The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-21
TRADING IN MARKET
FALLS TO Low EBB
Nj Times Prices Stand Still and
Commission Brokers Are
Discouraged.
BIG SLUMP IN BUSINESS
lii View OF Approaching Holiday,
Brokers Suggest Waiting
Tor Tuesday.
BIG SLUMP IN BUSINESS
by pRoapAN WALL.

New York. February 2o--Tradtng ieU 20 a
igy ebb I'm to-Gay's stock market. At times
prices stood still. and the steel crowd that
normally numbers seventy-hve 10 100, was
stories reward the close some waGgish
members started heavy trading In Missouri
inepibsr5 were supplied with buying orders
at the market. which they attempted TO
execute in the nids; OF bowling mob who
save the visitors in the galleries the i'm
preston the market was boiling. III was not
iinti the gong struck that the noviccs dis
covered that no such stock existed, and that
ail the orders were fakes
Commission brokers arc discouraged at the
slump OF business. Traders found II i'm
possible 70 move the standard issues even
Highly speculative Issues attracted atten-
don Ice Securities was bid UP TO S2s.. but
fsil OF In the late dealings to 81: This
General Motors. after selling at fox. fell TO
although the dividend rate on Western
Island did not ms,erlalize the stocks SOLD
down 70 new low figures. the common touch
IL include a liberal assessment on both Is
sues. The bonds were strong. The attrac-
commented upon In this column, The col
lateral IS rose 2h points. the refundinE IS
f Zen 10 20 s. to H. and the d'0'A'oF' Is from
The proposed reorganization of Wabash,
suggesting $50 assessment on each stock,
carried tho common to 2t ana the preferred
to IA.
above 10. Thi. one OF tho bea, Industrial
made further advance and crossed %. The
shares arc gradually being withdrawn by
steei stocks Eers strong Be, HE steel
closed a, esis. With Tony Drexel bidding
Rumoiy Issues declined sharply. the pre-
ferred losing ~ and the common IN. The
street expects receiversh.p as the only
solution for the cempany's financial trouble.
London cables indicated that Paris was
small BANKERS receiving assistance. AZ for
-igr markets are quite bare OF American
stocks 70 attempt was made to sell shares
.e mis- market, and London did practically
Central Leather SOLD OFF on the publication
90 TIE annual report. which was much poor
er Than the pubuc had been led 10 believe
Ay insiders, INA; advanced the price to s.
hsfo-t ths figures were made public.
t.Ijsr vi 70 5cuht i. advanced from , 70
: pe- ctr; th- stock was heavy and scored
above ~ sA.s on. 81 the best Industrial
issues .hc-td appreciate With revival in
F.nrrB business
salss from me ACTIVITY IN the Rock Island
WablsA -.frnatre 3 sold down to 5sls.
There VLs As4vy d:a!n OF currency from
htv-a, 10 To- r-;urn G: crop moving money.
I<cuL- institutions have lost nearly IS. 5000
unchanged. and ;he!e IS Little or no de-
-ua-a Ear t:-1e loans
saeres, wai:iae Tor Tuesiay's market. Ths
Ehcerton. continued strong, and barring ac-
rlleiSe- AeSt week market may De expect
90 10 5e strong
New York. February :,-The only sem
D.ance - lite IL the stock market to-day
was derived from the movements OF shares
with d small speculative following. which or
G!narily p!sy an unimportant part In the
dealings. These stocks moved irreguiavly, re-
fectins no general tendency.
There was good undertone and the
lnarke; was not influenced by selling here
FOR foreign account London disposed OF
about loe90 shares on balance. Win week
IL n n
Monday. professions! traders do not wish
to put OUT new lines. The days transactions
were the smallest OF the year.
The bond market was quiet. Changes were
-rurlportant. except in IN. cgss OF Rock
Island ISSUES which advanced sharply.
united States bonds We're unchanged OH call.
New York. February :O.--Money on cali
steaGy nj l&.g2. ruling rate 10; closing is.I
:. Time loans. .SteRdy; sixty days 2aI2s.;
NINETY days. ?ta3; stN months. s4g3Ta.
Prime merca6tlleN paper, 3a.p;La. Sterling
exchange steady at si:s3i5 for sixty days and
az st.s5so for demand. Commercial onls 4A3
Bar silver. 57i., Mexican dollars. A. Gov
cTnment bonds STEADY; railroad bonds !r.