The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-21
MAGNATES OF WALL
STREET DISCOURAGED
Immense Pools Are Forced 10
Liquidatc and Outlook Is
Gloomy.
BOSTON'S WILD COPPER BOOM
Much Specializing on Steel Div
dcnd-Rooscvelt Regarded as
Evil Genius.

Inst week wall Street again won.
thrpugl davs OF dropping MICA,
caused hv doubts about tho f,+,l~a hy
.I n"'n'eurntF OF enormous nos. rtorr
snd bond issues. and hv the desire a..
POOLS. WHO had accumulated larg..
Mo- iss of stocks in expectation ora blii
'f'inrht- io get uut uf their hca,..
loads These sismDs have natrralty
.I"--nf Np the question Arc the nix
interests ~ which We were told ftaf
''ot own most ~ tho stocks. b-ginnlns
fn N4-Ilate and are we drfftf.r .nt.
general liquidation OF sc~uritle-
such ar we have Witnessed AZ fle e1d
~ lfoa. and cnrinE tie first nto months
of 1909.
review ~ the situation fails Z,
I"int t' general liquidation ga stocks
ht fH" infitonnlrc~ They arc not fte
Kind az people who become as easr,
areo as ihe snau Investor or ulars.i,
~ ao- r Almost al ere nr.n believes
ln their stocks, and are bulls on the
,roni',. u VIII take some hard
FN"fh r 90 shake their confidence ia
tNr future They aye sflckerr
some ~ them lanR on 10 what tha,
f"In NriI the Ftt+af becomes tao.
cariFst 10 is SAID taet FIR. Charles "a
"@h "no held bout 700 00o shares
or nlfed states Steel Common dfd
not part with them in 1904 until tie
stock broke through rpeuf- A. +-a,
time. large capitalists began 20 un-
load I0uisville and Sarhvfila when %
cropped under par snd Araiga-,tc5
"tprr WHOM - went under nffv. The
rich men ara nrf tnr class ~ redr,o
who give up hopeF ~ soon Their var
l"N- Interests conQre3 them % take
i'n"lll Wow Ffh" present acton 90
.if hnhrr~t does not point
sales ~ iarg~ blocks OF stock
.a'7 "'-" E~pt in strong boxes.
49,. f 80. U" certain
,.. ,....,.-. Wv % ONES FROM
...o- &c. a. 49, PI'ol aho
1870. ."a. ION 1p"F the
rre -r~fs.o 1ts..t,.-- 49,, ,, 81.
rne eI.rtfr, 80 =. ..,.i.,. $50 80 "a
da,~ r-oaId foiI,,,---' me- 49,,
Ter trc- LAD ~-~..s .4,. ..~,f. 80 -
money fn po~e.--t,..-,. rr1 f.f.r-,- -, -.
their e,r.rt..lr-. 10
,...,.,~.e-. ~e.f,,., n-i.
ard ff,,.-ht b.. NE. D.. -- ~
rr- -.r.f+- -, ~ t-.-.f
rr.--rr,...,. ...s ..
% t.. s-.s. -.....f-.
r.sr 49, '''l'a'
'".'i "s'.7 ~ ORDER To
''N 10 eaten - With TIE won
OWN ar trane ana innDstry only
''N'''i+u "" resolution oc the pools %
f't vl- "' me maThet
I he Plans of the Macuates
Notwithstanding ar ... - -...,
.th..., rn. ...t.l.--t 1880
ra.7- ~ .t.a -.. "-' '-o"ee ne
,...-.. ''-'' ana 'f o-r in-
,...,to,.t-- ~ present me 'n-
we interstate Commits
P" ana iHe atiae Ks on operations in
almost 81 TIE tatrtv-flre state Tegfs-a-
3 '.'t mot WIS month thew don't
seem m naFe .oef sight 90 TIE fact thar
.a- ererts of prosperous years cannot
- disiodee9 50 easily. 70 IS true that tie
hundreds az millions 90 dolis~s ,,.bf-. ,-a
railroads have ~ RAISE. win tax tts none.
market hcavllr. but tl.ev krov- tnat .i,os.
additional canitalizatlors have he.-c,,s ~
yeratvc. Unless th. ,strrsl ,,--.--,as- -.
tho country g. to he re+sr4a,i
TIE railroads need e,~,,~>..-. -s,,.t
~ fhel~ eollpn-erfs- ,.. -, -.
tito last few months r.. -, e. -.
need more tracksra ana er,r,r.--, -. 80