The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-22
MARKET WILLING
TO MEET WILSON
Further Advance and Diversity
of Trading Uncquallcd i'll
Past Seven Months.
CONFIDENCE STRENGTHENED
Brokers Report Good Business
From Central Wcst-Poor
Day for Shorts.
ny BEo>DAN WALL.

Sew York January 2l.-Security prices dis
ni.yeli n WILLINGNESS 10 nee; Presidcu, VIII
SONS half way attitude 10y Il r,''t:cr broad
and substantial advance.
with dealings close 10 t0o.oec SHARES ana
diversity of trading uuequulled In the past
seven months. tic stock market has again
demonstrated how quickly confidence cal! ne
strengthened.
pubiic inquiries for stocks came Largely
.-om out Of town Brokers report good bust
ness from the Central West where farmers
and merchants have not felt the trade reac,
non experienced In manufacturing ana
transportation circles.
London. TOO, showed improving tone.
while further reduction in the bank rate ia
looked for tomorrow. some .o.ot9 shares
we're picked up by the asbitrage dealers with
Erie. Southern Railway, ontario and Anal
Camatcd prcdomina ting.
Low Priced shares In Demand.
With Guickcning Of speculative Interest
iow-priced shares arc IN demand. Pittsburgh
coal active, advancing TO coS: With
other coaiers strong this Issue should prove
attractive. The property boasts the largest
II has long been considered a pct project OF
H. c. Frick. On broadening market II Is
considered probable that plans 10 settle the
balance OF the back dividends due, preferred
stockholders will again be constdered by the
directors. The preferred now pays per cent
and Ia selling around So.
Pressed steel Car gained Ia, ana American
Car Foundry point. Steel common rose 20
cii.. where II met raft of stoc! that held
The price steady about this figure. copper
issues were notably firm. Utah and Amalga-
mated each gaining a point; Naynda Con-
than point.
7'rneiion issues made a good IS showlnF'
paying 6 per cent, This cock is an excellent
business mans Investment marlborough
Metropolitan issues were strong. 1t Is under
stood that the bankers have found Il ready
market for the recent issue of AZ per cent
bonds of this company.
Atchison St Paul, Northwest, Great North
-rii and Louisville and Nashville were ali
frim. Erie issues were prominent. the COM
mon selling at $l'.. Reading for some I'M
known reason has not been allowed 10 parti-
cipate in the general Improvement. and was
held below III When this stock does move
.1-point advance would not surprise bank
ors familiar With the company's resources
and earnings.
IS previously noted, Southern Pacific was
and is stil ono of tho cheapest OF the .
ner cent issues. Union Pacific moved M a
neg closing at 100. Short covering carried
Baltimore and ohio 10 20 and New York
central W. ~.
Toor Day for shorts.
II poor day FOR the shorts In any
With the state bond issue six times over
sdbscribed; the Improvement in the invest
nent that should stimulate the demand for
bonds. This VIII naturally be reflected by
further Improvement in stock prices.
Baltimore and Ohio made a poor report
for December, showing a decrense or 1913 600
in gross and sai7ooo In net earnings,
Reports from the iron trade Indicate a
better demand for both iron and steel pro-
duets.
stock market movements give the appear
uce OF being under the control OF tho larg-
est banking interests, ami no setback OF mo-
'nent is anticipated until small traders be
como over-extended or premature operations
are begun 10y operators who do not enjoy
tho confidence Of nnancia! leaders.
New York. January .i.-Moncy on call
steady at 1902; ruling rate, .: closing. 15.H
Z. Time loans weak; " days 3; ninety
lays. ~. sis months. l. Prime mercantile
paper, 4uIiA.. Sterling exchange firm at
si.S36o icr sixty days ana at si.s3;N tor DC
lnsnd. Commercial bills, S.Sa,. Bar silver.
a,i.i Mexican dollars. H. Government bonds
mr. sular. rallrnud honAs slronc.