The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-02
MARKET IS FIRM
WITHOUT REASON
There Is Absence OF Public Buy
ing, and in Face OF Very
Poor Railroad Reports.
LONDON ALMOST BUoYANT
Bonds Unusually Active, With
Mixed Rcsult-Uncasy
Short Interest.
Ky HRuADAN WALL.

Now York Aprn L.. In the absence OF pub
lic hIyiuc. u cessation OF short covering,
and ion sic face of tho worst batch of railroad
reports thtt hevc Vet come TO hand. to-day's
prices 90 no, trccde when apparently
iiQma.,ien .h"nld occur. ana u..iers s"ins
c5aciusion that tho underlying speculative
srrfu,c conditions hut FEW have the cour-
aee go back thcir conNic;Ion 10y the pun
Five points OF strength arc summed up
thus The thoroughly liQujduted condition 90
ovcrso.d markrt on ;hc door Of the cNch.nrc
presents tn. fact that II Is far caster To lose
Thar Ir Is 20 borrow them. the thoroughly
bankers returning from abroad, reporting "a
lack OF speculative interests. even greater
,ban that existing here. promises OF y large
supply. with little danger Of q s;rinsency
curing the next cron-,novinc period
quotations Mere traCtiunal!y higher AT the
.inos, entirely professional Interest vas
a,ese.y sssociatc,i with II. Rock,:o.ler in,
hs Missouri raSa5 "ote and N" im 1SSe' the he
THIS viii eliminate The Could control.
Denver issue gained from Ia. points. ana
it7n was atronS- THIS ucntivident payer
:Rovs more sprishuin>ss than many OF The
lldly aGeeted by the February earnings.
SLOWING decrease OF 81, i2io 2t in ne;
Cauad.an Pacific had +, better tone in
Spouse go ;he inp-ovci conditions abroad.
fols advanced =. and both Berlin aud Paris
oispayea eheer:Glness. Foreign houses wcrc
rested that London prices Mi! !ule higher
ttliS morning
sdviaae in r;ah Copper Fhe,e .hares arc
particularly promising A'uaigamttsd Was
-si Steel stocks 7erc neglected The iiqui-
Gat"n i' Htc'i common appears % have ruu
1ri-es 7ni q ile uerroN rut where traders
Itey 90 each otAt. foi tns Illustrations OF an
Bonds were unu-ue'ly active with mixed
tes-.i The announcement that New York
- ~ .ApsA y oE9tEa Incubation "nd "
ga ISSUES Rock Island collateral Is Mere
,hrourh TIC asErnss .vrness of iioor Traders
CSl.lso Burlington and Quincy join, =
-s Nh 'ia s,s , s4, a9 asgr' in ., wS,
continue - 'Ny New hay.n selling a. 20.
time; why Investors should hoid Nc0 YORK
Central. when earnings clearly indicate
rsdae,lon az diyiaeuis. and why the public
should buy Eric common that never has
leius without d satisfactory solution?
There is am uneasy short interest that haS
IT. very close - The market who would no
doubt he large buyers on 4 quick break
:: sharp advance.
New York. april i;-Pri.e movements to-
day were narrow and stock possessed none
of 'le viEor shown on yesterdays rise lr-
regularity OF tho movements reflected the
conflict ot Influences brought la bear on The
market. News from Washington that the
Interstate Commerce commissions decision
III ne freight rates case would he rendered
possibly Within ID month caused bricf rise
IN 'hc railroad list bu, the effect was les
ssuri by The poor showing of tho largest
Eastern railroads Tor February New York
Csuirals decrease 81 SS.i3i.oco in operating
revenue Tor February and peansy !vauia'S
shrink"ee Up operating income % $4,000
were emphatic rcuindcrs OF the present
position nf The railroads state aud munich
pal bonds wcre lowor on news Of the forth
coming Ncw YORK. Cily issuc at a reduced
interest rates.
Railroad bonds we've well held except
Rock Island collutcrals which ien Il? 10
;a'.' new low record. Uuited states bonds
were uuchah.eG Oh call.
Sew York Aprll 1-y:Atay 81 Ian .,o.av
g; l>c.' ruling ra'e. . closing l7.m..; time
loans. steady; sixty days af.a.2. ninety
days, -. SiN months. &u%, Prime mcr-
camille paper 3'3p4 Sterling cxchnnr,
steady a. N.St.5 FOR ,iNtY daSs ana AZ sisd.5
silver, 49, NeNi,tu dollars 4T. Govern
luent bonds steady railr"ad bonds irregular.