Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-29
WAR ISSUES CONTINUE
THEIR UPWARD JOURNEY
Bethlehem Steel Scars Up to 260,
Showing Gain Of % on Days
Trading.
NEW TOPS FOR OTHER STOCKS
Crucible Steel Is Star Performer,
With Final Price an Advance of
1534-Standard Railroad Shares
RELOCATED To Rear.
ny BnoADAN WALL.

NEW YORK. July 2S.-Standard rail
road shares, which for about an hour
on Tuesday surprised the street by ad-
vancing from to ; points, were relc-
gated TO the rear of tho stock market
Today by another speculative wave in
issues 10 new high levels. Crucible
steel was the star performer of the
day ciosimc vim net "a ndr an, . of Of
price teime the highest, Wcsiine-
house also made new top as did Beth
lehcm Steel. which rose - points TO
stocks were strong az the opening.
Steel common hCiuE a feature and hay
Sc. in which l2,ooo shares changed
hands. thus rolcctinc the favorab bic
impression created by The Guart;srly
nlso occurred in st PAM and Union
Pacific
Immediately after the opening the
under leadership OF Bethlehem steel,
and began their daily climb to new
attitudes Under their activity profit
takin'; appeared in the standard rail,
roads. and as the session progressed
they were comparatively neglected. IN
the last hour the railroads turned weak,
but the demand for the war stocks con-
tinucd right up to the close. When
The days business had been transacted
II was found that more than 100000
shares had changed hands. the greatest
turnover since May Il.
PURI.IC Is TAKING
INTEREST IN MARKET
Commission houses reported evil
denccs OF the public participating to a
larger extent in the market, especially
The firms with Western wire connec-
The speculative craze in Crucible
Steel and the resultant rise was the
feature Of the session; The rush to
the market closed, hut the speculative
appetite being unappeased. dealings in
the stock were transferred TO the curb
market; where after the close Of the
up TO IS. Total dealings in the stock
ON the exchange amounted to more than
only 245,7s4 shares outstanding the
days business was equal to more than
so per cent of the total outstanding.
Brokers who were on the floor of the
exchange said speculation in the stock
was so wild that most OF the time diff
terent prices were quoted III different
several times there being difference
Of ] point between quotations at which
trades were made in the crowd. Brok-
ers said the floor traders have been
buckinE the advance in the stock by
putting out short lines OF stock only
to be forced TO cover At higher prices.
They also rcported that the supply OF
stock in the Street is very small, which
facilitates tho advance
BuyyinTf &c OF S Erucible was was said to be
that started the rise in Bethlehem Steel.
For this reason many people who don't
even know the capitalization of the
company. but who are Specializing in
The shares. say II Will be second
Bethlehem steel. Brokers have given
up trying to persuade customers 10
keep out OF Cruciblc. one broker told
customer that he thought the stock
was ready 70 break wide open, and that
me terrific pace could not be maintain
I'd, but the customer gently reminded
MIN that he had also said that about
Bethlehem Steel when the stool, was
shogt 200 points lower
Floor traders who We're short Of
--Gc!hle Went nome tonight hoping III q
German submarine would become ac-
1--WE again so that they could cover
without paying through the nose"