Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-20
STOCK MARKET THROWN
BACK into DULLNEss
Optimism Gets Better OF Judgment,
and Early In Week Prices Arc
Shot Upward.
OPERATIONS ARE DISCOURAGED
End of Eventful Week in Exchange
Finds Business Slow, Final Days
Turnover Being Less Than 10000
Shares.
by nKOADAN WALL.

NEW YORK. December le.--Wall street
out OF trading IA week neo today s,iinu.
lated outside Interest. and on Monday the
tho committee found II necessary to trans
fer all the stocks TO the floor OF tho rk-
prices shot up I to points 6ringinr many OF
our international stocks close 10 the maxi
mum prices established in London. Selling
for foreign account. supplemented by bear
ish Operations Of professionally, checked the
advance and threw the market back into
dnliness. xiglnnt Stock Exchange officials
promptly discouraEcu speculative operations;
and the market without the balance wheel
somewhat errntic on Wednesday and Thurs.
day
Fridays market turned decidedly weak IL
the forenoon. and the decline threatened to
carry The list down to the minimum figure,
however. by the handing down of the de-
cision by tho Interstate Commerce. Commits
Prices steadied. although from a street
point Of view. there Was disappointment that
follow
Commission houses express confidence and
iRsues when the public realizes the import
anes TO The railroads. o. The Apparently sn
considered "a right abou, iaco'' on rail-,
road Legislation and restriction.
s. days market WAS duh and narrow. with
a total turnover OF less than 500 shares.
New H1y n wa, a,ronE anv1eing from r.. .;
substantially improved hy the rate increases,
Basimore and Ohio sold up to 7o, p' Missouri
Pacific hrner reports OF favorable
Alaska Gold sold up 70 -. 4, is under
stood this company will shortly issue s..
offered 10 stock horers al iio, american
Beet Sugar rose To 2i;s. new hiSh for
Rock Island issues were quiet The col
lateral trus, ~ were strong. advancing 20 %
this issue Would be dis,riGu,ed shortly. ''i ar
she p Par soc .s Il n eSnce,m
there are speculative opportunities AZ the
present range of &c.
several stocks have orotcn through the
minimum prices established. southern Rail
way prsf,err.d was offered a, % on ihs curb;
bid aud !'5 asked
ssnsnt on the Street w4s cheerful oo Ind
s sa1 a.hG un; f,a e sre1 n40s activity
NEW YORK. December Y Trading in
since the resen, resumption Of Business ''o or
the Stock Exchange. Some ot the more
and III" speculative @ fa % S'e' changed "a
hands In small lots The tone was steady
lar. with nominal losses "A, the close
The decision Of the Interstate Commerce
60 lnroa. In he naTn Tstr
again the main topic OF discussion. with con
Mercantile authorities reported improving
weather having stimulated demand In tho
textile trades. Record breaking cotton ship
same quarters
The coming week is expected TO witness
nome important developments In the steel
Industry including publication OF wage
ycalea for year Some OF the larger
mills have Increased their output but Inn
mediate business continues light Demand
for copper remains tentative. consumers sp-
parentiy hoping for decline from recent
price advances.
Features OF the bank statement included
moderate loan contraction. substantial
cash gain and 81 nominal addition 20 the
already large excess reserves.
Bonds were nrm AT the opening, but os,
ground later
Government bonds We're without material
change on small trading.
NEW YORK December Is.-CIosins: Mer-
camille paper. inii2, Sterling exchange, weak:
si1ty-day bills. sii. for cables. sSI: for
demand. SisS3j Bpr silver isi:. Mexican
dollars, s1t.. Government b"ui-, steady:
railroad bonds steady