The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-15
WASHINGTON NEWS
CAUSES ADVANCE
Favorable Construction Put on
Wilson'S Forthcoming Trust
Regulation Message.
PRICES CLOSE AT THE TOP
Conditions Unusually Sound in
Stock Market-No Slacken-
ing in Bonds.
PRICES CLOSE AT THE TOP
II, nRnAnAN WALL.

Nov York, January l1.-Latc III The after
!, highly favorable construction to President
Wilson's forthcoming message on trust leg
islation Prices responded instantly by ad-
vanciur sharply closing at the top. with
brokers clainoring for stccRr.
ro-day'S market opened quiet. Tho sale of
10 on STEEL 10y Il iloor trader. recently active
ou the upside acted as aanpsr upon car
de"i'nf: r NO r@Tguar sanH nSisr
American Can stocks crcpt up quietly.
Good buyinr was noted i'll tho preferred, and
for a tlipc Tho common shnrcs were stronger
insi the general list An carly announce
iueut Is looked Tor regarding compromise
with government officials on pending suits.
such news probably would be followed by
ne Preferred. aud the fulhilrnent of the
promise made that this would be succeeded
dividend basis. Earnings during 1913 Justify
Gr5; pteisrred viii receive dividend. The
Iu,ius OF $500 shares OF the common carried
1 Gn f5sSs s " P2 s,e. common rightly
sldeTel me eAsapes, o. the active .ndus;
l,isI.' f. ht,raciive owing to tho stubborn
future business by present trade dulncss.
Faith in the rtvival OF genera. cu..ness mus,
include an Improvement In the demand for
finished steel. TO quote large producer.
althoqsh facilitier for producing steel have
expanded enormously. Tie natural increase
M businos. with n return OF prosperity will
no doubt again tax manufacturers to the
Coal Stocks Strong
coal stocks were strong. Reading gained
pclnts and Leh!gh Valley jumped from 1913.
20 iiSi: the best kind OF buying All the
leaders were actively strong tho day
Southern pacific touched 80 new high
for this move; Union Pacific. ldSSs. and
Amalranated Copper rose from - 10 49,,
with mo- Improvement in tho copper trade
Beet sugar was active dividend rumors.
ard shorts bid up tho Rock Island issues "a
point OF more. Tho common sold AZ 10 and
the preferred at .3i.. advance of over
points from the figures at The close or the
Year.
Bonds sales exceeded Tuesdays large to-
tai with no sackennE In tho demand, aud
continual widening OF public interest.
United states Steel 5s sold at To- and Rock
lsand collateral - continued firm crossing
y. Erie general - and Erie convertible Is
were active NJ advancing prices. Tho tone
q. the bond market is eHc.lient. and gives
inquiry from investors.
Conditions are considered unusually sound
IN the stock market. Dealings become dull.
but prices do not rccedc. Here and thei.
may be noted tho reawakcn!nR of interests
that have been dormant FOR months. steel
selling In the COS has Invariably proved
cheap after periods of trade .ecessonS.
American Can In the Sos has not anticipated
a dividend and Erie ~ ruling figures does
not reflect the prosperity shown by last
years earnings.
Reading is future with some OF the best
judges Of stock markets, while Union Pacific
stil carries the extra dividend and the dis
tr!but!on promised by the directors.
%ew York, January ii.-Money on cali
steady at ei.N2lp. ruling "a