Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-06
DISTURBING INFLUENCE
on STEEL COMMON

%. on good selling fhis had a disturbing
icctcd IN the early trading. Activity in
creased whom tho common shares weakened.
IN, 5se close was al tho la" point Of the day
Baltimore and ohio. 81. raul and r,enr
enrs Wss so MIN or more srsacr 'M
and L"hiEh Valley dropped -. Specialists
haN" few buying orders ou their books
in these standard issues
Hid" and Leather preferred WAS strong.
rcr cen, on this issue last Wear. ana the
recent buying has been C-2ditcd Z" inside
tn" property aud knowledge OF it's pres
ont condition. American Locomotive con
tIuu'G its downward course. selling ut ~.
american Sugar dropped t" 100 I'm nu-
ihority In tho raw sugar market said: TN"
month. VIII probably reflect errors OF judy
ment in the purchase OF sugar and the
marketing of ,he finished product a, the
chardis:ur." Notwithstanding this, no cut
in IN" dividend rate i looked FOR
Thc edge il gone from IN" bond market.
Convertible issues were under steady press
Professional Wall street acknowledges
great confusion of mind over present nuc-
,uaii"ns An advance in mdustrials In tn"
fac of persistent liquidation In rails is
'nconsistont according to past experience
hut market movements az" being conducted
ia defiance al established practices. and TO
ignore the strength IN one quarter is prob
ably as fatal as TO "vercstim";c the weak
ness In the other. Confidence Il the lean
horse for "A long race.
NEw YORK. ~,rruary a-l.a,es, foreign
i"N eiopmcuis embodied in tho proCiaula-
tion OF the German admiralty regarding the
marine war zone formed the basis OF gen
and ;tddcG to the feeling Of depression in
Speculative quarters liquidation Oh Il
broader scale than any recently witnessed
attended the day fairly large operations.
international shares being against the cen
tres al attack
Canadian Pacific. Southern Pacific. New
York Central and Reading showed losses
points. the movement finally extending ia
tn" CHANGERS and southern railways In
.'uStri"Is rs whole maintained iirmcr
tone, although c"ppcrs and sone OF the
highly manipulated automobile issues were
~ a point or i've" United states steel stood
"nt AZ the strongest OF the leading stocks
although declining under Il when the
loading process was under full swing
Canadian Pacific at i15'i ana southern Pa
cine at 81. Mere within fractional limits
~ ;heir minimum prices, while New Haven
fol- =. to its minimum oil -, due largely
earnings
Half-wny rccovcrics were registered in ;h-
lat" session when the liquidation seemed TO
nty" ran lis course.
Trading became duh on the rally how
In tho nmal dealings prices again cyinccd
variRl L. tendencies Bethlehem Steel rising
I" its best, Nith some h""viucss in lnitcd
C"nsidcratlc new financing Was reported
notes. Panhandle PENNSYLVANIA railroad
subsidiary. dispofinr at 3o2oc,o ~. per cen,
bonds, .ud the Fri. Road Cousuinmn ting
negotiations Tor the sale OF 5000 90 of Erie
and Jersey Railroad per cont,
Further HCC"S>l"us To the large cash hold
iurs oi locpl banks :Sfe iut!ratcd by the
weekly forecasts. i!irrc. Shaving been larg"
Innow from IN" interior. Foreign cNCh,ugc
failed 10 reflect unusual foreign happen
!urS, rcmitianc"s TO London and the Con
linoUt being steady.
Bonds werc rcacttonary, some issues max
ipr wide fluctuations.
tnitcd states bonds were unchanged on
call
SEW Yofk February 5.McrcanrNe pa
rcr. %i2ft'; sterling exchange. easy. SIXTY
las DiIls. s, s.,5 for cables 8, Sili: Tor de-
iUDnd. S'S5>i Bar SILVER, -. M"Nican toll
ttr-. 49,. Government bonds. steady. RAN