Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-24
WAR STOCKS CONTINUE
AS CENTER OF ACTIVITY
Market Acts Remarkably Well in
Face Of American Note to
Germany.
BETTER DEMAND LOOKED FOR
.Well-Seasoncd Industrials and Rail-
roads Display Irresularity Mt Open
So ,;ng-i,aldwin Locomotive Still a
Speculative Favorite.
BY BRoADAN WALL.

Nt.N YORK. July 2S.-The stock market
Of the American note to Germany. and
ss to lead bulls IS to ma sbamaGn their
Wednesday and yesterday indicated tina,
4, was ready FOR a decline The strength
to-day was particularly gratifying to those
Ger. expect the American ,ituo-
ton TO wanc as an influence from now or.
and for that reason look for better de-
War stocks continued to he the center
81 srn nrti,y .hGwnE advarre At the be-
industrials and railroads displayed irrer
attracted attention in tho hrs, ten min
ntes by opening with an a'vancc OF III
points Us and rSlnE points addi;iHn.i Dur.
0sr- nc v.c;'; .-a,urc thc .o",nHn drop
: points and the h"nds moro than points
Selling of tho bonds represented the urgent
dTerp"d tho pr,ce from cox to :s 81 s1, hen
hc exhausted his order there was y quick
rebound 20 80 with a subsequent drop OF
point.
Railroad shares. with the, exception Of
Union r"riiie' ,w were hsayy tnronEhoni ;hc
IN Ih'cas" Rock island and rrncihc. and
n thu %,G'r io !" MiisG a I, ;' The '"1sr
VA down mere than point at one time.
hu, recovered '.onis,iii. aud Nashville
,lroarcI - points. and Texas and Pacific
more than points:
Baldwin Locomotive continued sr"ru-
iativo ,syor'te. aud ro.e to the new high
price .of go, cmin Of points.
bisu'lers Securities Corporation was In
demand throughout tho session. The, stock
1T one tine rose points. and closel with
only fractional recession from tho higher.
The touching OFT. OF stop losses ill., the
late afternoon broke Mexican Petroleum,
gSm GHo ,no ~ to E, h., inst as fron i,
Washington. printed ON the ticker said that
Secretary OF state Lansing had hold
States would have 20 step into Mexico AMI
restore order McNicnn Petroleum imme-
rise Of more than = points from The low
OF tn. das. About points of this gain were
Tho quarterly statement of tho Corn
Products Company was issued to-day. II
Show"1 cnrr'n, Profits of s. oGi. :o?. against
and = ic'ancc after the preferred dividend
CruciSlc Steel was less active In, ncld
Fra.
NEW YORK. ru,y SIS" Ear as a,tual
results wore concerned to-duy's stool; mar
There Il further downward revision Of
some Of the war spccialiies. to which Beth
lehem steel common and preferred prove!
the most notable exceptions tho former
repeating its recent high quotation Of GOT.
and tho latter making new high AZ lc2.
Baldwin Locomotive also broke into now
values. shares like ST, rani. rsnadian G Pa.
and Pacific descended 10 lowest prices In
years All the carriers in the Southern aud
heavier At declines OF 10 points. Actual
new low prices were established by MIS-
souri, Pacific at HAk. Scahoard Air Line pre-
ferred at 3oi.. kock Island at ioi. and Nor-
folk and southern at l..
The chief factor in connection With the
hcaviness of the Southern stocks WAS tho
Encouraging cotton outlook resulting from
tho war. together with unfavorahe earn
tnGs. cotton options were mostly higher.
however In response !" an urgent demand
Dealings were the lIEhtcst OF any recent
session
international conditions. particularly the
impending reply ~ this government 10 Cor
many. furnished the basis for much or the
days hesitation.
Bonds irregular. with II renewal W FOR
ciHn selling. Total sales. par value, nr
sreEatcd si6i:,6Nn.
United States bonds unchanged on call.
NEW YORK Iu'y 22.-Mcrcantl- paper.
%n&is. Sterlims. slNty-day bills: $500; for
demand. $3.50: for cables. Si..7 BAR sill
yer. 49,. Mexican dollars. 3Gis Government
hords steady: railroad bonds IRREGULAR.
Call money, steady: ruling rate, -. Time
loans hrmer. siNtv days. ~. ninety days.