Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-12
SPECULATION RE- TURNS
TO WAR STOCKS AGAIN
Railroad Shares Strong Early, but
During Afternoon Become
RcactiOnary.
HEAVY SUPPLY FROM EUROPE
establishment of New High Price for
United States Steel Common Serves
to Indicate Continuation of Up
ward Movement.
ny HRoADAS WALL.

NEW YORK, october u.-Speculation re-
turned to ;he war stocks today under
leadership Of Baldwin Locom,iyc AMI
were strong carly In the day. hu, during
tho afternoon were rcac'tonnry due t" ~"
establishments Of a new high price 81 ~
for United States Steel common. which -
th, htrhcs; recorded since 1910. when Il sold
~; a. served To- Indicate a continuation OF
tho upward movement. The urgent dcmHnu
$4,000 tons in tho untitled tonnage or the
corporation a; The end OF September:
Execution Of the accumulation Of orders
uvor sunday by tho commission houses re
suited III strong opening gains. rarctrs FROM
traetG,n to Mi p%.nt III Csc Sou, Me'H ,,,cr
"a total IF about 0on"" shares "nanE"d
hands. business on the flooring n~i .1. so SO
on the tg0c. Toward noon Euror" bS%an 70
supply tho railroads. which reccdcd frnc-
continued throughout the session. While
the railroads wyr" nnd"r rresSnrs; n"xtnE
advance o. = .nt-. W,stiuEhoISe El""-
,utna at higher prices ass were ~" motor
,emca - rrow as tho murk., progress
The Fail, showed net fractional losses for
Brokers. who make close study Of human
allure In connection with tho stock mar
>c', expect an rrEsnt demand for s such
vania aud other issues known MS. half
stocks. that is. with par value OF $50 pcr
share These issues, are now quoted on
percentage basis and, when they ar; traded
in on Wednesday, tho dollar hasis. the
smaller numerals are expected 10 attract
Tho revival OF strength in tho railroads
Wealthy people who have been scoring at
n wild mnrk", In the war stocks Fol
upon Steel common the leading. no mat
ter what particular issue they maye be In
tc-csted In. for It is generally believed that
continue
unless steel common displays signs OF tho
highly rratfied when this issue had Wide
opening on trades of 1000 shares from S2i4
"a 90. the highest point touched In five
and steel graually eascd OFF 20 S2h.. but. after
absorbing all offerings IT advanced 20 S27s.
Vt this point there much curiosity
10 whether the forenoon top would again be
touched. but each time as the goal seemed
supplied ana 1t would drop back to S:'s.
Tho supreme effort however. seemed TO
Of trading when. after selling up 20 So,
and recclirr To So. It returned 20 So. and
OF 900 shares. Tho signs omitted by the
traders surrounding the tickcrs were audible
IN" close wa, at the hes, figure.
NEW YORK. October l,.-lnquiry for
standard shares In III" stock market Vas
gains in var.ous railway issues, notably Ca
madinn Pacific, II.chirh Valley, Louisville and
ain shares. tho trunk lines ana Reading
denoted pressure. Later Atlantic Coas, inc.
Rock Island, Denver and Rio Graude and
some other inactive stocks recorded IA
riablc advances.
Revival OF in,ercs, in some of the high
priced war sDecialtics. which featured the
later dealings. was regarded as natural
Ing from tho Balkan situation baldwin
Locomotive, Westinghouse, General Electric,
Irucihls steel. American Can and nethie-
hem StH"l common and preferred, rose
substantially.
Uni;cd states Steel opened with 10 oor
shares at S!,4 to =. It's record price for over
'.ous on sale OF one block OF :, 800 shares.
auto issues shared In tho rise, General Mo
tors gaining ; points and WHY'S Overland
going 10 go. \ reflection OF the last turn
IN Mexican affairs was seen In the price
"t ~. for Mexican Petroleum and rise
90: So In Mexican Smelling.
\ Few weak spots wcrc Continental Can.
which fol- S points. New York Air Brake
which fell -, and General Chemical which
los; points Of IT'S recent ,netcoric ascent
SpeCialties were at Nigh levels IN The 'nal
dealings
Trading was on a very extensive scale
throughout the session, with total ~ 80
urU shares.
Demand sterling was again weak. selling
li.C under last weeks low quotation Anrio-
French notes, on one small sale. was quoted
The bond market was firm a, the out
Total sales par value. aggregated s5.7H5,-
United states bonds wcrc unchanged on
SEW YORK October i--Mercan,ile paper.
80 By sterling sixty-day bills. $3.50: for
+twtHa, SitN.: io: tables. iLtsg- Bar sill
Yer i.'. ,.NIe.~c.n' dollars. 81. Govern
.ucu' bonds. stcaG.; railroad bonds strong
llwe .o"ns. nr'n; sixty days, "-,r%; ninety
aas- &43% sly months, 81. Can moncy,
"a