The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-03-15
DU[LNESS MARKS
THE STOCK MARKET
Fairly TENDENCY Is REACTION
AIRY. BUT LOSSES ARE GEN
ERALLY RECOVERED.
u. P.-s. P, CONFUSING
roRTIGN MARKET Is ALSO IR-
REGULAR AND INCLINED
TO HEAvIyESS DURING
THE DAY.

NEW YORK. Mrach 14.--Most OF
TIE time today the feature Of the stock
rarset vas dizziness. Dealings steadily
grew less and less until IN the fourth
hour Of the stock exchange session
less than 10 Geo shares Of stock were
tarred over. During the forepart OF
me day, too, the tendency Of prices
v.as reartfanary. with losses Of about
I nn{ut tn the leading issues, but IN
tFYs last hour there was more ANNA
on and the earlier losses were gem
orally recovered. II is needless 10 say
that the transactions bore every evil
dsrce Of being wholly professional.
Trading spectators were IN
highly confused state OF mind over
INC exact status If the Union Pacific
Southern Pacific reimbursement and in
deed tbe status Itself seemed to
change from hour TO hour. The at
tornev-SenerAl at Washington issued
statement denying that any new
rlau Of adjustment had been SUD
y7itted 70 him and dispatches from
1ha West. seemingly Of authoritative
,haracter. united ira declaring that the
California railroad commission would
refuse n sanctfSs1 ang new plan that
did not allow the use Of Benicia cut
OF lines OF the Southern Pacific 20
every railroad company that desired
the privilege.
southern Pacific Declines.
A decline of 2 5-S points In southern
Pacific stock before noon was, on the
other hand. construed by various
speculative critics as meaning that
the "old" plan Of divorce would be
carried out even II with Some slight
modification which would necessitate
the marketing Of Sl2f,0oot00o of
Southern Pacific stock with a conse-
ouent depression in prices
Toward the close Of the day ad
vsncing movement became more pro
nounced. but there was no develop
Ynent or announcement Of news that
accounted for il and the rise was
generally attributed to the restless
ness Of speculative sellers. for the
decline whose commitments for the
fall have lately been greatly extended
The foreign markets were irregular
like our own, inclined to heaviness
and during the greater part of the
day continued irregular There was
nothing new In the German financial
situation, although the tension in the
country seems TO he moderating
Bank Statement.
There were no wide fluctuations in
sterling exchange and not q little en-
couraEer nent was derived from fore
which. although indicating loss by
the banks TO the sub-treasury OF
nearly 5000 GOO, chiefly because q
gold exports vet reported such a
large receipt Of funds from the in
terror SIS 70 make it seem probable
that the banks have made Sigh
gain in cash on that account.
In London money rates were lit
tie easier Here call money was ]
anything. somewhat less in demand
than 1t was on the preceding day
hut time money was hrmer. 6 pc
cent being bid for all grades Of THU
form Of accommodation.
The returns Of the commercial
agencies exhibited no dimiuution Il
business activity In any section o
the country except slight contraC
sion in Boston and reports from tn
iron and steel Centers We're Of tn
same excellent tenor that they hay
long displayed