The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-05
STRONG UNDERTONE
TO STOCK MARKET
Flurries That Bring Declines
Should Not Be Confused With
Downward Tendency.
INDUSTRIAL ISSUES IN FAVOR
Ovcrtrading on Bull Side by
Floor Operator Is Cause
OF Setback.
INDUSTRIAL ISSUES IN FAVOR

IN. bull siic by the floor operator was, re-
brought setback in to-day's stock mar
lset
broker. and when prices show hesitation
thore develops a tendency to urge the plac-
ing Of stop-loss orders. After prices had
shaded roint or more. several reasons wore
assigned Tor the decline
Union Pacific fell from l64 TO 1921 on the
announcement OF SECRETARY OF the Interior
Lane that new railroad OF $40 miles may
he Quilt by group OF Western capitalists
,,a. That Il viii be a number of years be-
forc the line could he connection Of Union
convenient hammer TO knock prices.
stories OF a revolution In Peru wcrs sight
markets and the helated Official announce
,neut that committee had been appointed
10 rcorEanizc the Rock Island system broke
the price OF the common shares to sN ana
Inc preferred to I4's Several plans are un-
Tor the abolition OF the holding companies-
dis'fssssi,ng news fST those VINO have r ie.t
eoss 'H ever ' be pe,naated "'s' N'a"'s
Copper Active and Strong.
Copper stocks were active and strong> Lon
don buyine carrying the price OF Amaigo-
mated TO Nit. new high reoord for the
viii il de s nnep 7" n"'
although the figures OF the Copper Produc-
ers' statement for December Will show an
increase IN surplus supplies OF about To-
Mexican news received u favorable inter
Mexican Petroleum at one time showed a
gain OF points md California Petroleum l.
with new high prices. This encouraged
speculative movement In Mexican rctro-
leum.
Great Northern preferred rose 20 lS4a. on a
goniinnation OF eHyins by interests credited
e easo 1901 and GnnGy Joint IN M
These bonds were active and strong. rising
% s74. pittsburgh Coal issues improved
further, the preferred rising TO ?3i4 and the
common TO c3's.
are discriminating against New York Gem
lral. which can hardly be expected TO main
ain lis present dividend. baltimore and Ohio
VIII suffer more or less In price when the
Union Pacific holdings come To market
decline in American Can.
American Can earnings did not come up
10 the high figures predicted ny insiders. and
aistrust Of tho present, management was
ing at 5G&4, fell OF To 65la 10 the confusion
Bond brokers repor, increasing difficulty
In nil!ng invostmeni orders.
maud. Scahoard Air Line adjustment IS rose
nearly point. Third Avenue adjustment
8 and WABASH retu I.i IS were strong.
again In large volume on buying called
FIurries in prices that bring declines OF
I o. points should not he confused with
tho downward tendency that ruled for so man
many months The unGertcDe OF the stock
market i strong with broadening Interest
that continuaily lifts prices 10 new high
-tNt-S AAf4A&tfli1 ISSUES are III particular
favor Just now.
New York. February i.-InVestneut buying
81 stocks and bonds to-day continued in fair
volume. but tho effect OF this was neutralized
py tle tendency Of professional operators to
play Tor q reaction, and as result :he days
movement was confused.
The market cased OF in the carly trad
ing, lat quickly hardened. During the MID
session quotations advanced under lead o,
beading and smelling but in only fev,
cases did the upturn In the popular shares
Exceed fractions. Toward the end selling he
came more vigorous and the list turned
Downward until many OF the stocks were
forced under yesterdays close on the
theory thai the Presidents action In tn.
MeNican situation brough, nearer the es,ab-
hshmcnt NJ peace. Mexican Petroleum ana
Smelling We're bid up strongly. Now Haven
and the Can shares were weak
Jhc steel trade reviews reported further
Improvement. Bonds were strong United
states bonds v-I-t Mnclangcd on call
New York. February 4.--AIoney ON cali
fteady at l@N2' ruling rate, rs; closing. I4.T
~ Time loans, easier; sixty days y.
ninety days. 5H3h; six months - Prime
mercantile ,paper g5.nra. sterling exchange
l9r aemAna commercial bills. $40 Bar
meui bonds steady. railroad bonds strong