Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-05
MARKET STARTS WELL,
BUT SLIPS ON SUGAR
"BobtaiF' Pool Attempts to Advance
Price. but Is Oversupplied
by Insiders.
WHOLE LIST is IRREGULAR
Toward Close Traction ReStartS Up
ward Movement, and Leather
Stocks Lift Industrials to Higher
Figures-Markct Is Strong.
by HROADAN WALL.

tiSuTcS-.MarkCt Is STRONG.
ny BRoADAN WALL
NEW YORK. February ITO days stoci
market started on rubber tires ana motoreJ
an hour on casoleuc issues until sugar
came out. causing prices 10 slip
Traction res;artcd ;hc upward 'novciucnt.
and leather stocks pulled the Industrial Is
IN towards tho close international issues
were soft. ana tho "ud was irregular. with
notable hcavucss In Southern Pacific.
Goodrich advanced 20 :5t. This company
has no bonded Indebtedness, had no bills
outstanding az tho beginning OF this year,
and carried over a cash balance OF about
100000 The preferred stock has regu-
larry received per cent In dividends.
Maxwell Meter GTs; preferred sold at ia;..
high There are = per cent back
dividends due on Tits stock and It is ex-
pected that company will hcrir to pay these
on within the neat month two. S;udc
baker jumped from u To idi. Western buy.
Ing WAS feature. and there was renewal
poets
American Sugar dropped from lo7 to "2
a ''hohthir pool recently attic mpt"d !" aG-
Napc" tho price and succeeded in lifting
quotations nn,ii insiders supplied the mar
ket with more stock than could convs nj
entity be carried As one large holder re-
for twcn,y-nve yenrs. and il there are any
noviccs who think they know about The re-
'rhs was Wien the s,ocis was selling at III.
Tho buying on the decline to-day was good.
InterhorouEh preferred roso from 53% TO
MI. There is a general expectation tina;
the company will shortly declare 6 per cont.
viii 10 paid on account Of hack dividends
with quarterly disbursements OF / per cent.
DECLINE Is CMECKED
Tennessee COPPER dropped to ~. where
the decline was checked by an omicia, state,
no, di.po pose Of any Of his hoidln S and TIA;
Tho acid contract would run till !s:l
Tide and L.a,hcr prc,crred rose , u. 20 cs'-
Trade reports arc said to favor further
states Steel common WAS quiet with unim-
rnrtant changes. Bethlehem Steel rose from
Reading wa III. mos, active stock on the
list, Gq. y ehanfs lily, ,le N0Gm Tad her
tho stock was ready for drop. danger
Gus form Of information
Southern PaCinc foll from So to 81. end
Ing AT tho bottom figure. steady LIQUIDATION
IS probably III" explanation Of a decline.
although rumoTs were current that the iiVi-
dcnd might be reduced The stock does
not act inspirinSly
ing pressure in moderate volume for for.
"iiEn account Union Pacific Nor,hern Pa
cinc. and Erie declined fractionally. Will"
Canadian Pacific was more active with
drnD from is59. /" .iais ,., ,
changes. convertible issues being notably
heavy.
form Nondiv'ienG paying indur,rials are
active and strong. while many of the stand
ard issues neglected Floor traders are
In many eases too poor to carry thrs"
fame issues AZ Their banks and have AZ,
stocks as Union Pacific, Reading, and steel
common But unfortunately. there is not
This short interest gives III" market tech
nical strength.
NEW YORK. February l. Renewal o,
liGgiha'ion IN several Of the high priced I'd
pool mani ilation in certain OF tho spe-
clal,ies Woo productive OF some mixed
Canadian Pacific and Southern Pacific AZ
VOL as Beading ana par, OF t Inc Grans .
10 result more from Liquidation than short
selling
Ru,nor attributed tho selling Of Canadian
Pacific and some other favoritcs to the
foreign account, hui International brokers
United States steel and tho coppcrs
sympathc'icnlIy affected. the one notable
exception being bethlehem steel which
rose almost : points
American sugar was exceptionally weak
on persistent selling. Will" Rect Sugar do
Clincd point. United states Rcnity. On"
20 20. It's minimum In the Hna hour.
prices underwent price rcadlustmcut. some
stocks making partial recovery Will" others
Approval ., the Eric Railroads. nrpl.ca-
will be followed Icy new financing FOR that
Among The ndvsrs" railroad returns for
December. submitted to-day. Mere Missouri
Pacific witsi.f new loss of $4,000 Rock iH-
land, s3.s, $50, .ard 81. Louis. Iron Mountain
and Southern. 5j3t 90
I.ondons markets We're barely steady Thc
bank OF England reported another material
loss OF almost $1,000 OF gold and Sigh;
reduction OF liability reserves
The new ionnsyIrania 'i=s wcrc tho
principal feature nj the irregular bond
recent best
United states bonds were unchanged on
tail
sew YORK February Mercantile pa
per. SleNI sterling exchange. irregular:
siNty-dny bills 49, for cables 81 s3%7: for
demand s!N2"5 hnr silver, iN., Mexican
dollars. 81. GoN"rnment bonds. steady
Railroad bonds Irregular. Tine oars duii
sixty days. ensi. ninety days. 2'.~cA. siN
mouths -. CAL money, steady: ruling