Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-02
BUYING IS AGGRESSIVE
THROUGHOUT TRADING
Expected New Note to Germany
Causes Gains in Market From
I TO 3 Points.
srECIALTrEs ADVANCE SHARPLY
Better Tone Apparent From Start
Many Who Sold Out in Past
Few Days RcpurchaSc Their Stock.
Steel Moves Up.
ny BKo,n\N WALL.

NEW YORK February E>r"etations
contain proposals acceptable TO Germany.
together With an improved teChuicni n"Sl-
IN the stock market to-day. Buy!HS MAS
rxGrcssivc throughout. pud anal prices e.
cepi In ,he var stocks. which sold ."
best The rebound was featured with sharp
advances In sUeh sr"eia.iies as United Sinies
Sugar. the foine rising about 10 points ana
The better tone MAS apparen, from the
start initial prices showing gains ranging
from fracu,n to a fun point. The better
War stocEs were a. tho from; win sub
stnnt!ai gains Many people who had sold
stocks Brokers declared ia1t the lower
level OF prices had induced some investment
good demand and rose more than points.
Coppcrs also participated in ,he rally. as
did tho oil shares.
IACkAW.NNNA STEEL
Brokers said that customers buying for
chosos the Tao, ;ha; stocks nave declined
almost 10 Der cent not"!thstand!"s thai
there has boon no change in the general
business situation 20 warrant the doprecia-
ton. This .,!s" Inspired buying: FOR the
speculative auconu, together WIN declnra-
t!ors that tho technical position OF The list
had been materially improvcu 10y liq,du-
ton by tin, rink ana nc which refused
brokerage loans about . per cen; a com
I.ackawa.n.i Steel was we'll purchased on
persistent reports that the now steel merger
had been completed. and mat announcement
OF its conclusion was being withheld in
belief that the recent decline in In. general
market had made conditions uupropitlous.
Unofficial reports said that I"ch.twanna
Steel would bo taken III on Tho basis OF goo
q share, Cambria at $50 aud YOUNGSTOWN at
500. \ banker said to-day ;ha; reports of
true.
United states Industrial Alcohol had an
has recently obtatuei nluoh nntoriety The
rise Mas aecomranied Notwithstanding that
!at" Yesterday OWING 10 III" decline IN
progress late yesterday. it was onir natural
untaTy Information. some buying 81 the
Sharcs WAS Attributed (" discovery OF = new
method ~ atst!liaiiou which. II was .ail,
Would i'EIt 10 making available valuable
EniE Shows >rHy ,;;@S,. ;, =, .r,, .
whcr Steel common Vas sgIItns ,r"in,!
S2'2 tho hish poin' Tor the day, reports
Carnegie steel Company's plant a, Youugs.
town hn" strike on Il, hands, \, the
headquarters of 30" umI'ed states SEQ! Cor
rorati"n, %" uuNs Of sUch 4 report had been
receive. Tho beers were given @rcdit Tor
Eric was prominent among Ia. rails for
us srcnEi- N on" time - showed d gain
le;ors bough; Nhis ISSUE ON a belief Thai the
provel by ,ro deciiu. from 49,. NE h!eh
established 10y tho syndicate In The shares,
20 -. Yesterdays low. Purchases were also
insptred hy reports that Tho company was
common a:tsr allowing 10: ,hu fuii dividend
on tho hfst and ssouud preferred
som" httc disappointment was EXPRESSED
when ia" american Can con, pauv's annual
rrpofi was announced. showing thu, earn
tnEs oquaied only Is per cen, Oh The com
mon siGtk Whereas predictions % 20,
cert had beer made RECENTLY and uy.n 80
Hu!! argument on the shares
NEW YORK. February l.-t!prtautil, "a,
per 3d3i. sterling, siE,y-day btl!s s4-ii,:
dcDand $ii5; cDtlos sac II IT, s,r sllv.r
49, "sNgy" ,H"i.AEs 7''' GoEcrmm.ent
loans steady; sixty ana riHr,y DAYS ~
81 months 2'."3. cali money. steady: