The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-20
SMALLER TRADING
IN STOCK MARKET
Irregular Movements Reflect
Disappointment Over Delay
in Decision OH Rates.
FIRM UNDERGONE MAINTAINED
Little Disposition on Part OF
Bulls to Move Standard
Issues.
FIRM UNDERGONE MAINTAINED
ny BRoAnhN WALL.

Nes York February ie.---lrrcguar and mar
trading. rejected the disappointment .cit
over the announcement that no decision on
While the firm undsrtone was malntniacd
There was littlc disposition on the pat or
Tho bulls to move The standard issue.
Ice advanced some points and General
!iotor = but neither g. calculated to
encourage faith In The genera! market
Issues were strong These stocks act well
coppers We're inciincd 70 hGavlness. Utall
frac:ionally. Selling for Boston account was
Wabash Issues fell 70 now low levels in
anticipation OF heavy assessment and
Rock Island shares scored further declines,
w An ,' assessmen r';' would seem inevitable
BROOKLYN Rapid Transit was firm. the over
ranics that operated the underground sys-
tenn during the present unfavorable local
Great Northern declined frac,ionaly un-
der sales against rights, Western Union
barely steady, and Southern Pacific was
Bonds were active, viii, heavy trading in
New York Central. Lake shore 3as, which
advanced sharply. failed to retain the rise.
Trading for London account was further
restricted by tho suspension OF settlements
in Union Pacific. Tor month pending tho
u,ion Pacific to distribute its Baltimore aud
Ohio holdings Foreign markets were duli.
London, Paris and Berlin showed a reaction
AIRY tendency, ana British consols were off s.
IN View OF the coming holiday there is
little disposition to trade on the hull side.
ana majority of tho room traders have
become convicted thar short selling over
night is largely Improbable.
steel looks cheap at current figures. and
Union Pacific has been good for a small
profit, If bought on every reaction.
New York, February Is.-spcculat!vc ac-
tvity to-day diminished. and except In a
Jew isolated cases movements were unim-
portant. The market improved slowly In the
morning but subsequently drifted back
again.
The morning advance was influenced by
the statement OF Commissioner Harlan. of
the Interstate Commerce Commission tina,
/" decision would be made in the freight
rate ease within the next three months.
Speculative opinion iuClncs TO the belief
that some Increase viii be granted. There
shares, and also Cor stocks OF affiliated in.
uustries, expected 10 benefit from q more
Iloerai buying policy on tho part OF the car
iieTN IL they are permitted 10 raise their
rates. INC afternoon reaction due more
to the cessation of buying than to pres
Aiso held back the general market. Rock
Ithnn preferred made new low record al
'H.. GcneTal Motors continued 10 advance a
one tline showing gain OF nearly 6 points
~ sclu above % Is compared with its low
price last month OF 37A. Trading In bonds
United states bonds were unchanged on cali
New York, February ie.-Money on call
steady ~ l'tT2; ruling rate. -, closing 49,
:. Time loans. steady; sixty days. aisa9i.
ninety days. 2AsHS; six months, Si.6Sis. Prime
inerGahu!e pansr. 3',@ils. Sterling exchange
steady a. Si->31h for sixty days and SI9tyo
Toy demand. Commercial bills Sia Bar
silver j7is; Meycau dollars 49, Govorn.
iheit bonds steady; railroad bonds steady