Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-07
TONE OF STOCKS BETTER
DURING BRIEF. SESSION
trailing Is Mixed, and Greatest
Strength Is Shown by
InduStriaIs.
THREE DIVIDEND MEETINGS
Not Believed Reductions Will BE
Made by American Sugar, Cana
dian Pacific or Southern Pacific.
Equipment Issues Are Heavy.
ny BROADAS WALL.

ny BROADAS WALL
NEW YORK. February G-Stocks devcl-
opeh II better tone In to-day's shor, session.
trading was mixed. however. Industrial
issues displayed the greater strength.
Three important dividend meetings arc
scheduled for next week. American Sugar.
Canadian Pacific and Southern Pacific IL
rrctors Will vote on tho question OF main
'aininG present rates 1t was not believed
on tho street that any reductions would ba
mace" although unfavorabie reports regard
inE last years earnings are generally eA-
pectcd
H"'hlohem S,"ei was mos, active. with ar
advance OF roin,s. Earnings for tho cur
rent year are .aii % b. on Il hasis that vii!
fh"w fuilT n per cent on tn. common stock.
but regular st..c:5,af.:s are issued bv those
~ authority dcprecatIrg tho .dei that any
uiyiirnd payment can be expected for some
tlm" To come. Present large profits arc
n,, '.s ana any sudden termination ~ hos
,illiles probably would reduce earnings
S'e" common ia considered nigh
STEEL MAY RESUME
IT'S PROPER POSITION
,ni'ci states Steel common gained :. on
GHi"t hiy!nG that looks promising This
stock may be expected gradually to resume
- proper position in market activity. and
would probably be frightened into covering,
on any pronounced strength
Equipment Issues we're heavy baldwin
frcsseG steel Car was nfcrn,, a, sor anI
shar"s were shade rriner on the ruinor
tnht the large producers had sold their
ore production up April.
ItNh. Company sold at I3l. II Is rumorcd
ttnat The company VIII shortly offer ,5o19
o. t,, ~ rev stock 70 shnreholdcrs at 10
H'n" and Leather preferred to ~.
ana n central leather was active around sis.
h hGn 'S ,its. haxs aot sG"' following and
WeadinE was again under pressure. but
z l.,- fr,,.,
:",. Norfolk and Western lost ~.
~, Menean petrolcum showed steady strength
tGurhgcd confidence ~ tho quiet hut stcnIy
"nyans" In price
rising IN tsa.. Western confidence. In this
s,'ck is pronounced. Goodrich again ,oid
Interna,ionn. issues were nr,ncr. Southern
rg.,nr 'eins up 80, -, and Union raeins
IN, steady, while 81 Paul inclined 10
mis Er 'F'iacT on STOCK
Tho advance In lnterborough preferred
vas temporarily short circui;ed by au"thcr
action on the dividend question have cx-
tted speculative interest. and "A continue
icrrcd is cooked for during the week
tn" bond market was active. Investment
vanin 1855 twhcn issued was a feature. The
pFI[e held firmly around less. This Issue
vcr,ibic 8. when issucd1 wcf. heavy. sell
Ing down to 1911. selling for ,oreign ac-
count "as noted In southern Pacific con-
S'r;nFth and ac,iw.,y, in The stock mar
moved from Nall street. western ort,rn,sn,
has found expression ~ the purchase OF
This moveri-n, has received a health check
lay steady liquidation OF many OF the good
being quietly nbsorh,d by domestic inves,Sr,
md IN" situation IL kept normal aud rrad-
@ G"'n,"f he n payars ahyIS @ke
Tor during the coming week
KEW YORK. February 6,-Thc depression
caused hy ,crrnnnys proposed extension OF
IN" war area w"s again factor OF i'm
ms urth foreign liquidation on tho
Whole. ho"Sv'r IN" list made Eooi show
Ing. even though some OF the carly gains
were wiped out
southern Pacific. which. with Reading and
way shares yesterday. operated with a gain
of over point At the higher level I, me-,
fhout general reaction From the lower
level 'hcr" were partial recoycries with
t"m" confusion and irrcSW!arity n the
such relatively Inactive shares as Chicago
w"r" weak. tho former declining
poiu,s !" Its minimum OF g rcnnsylvanta
The ,ranscomtincntal group showed variable.
but unimrortnnt changes Bethlehem Steel
rise To 80. Its best quotation In many years.
and trit"u states steel held well above
demand
Trad" aINIccs were ot n cheerful tenor,
even Enough expansion IN merchandise lines
SHOWS no marked advance. except In tho
Wet. where the great rise in grains con
trihutCd ncasurably To Coinmerci1! better
ment. Exchange on London went to Tho
lag quoted at 3tS3S $685.
Bonds moved irregLlarly to-day Gov
crnmcnt bonds were unchanged on call dar-
Ing tho week
NEw YORK. February 6.-Mcrcan,ne pa
per. Si.fri. Sterling exchange. easy: sixty
day bills SiSlSi; cables. 81 $50: demand,
81 S3Sj Bar silver. lSi4. Mexican dollars.
~. Government bonds. steady. railroad
lnnls. Irregular.