The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-28
GUERRILLA BAND
PREYS ON STREET
Its Operations Apparently Are
Checked by Revelations
in Washington.
ny BRoADAN WALL.

New York. June Eff the Wall
Street community were the organized
body that some have claimed II prob
ably would have long ago hired cele.
DRAFTED detective with his dictagranbs
10 nail the band of speculative guer-
riiias which is operating against or
ganized business in the hope OF be-
coming rich by destroying values.
These guerrillas apparently laid claim
TO fghting for the public interest. and
are reported to have boosted of tho
aid OF officials at Washington. Their
method was to sell short securities
owned oy others. undermine or destroy
market values and make their profits
when alarmed investors sold 1t was
the gossip of the street to-day maj
this select band of marauders has re-
Gently spent much time In digging into
the past history of Union Pacific and
II is said that they forwarded this DAT,
10 Washington in the hope OF securing
the aid of the Interstate Commarco
commission IN checking a solution OF
the Union Pacific problem. Operations
suddenly ceased when Judge Lovett
called pointed attention to the matter
me more or less extensive trades of
'hls crowd have, Of course. been on the
short side of the market and the firm,
ness in the prices for Union Pacific and
steel to-day were attributed TO the Of.
forts of brokers TO get these accounts
closed Stock brokers expressed the
sentiment that publicity will restore
public confidence in securities and give
hrmer tone to prices
mere is little to be said Of to-day's
market Trading was light. the
smallest day of the year in fact.
Rumors that receiver had been APP
pointed for the National RAILWAYS OF
v 1T
and then denied by President Huerta
himself
The principal market for the Mexican
stocks is in London, but the FIRST pre-
ierred lost seven points here on sale
OF 100 shares. and the second preferred
two. The situation regarding the com
pany is much confused. and the effect
on foreign markets. where the new
issue of the $50. 900 900 per cent gov
eminent loan is to be offered. undoub,-
ediy VIII be bad. Southern Pacific was
weak in sympathy.
The market for the industrial shares
was noticeably thin. and several de
clines of two points or more we're
scored in the inactive issues Rumelv
common fell to L. and the preferred to
Wiies first preferred and Buttrick are
cases in point, and American cities pre-
ierred lost four and one half
New York Central was active and
weak, again falling below SO There
were rumors current regarding the
earnings which are expected to show
decreases owing to increased opcrat-
ms expenses. The stock is still higher
relatively than Pennsylvania and the
company is by no means as well of
financially
Southern Railway dropped to 20, and
the preferred lost point without anv
aSsiGnable reason, as earnings are
holding up we'll and the showing for
the ten months of the fiscal year would
indicate that the preferred dividend
is safe II suggested that the com
pany may he in need of funds. but this
has not even been intimated by ON
Gals
The hopeful sentiment held out re-
Garding the st Louis and San Fran
cisco reorganization has not given
strength 10 the bands. and the gen.
eral lien 5s dropped to SLY, II is
feared II will be a difficulty matter to
reconcile the conflicting interests in
the reorganization
The banks continue to gain from the
interior. and the statement tomorrow.
ii is anticipated, will show an increase
of about S1,000,000 in cash holdings
The idea is expressed that after the
July disbursements are financed short
time money Will be easier. and il NAV
De possible FOR corporations and rail
ROADS TO borrow on more favora BILE
basis than has obtained during the
month of June
The street is expecting a favora bic
announcement regarding the Union
southern Pacific segregation Aside
from this. "A dull market. with possible
hcaNin' IS in the minor industrials. is
looked for