Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-21
PRICES ON EXCHANGE
CO TO NEW LOW LEVELS
sudden Break Comes in Early Deal.
ings, With Partial Recov-
cry Later.
SrECIALTIES ARE SUFFERERS
Holders and Dealers III Securities
Have Most Discourasing Week.
Outside Buying Is Frightened
Away by Lack Of Support.
ltN HKnAnAN WALL

N'.W YORK, February - Prices uu Tire
stock Exchange br"k" point or nor" ln
~" carly dealings today. CARRYING many
"n"tnti"ns I" tn" lowest lcvel get recorded
',h n" drop. suupnrt developed win rally
IN" close that reduced the ip>s"s in many
I'Sucs To fr""tipns
,, :.,,I,n,E ;:"E 1snin-, i55 ~ rrlay ana
mar'sabiy mild weather has Gu, the con
,,inb,i"n 81 coal L" a degree that VIII al
!".t ".rninss II has been a bad winter
or GE'hra"u". WITH = biz savin. to tbs
,Spccipltios suffered severely. International
harvester corporation sold AZ -. loss "f
u points Loose w'cs LIST preferred dropped
v. On IN" poor Etnt"ucnt of earnings. and
american cotton bii lost more than Il point
Motor Issues were heavy Maxwell Shrr"s
Slud"hnkcr a"d General Motors an showing
wax, With a loss Of ~.
IA the railroad issues southern Rail
way psHterrcd lost nearly points. Union
aud Southern Pacific strong, and N.w
ehar"a were duiI. with small net loase. ION
n"ss"" Cooper. otter ceiling at 2i'" mad" =
Bonds w"ro acti:- ara rairly steady win
'reS in"ss"r" Tor foreign account. r.nnsyi-
tial Heb"rturc Is si"ady
Tho w."k proved hi-couuginr i" holders
aHd dcal"ts .n securities. Tn" market at
souraEeG the small outSiGc hlyinE that hHd
;"nnI Us way ~ he ;he commission h"us"y
"uritics considerably upset ry the steady
pressure :og foreign account Of tho "!dcr
been much TcIuce'.
Perhaps thu most important development,
81 IA" week IL financial circles Was tho col
lapse In To pric" o: foreign exchange. which
carried the rates fur sterling t" sii'. u
''gur" never approached since III" great
pnnc In isia y" satisfactory explanation
IS offered by the cNIcris in tn" ."reign OK
charge market for current uuotIti"us. for
turing tho time when tho cNchHng" WAS
closed. the "prning was IonG deferred Tor
i"Rr that IN" sale Of foreign securities wouir
gold that would seriously dcp!ctc cur hoard
of the yellow metal
NEw YORK February e,-l!encwed sell
session was 10 such volume aa to bring thr
average al prices down 10 the lowest levi
:"r the rucseii movement Speculative ia
Nnrit"s AMI various suc'i+iiies declined from
On" I" tiI'"c points before buyiur appeared.
and the downwa:d movement WAS arrested.
on The r'cov.r" 80 ruatkot bccom" dul. aud
I.ordo,.'s markets ware dull. ma Amer
I,nus were In liEht demand. Light local
conditions w"r" iGt'her GiNcd 10y currcE,
Weakness III foreign .ACtang" az! eSiT"ul"
nervousness Ia tho t-rclt markets.
Southern Railway preferred tci aIrI"s,
points to within fraction OF its cs,ab-
lt,cr the close o, the riarkc, the stock
i.HOhange announced tn following 'isw
minimum price. crec uye February 20;
American Car and Foundry. ~ fInltirnuT"
..td ohio, e.. New hav,n, 10 Scaboard pre-.
!,!reo, g.
Tho bond marEe, was heavy. cor,Ti.
Investment issIcs :ur European account
United states Registered = advanced ),
o. ! pes cent Oh cell during the week.
SEW YORK. robruary Is -Mcrcan,ue p.
pcr. :l1ui sterling exchange. dcmorat!zcd:
-lNty-dny hiIi. $I1.1-. for cables, S'S,=j; tor
demand. Iisi Bar sGver, -, Mexican dol
lars, ssi.. Government bonds, steady all