The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-15
SENTIMENT
SHOWS SYMPATHY
From Market Viewpoint. All Bad
News About New Haven
Is Out.
CONFUSED TRADING IN STEEL
Abundance OF Ammunition Tor
Optimist After Turn
OF Year.
ny nnoADAN WALL.

New York. December 14-Sentiment
III VAL Street. ever running TO violent
my Tor the large number Of New Haven
shareholders that were deprived OF any
income IN 10y the passing of the dividend
Stockholders held from one TO ton
shares each. the maximum OF distri-
luton WIN minimum Of risk. The
street mas Witnessed short selling
around 6S that really displayed a rcck !,
lessneSs exceeding that of the investor
VINO purchased the stock 100 point =
From the market Viewpoint all tho
~ neWS IS out and purchases be
i "neY ~ ana 30 may represent tho
around the corner ana not cxpnct :,
dividend Tor six months II must not
-" forgotten mat the. railroad traverses
one OF IN" most thickly populated seq
tons of the country, studded Win
ahuta"turing centres ana alive win
~ ViIl'nn ,b' 9nI ,i. p,erh"ps it will de-
property to-day will equal in revcrse
,,ittI'o me optimism that prevailed when
me company,s treasury was being loot
=" pN hlEh finance.
En"rts 10 Deprcss Prices.
confused trading In steel common
during the past week disclosed cirorts
~ ueprcsS prices by professional oucr,-
tors News from the trade dcyclonnd
more optimistic tone. and those Z,
m ,,dr with the steel business are an
ucipating favorable turn i'm tr,,Io
during the next four weeks quo
Copper stocks displayed Obstinate
,!!d,l, that under other conditions
decline In tho price for the corner
shares. Foreign cables indinat. pe
wing demand for tho metal ana ,his
maE bring domestic buyers into tn.
Efforts TO advance Reading foil sbo,,
.. expectations. The stock held firm,
out, inc movement lacked siinD /, i.
sun believed that tho company viii
attempt segregation without the COM
pc!iinI force of governmental litit,:,-
Minor. industrials are farinp bod,v
ana ana sellers hnd a poor market. Nor
od!' nus situation improve until puhli,.
Goi.a,uence rs IestoIcd and the semi
gains. iN "P p"'
New York Central probably occupies
N IN WEAKEST position among the trunk
:,l BY the declaration of tho reruInr
"l'iucn" ON the stock. with iucrcos.,l
, ra' ing expenses. taxes. and an cnor-
nous load of short-term obligations !,
was expected that tho directors ,vn,,ii
conserve The interest OF the Ln",i
no'ueTS ny decreased distribution to
Should the government,
,,mI !, ""Clne I" analyze this system
nnu lts previous mama emcnt. those
H. |" MorEan tinanciering viii
~" !'"Sh topic of conversations
Develops Weakness.
southern Pacific developed weolsnnss
W. WIN t tne reports OF the Hood damarS
ri,h'.., s,e, az, ~ IL D'tFt oil Texas. The
r r,sh,est agricultural section OF the
state rs undcr water. In Some nI.Cns
along the Brazos River tho nnods 80
coed a breadth OF forty miles m =,
~ IN me practical curtailmcnt of iii
' n"5ineSs relations with Mexico. viii
=. ,aousiH reduce earnings. and at tie
same TIME The government IL nressi,'r
IT'S suits against the companv fo,. rs
hoidinIs OF oil lands and seeks TO com
pei the separation of the ,'"nt,.3l it
citic. '''"i IA
selling orders in Rock Island share.
~ i"LriSh account and liquidation il,
nv ,"liit"ral - calls fresh attention
~ i .nesc securities 1t has been in
innate" that the position OF Tho pnrant
company will probably hc strrnpthcmN
80 IN INC futurc by the reduction or
!" nandonmcnt Of TN" dividend on ~
1Iu STOCK. II ~ thought that some snrL
drastic action viii be necessary hCf
confluence can be restored In The SON
Tor securities ~ "S"-
Speculation In foreign markets 10 =,
a standstill. Money is becomjnr - ao a.
Ter on IN" Continent. ana ih,r, 49,,
strong Indications OF idle funds q, -,
ccht'c AFTER me first of the year EASY
,,toiitE IS OF course. essential for All
laiee movements III the stock marker
= ne. net every indication OF an abund-
4 nee or ammunition for the ontir,i,t
al Ter the turn OF the year
l'hSSasc OF currency legislation j.,
any 'hihe iikc its present form wouii
HuouplcuIy produce imitation .nJ
:, , IN ltl. speculation abnormallv' This
feature OF The situation is alr,msI
@'ionE enough TO offset all unfayornLia
S"iiui,l"hS ana anything like an as
"uIahcc from WASHINGTON of Tho cot
tlcincnt OF the question boforo ia
Ncar-cnd viii probably prodIc, - h .o
up'u'ii III the general market