The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-12
INTEREST CENTRES
IN NEW HAVEN ISSUE
Trading Is Unusually Heavy. and
New Low Price for Stock
Is Established.
UPTURN IN STANDARD SHARES
Market Gives Remarkable Dem
on>,ration of Technical
Strength.
uPTURN IN STANDARD SHARES
NY HKoApAN WALL.

New York - econber 1.-Two thirds Of tho
tic New Haven crowd when the market
opcncd to-day. some had orders. all curl
us!jy Trading WAS unusually heavy. Five
thousand shares changed hands at prices
that ranged from .. to G9i2 Then rally
carried the deulines for moment nbovc
60 but the stock kept coming in mnul tho
new low price of 6l.s was established, a
maximum IAN for IA, day OF ~.
SeinE orders appeared come from all
quarters Hnd while shorts were large buyers.
b;okers representing Philadejphla interests
took blocks Of tie stock around Is. This is
count OF Tho Ponnsylvania Railroad. which
IS credited with increasing it's holdings.
In the later dealings floor u'.d trs nd the
o,ggs s" and lis premium was demanded
for the use OF 100 shares overnight.
.ue a sharp upturn took place In The stand
Union crossed us Reading touched iGi;l. and
iirnoSe. OF 1000 shares.
The passing of the New Haven dividend
WI! have a tar-reachinG enact that could
not possibly be discounted In one days trad
mas many "a III, se' ana n
stitutions throuGhou; New England relied
Temporary I.nss of Income
pennsylvania; with It's already large hold
American Express, which owns something
over 10000 shares OF New Haven, dropped
Many investors never disturb their hold
ings as long rs dividend or inter'st is paid
promptly. New England investors have boeu
hi, by series OF mlsadven,urcs TINT win
40 doubt compel than to further liGuiGate
their New Haven holdings.
Changes in the leading issues were frac-
,iono Weakness WAS again noted in many
lost points. Pittsburgh. Cincinnati. Chicago
and st. Louis :; Western MARYLAND and
Were weak in face OF tho declaration OF the
regular quarterly dividend on the old stock
Discussion Of possible government ownership
broke Telephone points aud Western Union
closing prices were generally hrner on
No change ooeurred in the discount rate
ut the Bank OF England. Advices from Rcr-
lin Indicate reduction in the German Bank
rnte to-day, Local money market conditions
Commission brokers expressed tn. opinion
that to-days market gave reinarl<aoie
Iemonstration OF technical strenEth Atten,
,ion is called pnrticui"riy 10 the action OF
ReadinE, Union Pacific and steel Tho first
!. ne 'Gy S Th n" E,ae Pasg eiSss
oaiied particularly good Ivy the specialists
in this stock.
unexpected SUSPENSION q Now Haven diyi.
made fairly good showing to-day. New
Iiavcn's extreme decline was "a, points TO
-. the lowest price on record. 1t closed at
delegation 10 the nondividcnd paying. class
10 Of Dyes,oPs nut me 'srHei p 10 aev%re
,he fact that dislodgement OF New Haven
In progress The stock market was called
upon 10 absorb hsavy sales OF Nc,y Haven.
from disappointed Investors. The effect Of
these offerings was heightened by short sell
with support, AND after The largest volume Of
offerings had been absorbed tho price rallied
The markct felt Other unfavorabl, innu-
cnces. Telephone and telegraph stocks were
heavy, OWNS presumably 10 reports that
meut ownership OF telephone i!ncr pcnnsyi-
,enia was sold because of the large HOLDINGS
4f NaEa .n1n~S -, to.