The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-17
ACTIVE TRADING
IN STOCK MARKET
Gives Wide Range to Prices and
Further Emphasizes Strong
mANY STOP LOSS ORDERS
Bond Brokers Much Encouraged
From Numerous Inquiries
They Are Receiving.
MANY STOP LOSS ORDERS
BY BRoADAS WALL.

>ov work January le-Stocks closed IT.
regular to'day WIN some snln ,,i,,o ranrc to
,riccs ami further emphasized the strong
ilndcr;oue that noted chriter in the
Substantial profits, quickly acquired by
traders. caused Tho placing OF nomero. y,
so demand The setback was anticipated,
and I'm Tact. welcomed.
Pressed steel Car directors are eNpecttp
10 mot az the end OF dis month TO discuss
the placing @! The common STOCK on "a u'Nl-
lend basis. Tho company has ouilt up
largo surplus, ana earnings arc estimated at
lie rate Of per cent on the common shares;
Il j. probable that tho stock VIII be placed
OF n per cent basis. payable quarterly
'rhe shares were firm to-day around ai1a,
United States steel common showed early
PRESSURE the stock dropping to 62is shortly
after the opening. Later in the day the
price Was bid up sharply to tSia. where
n.0vy sailing ORDERS encountered that
,arried the quotations back 10 SEA Pront-
,akine was responsible for the decline rather
6usin.ss bethlehem Steel issues were
strong, the preferred gaining 21a points and
the common fractionaily. These issues nre
Erie Is Active
Erie active. selling at 81. md the hrst
Preferred rore from t5le to IS on foreign buy
INK Little faith IS placed In the rumors OF
Il Dividend this Issue: The expected rate
Increase, however. would no doubt insure
sucn cotton at later date.
Great Northern Ore certificates rose
points and Corn Product issues scored sub.
pamy would seek a co,npiomisc with the
government In the pending suits
utcs, and Lehigh Valley sold OF on stories
that Reid interests were taking proh,s.
Reading again puzzled the traders by drop
ping back to lssis. whore q firm peg seems
10 he established. strength IN southern
Pacific was notable. the stock failing TO lose
ground when the rest of the l'st sold off. At
5e Union Pacific met block Of stock that
carried the price to los at the close.
orders from foreign houses FOR short-tctm
notes ana hiGh-grad bonds was n feature
pi the investment business. Bond brokers
ieel very much encouraged from the nuIner-
inquiries they are receiving, and predict
mat the demand Will shortly extend to the
scmispcculatve Issue.
New York state tia per cent, when *
sued" sold UP TO 100, tho highest level Yet
ouched. insurins that the State would OBJ
tain a good average price for the 81. 0o0, 600
improved conditions abroad were reflected
Ivy ii firmcr tone in German Imperial 3s and
further reduction Ia the English Bank rate
L. anticipated
Banks Make Gnins.
Local bankx made a further gain by .heir
of to-morrOws bank statement indicates an
increase III cash OF about $1,000 800.
Investors should not be carried away by
tho optimism OF professional traders. Care
ful Discrimination must be observed In the
purchase OF securities. Many of the stand
ard dividend paving stocks are still below
iicipating an Improvement in business that
- still some weeks away.
New York. January lo-Money on can
steady. i%q2&-; ruling rate, 2&: closing bid.
~. Time loans weaker; sixty days, Si.;
ninety days. 80; six months. 4aH. Prime
steady. after weakness. at s+S25o for sixty
days and at sit5i5 for demand. Commercial,
bills, H.S2la. Bar silver. STA Mexican dol
lars, 81. Government bonds steady railroad
bonds strong.