; Baldwin
Sc qge, compared with its errat!c Huc-
81 ,tiau> during tho previous session. cr;s-
n- S;eel touched "a -ew high record. "a
. Ie. b..,,. mia. Tennessee copper ami
Several ether spe,ialJlcs. S;ee: common e>-
lli,aea another new htrh r.rie Tor. ms
movement az -. In EXPLANATION OF the
failure Dt ;nis issue 30 share ia :hc upward
movement; to large extent reports nere
,urren; that about 2"co shares OF s,cei
common has ocen l!quidated In tho mar
kst hy the foreigners Within the last fow
Initial prices showed substantial over,
night adSangHs which Mere na!n;ained
Hg G, Of The Sa, n '"H in ai'GTT%n
uti rrce ss!vn from the best Couscr tiIvr
broker, rousiIc-oI TN. afternoon rcay;ior
l.5caI .nycs,nsn, Bunker, deSllred tine
o.. Cr"uter tnan even the most sanguine eM-
lsrtod. Commission houses also reported
Whe" Tennessee Coupe: closed yes;er!a>
tnNr' was demand for about, 1000 shares
tne the sh ",;es Th2 aHnnliea I d>nand
".sly dealings Zoo shares being purchased
az The opening AZ 6. which Mas ''- points
amounts T tmmefiaty T soii@wcd a, IS. . ana
- the latter figure beiuE new high rec
>n.rts stock "as supTl.eG at m" top figure
and the price dropped very quick!y 20 cl'..
a6"|c s. subs sS ,hcie vas ' an or
'crIy market between IS and * Brokers
Who are often Tepn,Sd 70 act 5oT No q
ncnt on the buying side. Announcement
Of the Tennessee COPPER bond issue MAY
hcen arranged The securities will Dc o.
Tered 70 shareholders. ana undcrwr!ttcn by
. syndicate headed ny tn" National civ
Hauk. TIE bonds vcrc QUoteI M tho ~L-h
today at Is bid. while the rights we're a.
!" :. Thc floating supply of Tennessee has
become very small and mis- tot reason
"r"ksrs cNpeci srraic nus'uo'ions.
d''n,nd with Lacknwanna at tho front /,
i"~' nearly Is points to 90, heavy deaf
tnps The = pcr con, bonds, duc l.in ana
onvcrriblc into tho stock we're also ma
icrially hiGh,l. Ia tho absence OF tho head
of the company who is .ick no official in.
formation eau bc obtained regarding the
i'uth Of reports that tn" company l. to
70 into The new steel combination.
Erie continues tho tnvorite OF what lit
No speculation there Is in the rails
NEW YORK. September %a-complc,ion o.
-, preitnlinnries connected with Rotation
~ the Anglo French loan was usol as :,
lever for another extravaEunt movement IL
Sneei.l stocks to-day, but gains were large
close. IN" weight ot realizing ealc, over.
coming ahsorp,ire capacity All records
81 recen, years as 10 activity. breadth md
"Nt"nt were surpassed In the nrst half %;
ihc session az which time quotations wcrc
- hisHes' levels, Trading blaykencl later
win IN" genera! recession OF prices. bur
total transe lions Appropriated i.;jrlO
~ various times Il was cvjdc,, IVA, .,li.
i2S FOR profit was proceeding Oh an on
urged scale while new buying seemed t.
h" on more cautious or tentative char
There were indubi,ahlc signs tina, tho fren-
5,.co mo'emtnt in war shares had caused
som" r-adiustmcnt of tho existing abnormal
situation.
RAILWAYS and other issues witch once r. rci
a. speculative favorttes was regarded as
tors Of the lls, Speea,, Il, 'es sia6 ?mt
ot me more direct war variety, derived some
o. ,n,a4Ns aedrd strength from tic revival
iinr.ncta am1nE the spccial,ies which broke
80. Cfuo!hle Steel 80 \, .6.S, rcn,a az
g,,or2er =; a, g, and American oar and
w.ie reduced hy $ 10 ? points while ",h.r
active spectaities closed a; actual ios>ce.
ne set;imen: OF the details ~ TIE ,rier.
national loan but offerings ~ Bills on Lon
don md Paris We're relatively irht.
of h!gh Grade ISSUES in The is,,c- ,Ios,,,'',E@
lG;a, sales pay Ya!G". aggregated g.. 80 D.1,.
United states bonds were Unchanged oa
Nv ,'YooRt- sent,mbor Me-canr.re
t5 70: ' - ~ I. .F .T'y4a ,H!ll.
80 .nEe; ~ Mex.'a6 do S6 Te' ~, t:a%.
g resgis 2S ,Ss s;sady halros4 bonds. r.
H.'.' a!nety days -. >i% months. 3 a.