Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-29
FRENCH CABINET CRISIS
CAUSE OF LIQUIDATION
Declines in War Stocks Range From
TO 81 Points, Studcbakcr
Being in Lead.
RAILROAD STOCKS STRONG
Market Has Two Weak Spells, Sec
ond Being More Pronounced Than
First-Tcchnical Strength of Cen
cral List Impressed on Brokers.
r., BKoADAN WALL.


Try BROADAN WALL.
MEM YORK. october 2>--RcportS of {!
crisis In The French Cehinc, and renewed
rurnors % peace caused heavy liHuidauon %
the war stocks to-day. ami ioclin"s IN their
nlricGs rnptmf from to G - p%in,s; the
Throughout thg smash in IN" war brides
the railroads attracted attention Ivy their
lar OF strength tn tina, group. The market
hn6 two weak spells the second being moro
prououncod than the first. y good demand
imp-"syct brokers with Tia. technical
strength OF the general list following the
house cleaning in 'hc war stocks
coprer stocks, We're prominent for ih"'r
strength TN nn irr"Eulur opening. Anaconda
,ouch'uE g new high price Immediai"ly #
10, the horiuning ~ trading floor traders
Western houses Mere also conspicuous as
sellers. Cuouuons gradually cosed OFT, un-
feeble recovery. followed by another break
In which the lowest prices for the session
fayoritos In the rebound that occurred in III"
late dealings the latter advancing Il. points
owing 70 the policy OF the commission
houses tn Insisting "n heavy margins Few
mission houS" mis- week. notified rs Gus
toners tEut II desired margins on ia" war
value. and that accounts should consist OF
20 per cent iU4usirHls and 20 per cent ihii
methods Of doing business that prevented
tho break TN the war stocks from extending
20 a greater degree today.
tina; which occurred yesterday 10 burn upon
the minds Of ne slcculat"rS tn" persistent
advice OF conservative brokers to buy III"
Tho low priced rarroads such as Eric.
southern Railway and Kansas City Southern.
which have teen scorued hy spectators
because of their narrow price nuctuati"ms
W,ilc tho dccl,ue Was in full swing. hrok-
crs ported tina, offerings of Erie w"r"
snatcheG m 80 fast that they withdrew
selling tremendous
n-tnd for the stock was fuzzy reflected IN
Men 5n G S% enc % S %:niS 'F% e s
Is nn abnormal movement, considering that
there Is uuI" than million shares 81 tn"
nounrcG w,r. IA vorai,i.. northern rnc!;i,''s
September statement showing q gain "f more
than $5ra"Nl in net Eastern railroad -
potts Tor october an" N"Nemhrr n" ~
imGs viii enable the railroads :" order NOR"
cpuipmont and make long delayed improve
m"nts. thus increasing the business OF tho
Eeihlchcm steel common was ONE OF IN"
attractions 20! tho day. When the war stuolE
We're hreakue badly, an inquiry rs "a tn"
price pr"Nuil'us for Tho stock cliyit"d the
"a closing quotation of ..G oi "Wednesday.
To followers 81 the tape this indicated mis-
E!v!rE> and certain collapse. N"t sal"
was made in the stock until IN" lat, after
noon. whom TOW minutes before tho clos"
string ct Bethlehem steel common. cam"
out on the tape GOVERNS" min" transactions,
to'4hnE IPl snares' ,; an" meEinnlnE q, ~
the quotation on til" M, sale al 100 shares
md the sego"d VIZ u r9ints. .,,
terror into tho Hearts OF those WHO nave
been following ne advance in ihs stock
and were pyrdmidirg. During the p>ra mid
INK process however, brokers have iusi,'c,!
on nhn9rma!Iy l're mafrims 50 toa, the
smash lid not snake out those pyramilrr'
whose brokers adopt methods that Insure
gGod nights OF sleep
Bonds were again higher u" demand Tor
second &iSGH ISSUES increasing.