Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-31
FAIR RECOVERY SHOWN,
BUT MARKET IS QUIET
There Is Tendency to Cut Away
From Unpleasant Incident in
Steel Common.
OFFICIAL MINIMUM REDUCED
Stock OH Which Dividend Was Pass
ell Goes to 38 for Mondays Trad-
ing-COppcr Issues Stronger and
fractions Perform Well.
by BROADAN WALL.


'1'r recovery to-day. Tho market was quiet.
with tendency 10 cut gradually away from
me unpleasant incident In steel common.
S"ric iTo shares changed hands at -. but
u" thir market has been established and
Committee again reduced the Official mini
mum. this tine I" s. for Mondays trading.
American Beet Sugar was active running
"p I" 's - new high record. and interests
,ios' To III" inside arc predicting y,nI
iny IL, ~ made smart recovery to 81. ana
T" .n , ;,"nks ,s Southern rarihc, ,Aichison
" . 81 .nor" than point.
,,,, 'rpcr issues were stronger, Smc'tnry SHOW
,"h 'ho largest gain. with rise Of ~ ANY
,nS,"ns" In production. such AK contcrn-
',''Gd. should add materially 10 tho profits
81 ms company. Meycau Petroleum has
s,n"Mm remarkable strength. closing firm al
rrn ri[Ss wsst s as" The E,'re was u
,n,I'ns rs recent gain. although continue
a.. Hi IN" Upward movemon, ~ no, imuc-
,air%d ros" to IS. ANA tho buyinr was callcI
100 Is understood that "a" manage
.''h' t"nttinplat.s putting to" Stock o., 3,
p,r cent basis, and ALTO declaring .,nr
q, "i M buck dividends "a, carly d,.o.
speculative onrra'iOn. received a pro.
iif%oh"cn check by III" passing of the Steel
,.,'en n,o ana "a. unexpected complications
-n"t peVcht"? tho execution OF s.ou. loss
"fd.r" and sc-i"usly impaired III" ,oii',crai
,',uc OF Steel conIm"n Many accounts that
Nh"n IN" price was -, arc bcInr rehu,
,'-'"i hy tho sal" Of other s,curi,ias ana
IN many cases complications have arisen
owing 10 tho narr"wuess Of the market II,
o,,,S,,1 ',Sn's . u"'li a fair market IL re-
";tLhSt Stc.' common to the di-advamtagc
h'lin"nt developed towards the end OF me
week. and considerable line OF short stool;
,."n tfht technical strength to the situation.
N"t IN q days march bull b" found
plenty when tho stock was a dozen ro,nts
"lsher. ~ speculative medium Steel
show disgust or iistfus,. lover prices Mi
frousors
romd trading was light. with n slightly
Wan street has It. ear TO tho ground
y, .n attempt 70 dr'oc, tn" public cncc,
ou,r ,'' &. wilson. nrorhecy 'ha, III"
'"hHH'r"e and business enterprise. BANK
h"'iL"n for signs OF greater confidence. Prom
IN" West with ~ arg. pronts. IL expected
TO foNelon III" favorable verdcts for tho
PUBIC alone can render decision ON vnucs.
,,, MI" ronK I"ngary y stocks wore
ON" irrcrulaiity. Kecoverier OF to ?
r"!nts from yesterdays lo~ level woro gen
"'ai, although hi. I'm pro, cmcn, ,vas shaded
~ The ANAL dealings when some Lenders
h%,Sh NY H"adinE. r"c"deh On realizing sales.
MALAY however in Tho covcrt,p ~ an,
tanning contracts There some
t~w Of the low priced ISSUES going b,,ck
New Haven. which sold At it, ininiinun. Of
~ NeHt"Fuay. WAS cCr of today most a,-
~" features, recovering much Of its ioss
.hite1 state. steel was al but neglected. az
~ heated opening a, It's minimum price.
from which u showed chang. Follow
inE the close q: III" market ofiicI,I notice
81 another reduction IN the minimum 10 Is
was Issued The preferred stock gained a
fraction. and IN. sinking fund bone. also
reflected support Trade report. were more
encouraging
Tho As. r','"' al Pennsylvania Railroad ~
nor cent hrst mortgage bonds recently taken
10y banking syndicate were offered to-
day a. lo3'.. with Indications Of large
inquiry.
i."cal banks showed an actual cash G,in
In ;helr own values Of abou, s. 5000. while
contracting tncir reserves In the Federal
lank by about $50. 90. The loan accom-,
expanded by !2i.".rrS.
Bonds wer" Irregular some issues reject.
inp foreign selling
United states and Panama bonds advanced
!. TO :. per cent IN call during the week
NEW YORK. January 35-Mcrcar,iI. pa
r"r 5i?hl Sterling exchange easy: sixty
day lillS. $is-'J. FOR cables. 81 AisJ: FOR de-
irard. Hsto Bar silver isS: Mexican dol
!rr7. 3'n. Government bonds steady: rail.
'orI bonds. Irregular