The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-02-11
LITTLE IS DOING,
MARKET WEAKER
AMERICAN CAN Is THE ONE NORA
BILE EXCEPTION TO GENERAL
TENDENCY.
CALL MONEY RISE s
UNITED STATES STEEL REPORTS
DECREASE IN UNTITLED
ORDERS, but COMMON
HOLDS TIP.
CALL MONEY RISE s

NEW YORK. Feb. lo--AthouEh
there was very Htue moro doing III
The stock market today than there
was on amy day last week., prices
displayed q distinctly weaker under
tone. the one notable exception to the
general tendency being American Can
common shares which advanced
sharply The rise % this particular
stock was attributed to d published
interview With ana Of the capitalist
prufuinenG} Identified with tho
American Can company. in which
strong emphasis WAS laid upon the
financial and business position OF the
organization
Elsep here the course of values APP
peavea 80 reflect. chiefly the disagree
able impression made by the clearing
q bic impression made by the clearing
house return printed on Saturday ar
ter the stock exchange hours were
over, which directed attention very
pointedly TO the large financial loss
that the country has sustained through
recent gold exports. and the resultant
prospect of considerably higher rate
for the use Of money
Call Money Rate Rises.
The call money rate did rise today
Ai3 AOII bEF tFtEtF tine slIAEtH4 1851 At
touched since the few days Of the
year, and there was all around stiffen-
ing in the price Of time accommodate
ton There was nothing In the for
eign news that indicated any near
approach TO peace and the European
markets were irregular, and for the
most part heavy. The Mexican situa
ton was Of course not liked at all
and added considerably to the pessi~
= q faF3FYsg fa4.h#f--f4a
The official endorsement by the gov
erntnenG Of the Union Pacific South
crn Pacific divorce was looked upon
IS an act that had been previously
taken fer granted would occur. al
though there have been some reports
latterly 10 the effect that the attorney
generals mind was not wholly made
up concerning the matter
The United State Steel corporations
report Of decrease Of 1878 tons
in untitled orders on hand January
3lst, was the FIRST public proof that
has been offered for nearly year Of
slackening pace in the iron trade.
hut as 1t has been a matter Of com
mon understanding that business has
been slightly letting up, and the
Steel corporation has orders on its
books fer more than half a years
work ahead. no one was inclined to
pay much attention to the figures
Steel Common Holds.
The steel common shares held. in
fact with rather more hrmness than
did the greater number OF other
leading stocks and the particularly
weak feature of the market was
Canadian Pacific. which declined on
selling said to be on account Of Ber-
lin. Nevertheless, from the anony-
NOUS circulars spread through Wall
Street attacking Canadian Pacific.
speculation for the decline had prob
ably as much 10 do as any other
cause for the fan in this stock
Sterling exchange was practically
unchanged, though technically slight
~ lower. and the TACT that the Bank
OF England was enabled To secure
without competition substantially ali
of the more than $4,000, 600 new gold
offered in the London market made
it clear there was no acute struggle
in Europe.