Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-03-14
MARKET SMALL AFFAIR,
BUT SHOWS STRONG TONE
strength Encourages Traders, Who
Believe Advance In Prices Is
Coming.
OUTSIDE INTERESTS "NIBBLING"
Speculative Activity Likely to Re
Continued This Week-Center OF
Interest In Wall Street Is in Soar
Ing Automobile Issues.
by BROADAN WALL.

NEW YORK, March I3-To.dny's stock
market. while a small affnir. displayed an
indertone OF strength. which encourage tho
increasing army Of traders who believe In
i"r".,. MAXWELL Motors first preferred gain
,nG more ihan g point. aud WHY'S. Overland
tI"very MAS assisted by an interesting pamph-
let circulated describing present condition.
Steel was active ana strong. although the
n ,,,,. :emnincd unchanged Reports from
stocks w"r" frac,ionaliy better Amnisa-
'n Ts,no showing Ts the srsater gain.
lid not meet Las, week expected. They
VII convene on the nth to act on the divi-
s,oo. tina, prcsidcn, PhIiip. has s "I%s' :,
. n,".h 81 some DO, shares 10 pool repre-
president, With the change OF control. Mr.
wrase; ,.i as the pr.v,ical man OF The com
,iii f% Gi,, ~ believed ts, the company
rhuri uo1as s s w rnp,Si,y Tor pr"lnens sn
WI nhk'3it advisahi" to rcduc" the dividend
TO be On hand TO pay the regular rate II tho
ne" directors so desire. The opinion has
Mat no change in dividend rate win take
Inurhoroush Me:ropol,,an preferred wa.
ah"ut - before any dividend is declared.
mir! Avcnu" was rcnctlonary. dropping 10
- decline that would enable some al
r"ctorg 20 accumulate stock nigh, be vel
ton OF the .eciara,ion Of Dividend. The dis dis
pute hanging how soon
Great Northern orc had burst OF activity.
S1 ns" ss ss5rsa q; 5s:
This company had made satisfactory con
tract for tho raie of Iron ore to tho Colorado
irci and Iron;
ane, Ths o feeen, aavan s. is cf. aI to
inside interests who are familiar with tho
satisfactory export bus!n,ss this company
International issue. were quiet, with prac-
iichiIy no business from the Continent
Nety Iitic from London.
d1 asrnk. as1 our n ns the
!" h% met .2r ma NAM, 1 wssks or perhaps
hteitions have narrowed this market. which
"IIl iuc'casa pressure here. Liquidation for
heeRsa b. FG 9he ae,on Of the nr,iah ia
ptasiicaiiy prohibiting shipments by way
Jay; ami every reaction amounts to higher
equivalent TO those who seek 70 buy pounds.
Bo,r!s were dull. with prices steady.
rh. week. on The whole. encouraged those
nc,ivI,y no doubt viii be continued in spe-
'iaiities during the coming week; while com
mission business has Improved but slightly.
rn;sidc int@rcs, has reached the ''nibbling''
stage.
NEW YORK. March !3,-s,ock trading to-
day was marrow. dull and altogether pro
irmness TO tho better known issues b.
rring some OF its outstanding commitments.
sT.s oyea S pwe se on u4she
pront-,aking. but showed some recupera,ivs
"ere disposed 10 sag At :hc outset but
closed the day with moderate gains.
overnight Developments bearing upon
financial conditions without influence.
though they told Of further Improve
inent In The steel trade and increased dry
good. shipments Yesterdays suspension
OF the preferred dividend WAS followed b.
renewed hcayness In :he stock and bonds.
Foreign markets easier. except
italy rem,t;ances. which held a, the pre-
yious days mai quotation. More gold i'm
port. rom Canada expected in the
coming week
Iondon's markets were Arm. the new war
nnd eAchequer bonds showing especial
strength. Little inquiry was seen for Amer
lean 'ecur!ties. Runcrs were current OF an
Impending price revision OF American stocks
hy authorities OF the London exchange.
The principal feature OF the local bank
statement Was the increase OF about 800
Gpc1 In the loan account. Much OF this
cxpausion traceabl. 10 the shifting OF
loans connected with the New York state
bond raie
The bond marke; showed an easier tone.
Panama regular ga declined = per cent on
cali during the week
NEW YORK. March I3.-Mercantile paper.
81, Sterling exchange. easy; six,y-day bills.
s;.s.t for cables, 81 sl.s: for demand. 81 1870.
Bar silver. SIS. Mexican dollars. 3s.. Gov