The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-01
SHORTS ATTEMPT
TO COVER STOCK
London Market Cleaned Up, and
Traders Come In With EN-
aggcrated Nervousness.
FIRST PRICES GROW STRONGER
Strength That Develops Used to
Advantage by Pools to
Mark Up Specialtics.
ICY BROADAS WALL.

New York March Sl.-With overnight
change OF heart shorts attempted to cover
stock In London to-day before oar opening
A. that marke; had been quite cleaned up
lew stocks were secured, ana the traders
came IN as buyers at our opening with an
market.
Rumors ahoai Of q highly favorable state
nent u be issued by ;he Interstate Com
iuerco Commission a. noon checknated buy
eTs ana Induced sellers TO raise their iim-
Opening prlcrs We're firm and grew stead
ny stroHeer Tor the Hrst hour. the advances
clearly marking the eNtsu; OF the short in
me snort Interest would no doubt b-inc
about a genera. advance of several points
Purchases to-day We're largely for the
iteNsa tina; no real attempt 10 cover was
made by the larger interests
The strength that developed used 10
advantage ~ pools to mark IN their spa
ciaires. S,udebaker rose from 81 10 Ss,-
GueeeHhe!m was strong. selling at 5s2,. and
q and Ctsh AZ 50 steel rose !, tull poin,
est centred in Missouri Pacific on the reitera-
non o: The story That a change IN control
"rlE was saved from q receiversh!p b. No
erai advances from bondholders and i,
,ae front In the present emergency. Denver
issues were strong in sympathy, the prefer
Canadian Pacific. st Paul Grca, Northern
preierTsd ana Union Pacific We're in meagre
SufIief e4A WHl!i UNCO0 oteGly have r!Sal.
StAeip.! haa GUY eiS raised their limits.
Cn!tas9 and Great Western preferred gain
~ astgement that would benefit the road.
New h"Nsn was heavy and Pennsylvania
Minor .ndustria!s we're firm the Can stocks
almost strong ana Ice Securities active. Cen
ese4 Electric recovered y. on SINAI! deal
ne. la Department.; stores dropped
!aek OF i.Guid capital is given IS ;he
reason Reading was strong in the face Of
't-. poor tFrUGEy StGfetlls showing
hei deeieaSs u al co'npa nies OF <:-lir3.
ne, anu Rock Island sls.cp5 net.
meut OF :, il tn. r-ice o, consois. baJ ysry
IN this E-1-ket barely exceeded SOD shares
.s og1- T 14 "a, ee& % %tth eon'tnua'ion II
issue has come q surprise 10 bona b-or.
INCREASE The general tone was ilrtn.
ln;sFest hinges on the outcome OF srairs
- Washington. The success OF P-es.d4r,
y !.sor H. r=peallne free tolls to American
SHIPS viii !, Is believed. give Favorable
Ism !, TEL; .eesrdiug an carly sat favor. t,la
decision from The Interstate Commerce Com.
MISSION On Tie question OF increased>treight
1t Is ;he professional sp.culator who anti
,4ya of pu5!ie la,. 81 n SOCK T'a 6g be5 "a
any present advice vii! -a"o: OF .Aprt!
variety
New York. Mareh ai.-rhe extent to which
ne speculative situation s. bound up IN inc
freight rate case Was indicated by the course
81 t4s stock mar%et today. The action ..
the interstate Commerce Commission in eN-
pedit!ng la@ rate case ;oreshaiowed IN early
decision The news w4s construed a. dis
uncty u-!ish. The market Responded
strongly.
Estimates OF the condition Of win,e. wheat
Indicated "a promising outlook The London
luaTket Wa more cheerful. and American
stocks advanced there Despite ih. hopes
ioF better business. entertained by broker.
IN he early pat % M year trading mus
l"f hiss been TO heavier than In 1918. Vita
tH' close OF IN" market to-day the arsr
quarter oi tie year ended. During That
time ttansa ctionS in stocks were about .. 0t0 :.
S't shares compared with .e.jecCoO shares
last year
nona sale TINS year abou, s2i.ooo 900
shared only ia sisht degree in the ,narke,' s
2suera! strength United states bonds de-
cllned from * TO l. on cau
Sew YORK Ns,'it = H.. So .r
loans weak. sixty days. @i.Y.,. ninety DAYS
-. SIX months. &pS', Prime ncican,ild
paper 3'.ri sterling exchange steady II
S+.si. for sixty days aud at, - $3.50 Tor de-
mard. COMMERCIAL bills S4Si Bar silver
o. MeNicau dollars, 45l. Government bond.
weak railroad bonds steady