The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-14
SUPPORT IS LACKING,
AND OUTLOOK NOT GOOD
Prices Collapse Violently, Liquida-
ton Apparently Still Unfinished
and Street Is PcssimiStic.
HINGES on RATE DECISION
Opinion Grows That Decree Of Inter-
state Commerce Commission Will
BE Adverse TO Railroads-BasiS of
Strong : Hing.
BY BRO.lDAN WALL.

ienty to-day The closing was weak, with
aGid.on IS "G spp%-en,% s, fG'' un SnST,e5
support Is lacking and ihc outlook disc uiei-
tho stree; that inc decision on tho question
OF the pc cent freight rate advance VIII
ioroknow lcdGe ~ This formed tho basis OF
tho selling. At The opening the market
Jaion racng Sonthcr" O'G Tac.lc and s,eei
common. Canadian Pacific solo ~ 10 when
. selling oricr ;ha, 6rol,e he pr!ce to is
ut which figure he offered see shares. Tenn
from LONDON. bu, tn, selling continued. and
Harris Winthrop & Co added to the pres
sure. The price broke to iSi'>. a new low
iisu"c. ana somc eighty points below the
SCATTERED SELLING
SaVcrCd seiiins. appeared in o,he, stocks
Without the priyiicse Of increasing freight
heavy selling Of Now Haven is now credited
10 interests IN possession Of ,hc drastic re-
raisnncnts ever made arsins, a corporation.
anu "lihoIEh nc previous 10y OF o5i. VAS
t@enohtd ihcre Nas rally 20 o.. The enec.
railroads and u9on IN. minds CT the Invest
Ing public may soon be forgotten
dHsh Fa!.y define. f" NO "a and f'n,s h ara
Speoial;tes Terc weak esrs-Rocbuck. Amer
NO to ;hrss points: E1mors ,Sa ;0i she co uG
night hand down decision Tomorrow
ohio holdings started selling movement
IN tho latter stock tina; nroke tho price
perenty ou,fun ouds,ion in MfFssouri f r."
'nc. The stock was steady All day. closing
IN. ana western MARYLAND cropped from
III. TO -. Not 81 long ago stockholders
CorrER STOCKS HOLD
losing Two points from tho carly prices. Cop
per stocks hell fairly Vel. ANA CANA ed
N canadian rscIlo; ttle business, VS.
,ra7 ,l. ted, 10y NJ nrnitraEs dcaicr: Heavy
Continent In the purely Investment stocks.
in'ndins l.ouisviile and Nashville, Northern
Pt,ihr Great Northern preferred, ano Nor
Bonds were heavy New York. wcstch..
to- and Boston tiss. although guaranteed by
M.rv,.,,d g. ;oiI ,,orc ,han ,nn- ny isi.na
issues and Denver ana Rio Grandc - we're
II ,hc interstate Commerce Commission
the selling price % transportation. The puhlic
NIX "%I Mgn} i9nd. 'T5 1G.ipmen, nrw
column OF Tho ,inanCiai prcss Nil Sonta n
the names az some % our leading railroads
nov York Juiy i2.-con:!:ued selling Of
licvoc 10 represent LIQUIDATION. today caused
further unscttienicni in The stock market.
week in ,haj d, offered most OF IN. hisS
3r-Ic issues. noteworthy feature the
sustained . net loss OF u. points The sell
inc Wis ascrihei 20 commsSio ion brokers. pre-
sGnably acting for home clients
United states steel was another leader
TO decline. and Union Pacific, the coulcI. and
metal shares yielded from ono to Two points.
Sow Haven aud othcr issues Of tho same
class were again weak, the former declining
To interests recent low record. while some
90; The Could stocks ADDED to their recently
severe iosscs. Tho arraignnIcnt OF New
iihv"u's former manastnent by the Inter-
stale Commerce Commission had little Of
feet on the market
Price rallied fractionally H. the nnal
dealings. and the tone d, the close weak,
Sew Haven, however. rejecting some buy
ms.
London VAS moderate buyer here despite
Gu.l conditions at homo Paris observing
holiday and Berlin prices Nere iow. Re-
ucWet weakness MAS reported from Vienna
MONEY rates we're noninslly higher.
la tho houd list half score OF low priced
issues lost from seven ten aud one -hs ,
points the latter beimE the extent Of ihe
decline IN one % the New Maven subsidiaries.
Panama coupon s. declined ~ per on
,di.
Sow York July ,5-Mercantl. pap.r.
G4,Ft. sterling easier; sixty day jis56
demand StS.45 Commercial. bills. S.s5d
So So. Bar silver. -. MEXICAN dollars a.
Government bonds heavy railroad bonds