Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-21
STOCKS ARE FIRM AFTER
PERIOD OF |RRECULAR|TY
Net Results Convinccs Many of I'm
DERIVING Strength of
Market.
FOREIGN SELLING FEATURE
Local Traders Nearly All i'm Favor OF
Rcaction-Coal Stocks Again
PrOnincnt-IsondS CndiSturbe<l by
Hesitation in Stock Market.
NN RROAnA\ WALL.

NEW YORK. January cN--StockS closed
no, result can2ineSd manr 'S Of ,he under
lNinE strength 90 The market. for foreign
fully. 900 shares ard local traders we're
nEWHrE ai!in favor of reaction.
',nucs apd is NOW studying tho fourth
,lm,nsi"n, can anaiyizc three. but tho
kct :" absorb s,ooh or to assmilate an
offerings foreign and domestic.
Missouri Pacific l"d in activity With an
s'% mI;., sy'ppPs 'hse,i TeNas Pacific sainsd
Wabash issues were active though I'M
Coal stocks were again prominent. Read
lm"remrnt I'm This stock appears "a be well
ana Eric was active around p The buy
inr IN thcs" shares IS somewhat of a rys-
the stock is coming from London. Foreign
hoTscs sold N"lr shares OF Missouri. Kansas
vance" and the stock a point Tho
preferred was oven stronger with ..
,o In NE s,eei issues Bethlehem Steel pre-
common snares We're soft on tho announce
lucni that no dividends we're contemplated
i"r some time to come" 1t is believed Ia"
bonds TO provide funds for Improvement
and a Larger working capital tirca, North
iha, new contracts would he made with
the Colorado Fuel United States Steel
common was unchanged.
'asi"T Shelters strong rumors OF an
and Utah was nr,n '''
American Hide and Leather preferred rose
20 IN. Reports of increased earnings would
4ppear to justify further advance Mex
lean Petroleum was strong. and favorable
expected mex; week
Bonds were undIs,urhcd by the hesitation
actions totalcd nearly s,%N.o 100. With a widen
ing interest in neglected issues.
NEW YORK. January N.-Thcrc were in
di"ations Il; odd moments OF to-days stock
market session that The limit OF absorption
had been reached. hut these were dispeiied
IN the later icalnes. when broad buying
movement wiped most of the early
losses ana scnt numerous impor;an, issues
10 me highest level attained since tho
showed marked decrease from the pre-
cedinS days extraordinary activity. bat this
was more than offset 10y the gain in bonds
tho business in tncsc securities ngrrcrating
me largest amount of any day since the
Aside from continued activity in Missouri
rnrinG stoek' !"w-pr;cei stocks were less in
group being dun ANA lower Rethichcm
Stcct common Na- Inclined to droop
rurors that no dividends would he au-
ihorilcd Tor long time and Pressed Steel
gar itu prcS'riiat,iy on report that, the
c"ntrrcis recently under negotiation
leaders particularly United states steel
ana the principal coppcrs. board room Cos
.in attribuiing tn" temporary heavness OF
from all accounts. disposed oil a moderat"
amount Of American stocks ia this market
AdNiccs from Pittsburgh gave more
favorable aspect to the outlook FOR tho
steel industry Copper prices held at II
cents, hut som" disappointment felt
nj the AnalErmat,d dividend
Many 1i N DAYS gains in bonds were
~ snccuIaiir" Issues advances extending
from to per cent.
G"'@G states sGyernmen,i registered Is
New YORK, January 81 Mcrcantilc pa
mr. SGT. sterling s>chanrc. barely steady;
siNty-day bills, sisi;5; Tor cables. 81 'iGj for
demand. Si>3\h Bar silver, -. Mc>ican
d"iiartS 37'2 Government bonds nrm:
railroad bonds. strong Time I"nus. easy;
slNtN Gays y. ninety days. 9: siN .nnnths.