The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-24
TONE OF MARKET
REMAINS STEADY
This Despite Liberal Profit
Taking and Renewed Liquida-
ton in Some Issues.
HOLIDAYS AFFECT TRADING
Bankers Desire Quiet Period Tor
Adjustment to New
Conditions
HOLIDAYS AFFECT TRADING
nY BRoADAN WALL.

Na, York. December e. The tone o. Chs
,,arle, TO-DAY was steady in spite of liberal
,~nrt -:.kiag ana renewed liquidation IN such
SUES ss canadian Pacific that solo ~ 9'''.
Missouri raelH.. that fell from w. TO IL
I'm the case OF Canadiau Pacific The hGui.
cation was for foreign account MlSs"ui.
Wabash stocks is admittedly H. no position
20 nay heayy assessment or its holdnEs
.fear INC atrnospIcro. 81 amy rate the
street is oppur"uuj discountinE such q no'4
Altisiy en- <ortoik ana Western would
indicate that the Pennsylvania Railroad mas
been dispo.ins Of rs h"ialnts IN INC oPtt'
iii..tnn objected 30 this ownership ana with
current feelings amone bankers there Is a
desire to coupy With tho wishes oi me Oe-
Any fresh litigation
Rock island shares We're weak. with &c
ciines OF a point or NOR, The collateral -
we're particuihriy heavy with loss OF =
roint a, is,. Thcre ia positively no excuse
Tor this holding company. and thc street Will
experience relief when REORGANIZATION taxes
Sood stocks we're nrm. Union Pacific lost
= fraction. steel was steady, although there
was less anxiety on the part OF The shorts
Closed practically unchanged and "lihough
southern Pacific advanced a point the re-
No Enthusinsm Manifested.
Central Leather declared dividend OF J
re- crt against The WISHES OF sonlc ~ ne
ir tho stock and the shares feii frRCtioually.
tinalsama,Nd Copper WAS strong ON y. 81 a
cont Improvement IN the metal.
could stock were w.aR Denver issues
dropping points and me wabash shares
;Ec public has long realized the Hopeless
position OF these shares. and speculative tn
torres, is reduced To minimum.
Trading drop~od of in volume. as might
nc expected IN view OF mo coming holiday
London markets w-re particularly dull. Thu
celebration there begins the day before AMI
does not cui untu TWO DAYS after Christ
mas Trading for foreign account cannot lie
expected e. be factor uuui the end OF the
Assets Realization sold down to :: Il q
understood tina, stockholders VIII b. request
ed 10 subscribe TO 100000 not. issue. OF
'll financial sarcasm. this is the worst. \
realisation compsny that yould not. without
VITA tho signing 81 thc currency bill
hnube.s hone that business VIII b~ permitted
quiet rrrioo for adiustn!ent 10 ue~ condt-
'ioUs With q revised tariff income tax
',ud new CURRENCY laws - digest. investors
may ~ pardoned for feeding from spoon
come accustomed - tn, new dict.
10 cover their open contracts. with asSur-
anccs from Washington that government
onicials will cooperate with business men. a
return ~ confidence may DO siGualled by an
advance In tho prices o: standard securities.
Peace ana good win will he douhiy well
coined AT this time
stocks. vhi,h began late ia-, we-k. vas
cho,i,cd to-day After fertilizer rise carly
ia ihe session. led by Reading. Southern
ra''iu, and AmaigamutHd. the market devel-
"poa yielding tendency. witch eventually
carried back the popular stocks 20 ycsict-
du2 oi"-c or below New YORK Central.
Baltimore ami Ohio. Missouri Pacific. Cana
dian Pacific and Western Union showed
hcavlutss Missouri PaCiGc dropped to Pa,
ue1, low mark.
sentiment Was hopeful Developments at
Washington in connection with CURRENCY Icy
i~.ution and the handling of the trust Ouek-
lion undc % definite Improvement IN feeling
att"r 4, Irnc p"rlOd of pcEsinisin. The pause
lu thv uaritet To-day was duo largely to
'eHNzirr The market wss freed from pres
sure recently felt from abroad. = better
fc' ing existed at London. ana there was 4,
ln'' demand from abroad FOR Tie metal
Declaration ~ an initial dividend - d..
."if oN central LEATHER had little effect
ii"Nlre heen disgouat"d iu the recent adj
Dealings in .l.nd.. pa'nd.d. but ,h- nova
Ments N"re uncertain United states bonds
were unchanged on call.
Nce York December 2s Money on can
trl ~ Ky ruling rate. 81. dosing a'g Time
l"tus steady siAty days. 595t4. ninety DAYS.
uaper 5',uG. Sterijur exchange steady a.,
''>'- go. siNty days and "a, 81 st31 FOR 10
.4"h+ '"uW"ralsl hils. Sts0'. Rar silver
tt'- Nesi,au dollars }4i oioVerur,-,t
houds stcaay railroad bonds IRREGULAR