Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-09
NOTE OF STRENGTH GIVEN
TO DAYS STOCK MARKET
Character OF Buying and Of Stocks
Bought Is Unusually
Good.
TRADING is DULL, But FIR,
There Is Indication That Higher
Prices Are on the Wny-Confi-
dcnce Encouraged i'm Industrial
Issues by Activity I'm Spccialties.
ny BROADAN WALL.


NEW WORK. February S-rhc character
Of the buying and the character Of ;hc
stocks fought both good. ga" not"
or strength to ,o.dny's stock marks: Firm
moss was accompanied by Gn'aes. but.
although tho volume OF trading dwindlcd
:'S the day progressed. there ndi-
cation ~ higher prices TO come
I;",h,chcm stool and Reading wcrc min
49, ,"eh Tor nrs' rlac" Fron f''. Both
ieh"m steel rose 70 "5's Attempts OF shorts
10 c"N"rC ,w,er" partly responsible for The
"oFnut". although j; is believe! an active
h"'l : nt;"mntinr 20 force the prize an.
TN re -s is Sa,a . be without III" sane
Reading dipped to liHs. and then re-
SS@yE'5Ca roi"i who're mos, Of the day:
n m prize. but. ,nari,S,-Wise, ,Ms stock
h so' desn,nr r'GnG va, rd "r point Ct
The opinion prevails however. ina; u"iiIa
rnmors OF proposed issue % preferred
r Norfolk aad Western recovered y point.
irnnSElNnnin was strong and A'Chispn
steady There was no selling pressure tor
ioTe'en a@c9mn;. Great Northern ore sold
M !" = There is a strong hullisN feel
ing on this stock In some conservative bank
American Smelling rose moro than 2
points II is understood that now pool
nh;HS been formed to advance the price
srond, "nd were barely steady.
Many %; the specialize, were strong
value Of this stock is SO the market price
is equivalent to s." share As a nondivi-
5aifcrnia Petroeum " shares werc s,r Sis
The tuyinG looked good ana /, Is be
issues. Mexican Petroleum, Vas quiet, but
hrnl scoring another fractional advance.
day. From 1914. tho price rose TO 1873. I'm
..ned!nicly after the close. !; was announced
mat tho directors had declared quarterly
dividend ~ the regular rate OF 81. per cent
H9 i,ri,,,, Were active at mixed prices.
trading for their profit found little comfort
IN io-cav's market. hut houses with West
crn connections, Boston wire private
phone line. 10 speculative bankers did a
good days business
trial issues by market activity In srcciuItics
ii present plans arc carried out.
NEW YORK February s.-subs,an,ial re-
cov"ri"s from recent low prices wcr" nu-
merons in 'o-day's Irregular stock mar
!iaIt'"s which hay" little or no public fol-
lowing Such shares Central Leather.
motors. and few affiliated issues ros. from
t" points american Smelling ANA Ma,
strong, iheir rise, according to report. no
ing based on Improved trade conditions
ON advance in the refined pro,luct
In III" Industrial division. Rethlche,n Steel
en- steady absorr;on United SUITES Ssi, ssS Steel
WAS hrm ht"urh"ut the session.
ment companies. shares OF thrSs
concerns Were ConspiCuously weak Amer
'cnn Locomotives preferred made pcrpel-
dlcular decline OF - points to its min
,nun nt s. Dlh"r stocks 10 fall to their
established low levels included Baldwin
'."""m"uv, common aud preferred. Sea
h""rd Air Lin" and preferred and South
"ru Hallway preferred
'nundian Pacific Wusthc Ccutr" Of inter
.si in The railway group on dividend rumors
The stock fuCtuat"u over points. closing
At rs best price ana being Immediately fol
loved by announcement of the regular div
!icud. Reading and the Pacific. were nm iar
bear pressure hut closet with a firm under
tone
Foreign exchange made new low rec
ord. ca hles on London selling under last
weeks quotations business for l.o-,lon and
IN" Continent was nominal The plethora
"' money at this centre seen in thu"
reduction OF four months money to :
per cent.
Bonds were Irregular Some OF the I'm
pcrinn' Issues showing hcavincss
United states Registered - declined !.
i'cr cent on call
NEW YORK February $ Mercantile pa
per. %fHi ,Sisrlimr exchange weak: sixty
day bills. Ss2; Tor cables. 81 S2ti: Cor lie
Inani; 81 So Bar silver. 49,. Mexican dol
lars, s. Government bonds. easy railroad
bonds, hrm Time loans steady: sixty DAYS
,all money, steady; ruling rate