Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-12
FEAR AbANDONs TRENCHES;
RETREAT is LIKE A ROUT
Buyers Hope to Anticipate Effect of
Return of Public Con-
fidence.
HEAVY BUSINESS TRANSACTED
Difficulty in Securing Stocks, AL
though Bids Are Advanced Sharply
Above Recent Quotations-Bond
Market Is Strong.
RY nRoAnAN WALL.

NEW YORK. December iI.--when cheer
fulness takes the aggressive, fear abandons
it's trenches. The retreat TO day turned into
buyers. hoping TO anticipate the effect OF a
return OF public, confidence. found difficulty
in securing stocks although their bids were
advanced sharply above recent quotations.
buy ssssks through S Se the
business since the close OF the exchange. and
issue S opIsrs Sas ali
well as those made morrow. must be put
in the usual manner ON Monday.
The bond market WAS strong with "stiSy
of is. Other Missouri Pacific issues were
the finances of the company can be con-
Quoted without serious. loss to bondhoiders.
frmer the first Is advancing to 70 bid,
and the second a. to 81 bid while the FIRST
E Es Sis IS ~A'e" recently sold at o. were
granted Erie cons ':Bs2 went, to s2A bid,
and the &c s We're
would no doubt be specnlativeiy attractive.
ST and SeM oreans s
certiica,es guaranteed by the Illinois Cen
sea ns an
mortsage per cent bonds brought prompt
The Rockefeller Foundation bought $1,000,
600 Chicago Northwestern SIS. and per cent
stocks were strong. Reading Was active at
l4s; Pennsylvania. LOG bid. and Distilicrs'
was 81 bid. with the previous sale at 80. and
Copper stocks were in good demand in re-
Spouse to an advance in the metal TO lSMc
Nevada was strong between lol. and II. and
ut Rack hands at 4
Nudge is quoted as saying, Rock Island
is in better shape now for the winter than
Business viii be resumed upon the floor
more favorable conditions than seemed PROB
abc four months ago. Weak accounts have
uiation has been reduced to a minimum New New
business viii be carefully scrutinzed. md
Transactions Tor cash or dealing on un:
usunlly, wide margins will be the only form
Some OF tho oid-t.me favorites arc still de-
barred from the floor. Dealings In Canadian
and Ohio. United states ties steel. Union ii Pas
eihc. Southern paSifs. Great Northern. pre-
conducted through the clearing house under
the close supervision of the committee of
NEW YORK. December, ,l;-closlne, mer-
s,ssdy ,or ms ssi for cables
NEW YORK. December ll.-Stock and
bonds showed greater hrmness to-day be.
the local exchange for opening dealings in
stocks. Some shares were |. to points up,
issues manifested correspondins strength tn
Clenrunccs of stocks through the exchange
to-day were estimated ut 6oCr0 shares. The
list OF minimum prices issued to-day for
open trading showed that allowance is to
be made for dividends declared listed
stocks during the past four months. For
instance. Reading, which closed at I'D In
JUL: and sold M to 1925 to-day, wns quoted
a, ,3s, the parity OF It's July price plus two
dividends of per cent. This same ruling
applied 10 other dividend issues.
which are 10 be offered without restriction
tomorrow thereafter,
threescore railroad and industrial Issues
further break was reported In the mar
kct for Rcichsnarks. Exchange on London
was stronger, with cables at sisSis. while
francs were steady
Banks were inclined TO restrict their Of
fcrinRs Of money. The cash loss of local
banks 10 the subtrcasury reported to be
about SIGc.0e) but rates for call and time
loans We're maintained
In the industrial Held another advance n,
copper constituted the chief feature. Gen
cral trade ai..ccs pointed to gradual bet
tcrment ut leading centres OF business.