The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-05
BROKERS EXPECT
SPEEDY REVIVAL
They Look for Outburst Of
Speculation Within Ninety
Days.
BEAR EFFORTS ARE FUTILE
They Fail i'll Attempts to Smash
Market to Lower
Level.
RAY RKoADAN MALL.

New York. January 4-Wili spe Gu.
Srekef fnrHs Amems
houses there appears firm conviction
that there will be revival OF interest
In the speculative stocks within the
next ninety days.
From the Wall Street anglo OF OBJ
s .rvation the large number OF failures
among percantilc and COMMERCIAL oon-
earnings Of the railroads, denotihg
the falling off in trade. and the con-
traction IN bank siearamges ,; are ne
cd by declines III Stock Exchange
prices, All recent attempts of bears
in the. stock market TO bring about
largely without profit.
Trading for the year just ended
showed detrea ,s IN n stock , Exc of
teen years ago. During the entire
twelve months of 1913 there was not
l.ooe.ooo shares. and this In contrast
with 1906 when there were over 100
days, or a third of the business year.
when the volume of trading reached or
exceeded this figure. and on four days
OF that year dealings rose TO 1000 900
shares When the increase in the vol
une OF securities now traded In is con-
sidered the idleness of speculative in
tcrest is all tho more remarkable.
AS business adapts itself to the tariff
and banking TO the new conditions, that
will prevail under the currency bill,
speculation likewise faces problems
Vet TO be solved. Interlocking direc-
interscandalous directorates, where in
,siders manipulated tho securities of
their corporations to the disadvantage
OF the ordinary stockholders, who were
NIL too frequently regarded as outsid-
crs.
An insistence upon quarterly reports.
may know the standing of his com
pany, without the aid OF an expert nc
countant, should stimulate speculation
during the coming months.
recent decision Of the Supreme
Court sustained the Interstate Com
mcrce Commission in its efforts to
uniform system OF bookkeeping.
Until investors loosen their purse
strings and show Willingness TIC de-
velop new lines OF industry there VIII
be little inducement to float new com
pnncs. This should concentrate re-
vtving speculative interest in the Sc
nelent.
Local traction shares, not effected
by rate decisions, show an awakening
Of 100000 Third Avenue bonds Third
Avenue stock probably will be placed
upon dividend basis. Recent figures
abont per cent. Action on the
marlborough Metropolitan preferred
dividend probably is held back by tho
unscramble their directorates.
Efforts TO settle government suits
against American Can out OF court are
understood to be progressing favor
nbly. and good work IL being accom-
plished along the same lines by Amer
lean Sugar officials.
While little news is obtainable re-
garding the suit against the United
states Steel Corporation. the iirmness
OF the price OF the common stock is
considered Indicative of a Willingness
TO meet the wishes Of the Attorney
General.
Tlopefulness regarding Improvement
for railroad stocks hinges on the at
titude of the Interstate Commerce
Commission toward the rate question.
Perhaps too much faith is held that
the full per cent increase asked for
will be granted.
The myth that the settlement Of the
Balkan War would result in a revived
demand for American securities abroad
has finally exploded London, still
suffering from recent undigested is
cial situation In Paris, where CON
dition Of decentralization existed that
has been likcncd to that which pre-
vailed in the early 7o's.
Evidences OF a 'get-togcther" spirit
between bankers, business men and
public officials is the corner stono OF
present ODtimism