The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-06
STRONG UNDERTONE
IN STOCK MARKET
Worst Is Known Regarding Late
Situation, and Increase Is
Anticipated.
SENTIMENT VERY CONFUSED
Utter Absence of Public Interest
and Minimum of Dealings
in Active Stocks.
SENTIMENT VERY CONFUSED
NY nRoAnAN WALL.

New York. April 5.--Wall Street is
enjoying n laugh over the distress ex-
pressed throughout tho country over
the selection OF national reserve cities.
Water never did run uphill. and the
political arrangement OF centres will
not materially alter tho cbb and flow
of credits. FinanCIcrs we're shocked,
however. with tho fear that political
influences Will dominate the appoint
mcnts to the Federal Reserve Board.
although there was little that was
reassurng In the news OF last week,
- strong undertone was manifest that
might suggest aggressive buying.
rather than any further operations on
the short Side of the market when ac-
the worst is known regarding the rate
situation. and granting OF the full
anticipated. but not discounted on the
/ Street.
y natural desire TO anticipate the
quarter from which tho next specula-
tive wind viii blow has again directed
attention to the copper stocks. This
was further strenIth cncd by an adj
vance in the metal to IL "a cents q
pound. Utah and Tennessee Copper.
with promises of extra dividends. COM
mand speculative attention.
the key to tho industrial situation and
II is considered probable that inasmuch
az copper shares are of international
TO locke for spring advance irrcspec-
tive Of the news regarding the steel
and iron business. and grave doubts
that tho transportation companies will
! find Il possible TO quickly retrieve their
heavy losses
Traction stocks promise greater ac-
tivity marlborough Metropolitan was
active. and as earnings more than Jus
ttfy resumption of dividends. action
on this question by the board OF direc-
| tors will possibly be anticipated by a
further advance In the price OF this
| stock.
/ Brooklyn Rapid Transit. now s,a,a
IL - H.,
To public attention when the spring
season opens with the Coney Island
| traffic.
| Sentiment in Wall street was never
more confused than ii Is To-day. With
nm utter absence OF public interest. and
minimum of dealings in the active
! stocks, many experienced brokers have
I lost faith in their own judgment. and
! fail to advise tho purchase OF good
securities. when their advice Is soXGht
! by investors. This attitude can Only
/ be changed by sharp drop, or a sud
den and substantial advance When
/ doctors disagree there is some hope
] for the patient. The ultra -conscrvati Ism
I of the stock brokcr is OF itself an as
I surance of better prices.
The nquisiton of business con-
/ tinucs, manufacturers are suspended by
their thumbs by the tariff. All wealthy
| men have been tortured by the income
taX, until they have sworn 10 every
stili being broken or the wheel and
corporations drawn and quartered to
inc culhcntIon OF everyone that hash
anything. Railroad officials are en-
deavoring to conduct business under
laws that vary with the boundary OF
each state. But, fortunately, above all
things nature gives early promise OF a
bountiful harvest.
Foreign markets are duller than our
own: interest there Is still centred in
solution of the difficulties OF our rail
roads. With anything like an assur-
ance OF equitable rates IL Is believed
that good demand VIII develop abroad
for our stock ana bonds.
Impatient watchful walters is an or
der that has been forced upon the in
vestors by legislators al Washington
that money cannot he dubbed into sub
mission, all laws that have been made
or may be made TO the contrary not
WithStandinE.