Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-23
PRICES ARE IRREGULAR,
AND WEAKNESS IS SHOWN
Quotations Influenced by Strength in
Cotton and Wheat and Unccr-
tainty In Steel.
NO GENERAL WAGE REDUCTION
Corporation Makes Reassuring An
nouncemcnt, W lille Admitting
There May BE REIMBURSEMENT in
Amounts Paid for Skilled Labor.
by BRoADAN WALL.

NEW YORK. December 22.-Irices on tho
AT times weak
Strength in the markets for cotton and
common dividend coupled with selling for
foreign account Influenced quotations. Floor
traders pessimisttc, and their opera
lions tended further TO unsc,tIe prices
United States steel common dropped Ia
minimum OF Is. As the stock Exchange
%omm'tee has adopted rr rn;GiiSs of Sr,c rs
TOO much faith should not he placed In IS
as a dead line
After the close 1t was announced that No
general reduction in wages would be made
4; this time 10y the Steel Corporation al,
though some readjustmen; In amounts paid
to skilled iahorers might lac considered.
STEEL SHORTS FAVORED
week ago. when the stock was selling at
-. that they were unfairly treated, now have
Judges of market movements. however. say
this is the wrong time 10 he short OF tbs
stock and look for appreciation within a few
weeks.
Central Leather directors fulfilled exnecta-
lions when they put the stock on a per
cent basis to-day. Proht- taking brought !.
tennessee Eoppe5: which PAYS per eein,
high enough for the time being
American Beet Sugar. which pays, no divi,
dsmd mads further IdvanSes '%,d%y nmn
from officials were unsuccessful The annual
in s9,nE Gos mot and p"TG "n,
to the management, say dividends ON III, Inc
may be considered highly speculative. A.
though the buying has been undoubtedly
good.
Bethlehem Steel common hao "a clean gain
Of 81. points to iaa.. Last year directors
rh d" stock &c is is entitled to per cent, 6u, is
:oneul.uis,,vS 1t il an'eipa,sd that the
prS bass for VII s be SLING at the
shares are sought by investors
in the i.ehish Valley case. but earlier ad-
We're not fully retained.
FOR AMSTERDAM ACCOUNT
Rock Island issues we're gold for Amstcr
dam account, the common dcc!p'nE to =
and the preferred to ~. The old Chicago.
Collateral for Chicago. Rock Island and Pa
ciac Railroad 8 per cent bonds. was pub
HonihoiGe-s protective committee This is n
siep towards restoring the standing of the
Holding Company will he given an oppor-
Bonds were irregular Convertible issues
we're heavy. and Bethlehem Steel IS lower
yertibie Gas IS changed i,anas in large
Foreign selling may follow the rcccip,
This = more q. a burhear than n men
ace. With call money q, q: per cent time
in favor OF the railroads" remarked an
international banker.
NEW YORK. December c2.-That the sup
ply OF securities continues in excess of the
demand Was again demonstrated by the
heavy course Of tp-day's dull movement on
the stock Exchange. Many OF the better
known and seasoned issues Of less import
ance. Including priced copper. were Iuoted
At bottom figures.
United States Steel assumed its old posi-
ticn as leader. falling In the early dealings
Ia ISM from which IL rose tract!onally, only
I" decline again in the final hour. Support
OF this stock was rather indifferent, and the
closing WAS weak.
In early trading Reading and 1.ehigh Val
Icy were conspicuous for their relative
Of the Federal Court, which declared that
I.ehigh Valley had not cvaded the anti
trust. laws In It's relations with some OF it's
subsidiaries
Bethlehem Steel preferred was another In
stance Of strength, partially as :, result of
Il rumor to the effect that the company has
Leather rose on the increase Of It's dividend
from 10 : per cent. Announcement that
INC Nirginin Carolina preferred dividend
of the cotton industry caused surprise
and failed 10 bring out any OF the stock.
--latest war news was productive NJ moro
cheerful feeling In London. where reports
81 tile rcopcnlrg Of the exchange early In
tho coming year revised
Bonds Were irregular with free selling
Of the active group. Total sales. par value
United States government, coupon IS ad.
vanced 2. per cent on call.
sew YohtS. December 2e-closins: Mer.
camille t"1pes ir,,a: sterling exchange
steady: sixty day. bills, sis275; cables, 81 sts5
Jien!and SiS5,S har silver, 49,. Meyica,
iB.'d 'o'lt!g. Irregular,