Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-26
ANOTHER SHARP UPTURN
OCCURS IN STOCK MARKET
Results From Request Of Germany
for United States TO Delay
Action in Arabic Case.
SUBSTANTIAL GAINS RECORDED
Standard Issues and Spccialtics Make
Most of Observation-Disclosures OF
Stocks Encouraged hy Improved
Diplomatic Relations.
IL, uRoADAN ALL.

NE" YORK;. August - ne 500
mcut by Ambassador Won BeTnstorH
tina, /; was not the intention OF the
German government to have Amer!cahs
Killed, and 4 request 70 delay acton on
the Arabic situation until! the ottCiaI re-
mort was received from Germany re-
suited in another sharp upiuIn IN the
stock market to-day.
showed advances of from . 10 10 points.
the maximum gam being made IN
Studebaker Steel common had very
active opcning ln.I"o shares changing
hands at from - to I6. ;hc latter quo
turiou representing gam OF points.
After the FIRST half hour. stocks were
supplied for the remainder ~ the SEES
sion reSuitiu. in substantial! reccssions
from the best OF the day, but closing
with gains of from TO points IN
inc standard issues. and advances OF
from to points in the spccialtiss..
The improved diplomats relations
we're used by the commission houses in
their market letters, mailed this even
ing. TO encourage purchases OF stocks,
particularly the railroad shares The
recession in prices from the best was
considered natural by brokers. in view
Of the sharp upturn that has taken
the sinking OF the Arabic. Any further
recession is expected 10 draw out re-
ncwed purchases for long account
Railroad shares showed little moro
enthusiasm than for more than a week.
This was attributable 10 the increased
earnings and the decision OF the Inter
,!nc the railroads to raise the rates on
crude petroleum from II to 20 cents.
lncrea sed evidence keeps coming TO
hand daily that the commission realizes
the Injustice OF many rates. rOtwith-
standing that its decisions in instances
like the Western rate and anthracite
cases have not been 10 the liking OF the
railroad people
San Francisco and their counsel held a
meeting to-day, but failed TO whip the
reorganization plan into shape for an
nouncement The plan is expected.
some say. 10 contain novelty in the
way of organizations.
Tennessee Copper in selling At - SIS.
sold at the highest price in its history.
Buying OF the shares continues, owing
10 reasons freely discussed in this
Mmch mystery surrounds tho buying
Of the stocks OF banliruDt companies.
Island and Rumcly. Interests connect
eli with the properties profess ignorance
of any developments that would war
ran: purchase of the shares. and on the
other hand claim the outlook is very
blue Brokers claim that the purchases
are largely for people who are ignorant
or the financial position Of these COM
panics. hut have come to Wall street to
speculate and are buying the bankrupt
companies shares because they sell Tor
a small amount OF money. The brokers
say the would-be spectators believe
the stocks arc cheap because they are
selling for low price.
NEW YORK. August c5.-Cumuative i1di-
ca;icns that the cor'pications GROWING an,
of tho sinking Of the Arabic are likely to
pass without serious disturbance OF rei' p
lions between this country. and Germany
impaired further hdoyancy TO the stock
lnaike, to-day Paradoxicallv. the strong
est and most active issues were the var
shares aud ether securities having more
or less relation to the foreign conflict. Tn"
,,A:ks, was broader than recent sessions.
and railway shares O: high and ow degree
manifested prominence at Substantial gains
Opening prices offered = for-tast" "f what
TO come, spcciaities showing immcdia'c
gains ot TO points which soon were on
TENDED 10 as much as 10 poin;,
far ouidstanced all other operations At 70
make that stock the overshadowinE fea-
SURF u one Of the several ind 2strials
and Srecill;ies tina; recorded wide" open
a sale II 900 shares at :; II &c. rain Of
? points. Later. il made further gain 10
7sal, within point OF its high price %
Other maximum gains .: the day included
49, for WHY'S Overland al IS. -. for
Stakeholder al :i7A,. for General Electric
tor New York A'rhrake at 10. \ new nigh
record MADE by l.ackawanna steel at
Sc on IFS added gain o. points.
Canadian PnSihc Led the railways. gain
itneaiais, hcsGinE ara New haven, showed
overn!sht gains Of 70 points
Fonds were strong, with an absence OF IN"
orstsn 5enE Total sales
bonds were unchanged on call.
NEW YORK. Angus, 2a.-Mercan,ile pa
silver. is7, Mexican .asiars. 81. Government
bonds stcady. Railrsad,sonds. strong. Time
Ioars. easy sixty days. q. ninety ''avs
:a.aS; six months, So. Call money, -,endy