Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-29
MARKET GIVES EVIDENCE
OF ABsORPT|VE POWERS
Prices Hold Firm, Despite Realizing
Sales and Weekend Closing
of Contracts.
RAILS SHOW BETTER TONE
Specialties Are Strong and Active,
While Copper Shares Display Con-
siderable Strength-IIiberal LiQui-
dation I'm Standard Issues.
BY BRoADAN WALL.

NEW YORK, August S.--Thc stock mar
Ike, continued to give evidence to-day OF
Its absorptlve powers. prices holding firm.
Notwithstanding realizing sales and week
END closing OF contracts. Activity md
strength OF specisities attracted attention.
better tone apparent in tho rails
Copper shares also showed strength. Ana
conda selling at the highest price since tho
sinking Of the Arabic
:, strong tone. prevailed at the opening
point While the .spccialties were being put
ahsorSed Dis,ribu,ion is said to be going
on for the account OF the professional eie-
ment and brokers declare the trend OF the
marie, early nex, week win , hinge on on
offset the professional selling.
Interest In tho coppers Was stimulated by
additional improvement, IN the Demand for
lsi.c pound. an advance OF i,c. Domes.
to- day to nave ;otaicd 100000 pounds.
Chemical stocks were in good demand
al Chemical showing substantial gains.
,Accumulaion OF CALIFORNIA; Petroleum
eordinF 10 brokers, and Tho buying in III.
last two days has been OF very high char.
acter. The purchase are based on N. i'm
recent advances in The price OF crude. ii
first six months % the current; year we're
wells, together with interest on bonds there
was balance OF about $4,000 which is
the Sly months on the prefcrred stock.
pii,son-gh Coal preferred rose point.
back dividends
W sns ,s. Masy!and shares were in good de.
s s"9 ' IF eafnnss rop v ,Te,s9e
chases
Hst2na e4Es,9ss rtGs5'fs FER JUL
cteassd N,oG ard onsrs, 'nr ine sns ,s .n
~ Ontario and Western announced a d.
NEW YORK. Angus, % Moderate ac,iv.
Price WEI" the Principal features 81 ,o-,!oy's
STOCK market The bulk Of the Trading
displaying variable tendencies probably a
result OF contract settlements. Tennessee
COPPER was again tho chief feature among
70 nA' 3'- points from yesterdays close.
.opners wc,c consistently strong, hu, showed
Jew material changes At IN. end other
ticks inoinGing Fertilizers and Chemicals
United states Steel common .e I,e '' yes
trriay.s high aHota,loa o. -. bu, yieiier
slightly a, the close on further profit taking
, h NM, n"til"ss iheFe eame DEMAND, for
and few other ,nino, ratiwsyt On nm" a
sinel. sale Of ioo shares Be;hiehem s:eei
preferred rose 81. points 10 40
we"kiy trade fe,irws wSr" again NJ on,,.
n. m''t tic ,snor With broadening OF a-n ana
Interest was manifested In the tur.ner
imports OF British gold by way OF Canada.
Gr' bankers identified With TIC TRANSACTION
Heciined 20 disclose the amount az tic gold
an" securities involved In,,.nd ...ritn1
hroke ~ The new 10" record Of $4sc- Rate.
on PaT!s ard Rome also were weaker
bonds dealings were light. with lower
Al United States bonds and Panama :.
49, .,wer hy Il TO !: per cent On call
NEW; yyoRE Angus, gs-Mcrcsn,i,c pa
rcr A."5*. Sterling. siN,y-day bills ,.s,.
l"r d"mhn!, {i.3-j. for cables t4s37J bar
t'l'cr. 's7< Mexican dollars =: