Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-09-28
TRADING IN SECURITIES
FEATURE OF THE DAY
Moro Than 200 Corporations Arc
Represented i'll tho Quo
tationS,
UNION PACIFIC GOES HIGH
Norfolk aud Western Advances Five
Points-lnspiration Copper Moves
Up to New Rccord-Cruciblc Steel
Reports Big Orders.
ny nnuADAN WAN.


Reports Big Orders.
Bl RRoADNN WALL.
NEW YORK. September 2I.--Ncw
records were made again IN Wall street
Today, and the volume OF trading was
more than 500. 00p shares. The feature
IF the day, however. was the greater
number Of securities traded i'm. Moro
;han 2u0 corporations were represented
in quotations. Ii seemed that stock
holders OF neglected companies had de-
tcrmiucd 20 give their securities II place
in tho run. Furthermore. there is much
buVinc OF stocks not active, on the
theory that they must make NJ sud
denlv what the active stocks have been
gaining through weeks of trading.
In one notable instance to-day this
theory proved proiitabl" one. Tor
General Electric advanced 6 - points
i'm "A few minutes of trading. south
Porto RiCan sugar advanced =. Montana
Power preferred went up i. and NJ
laut!c coast Line = Ia. other inactive
issues were up point or more through
out the list.
Or tho active issues Union Pacific.
New York Central, Norfolii and Vest
copper distinguished themselves with
Uc, h!-hS
EXTRA DIVIDEND
o\FIDENTLN EXPECTED
Union Pacific made its high price
lust prior TO official announcement; that
earnings for August were :" per cent
.rcmtcr ,han last years gross. ANA
about - per cent greater th"n the net.
II is Impossible 10 conceal the pros
pcrity OF the railroads ana the extra
dividend on Union Pacific is confidently
expected New York Ccntrars activity
is believed by the Street TO be due TO
extra dividend plans OF Union Pacific
Norfolk and Westerns advance Of >
points revived the rumor that the Penn
sylrania is planning TO Offer To lease
the company on a per cent guarantee
Norfolk and Western needs no guaran-
tee 10 insure { per cent dividends. If
the present management is left Gnd!s-
turbcd
cuba Cane Sugar gave a good ac-
coun, OF itself, particularly in view OF
the fact that the insiders have dis
posed OF 5000 shares of the common
with the preferred The surprise is
that this stock has been we'll taken.
and the collapse which some insiders
ardcntly hoped for to-day. when the
stock was delivered, did not come
REPORT OF NEW POOL
Is WILlYS-O,E HItNU
On the floor Of the exchange ru-
NOR was current OF new pool III
close TO the management were advising
clients to exercise their rights and
take up the new stock MaNweIi was
another stock well spoken Of To-
morrow is the day for the meeting OF
the Marine stockholders. Wall street
expects another live tight, Ia antici-
heavy accumulation Of lut"ruational
Mercantile preferred this Afternoon.
The pool in the common stock that was
recently liquidatcd is beginning To
pick up the issue again. and Will take
ADVANTAGE Of amy fight THAT may de-
vcl"p at the meeting Ia Let ch"ar
stocks
Copocrs were quiet. "a a class. hut
iuSpiration Copper moved to q new
high record. The stock is said 10 be
good m.any points below 1,'o,, ,he lev We
CruCiblc steel reported additional
orders :ol $4,000 shells, together with
a demand in excess of the supply TOY
hich-Spccr steel. OF which II has al
most thc monopoly in America. Ih"
russian government was reported 20
bc stt!I drN"!ing for the 10000 freight
ears rl,cs" are small cars, and the
order. If pacrd. viii not mean a. much
as tho figures al first glance seem TO
Indicate.
NEw YORK scp,cmbcr 27.-For tho nine
;o"uth consecutive session. eNcusiN" NJ two
Won't NH hcvnnd looo C6a Share re- very
lars% proportion Of ,hs turnover consisted of
tiuGuishcu from snc"ial'"s q; less si"'d"
.Thr so-c.llod narrinans. narrieular.y
Union Pacific which led ali stocks In N
NortolN .;,d Western. and other coalcrs. the
sr"nsyrs Nsw y"ri, I ,g and PPM
,hc rails on gain, Of to points, y"rc i
s.luai new rod Tor BEADING ., li1'v
srtratien making new maximum 81 ~.
with further sccunulrunu oi Ana.nuda,
shares wcrc mostly at higher quotations.
General Motors making gross gain of IL
in T9GI prin. hre FS as o,y s f ",Grs;
CANNON md ur,forr",. ana american Root.
Final uri,'- IN ma ioritv of instances wcr"
., fractional "u uout rroossi"ns from tho
GsN h'@' hli'H ,Sl"l'S steel closing az