Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-31
MARKET TRAD|NG
| IS SMALLEST IN YEARS
I Since 1888 Has Total Turnover
in Full Five-HOurs' Session
Been So Light.
LOSSES OF 1914 NOW HISTORY
Wall Street Is Turning More Hope
fully to 1915, and Large Interests
Are Preparing for Advance i'll
Prices and Revival of Interest.
IL, BRoADAN WALL.

NEW YORK. December 3l.-Chccrfulness
prevailed In Wall stree, to-day, although
TITS s,atecnnt was not altogether appre-
GATED 10y the members OF the stock EN-
business, for i've hours session, in the
Tho losses of id are now II matter of his
tory, one OF t'c most encou,aging features
tlvity the noor
some Of the large interes; have been In
.onsnltaiion preparing plans, for move
market quotations This is the first time In
70, advance prices has been seriously
sidered. This advance is understood to I've
SAT-" ~ s,Hr, carry IN January ,s,,,,
ton to-day said:
active and higher stock market. Investors
have cleared ur AL offerings al high grade
al the Older issues is greater than the sup
ply. New issues can only be brought out
Money, conditions never have been more
s 81 iSm e,i, ut 81: per cent - per cent
brokers were further encouraged 10y
nnS Mi Of ,1 aks n n%s 10 wh t
tate tnN OF - ON stock sales.
Issues moved only frac,ionaliy. Western
inent that the Interest due January i would
he deferred. 1t IL understood inside inter
suing one mortgage the railroad.
other on the coal property (Which Is con
the terminals. This rcorganiaution.' 1t il
nr upon W Se SrGa o for 1,s c"
iribnnii"ns ts nssessnrents are stimctimcs
sanTe Is e'IsS h1 n N en of M there
large amounts are stu held.
Island issues recovered rather sharply. and
ne investment demand for Consolidated
MARYLAND dropped from 55i. TO sc. while
r:se" : rose 70 50. an advance of points
buyers Of American Telephone and Tcl"-
financial district are. without doubt. the
smallest ever known and professional trad
mine Of to-day's business. the smallest since
basis Tor imp-ovemcnt 49, '''''> '~ w. "
NEW YORK. December So.-Total sales on
the stock Exchange to-day were tho small
: est for ~, session since February. !ssS
trading was limited to ahou, a score OF
so.caled favorites. Tho movement was
leaders yielding as much ua IA point at
the outset. but making general recoveriea
completed the list drif,ed aimlcssiy TO an
"P 81 al but n sGss stocks st, Paul
iaiiea :" regain i,s decline, tho weakness
Ing bond or note issue These same rumors
nppliod To other railroads, as well as in
imam
knowledge.
Missouri. Kansas and Texas preferred was
the only addition to the Hist OF stocks touch
ing their minimum despite favorable state
i ment OF earnings for November Resctora-
ton OF the regular pan handle preferred
dividend WAS received With interest because
the company is controlled by the Penn
sHlr8nia company, which recently made n
drasticc cut In it's dividend
y slight advance in the prices OF GER
tain finished products hailed as an
Indication al bettcrment In the steel trade
Other lines Of business showed further In
Ilcations OF recovery. chiefly result
"f war contracts
I'm additional gain of almost 81. 900 600 gold
was the most interesting feature OF the Bank
Of termlny's weekly statement. l.ondon's
market was steady with expectancy re-
gcrdinE. next weeks resumption by the
Stock Exchange.
The local bond market was irregular with
renewed weakness In low grade Issues.
United states government coupon SIS
Ehined u per cent on call
NEW YORK. December 3o-Mercantiie pa
per. tnii2; sterling exchange steady: sixty
day bills. SiSlI0; for cables. 81 $3.50: for de-
mand. SiNlS. Rar silver si7!s. Mexican dol
las, a'E. Government bonds firm; rail-
road bonds, irregular Time loans. easy
sixty ANA nine days. 3iani: six months "a,
~, Cal money. firmcr: hiEh, 3: low e. rul-
ing rate q last loan. 3; closing bid. ;:
offered at 2