The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-24
DEADLOCK HOLDS
IN SPECULATION
No Fresh Ventures, and IN
favorable News Brings No
Stocks to Market.
BY nROADEN WALL.

New York. April 2S.-speculation is dead
STOCKS To the market. and there la no In
eentivc for fresh ventures OH cithor side.
Bareiy l5oo 600 shares changed hands In the
day. ;fd the variations I'm prices were most
~ fractional. The opening dull Lon
business for foreign accounts ended within
he first half hour That the situation in
by the contango carrying over charges
which were per cent against AZ per cent at
the previous settlement.
An attempt was made In the early trading
TO stimulate interest in the Interboro shares
st the layera1e earnings for Ma5sh THO
movement was checked by an attack In n
circular letter Issued to monbers of tho
; Stock Exchange on tho bond ISSUE
Thore was n little activity in Ice on rumors
that the company proposed to raise tho
price OF Ice 81 Il ton, scheme. no doubt.
10 help insiders to unload some stock No
public following noted.
Mexican Petroleum and American SInoIters
were lower on report that present condi-
tions In Mexico were moro unfavorable than
Business is almost impossibie, and tho out.
look grows worse instead of better"
New n os,t made a new low record. SELL
stockholders who are now thoroughly alarm
ed at the disclosures being made regarding
this. their pet property.
Reading and Lehigh Valley held steady
despite the showing made by tho latter com
pany for March with n 81 per cent decrease
In coal movement and loss OF s40l. PSI In net
for March.
e,hsy IIfthia hetd hrln The selling of
stock against the rights has ceased. and the
shares closed at ll5 for the first time since
the low figure of 1875 some days ago.
southern Pacific again turned weak touch
ing ?'7' Formal application will be made
to- morrow for the extension of the dlssolu-
ton plan to July. 1t In expected that this
Will he granted
Steel common is longer a speculative
leader. nor does II respond to tho various
changes In tho trade outlook. For some time
fluctuations. broadly speaking. have ranged
between 63 and 65, Trade reports give n
rather more optimistic view. although q
shading In prices for some products IS noted
Baitifnorc and OHIO made further gain
to aais. the Improvement I'm tho market
for the convertible bonds which show cd
strength and are now selling at a.J
In fact. n better tone I'm the bonds ma rkct
was quite the best news OF the day The
new ST. Paul 4tas wero firm with good buy
Ing at ??iac, The bonds are going we'll oyor
the counter. and II is predicted that tho un-
sold balance Will be disposed of within n
few days
Speyer & Co. will offer tomorrow slaoooooo
NJ X. G r. per cent two-year- notes al es
This issue Will net the investor per cent
and should go we'll with the public as tho
road is in an excellent position to do an In
Panama Canal.
Reports from San Francisco. Seattle and
Tacoma show that per cent IS the rate for
city securities in the West. Within tho next
about $4,000. 600 OF bonds carrying ~. per
cent. which Ii is expected will be taken at
shade above par.
Brokers continue to readjust their esteb-
the curtaimcnt OF office forces and the dis
continuance of branch offices.
There Is little interest In the stock market
Bankers feel encouraged by the slight I'm
crease in optimism is expected with tho com
ing week.