The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-03-02
FEBRUARY MONTH
OF SLOW PROGRESS
DISAPPOINTMENT AND DOWN
WARD DRIFT MARK TRAD
ING-RECORD.

NEW YORK. March LIN Wall
Street the month Of February was a
period of disappointment. because OF
the unfavorabl contrast presented
by the stock market with January,
both as to volume of business and
price movements. Trading in stocks
and bonds was much below that of
the preceding month, and instead of
buoyantiy rising prices, such as ush-
cred in the year, there was a slow
downward drift through nearly the
entire period.
Industrial progress vas reported.
and in the steel trade there was an
enlargement of both orders and out
put The pace of recovery was not
swift, but 1t increased substantially
the optimism that was felt over the
outlook. In various lines Of endeavor
throughout the United States, re-em-
pioyment of labor was reported.
Money rates continued easy in Wall
Street, and SS,000,000 gold was ex-
ported to Paris. European stock mar
kets were reactionary throughout Feb
ruary, and at Paris considerable un-
rest was caused by financial difficult
ties In certain quarters
February 2--Seeurity prices lower.
Weakness in Rock Island the feature.
Call money at 8 per cent. Gold en-
gagged for export to Paris, 100000
February 3-Irregular market dur
ing early hours; active buying on
light rise. Call money . per cent.
Boston and Maine notes. amounting
to $10.000,000. due this day not paid;
company asks for extension until June
I'd. President Wilson lifts embargo
on arms into Mexico.
February 4-Renewed weakness in
NArrfr
selling in final hour. Further i'm
Austria lowers official rate from 5 to
4 1-2 per cent. Hearings commenced
at Washington by banking and cur
rency committee on New York Stock
Exchange. Congress again supports
Wilson in his policy regarding Mex
leo. Committee formed TO consider
plans for reorganizinE the Rock Is
land.
February 5-Prices Of stocks irreg-
ular. Strength in bond market a fea-
ture. Bank of Germany lowers Off
cial rate from 4 q to per cent
February 6-Decline in prices in
closing hour after early irreguIarity.
Rock Island issues at new low rec
ords. New York Central down to
81 SIS. decline Of 2 IA points. Sem
ator Norris attacks Interstate com
merce missions investigation into
New Haven affairs.
February a--Prices advanced IN
early trading. but decline later.
British Court of Appeals decides
against White Star Line in Titanic
claims.
February to--Recovery in prices
after early irregularity Favorable
report on steel trusts new orders in
January.
February i1--Prices generally little
changed. with quiet trading. Adams
! Express company cuts dividend from
IL to per cent, Southern Pacific
$50, 900. 900 per cent bond issue
heavily oversubscrtbed
February 13-Market Arm, but
prices move irregularly.
/ February i4-Trading quiet. but
prices hold firm.
! February 1s--Prices lower on an
| nouncement by interstate commerce
/ commission of postponement of
/ freight-rate case to September 18th.
/ Trading moderate. Another $1,000
! 600 gold exported to Paris. Fourth
| National bank announces plan tn re-
duce capital stock from $4,000 to
4 s3.o00.0 900.
/ February l7-Weakness In closing
hour after dav of inactivity. Bank
! of the Netherlands reduces discount
rate New York Central applies for
permission to issue $70.000.010 bonds.
/, American Telephone and Telegraph
sells $40. 000 900 Western Union stock
to syndicate headed by Kuhn. Loeb
&; Co. Great Northern announces s1s,-
4 600. 900 new stock issue.
/ February lS--Abrupt recovery in
prices, on Washington dispatches.
News of President Wilson'S insstence