The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-26
DELICATE BALANCE
SHOWN BY PRICES
Brokers Display Uneasincss
Amounting to Instinct That
Movement Is Impending.
ENTIRE LIST BECOMES HEAVY
Optimists Claim Reaction IS
Necessary Preliminary to
Spring Rise.
ay pRoApAN WALL.

N.,. York February s5-At times stock
market prices show the delicate balance OF
FOR more than an hour today one price
arps"T W. .oT Tn Mo I Paec ana Amaleamated
copper huctnqted an eighth. TraGi,ns was
extremely duh ana brokers displhEeo an
uncasiness amounting 20 an instinct that
movement was Impending.
large commission house on broadway,
noted for its Affiliations with the Pitts.
burgh crowd appeared as "a seller IN Steel
and Amagamated. Prices dropped sharply.
Ahou, this time London developed anxiety
over the situation In Paris and added TO
internationai issues. with the decline onco
started stop loss orders We're reached. ana
eialties suffered most falling two TO live
points on light transactions ,,.
weak Denver preferred showed n further
decline OF more than two points and the
fell TO 22A. AND foreign selling In the NJ.
k 7 Issues carried the preferred down
was a revival OF rumors of tresh compl-
real weakness lay in the pauoity of buying
stsfl was heavy; closing at the bottom
Union Paciic developed unexpected weak
ness. with loss Of nearly two while South
orn Pacific fell point on reports of heavy
damages sustained by the recent foods in
Coal stocks were soft. ReadinE dropping
from i67 to 1913. and Lehish Valley lost
~. 81. Paul Northwest. Great Ncrthern
and Northern Pacific were equally weak
California Petroleum and Mexican Petro-
leum scored reactions of two points. Rock
Island Issues were active at declining fruc-
ticns the common selling down TO IA and
the preferred at ~.
Few stocks escaped tho general cut In
prices. Delaware and Hudson lost ia. and
Delaware. Lackawanna and Western fell
three points.
Pessmism appeared 20 increase as the
closing hour approached. ana arbnrage
dealers sold stocks for foreign account at
tho low prices of tho day.
Bonds were active, but failed to reflect
the weakening tendency I'm stock quota tons
Except FOR the Rock Island issues. which
were heavy. the collateral is AMI the deben-
ture cs both displayed weakness.
Call money was Nrmer. with renewals at
per cent, and funds for fixed dates wcrc
held more closely by lenders.
Withdrawal OF crop-movinE funds has
suited I'm loss of some s. COO 900 of cnsh
from the banks TO the Subtrcasury.
January railroad statements were poor
with decrcascs ~ htchison and Baltimore
and Ohio of more than sl,teo.oOO each In
gross.
Canadian Pacific. for the third week In
February. Lost about - per cent. and pri-
vate advices indicate that this system will
show heavy losses in earnings during the
Proverbiully March should come In like a
lion aud go out like u lamb. Market wise
~ KS arc going out like 81 bear and lambs
are unreasonable scarce.
Optimists claim this reaction is a neces-
sary preliminary 10 the spring rise
New York, February 25-can money firm
CT CT. ut lN@s; ruling rate, 2: closing. 1902.
ninety days 3; six months Sia Mercantile
paper. 3>.Hils. Sterling exchange steady;
mercial bills, .tS22. Bar silver, G7,p. sieXi.
can dollars, - Government bonds steady