The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-21
NEWSPAPER FORECASTS
RESULT IN HEAV|NESS
Forthcoming Freight Rate Decision,
Expected This Week. Likely
To BE disappointing.
NEW LOW RECORD FOR ID. y o.
Failure to Put Appropriation Bills
Through Calling for Expenditures
Of About $40. O0O, 900 Is Imparting
Ease to Call Money Market.
II, ,,Ru,DAN WALL.

ny HRutDNN WALL.
Sow York. july ~ ncnviness in enc lead:
,he general belief in WaIl street based on
the new spapcr forecasts. chat the forthcom-
ing rate decision. which i expected THIS
week Nil bo disappointing.
London sc0t over lower range OF prices
Tor Americans. 'tue t" selling 10y the Con
tiutui In expectation OF war. but the Sew
ork opening PAID practically no attention
Tho nlshcs prices of The day showed
gains ot fraction to point in the leading
issues ana Netc recorded i'm THO forenoon
uui after midday quotations gradually eascd
OF uuti al' ia" gains were lost and frac-
iensi "sSes appeared. Figures were near
trteteI considerable attentions. and Is the
result of selling 10y persons "ho have been
putcnasns th" Union i'tcinc warrants and
ec'hu- ihe stock. rs well a. selling 10y Union
,le warrants.
raion racinc today sold minus II.
$500 t9l distribution. Its price reminded the
;"' panic Was raging. ~ the opening it
'hc cloSns figures of saturday Its price at
uo'ted small amount OF investment buy
iu- as Vel as speculation, that moVcdl tho
H"v'4N"n ~ - poinis. nut an this gam was
Houses in the street revealed that their
opinions arc based on their market position
rather than freak cuIsia erItion ~ what
raRer ioreeas,.
market a q result OF crop expectation and
Would Ice effective in sustaining prices Il It
did moi cause ua advance. Tncy all believe
mission in tine matter o. possible conserve
iic" OF expenditures and Improved methods
lumber a. Vic commission firms feel
inu tAy iec.s'"n WIN I,,N ot favorable Of
nSHte~lei .i' ,ne N,o iavcn report.
Some bAui,eiS itcl tatt u decision giving
ID Do 1if.f NJ b,
W.nd sN, Them new. starting point
\ decision iu the freight rate case H. not
ianue4aes nov an,.inc thei, outl"i in l.iwcr
security duutaiiou. There arc a few old
market sores which have "a yc; only par
i"ly healed Among these he Cluhim incl
dent IL foremost. Rock island. Missouri Pa
c!nc oul New Haven arc also wounds that
ARE tender rnese matters arc Still being
discussed. aud a." likely 10 remain OF innu-
enec ,oug after thc rate decision has gone
A. result %: The premature selling based
or ihc newspaper forecasts -: the r..ic lie.
S.Siou there IS d heavy demand for stocks
wiH! iakc g. s"od phii.nthropie. to sell
enough stocks TO relieve the chokcd condi-
tom inat exists iu the loan crowd"
owing 10 selling hy A,nstcr,i,,n rhcse n,i,r
ttn NtliWa! and inc r-i">.
st"ck Mas ia" feature. breaking i've points
on ulnuQncem'nt at ms forthcoming suit
D... money Was easier owing to the ia
N""o." bank statement ,nd tho continued
ITO" =" funds from The Interior to thI- centre
4Hr failure "i the politicians TO put the
De-, it,,rcs Of "Gout - - 900 -" I'm
lA.uus case 10 the call money market in
,hai 'aese funds ne sim "u dcpos ith
Fatdlrs ne Eastern freish, rate situation
"na Judge OF mnivorahie rumors iron,
"T"s1 coni !nu'ed t"NNrd ,o-day's dun ANA
ttu'piIA NLt Is IudrEIt. bl~pd ttpcs from