The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-02
TIME FOR RECOVERY AGAIN

4SI TllIY4H LsSY.5A iapfgEi3 AS3&SttFA rt3A6H il4N9fgHA
Important Investment in Amcri--
can Securities for Account
s3s Of King Edward edward
BY w. 9. Nicholas.
1iaaidnati III vii, Which has been the market
feature OF greatest Importance tor two
weeks or more ,rssulted u. z .notable II
II also led 10 free short selling, and IN
tho end developed OF Intense bearish'
feeling lns8Wall2 street. q entln1en which
the outside trading public. Only one
thing could happen from such a. situn-
ton, and .HatsEwasi al "oyersoldR market,
. 9Isnedsh w insS p gsifisstt ,1 Sts l9nss !sSsks S Yoa
couldn't find q abull. -. the whole fna l!
district and the private wire Is y, :, were ere
flooded with ceiling orders E RS, y sIh = ~ me crl,st
Firms tiha%tStlauaiiy have 81, oo9! 900 e =. 900
900 borrowed to carry .st9ck s 3 ,1or III cu y r.
long stocks and In debt an eqna amount
tofHcarry contracts for speculative de-
livery Tuesday there occurred Q
sharP rally ni a,1d at hsy sho Ton !, t ao'e far = .a and
sold themselves into e holes onside "a pie
covering was III evidence, Tuesday 1nIn "
Medanesd Icy ,I moTnl hsttom d arafer 0o out and
tho most serious slump OF the ,Wesk .po ~
5b plsssi 9 ssas points. ''0s 5,3S
Market Oversold.
The weighty symposiums at the hotels
and clubs most frequented by specu aaners
ally S%unfrultful. There was s~uPstnntlal
agreenlentth thai the market was desper,
ately88%oversold" n that : sharp reeoaer ~ y
rsin IN IN epder y;o ys.la az Is juats Wien the
nouyed Out and sthee demonstration againAt
The shorts ayaa !, &c ! ,le mark 4 ig f usSaiI
as decisive from an "toyerbough:r ana
top heavy market. Entrrapped shortg,m nay
.g gslyes. Bnlis p9a Iails With re goods .at I
top prices sometimes y, ~ .eMe!I
trades. but bears when neysT;i
BIT dn'et the order Of the lliiarnuiidsaation which
has been noted there came irsl a. io oon'
stun from the,i n g g an ~ Ht 90 81 une1 as being,
.a%nHopportune time to r%ealize. on sec1Eit 1es
Which had to be worked Of IN c E = Lanes
55 \ sor new oh laW ianaS e Th mesta asass' a. great
ba w !, 1stnSf1 from Pittsburg and New
YORK millionaires, three? or four OF whom
found themselves yer-sx 81 q - a.
i tSsmse sna M 81 ov ;soF the insy Of Eli tie earth.
and their coliaterals were up n al1S sorIs
q ways and II, 4rnhxt n snnekln 6a .4I been an
.t Hnasrs I t Rssms eEv I'VE ssstesethers take;
account. q. th ne; $ I ass Ie,a taq1 e ha ase less
than 800, 900 shares 81 industrialS and : rail- al.
lKet b. TIE Pittsblrg contingent a n1f1o e
81, f2 astioa Ma aof & / ha nan5as3 q fElt tls19
fortunes, but so far asia Sara ny Gas !. =,
scattering mess Of stock coming from tns
ibnxes sofsinvestorsSin the swayslof, closUls
upgthe speculatiYeJaccounts ~ ,os
people nrsyioap s e Hd 1e shhp g of 81 Closing
deaa lsSSinss VAIL Street q md q s : 20 gge et
erergenSles:.aT The offering sn : I'M Y , ant IVA VA
iyery large, and the market was unnpie -
absorb them at sustained. quotations
There was nothing ndame ~ NY $W neonle
w : nBsalea e eli bsl u1 : lining to make 9 mus
MISREPRESENTATION capitalists and pleasure sure
seekers to unload on.Ss
Heinze in Game Again. Kan.
Tie Observation-Disclosures as again a,yery
NAV man Ina5and around Butte. iHion.s
there rs 3nothlnghsto&th talk. ~ y
n1reneHyalsof hostilities wee hlmamt,ph
the Standard Oil interests = o Snsi.
gossip has the adyertlslng5 .Sirtpe' rEeat
S ~ ,,s ~ aEiot Of mines he has assent led
a = ay i paly oHGsftates.I Capitalized at $40
lMn00OS the underwriting vas oxelsup-
acr,hed three for one,$ here and IN EBostot.
az an arrangement with Senator Wa,
ICisarKTthe shaftstof one OF his mlnSs Mil Wi
ne utilized, and the Estates W.
}hecome & big copper producer II ~ I We, w,
short time, beginning. at. ne Y , = Uhestl
ieyel,; where Sthe ore bodies are tlG atnas
Experts have reporteat dh ~ 4, = - h5!ooS.-
o%2n ? thsh rossip Which found clreYllatlosn,
,nnNWaaI sfreet1this week was mGnson y a 9
importnnt investments me- metl THa na III ~
writes for the account.. OF klhg N ~ w ~
Thaa British sovereign ts known - SnaSt
DETERMINATIONS already inyeste9.i f TnSSa
Nnrthsrn. Northern Pacltlc a. Y H !la :
Paninn stocks and bonds,, Hls 1atesI r ~
ture' is supposed .,tohbe IN, souIEa atn,tt ALL
nc preferred, which - aalx ReruSaSn nFSave
dend payer. He I y Mss q t fppnanIl stocks
o 9 ~ nara Western railroads. lnclaoiM9s
= nVharn Pacific. Rock 1sland. and aAtcn.,
soutAhIsILin II rnest interests. however. are
9 = rhnadian Pacific ana z IN ~ n
group ---:-.-----
|cpnCKIlE[RI family