The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-12-28
..F|:'A|l|CIN|GPROB[EM|'SI.,I
y |
EW',,alllSStrcet Has \. Much " be
Thankful for ut tie 1Ioli- III
day Season. !. ss85
NEW FACT ON ii 4 ne I, MAR I. E'Tl'

I. a! 4 y
Especial 70 Tho Tlmcs. Dispatch,


8l Hill Especial TO The Times. rlspat Oh.
IN t1yya II DIRK dec. ntrnstcd with
conditions prevailing one year a q "
Street fi,Ius S,n,ichg To DO thankful for d 7
|sthssthe holiday is rug tlla ~
certain problems loom up inatfe market ,t'.
and toEinany spcc,llatiy holders q secur-
l5ities tile season Is not q 8 merry as ~
promised to be at c utsct sof lilo month y
and before the recent violent collapse IN ~
prices. sS4
5$ still there never sc t4swa y 4 inc when en-
l5thc security market was VII lou prob
lem ITO deal with Despite the break ana tl
l4he losses which have fallen Upon many
lspcculators, much that threatened ~ q. q
year d 90 has been putEbeliind us and IN
vontorys values III the linnds Of all III.
Vest ois and institutions are great ii1l-
pro Yed. n ,s$s
4 sighted nlci,, with scareel ~ ar, ex-
ljceptlon one year ago ex pressed the con- l
|sildefit belief he prove
one Of srccupcrato ion. blowing ~ y
cysna the mark & Of g ne re were e.
lproblenls III the liIarka len, as y oty, but
wifi satisfaction. Few OF he g xperts
who spoke 80 hopefully OF ;l year 9 + recu--
Operation twelve months ago loo ked ZOE ~
lS,Rild speculative 5rlarket or. o. reiliafka
price enhancement iii seeurl q
lpfstliem were out of har nlon y w III tlltlt
feature when ~ { developed. is Their u 0pes
were based upon Industrial cviYa and No
ythelr nred Iofis were Justiaed doyt the
l%impro yemcnt. that has taken place q " IS
doubtful ! ( THIS improYe nlent has been
$as great as has been repre- sent ed sNfslll
Street but = Is has been ga isfa tory In
I,nany Industries, and tic uture promises
are abundant " s 558SSj
Streets New T. blems
s8iSNvhat proportionBo last wee ~ dnllncss
|Fin;sthe financial mari was tracca 81 Il TO
the holiday season-n per od Of normal l;l
9inac In snec ulatl and 81
and what on {yns due y f. cis OF er
causes, such the COM
missioner G;lrtield IS report on corp ora ton
AFFAIRS and the kei N Of course, lrnpos@
sible to determine DO til plugs some
part and con riDuted ID n VS. ONE degree! 1T q
1.-the ma ed cont rnct ion 4 In deaHngs and
to- the $iriegularlty general 5iheayl ness
lin the specnlat i've quar- OF Bt he ma rket.
1T lis no e strange hat the mari ets should
have shown hesta ton, ~, here were III
$encess Efficient, dc 9TH real and transitoTy,
to account for the result 4 mus + be adj
mattsa FIN. 1,a Viii
yised replics INV hicil have, had d disturb
ling cff ect,ss ertain n ewi probl lens Il have
presented themselves VI all s trect IT
srcccpt weeks 55s i'm
Dizziness and $S ca eful I'M Discrimination
among securities by buyers lis not q the
liking of Yall street. NE period Of rest
5aftcr & tie recent act i've alton and
violent collapse q Is Ii lssuredl yf the best
thing tiia Z GO nld ha 70 1naTkets;
This ne true ~
tfc prol M
me eholoE ,ca
. u !, ~
81 SaS. s. II LII
u II, 81 ~
~ q az, Il n, pret
III ~ "a bwsco,intiess inns Of the
4, : Il c,en = tha i1nis
b preston thnt5t ne whole pcrforman cc was
merely i Ia 1esl1ltsSo OF the Trades .enanat-
ing from FI3ost on. hey Il glllofad factors
& which disturbed the depths and influenced
jeaution on the part OF Investors. Such AS
n ow Il c4ywhere expressed us u result OF
The Washington Developments and the
ngitation ,of IN grea t. inject touching Vital
5buslne ss Interests CHI is gro win 3 there
ltOHu.
Ag More Careful Scrutiny
M, ~ h 4
y, - Il. i, ~ J, loo,. y t,,an i,
~ sirst fi,,s,, NJ snec,,l, tiSc II s,,,
3,,ttIo 1or 4 . & n i'm Ms 81 "a I'D ~
~ sss &, ,ne,, h ~ ,aro II
y, Z a. ! ! c,, ma III
-, a. snoI = cert +, c lbs tmcnt
81 ts, HnigI ..swcat ins 81 So Sd,
y, q d, Y, u ! 9 ~.
i ~ n
tinrS asi rs u a. s,,cl, conditions
~ ~ IN ~ Al q s.,s. soni. ~
u Z, ~ nf n lar y, ss,,s,
= ,r' ~ Il Nm rrent earnings
!, ~, Ia. non !
:. a. y,
&, 4, !, y ran t,,rs
4 ~, II ~ 4 H. u n old
i L - lilo ~ ia III III.
~