The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-11-06
VOICE CONFIDENCE
IN ADMINISTRATION
Election Returns Fail to Encour-
age Fresh Liquidation
OF Stocks.
GIVE FIRM TONE TO MARKET
Mexican News Taken Seriously
Abroad Is Without
Influence.
GIVE FIRM TONE TO MARKET
ny BRoADAN WALL.

voiced confidence III the administration.
such "a result would encourage fresh liquida-
ton Of s'oeks Their dcdneti1ns proved
shares sold last week gave q firm tone to
to-day's stock market
Mexican newe. taken seriously abroad.
was without influence here The cry OF
wolf no LONGER disturbs the inancia!
mission houses are carrying such small lines
Of stock that the floating supply OF shares
London prices We're we'll under New Works
in the carl, dealings. The selling came from
this side. and Was no doubt an attempt 10
deprcss sentiment here.
Aside from a few transactions in the first
hal: hour prices went parity. and
further dealings occurred for foreign ac-
count
MEXICAN Petroleum made another .pecta
cular dron. this time touching A.. The re-
bound was equally rapid. The stock closing;
New Low Record.
New Haven established q new low record
a, 7ef. and the new dchcnture bonds sold
at lo27s on the announcement TINT tho mi
nority interests would apply Tomorrow for
order restraining the company from is
by the Massachusetts Public Service Board.
prices for finished steel products and the
closing down OF several furnaces.
Dizziness In the copper trade continues. hut
jinion Pnclnc rose from 1917 to l5ii. The
were being made for another advance To-
the regular dividend. while Reading display.
% buoysncy ana Southern Pacific gained 4
half point,
interboro Metropolitan preferred was nrm
and closed at the top
With the election ont OF the way, dvi-
deUd meeting should follow tor tho fulfill
mont OF the promises repeatedly made that
u dividend declaration would be announced
Great Northern indicated It's reputation
as the best managed railroad property In
iuGs. Gross Increased Sl.oss OoO and net $3.50
Geo CHICAGO. Burlington and Quincy Tn
BOD : -,
GOO Jersey Central had decrease OF 81. 800
IN net; Nirsinia,n Raiiway increased gross
Texas showed decrease IN both gross and
net.
Must Come to Understanding.
Any iarGe or important operations in the
stock market VIII be out Of tho question
new unders tanuinG regarding the certih-
cation OF checks. The decision rendered 10y
institutions III the financial distric, viii I'M
nediately curtail the operations Of the COM
accommodating between 10 and o'clock
At present brokers are protected against
e eaS e'HGG e, RhS,ere sea, a 0s saGh
Eestod that this preference might lie extend :
cd 70 INCLUDE the banks. Anothcr step to
orage from the banking business.
Speculative conditions suggest few oppor-
,radcr. While the long side OF tho market
Is not attractive. the snort side arpenrs un-
broken continuation OF narrow markets is
An exception possibly may be made In
favor OF Intcrboro- metropolitan preferred
Tine daily transportation OF the citizens OF
McNican situation or the income tax. The
company collects ist revenue directly Mt the
source.
Ncw York. NovcnNcr 5.-Al,housh the
stock market to-day was under virtually the
prices recently, there was a general advance
Trade reports were anything hut encourage