Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-03-13
SEVERAL MOTOR ISSUES
RISE TO NEW HIGH LEVEL
hianipulators Cut Out Nuitlcr, and
insiders Believed to Have Slip
ped Stocks to Public.
sPECIALTIEs POOR LEADERS
Market Early Develops Selling Or
oers In International Issues That
Cause Some UneasinesS. Which Is
justified by Later Declines.
ny BRoADAN WALL.

50 NEW YORK. March i2-Man;pulatore OF
motor stocks cu, cut the munlcr today there
e ives 10, Of noise a, m" stnr, 9nd in the
siin l,cme IN, insiders wer" believed 20 have
Profossionai Wall stree, has unpieasan,
memories OF previous k.tc-nyinr ana stocks
r rSSemed a to men who have never boon n
AZ the opening to-day, on act!v" trading
level. tho frs, preferred touching -. and
tho common ana second preforred both
e o6,.s 81 General Motors had greater
Was sns trG - @, n@
70 4Sss, and on tho theory that all auto-uo-
high. selling mt $Sii the rise I'm hi. stock
hnds some justification in The excellent re,
ports OF current business. This corporntion
has = diversified output that includes auto.
mobile tires. rubber boots and golf balls
maPe early dS DDS .@r orders 4na the
the international issues that caused SOM"
ciines. Union Pacific was freely offered for
i IN son,s account; falling noint The bid
slid off rather sharply from sd. to -
selling reappcarcd in Baltimore and Ohio
and Missouri. Kansas and TEXAS. Reading
interstate Commerce CONFUSION ;hat pro
coal we're not 5ustacd IT, ienah Wiley m'" ana
Fries declined for the same reason South
dividend. While not unexpected. the effect
on the stock was electric. the price drop
fractions were irregular, In,crborough
Mci,ropoh i;n risinE ana Third Avenue re-
tive on dips United Railway Investments
lost from to points on reports Of the
inrs
Corn Products common was arm. Good
buying appearing on slight rcccss;ons. Amer
OF tho speciaitics. where Tho price may he
said to be below expectations regarding fu-
Metal issues moved with the markc:
Eim!le traders who had been buying during
rIlp an
their losses when the stock broke below
e. Bethlehem Steel fell a point. The minor
spra,ion held We'll. Amals Gmn "i' and ii,
Utah. with American Sncl;ers, were heavy.
Issues were again freely offered
At tho close floor traders called tho mar
afternoon reaction in the motor ISSUES VAS a..
nailed as good siIn.
NEW YORK, March lo-sccurlties dis
paved less resistance TO selling pressure
tive favoritcs declining over a point, iicavi-
ness was most pronounced in tho after
sion.
General unsettlemcnt occurred in the final
dealings: when II became known that south
ern Railway directors had decided to pass
t Inc aiSiaend on the preferred stock which
mum. At the sam. time announcement was
made CT the suspension O. the dividend on
Sloss. Sheffield Iron preferred.
Foreign exchange again was variable. tho
feature being Italian lires, which were about
- points under rates quoted week ago.
Bank clcarings confirmed the recon. nd-
vices of n halt in trade at leading ccnters
Time money. was freely quoted at recent
low rates and commercial paper was ON Il
parity, with long time matnrlties.
Total safes OF stock 9ni.@D shares
Investment bonds We're irregular, with more
s stca nd In some of he cheaper issues.
Panama coupon IS were z per cent lower
on call
NEW YORK. March !c--Mcrcantilc manor