The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08
MARKET YIELDS
SOME COMFOR
Fluctuations Numerous Enough
for Traders to Get Away
With Shave"
B. 6 Q. STOCK ovERsoLD
Disappointment Expressed Over
Failure to Continue Advance
and Retain Activity.
B. & Q. STOCK ovERsoLD
Ely RRoAnAN WALL.


<.,r work Tanuary ..-'rraders drew com
fnrt and nront from ;o-day's stock market.
FLUCTUATIONS we're numerous ano Wlue
Tor 10 get in ami out. and away with a
E"tI,ng zis-zaeecd from it9hi TO 1861. sew
,ru time. Below 16a excellent support oe-
vcIopcd and just under 10 the entire capi-
tai storI, appeared TO be for sale.
Little difficulty was found IN moving w
s.yc-,l OF the less active issues. Southern
1,acice was Jumped from 91i. TO cie.. and tho
advance held Traction shares resronded
easily but failed 10 make any inaterini gam.
harvester rose from 1851: 10 1851. and as
the move had been PROMISED several preu,s
, Mc, s'o advanced Northern Pacific a full
point. The quarterly dividend comes OF on
Friday.
,nd ohio was overaod and rallied easily.
,jcw Yorl; Central was driven 20 tho low
flrtre OF Sp:. on the theory that Union Pacl-
:iS would later distribute It's holdings OF this
stock The price snapped back TO sl at the
outside Of the exchange disappointment
wa. expressed over the failure OF the mar
lct TO continue Its advance and retain tme
activity displayed Tuesday. The public
has not rushed down TO the street nor OK
pressed any speculative excitement over tho
promised Union Pacifc's distribution. Look
,1s rtft horse in the mouth 1t is observed
What perhaps Union Pacific directors are dis
iiibiitng 70 their stockholders an asset that
INC omen market. II Is pointed out that Bal
tinore and Ohio IS 10y no means an assured
O. Q1NldcrG
apparently enauateF from those who are not
lereftcd 10y the extra distribution.
Speculation Checked.
kumOrs that Union Pacific preferred stock
holders would appeal 10 the courts - protect
what they term their interests in the com
uonvs assets checked speculation in the
common. which Guc,unted within the range
- point. closing trim. however. At i5sls.
steel rcoeded slightly. Attempts were made
20 derrcss the price. The stock showed sup
port Rumeiy shares made further gains on
Tho benefits to accrue to farmcrs on the new
currency bill Norfolk aud Western sold OF.
This VAS attributed TO insurance companies
who were thought to be marketing some of
rhoir Investments through well-knoUn
Bonds wee again active ana strong with
trading M % 1'nesd8y,s high iEures Union
large dealings and Wabash rcfundinr ~
jumped from 52i. TO 81. The buying in this
ISSUE IL notably good and OF "a character
that suggests = further appreciation In
price. New York Railway Adjustment o.
were heavy, and BROOKLYN Rapid Transit -
;n good demand At advancing fractions.
London cables indicate that no change Will
our own money marke, showed decided ease
With call loans renewing At 9 Banks are
gaining from tho Subtreasury.
Traders lind t. profitable 10 work in groups
1I:d these operations are not meeting with
the disapproval of bankers. This suggest.
thc thought that speculation IS meeting with
Tho encoura cement OF those higher up''
Reading is the centre Of professional .pccu-
i1tlyc interest, Recent fluctuations are term
IN advance
Nev York January 7.--Variab!e pr!c.
changes ana moderate dealings were the
chief charActeristics OF to-dHya steel; mar
let The plan OF Tic Union Pacific road for
disposal Of IL Baltimore ana Ohio holdings
continued TO be the main topic o. discussion.
opinions regarding tho outcome were widely
u'vcTEent
Union Pacific moved irr.Euiery with som.
slight gain In the preferred stock and
further weakness ~ the convertible bonds
= . lraN ~ do
hut later more than recovered with a gain
iu the preferred. The weakness OF Sew York
rcsted apprehension OF dividend stability.
despite scmiono!ai assurances 10 the con.
There some selling Of other railway
staros on thc theory apparently that these
Issues ma, cre long be offered In tho opcI,
sRtion' plaN Lp:erW,ttent pressure was ex-
"-ted eEu!1 st United. States steel una Anal
rsn'atsa t'opber on trade reports Of an ali
lu The main host prices Of the day wer.
scored IN The final hour when the list re-
nv he shares Of Western railroads ana sew
oral individuals including International Uar-
session which made It sudden advance Of 8
Money reported scaroer in London but
better ieellns prevailed at that centre 30
lsn rate. London ana the Contincn,
h"ught s"nic 5000 shares here and paris
avg Berlin reported hrmer tendencies.
ne only feature uf the irregular boud
inarkef was Inc active dealings in Union
Pacific couvcrtbles ~ government issues
I"na'"A IS gained = per cent on call.
CIV jogk January Money on cali cas-.
as' ~ geo ruling rate 3. closing. Mag
- sis months. 4i4ai4h,. Primo mcrcartii.
paper J9o. sterling eNcnnnge strong q,
ccrinsrcie nillt, Nslss Iinr silyer. rs: Nh =.
i0sl collars, ~. Govcruncn, bonds iirm
lailFoti bones irregular