The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-23
LITTLE VARIATION
IN PRICE CHANGES
Leading Security Issues on Stock
Exchange Show Narrow
Movement
RATE INCREASE LIVE TOPIC
Wall Street Alternately Chilled
and Encouraged by Wash
ington News.
RATE INCREASE LIVE TOPIC
ny BRoADAN WALL.

New York. February 22.-While
price changes for the leading issues
showed little variation last week. there
was a budget Of news broad enough
10 interest all who study price move
men;s In the security. markets, and
this includes the great majority, for
nearly every one IL interested in the
market price of credit,
Taking the marrow view first, Stock
Exchange prices were alternately
Chilled and encouraged by the news
from Washington on the . per cent
freight rate increase. The alarm
caused by the statement that de-
csion would be postponed until Sep
tcmber WAS Offset by tho evident de-
sire OF President Wilson TO urge a
speedy settlement OF the question.
railroad men, that is, those. who
conduct transportation, speak hope
fully OF the benefits To be derived by
abolishing switching charges. lighter
ago and evils of this nature. that have
absorbed Il largo part OF through
rates at tho expense OF the trunk lines
IT is expected TINT in the adjustment
OF charges these VIII in tho aggregate
amount to many millions more than the
e per cent increase asked for: The
public. however. has been SGT with the
Ice granted, and on this point disap
lointmcnt may be met.
y wide diversity is offered the in
weston. The segregation OF treasury
stocks, as in the case OF Union Pa
cilc's holdings OF Southern Pacific. and
tho distribution of American Tclc
phone and Teicgraph's Western Union
holdings its bringing, back to the mar
lsct some of tho older issues. Great
Northern unexpectedly offers It's stock
hoIdeTs the p DGn ole Of subscribing
southern Pacific brings forward large
block OF convertible bonds. New York
central is theoretically seeking, to
obligation. Southern Railway has been
forced again TO. borrow on notes, while
an Erie bond issue OF goodly proper
lions hangs upon the edge of the mar
Reorganization plans, of the Wabash
tho question arises. who Will provide
(which holds such large blocks OF the
Wabash stocks? The St Louis and
san Francisco reorganization hangs
fire
Spectators who purchased Rock
Island stocks for turn have been
forced into tho class OF permanent in
yestors and are now facing a demand
FOR funds This has almost annihilated
quotable prices for the shares.
Industrial issues arc coming into bet
ter favor, on the belief that the steel
business, the copper industry and the
manufacture of equipment can be car
rico on at q profit. without an imme-
diate appeal to stockholders TO finance
Old debts. or, provide working capital,
industries Will reflect business i'm
provement before tho railroads
Although II is somewhat early to
speak Of crop conditions. there was
acreage and a heavy fall OF snow. that
has been general throughout the wheat
bet. This gives very favorable con-
ditions for this time OF the year
Continental markets became dull and
heavy on uneas!ness over the situation
at Paris, where several small finan-
Mexican situation Is more disturbing
factor abroad than AT home.