Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-22
STOCK EXCHANGE DULL
AND PRICES VERY WEAK
There Is Little Outside Buying, and
Fresh Supply OF Stocks From
Europe Arrives.
LIQUIDATION is INCREASED
Coal Stocks Lead in Decline on Re-
ductiOn of Rates on Anthracite
Ordered by Pennsylvania Public
Service Commission.
BY BRoADAN WALL.

NEW YORK. December ci.-Prlccs were
weak in very dull market to-day. outside
buying failed 10 develop. and as Saturdays
steamers b-oueh, fresh supply of stocks
for European account this helped to dcpress
prices
Foreign exchange broke to H&ts bringing
demand sterling close 10 tho normal point
for the Importation OF gold. The decline In
creases the liquidation In securities. and au-
tonIatically advances the amount realized by
sales OF our stocks and bonds for London
account
Coal stocks led the decline on the reduc-
lion In rates on anthrss.,s ordered by inc
The opinion expressed tina, the, effect
1pon earnings would he sshl ana con
ing lost points. Lehish Valley ~. and Erie
United States Steel followed with de;
the rumof that dividends on the common
ing to be held In January. Some selling
Of his stock was noted against purchases
this company is expected to arrive to-mor-
row with heavy orders from foreign govern
The Pacific fell away under selling sci 81. BY
time German favorite. went below par and
Gloseh at ss Union Pacific was s%ld for for
"a points After the close it was announced
IN he 'ns oShSTn H' by OF
fornia.. contesting lands granted by Con
Railroad presidents emulatinE oliver Twist,
are crying for more not satisfied with the
be made to obtain fresh advances east and
west and the investor is threatened with
come when many expected that the ques-
,!on was. broadly speaking settled.
funds for xed dates rule a, per cent cent With
business nj n standstili; owing to the utter
Bonds were quiet. with firm undertone
Bethlehem steel refunding IS were a strong,
Maryland IS were, in good demand 81
Erie conye,;iole Issues were tractionaliy
ger. with advances OF a point Consolidated
that ranged between !!ph and 1926
NEW YORK. December s,.-sueh hope as
tho financial district may have drawn from
last weeks decision granting Eastern rail
known tina; the Pennsylvania Public Ser
@ In cdS hsd STdssss wSia re-
iiciais OF the roads nrotessed to regard the
eysentiy Feseved it S iess wa
able spirit Readins and Lshish Valley
In ,he anal hour the lis, showed further
tnssa s"se When The nn
feIi to ish or : above rs minimum figure.
committee which controls prices on the ex o
change deemed 1t espedtent to establish new
group OF roads, Including. Atlantic Coast
Line, Louisville and Nashville. senboard
common and preferred.
Az a matter of fact there has been
cent edge In the stocks. most OF which have
undergone decided revision during the clos
uTe OF the exchange and since Its reopening.
normal. some OF the eanipmen, shares and
Bethlehem steel preferred showed signs OF
demand at slightly higher prices but this
group fell back with the entire list at the
close which weak
Much OF the days news OF n hopeful
tenor Money rates were easier: some spe-
cial day loans being made Mt 3i per cent
Exchange on London fell TO It's lowest
quotation since last February on an over
abundance o! offerings
Bonds developed declining tendency on
exceedingly light Offering
United states coupon IS advanced Il per
cent call.
NEW YORK. December o!.-aiercantile
paper, ta;i1; sterling exchange. weak Sixty
ca t!l!e. s. =; cables. s6s5: demand
y go: bar silver So. Mexican dollars 81.