The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-11-04
PRICES ARE DOWN
AND STREET GLOOMY
Everything Appears 10 Be
Against Market From
Very Opening.
STOCKS GIVEN ACID TEST
Mexican Situation and Supreme
Court Decisions Centre
OF Interest.
ny BRCADAN WALL.

New York November with /; decline IL.
Mexican Petroleum OF over 10 points. break
in New Haven to 7s7. aud sale OF Adams
Express al III. tho loves, price OF thirteen
years the general list received the acid test
Everything appeared TO he against prices to-
day from the very opening. London QUOTA
,infs were Ia some cases till point below
oar closinss, ana the morning papers were
filled with gloomy forecasts OF renewed &C
tlvity against corporations in general, and
International Harvester in particular.
The Mexican situation again came 10 tho
front. and tic Supreme Court more
began 10 hand down decisions To he cheer
Jul under these conditions required the phil
usophy OF stole.
Prices opened at recessions, trading srcw
that figure. Union was steady At i,sH.. anG
Nmalsamatct Cope neFls,iedi a, NJ
what forced liquidation could Go to an ac-
tive stock IN narrow market On running
ssi., and this before II o'clock 4 rally car
Red the price back 10 81. when fresh out
burst OF selling drove the shares TO Az.
California Petroleum was weak in SYM
pa,hy. tho preferred losing points, tho
issues ss Missouri. Kansas and Texas pre-
forrcd. With loss Of 70; Peoria and East
!. with numerous declines OF point or
more In the either minor issues.
New Haven was active. some 10000 shares
larger holder Of New Haven, was weak, tho
shares selling a. 1917.
A''t'A '''.' .'.tA' -
financing 4 ,ha, Is to,a,ca nj Bri
sian and Japanese bones declined.
Copper metal sold down sharply abroad
and local reports from the iron and steel
industries were far from comforting.
President Ripie!. Of Atchson. was credited
with : statement that government ownership
Was the manifest destiny Tor tho railways
Notwithstanding this sad collection OF un-
dealings in io-Gay's market were PROBES
sonal.
further losses, 81. Paul lost s45a,coo net, New
Ilavcn's gross Increase in September was
$4,000, which was converted into not de-
crease. OF Sj5o.oo); Erie reported an Increase
az $4,000 gross. but net decreare OF 5000.
Trading in bonds fell of, and little de-
mand was shown for Investment issues Tax
exempt securities showen better tone, ana
banks made moderate purchases or bonds
ana short-term notes
Gail money renewed At per cent. and tho
rate fell to in the late afternoon.
,,I ig1oay ny ,nnrke, GeHe a good account OF
Is renewal OF liquidation in tho standard
shares, stocks WI! not be sale for a time.
lie attention from the tariff. the income tax.
currency reform and the tircicss activity or
The Attorney General.
New York. November s.-Further response
MAS made by stocks to-day to the deprcy.-
in. character or news affecting speculative
opinion. The market was impellcd on r
downward course at the outset by the de-
cline In American stocks at London. which
WAS supplemented by mocerate selling here
Tor foreign account at home Much MAS
made OF the reported determination Of the
government TO adopt a kterne. Mexican poll
Tho highly ,infavorablc bank staiemen,
~ last Saturday also affected tho market
adversely. Call loans were renewed at per
The brcf He'd in Gh The sgii pet , sen n.
international Harvester Corporation. was
Gited az another cause .. oppression rne
street regarded the statement OF tho gov
srnincnts position ~ indicating nm unco,,a :
Gronising ati!tude IN enforcement of the
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