Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-01
MARKET FOR SHARES !.
VERY BADLY NEEDED
Its Absence Is Emphasized by Quiet
Resumption of Dealing
in Bonds.
BUYING ALMOST IMPOSSIBLE,
Houses Seeking Shares Have to Shop
Because of Scarcity OF Offerings
Following Tying Up Of Speculative
Accounts.
BY RRoADAN WALL.

BY BROADAN WALL.
NEW YORK, November s,.-where there is
one dealer In bonds there are ninety nine
quiet renewal Of trading on the moor OF the
exchange In tho bond market emphasizes
ever. limited this market might be at the
offerings OF shares, and houses with buying
orders have literally to shop" until they
ferings is the result Of the tying up OF
speculative accounts by the carrying over
inss.
In inaugurating dealings in bonds stock
s lore N. horse, Among The active bond
heTsSs fey are willing to go on record
lions, as bonds arc termed. Although there
Is temporary denrth of fresh offerings in
viii establish standard values not fore
bonds OF limited income which will be
rowers BY Eorernmenss. ndustra iS eoru1 DDs
lions or transportation companies.
MANY WILL SHOW LARGELY
INCREASED EARNINGS
eomnanie. viii show Largely increased earn n.
ders for war material. and the stocks Of the
utility companies. such as Inter metropolitan
competitors in speculative favor.
Railroad stocks do not appeal and cannot
over the outcome of the request for an ad-
vance in freight rates. And 4 is some
sold priGs to ,hs elSsnE on July
gain Of points over Saturday. nsures At
ment. and rightly looked upon us one OF
'ss mos, r., a'saS,ye of tho local traction
the preferred shares would soon be put upon
ane psr cent s Sne asmGII 81 ca ad
Southern PACIFIC conrcrtibles were steady
With decline OF from ssteadH Mese c hs.v'
on Texas ;nu COMPANY so e,, were strong
report Of the property. and the future out
%s wsne "a 5d AND mh'fa asked sea at lis in
VERY MUCH RESTRICTED
., Dealings on the curb are very much re-
ronsh 'n The euk 9 The business rS
well above the minimum established by the
cs m moGssnE was fTee1H eercs az
shif si1 q accounts tSs rate merely EN-.
Images rnI.sr sm,s average per cent for the
London the S" aa sa,s old is afeG nen cent,
while tho contango." carrying charges
is maintained in an effort forse h t n Iase
ing out OF accounts.
'raRs n"s On hs
prices were we'll maintained. and the local
Brokers exnrcssed qualification over tn.
nrmness OF the bond market Today the
., .rs sts IS days session transactions to,nied
;. In In, the late dealings. Can issues were
preferred stock to SO.
NEW YORK. November so.--Thc first full,
session OF dealings in bonds on the stock
E n,hny1,s under the limitations Xed by tho
treme caut on at al, times. Sut the move es
mtnt was broader than on Saturday.
marked prsponderance OF substantial de.
zines the losses IN some issues extending to
,cw gsins OF nominal proportions were reg.
In its chief essentials the trend Of III.
market was accepted as natural. There
WIS no concerted movement tn sell. Mcr-
With slight, recovery from last IS sa,nr .
days spectacular decline. soon feil bnck
Regular LIMITATIONS for cnIi and Time se nan,
were resumed on tho exchange. The open
Tie nhundant SIMPLY SON a" caused p ee9 fa on ~
@. closing ~ Time loans ur to sly
nuSeT or sn at "a per Gent anu
, morrow were renewed on the first named
" was understood that they we're approved.
:. I.s A., gales Of the scsaicn amounted to
under the normal
Issues which sustained the greatest LOSSES
refundinEs. Westinghouse Electric is Gem
Ira, Pacific IS, Chicago Rock Island and
Chicago ami Alton siss Oregon Short fa 1s
g. : East Tennesses. Virginia and Georgia IS
Hard So ""' ''o'
NEW YORK, Novcnbcr S3-ciosing: mer
iaadE p pN,y FIJI ~ E.teggs sxehsRss
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