The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-10
CLOSING IS WEAK
At LOWEST PRICES
Sharp Reactions i'll Several Lead
ing Issues Affect Less Ac-
tive Stocks.
TRADING IS PROFESSIONAL
Smallest Hours business in
Bonds During Year Feat
urc OF Day.
TRADING IS PROFESSIONAL
BY EKOADAN WALL.

New York December s.-Hop-fulncss se-
Gardiur security values received violent
check when i, became known that The Cana
a.an pa1ino melon consisted of rights 10
subscribe q per cont ten-ycnr mates at 50.
4 point decline al London In the stock
unsettled prices al the opening here, and al
though Unon Pacific, Readin:: AMI United
states steel held q arm tone for tho first
iait hour 4 fresh outhurst of Liquidation in
New IiaVcu and New York Central carried
;,rces OF these issues down rapidly. with "a
final result OF n weak closing at the lowest
prices IL the day.
New Haven dropped to .ii:c, . new low
Squire, on the rumol that no dlvids;d w@nl .d,
ork Central lost points, droppng TO @l".
the story that the family skeleton of The
Vanderbilt control would be aired before
Ar.eTicar Sugar, hurt h. suits continues to
below par such sharp reactions influenced
the less active stocks, and many losses az
Illinois Central. I.ehigh Valley, Rock Island
preferred. Third Avenue and Peterborough
preferred. Union Pacific lost a fan point
ana Steel showed its first substantial decline
In face OF this general weakness the
strength in Rcadins was noticeabie lie
stock closing hrm nj 1G3.
Al,er selling at u Amosa,m@,isG corrcr
conditions in the copper trade failed to
I.nrRcl, Professional.
Transaciicns In the market were very
largely professional with some indications
mat efforts were being made 10 unsc,to
speculation, - much ~ possible Such news
as developed favored the bears.
y heavy Increase i'm ijls freight cars of
$3.50 on December was = further evIdcuc.
of business contraction. Rank exchanges
also show a marked decrease i'll such i'm
portant cities ms Sew York. Boston ana phil
.uii money rose to per cent. and tim.
at Increased rates. Trading in bonds show
"a some sharp recession with volume OF
f.sf.
o'clock snly s5cooo worth changed hands. tho
smallest hours business for tho year.
LONDON houses sold stocks [" the cSteut
OF some 5000 shares Steel predominatins
In the dealings.
proceeding quietly with Indications that
there are no large speculative accounts open
in american, Tho i'ank OF l:nennd 10,
practically all OF the SicGc. 900 South African
gold that arrived in London.
Fears were expressed that Ivy the passing
would be made illegal FOR savings banks IN
several States. 1t has been pointed out that
tho nest dividend may practically bc omitted
without ondanSering the investment status
OF these securities 's per cent mas been
Sentiment Confused.
While sentiment has become much con
fused by The violent drop Ia New Iiaven
and Sew York Central, To say nothing Of
sugar. the opinion appears stil to prevail
among commission houses that such stocks
chases on declines. or. in other words, the
main market movement Will PROBABLY cut
New Haven Loaned at premium yesterday
afternoon Indicating, that the stock has
AGAIN income 'Nt'Soli' ana there was good
demand In the loan CROWD Tor New y ork
central and Sugar
Nov York December 9-rhe action OF tie
stock market to-day hinged Oh # fev issues
~ when particular weakness Developed.
These stocks were OF sufficient Importance TO
affect tho whole market which WAS heavy.
ard at times nervous.
Ncw linvcn dTopped nearly . points 10 7l'4.
Ne
central ana American Sugar went down 3
loihtS TO their lowest IN five years. Cana
dian Pocihc Tell points. Although tho gen
era! market made fairly Eood assistance
l'r a time. such sharp declines among prom
inent stocks constituted an influence rot to
!. isnored. -, Paul Lchigh Vale and
lst IS whole was borne down with shurD
drive lu the last hour.
Now Haven ~ raltneSs was asctiLeL 10
dividend 'o-niorF6% BY ,he 'lircciofS IS, N is
zion on the subject, =. report that. the div'-
dond might be passed was circulated widely.
canadian i,acinc was influenced l. tho com
lahy decision 20 issue $20t0,oeo notes.
Another indication OF recediug business; was
Inc toriniBhtly report Of freight car move
i"ents - shoWed the surplus of IDLE cars
The continued iruness OF money imposed a
restraint oH specuiaton Renewals OF call
loans We're MADE at per cent, and later Mt 8.
honu prices were lower with especial
hcaNincss in Roe, Island and st Louis ma
tol United states S. rrjt!eterrd ADVANCED !
lNe coupon s. =, regis tered Is -, and IN.
'"Irons So :, ON call Panama So gained 3,
Sew York December o. Money or cali nrr.
50 az ne Ifi cent ruling rate, 8; closing 5Q5i.
c"ys 'H''s six months. 4'.I5. Prime iner-
'InuI" Paper, t-Nec. Sterling exchange
weak O; SIS tor sNty days and at siSi3o Tor
YER ssh MeNisau dollars. Az, Gorcrnre,,t
'9has strong railroad bords easy.