The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-07-04
PkU['S WEAKNESS
! / TROUBLE MAKER
il11sr stocsks Show sympathetic De-
h cine stocks Still Coming
to Market. A.
s1zoorusG STARTS SELLING
K11ennpt on J. p. Morgan's Idfc Adds
Z nphasas to Liquidating Moven9nf.
~ Approaching Most c1ncaa

E&9rsr YORK. Juiy s.--with attenoam -
a.. aaar a. the exchange, IN ine
sssr,r,,s.,or houses and In the s.Isos
|SHreraIlv cur down 70 the =,
Everything pointed to qule' .ssn,
Ifhs stcck market today .,sr,,isd
|0r0n the life Of J. Z. moIs atf,er-
p + '3reenttve to activity that VS. III.
5sssSS 1.rrtra But even with Inns
- !, 4. III fit,ence OF n further faii IN
1;2.s ~ stork the market was mar
-. rsssrIcted one. From the
|s2..s. ~ q .vs Of the attack upon ME-.
$500, ,.sas received 1t was, OF course,
|sS q Snminas,t factor Before this. now
S-sSr ire market had been airesay
spsaS what upset by renewed weakness
I'M 81 Paul stock. which was comns
|Sz.StaA 10 other stocks in the sans
sss.s .rd had an unfavorablo enect
s-ss~re1,v This weakness plus pro-
3s.sesicrai operations for the fall. plus
|9rSeferad selling from small specuia-
|2&Ss for the advance inspired ps q
- fmrai tfmidity to hold stocks over the
%SsSAav caused small. but general
|SS.s-S~. throuxhout the active list Inc
k5Srran incident accentuated the sell
Es@~ movement. especially irons the-
essionai, and the declines were IN
~ cases increased. But tnat W.
F@3 There was no trace OF pahiu
WIILXM on the GVlt 1850
zzsauSekable steadiness, all things CON
i1s7S red. A. fair rally occurred before
+ "a rtcse. although some trace OF ner-
|&&04ness remained,
Sexptnfns 81. Pnurs weakness.
Tha weakness in st. Paul was sun
&IfSrut any specffc explanation IL
m 1iwnncant. however that the decline
HSsa shAen maintained and that stocks
MF nirf5lar character are showing
{Sn6ency TO decline In sympathy. Tnat
ttepoaes OF the theory that the TAI =,
49, the result Of single aarke
~ ~ ortier being suddenly thrown upon
~ market 10 the accompaniment o.
~ abort selling. Some vsuch IN
2&4Snt may Indeed have started the
s1s4,r esnent hut the absence OF any
1910 ntial recovery shows that STOCKS
|SrS sftif coming 10 market. the. sen
s9~S has been attributed to foreign
hx}4Ars. hut the source Is raSner iess
fnportans just now than the discon
Nor4snw lack OF demand Talk OF cut
qMSfhe divtdend would hardly account
- n. The ST. raufs earnings have
S~sn Nc worse than several other
$500 xanfes and are just now apparent
s3&S A the upturn. One reason TOT
NJ nsarrent lack OF enthusiasm OF raif-
rsssa aforks OF an investment character
IN tha state of the market for capital.
railroad stocks of this class are enect-
~ 81 the price OF capital. although. OF
s'toiarse. In less degree as are ponds.
ma are at least temporarily out OF
'faycr with the speculative element
,whfch il devoting it's alterations al
',noss entirely to the Industrial depart
msnt.
The stock market during the week
was rather. taresome AFFAIR Prices
anxiu hung In the balance. influenced
On one side by the progressive lessen
10 or the tension over the relations
,Uetw4en this country and Germany
IND on the other by the new aspects
cf the military situation. The frank
asirnissson hy the great leaders In Eng
a,lnd that the war 10 approaching y
critical stage for the allied fortunes
Rrd the incpaased activities OF the
f;ermans on the western front are
enough TO inspire spirit OF caution
refsssx is not perhaps 50 mitch because 81
ircreaaed fears regarding the uatimats
nttcame OF the struggle az that the
cvsr,ts on the western front within the
nsxt two months or so promise to have
~ afi.smportant influences upon It's
0mration.