The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-23
SUGGESTS HIGHER
RANGE Of PRICES
Closing OF Stock Market Strong.
With Unusual Snap
and Vim.
FRESH DECLINES IGNORED
Sale Conclusion That Sentiment
Regarding Values Has Turned
for Better.
M HRoAnaN WALL.

m ERoAnaN WALL.
New York December .2,-Stocks closed
strong to-day with a snap and VIM IN me
buyiue that surEests " higher range OF
disappointment was fct ~ Tho morning
when the London market failed to respond
"a Inc cheerfulneSs that developed here on
Saturday This was soon disrcgardod, how
ever ANA London sales. which amounted tn
,h. unusually heavy total of 5000 shares.
we're easily absorbed; in fact. buyers seemed
waiting Tor offerings. Five thousand shares
OF Southern Pacific were SOLD around S'.-
.,l,,, To.e H. - Another sold 10000 shares
al Union Pacific around lt;is. supposed to no
for tho account of speculative banker
For Few minutes the price broke 10 10 nut
quickly recovered a point when the selling
Tr,ders watched steel. hoping tina, large
offerings would come In. hut Were disap-
pointed In this. and bid the stock up to 5"'A
Missouri PaCiic broke to 2S,. low record
for twenty years but the incident was ie-
nored. Western Union foil TO 5a5s. a low
price this movement, but this also was
New Low Level.
OF all the international issues, Canadian
racinc the weakest, dronping some
points from Saturdays close. y new low
level wss touched when Assets Realization
When stock rnarke, can. absorb ceiling
cia cases. i; is a safe conclusion that senu-
ment regarding values has turned FOR the
o: al s.mi-spcrulatiyc ispues. Reading
promises possibly the greatest possibilities
Tor improvements As a. broker put Il, the
rany wouid be the disclosure OF the true
value OF tho common stock'
figures that give the minimum dissolution
value at s2'5 per share for tho common
~ lic points on what the floor traders call
the best OF buying
American Can stocks rose sharply the
common crossing 90 and tho preferred 50. II
S believed that this company will adjust
itself TO new conditions without the formal
d n
Copper stocks sluggish. Utah
lie S.a!ines Mhen IL sdvm,,ced enslv to ~
There were many gains from 10 points
in the ls,s 1e,iwe issue Bonds dispinyed
10 eSst. New Haven convc!;ibles gained
fraotionaiiy and New York Railway 81 were
IS developed fresh weakness, dropping back
broadening Tendency.
With the passage AND siEning OF the cur
rency bill within the next few hours II IL
expected that the speculation in stocks will
show a broadening tendency with consd-
cradle appreciation In prices
yet purchased stocks are advising others TO
20 slow until tho situation becomes definitely
in the placing OF orders TO purchase stocks
Just under prevailing figures.
Boston houses had selling orders and were
apparently disposed TO night the advance. I,
IS believed there IS etil large short Inter
6, open In this quarter
Baltimore ana Ohio earnings showed Al net
decrease OF N,l33QO0 for November. These
figures had been anticipated, and the stock
30 bids whatever were received from the
$ 800 poo OF The cnc-year per cent notes OF
The Vermont valley Railroad, part OF the
New Haven system bat this is a reflection
90 previous conditions and WAS without mar
After a long period of declining prices
raiders frequently make the common error
al Emns thG Inn amd , Tn' majority
noveinent In values inay be anticipated.
wac MADE by tho stock market to- day 70 the
news from Washington OF the progress OF
currency .eEieirtion RnG the administrative
"tninGc regarding enforcement Of the anti
trust law In respect to both these inilu-
'nces there were additional development.
on Whlch favorable construction was
placed. Changes made IN the currency bin
ia conference, particularly the deiea; of
me provision for guarantec OF bank deposits
we're 20 the HkirE 81 Wall street. From the
White House cRtne tnstnews that the policy
phone and Telegraph Company would be fol-
owed with other corporations. and that GER
iaIn 81 these corporations were ready to take
the Initiative in eneciing reorganization
During the foreps,t OF the day the effects
~ these considerations We're nulifed 10y
other influences. ExtcnsiV. European sell,
ius here was ctcGtive in Keeping down
rom Paris, Berlin and other points me.
be responsible for heavy selling OF Canadian
i'Sf1hc for Berlin account, and the quotation
Was depressed over points. Realizing sales
and foreign offerings Kept NE marker in
,heek dns!nf the morning with especial
IeHNih%sS in -" stocks. After word came
y ON N"shington regarding the prospccis
10. sett!tment out OF court % differences
between tho government and various cor
p9r%unns there was quick biddiue up OF
STOCKS OF corporations which have been
Ger inNesNEation Southern Pacific Read.
NE NtW haven can. Harvester ana Sneltinc
F'*e strongly. Early losses wore made M,
in most cases and al the close there were
many substantial gains
isonq7 We're ir'cruiar United states res.
isieTed - advanced 3. On can.
Nev York December 2. Money on call
5fin ~ Ssp$- ruling rate 49, closing 3:.G
INC i"ans weaker: sixty days. Jn5i.
mhe'E .HAys. .. slN months. $S.a5. Prime
mercantile poper ga Sterling exchange
STEADY al SSH. Tor sixty days and NJ 81 MO
iW oenand Cotnmcrciai bills, s. s0ir Har
SHNci' 90 NeAlcan dollars. iis, Govern.
laeut bonds ntH, railroad bonds Irregular