The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-03
HEAVY SELLING
IS UNEXPECTED
London Houses Turn 10000
American Shares Back
Into Market.
PRICES DOWN ALL ALONG LINE
Feeling OF Disappointment Over
Days Dealings Experienced
by Wall Street.
by pROADAN WALL.

New York. February 2.-Unexpee,ea and
heavy selling for foreign acooun, turned
A violen; decline in Rock Island issues
yM.hich carried ihe common TO ~. a loss OF
points. created bad impression In foreign
Pacific ana Anal gamated. turning back into
the market some 5000 shares picked up n
the end or last week.
For par, o; the session the general market
held we'll and even promised to disregard
pVt.i ~ NsaHae alii tnt "Scihe IN
deye!opments were mainly unfavorable
Pennsylvania showed decrease In net
earnings for the calendar year of over Sill
decrease OF s&essoe0 for the month OF De.
,emheT displayed o loss in net for the yrar
81 SilssSee. New York Central foil nearly
fIuinofs from washington that the senate
had asked the Interstate Commerce Commits
sSm 20 lnoes,eato aiisged rebates by Ms
that additional blast FURNACES had been
put into operation. and that the corporation'.
sel ee Of e a5S nST opeTa.nE al about
That prices o. steel pipe and wire nail,
we're advanced 81 per ton was particularly
coRpe5 metal was advanced from 1ayic,
bic supply In foreign markets destined near
ro Sy,e tons on, dnFing the past fortnight.
;cuching the low of the day shortiS before
ne close Utah was unchanged. Tennessee
S"ppcf solo up to 3iA4 on runors that stock
crease OF per cent this year The stock nets
,c e ana present e2rnings Justify eNpecta
Equipment issues We're notably firm Rail-
m Wy Steel Steel SPRINGS preferred advancing to
American Telephone and Telegraph drop
telegraph points on the storI T thRi 'h and
eminent contemplated open competition
western Union was heavy.
Gould stocks were weak with wabash
again feIt the brunt Of foreirn mneasin Sinus
NJ, "a
the best OF the indus,rias. was a pleasant
exception and ADVANCED from 1875 to 1873.
was announced. making ssGc0oOo on the
present movement. Further shipments are
-, IN money rose to per cent. a highe,
offered FOR periods extending into 1915 at 4
Der cent. London discounts We're easier and
oonsois gained H.. with French rentcs up <.
scale. The trading In Rock Island coIiaterai
e WAS eXcepuonaiiy heavy at prices from
Rock Island Railway Cornpany's stock. are
,ooked upon as an attractive speculation al
. In addition 70 TIE railroad earnings al
renoE, '9 qor 1ncS,, New Haven made poor
SlliV" Missouri, Kansas and Texas disnlaT-
ed a loss In gross o; $4,000 largely due 10
Wsil Street experienced q general feeling
~ d!sappoin;ment over the action OF toe
cay market. The opinion Is expressed tnst
he general list VIII cut away from disturb
Ing ieniurSs and ihnt outside buying win
move the market upward
Ne~ York, February 2.-Extenslon OF IN.
npwlrd movement IN stocks was prevented
io-daE by combination OF bsar!sh !nru-
ences The most disturbing factor was re-.
ucWet selling OF Rock Island securities
NHlca oec"ne acute!y weak. Last weeks
eport that the company would he rAor.a,
.4ed was folowed Today 6y in,jmaI g,1I
ltei dividends might be suspended on The
HirsGv. HocE Island and Pacific stock
h!ch y security Tor the Rock Island col.
a-eFhl IS Denial OF this report lsssopaJ
ile volume OF selling which f6r a .i,no 80
% urusual !y large proportions but the stocks
cached the lowest prices IN the history OF
ne company.
ile effect the general market v,e
.tightered 10y extensive selling her. ;or
european account Another uusettlIn., fant
4" as pressure against various Investment,
t9gEs among which American Telephone
lanaG'an Pacific and New Yorl, Central
IS ere cons3icuous.. Evestern Union SOLD ~.
~ sympathy WITH Iuer!c.iY, T.ienho6o - va
saaies being iEiueiccd by the pos;mastsr
5shs,ti FeeommehdAtions in favor OF gov
VifNneni acquisition of tho wire svster,e
'"'eWNer reports 81 the larger Eastcin Iii
.nnis "ere distinctly UufavorAbIe
Nlut nothing IL the way Of bulign pa,rs
r. couhieract the eject OF these Influences
."AS 'FaHrfs were unable TO bring abou, =.
r'suinpton OF the uptGrn OF late Iast yynot
h'ilnS we're irregular Ih" murke, ,y,s "a,
olSturhed by Liquidation ~ Tho ROY
s'@Iu. ,pohos Panama rs registered adj
Nahcsd "a ana the coupon Sc a point on cnII
New York. February Money on c,l,
,Fmer at 2g2A. ruling rate 2 closing 81
ilne loans, weak: sixty DAYS a.
,.,n ns az, 9ayS %9Sss SiX months, 81. Prime
steady ~ Sass Tor SIXTY day bits ana :
1870 Tor demand. Commercial liils 3. -
haI Sltver' ''@.; Mexican dollars 49, co..
eminent bonds firm. railroad bond. irref-