Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-03
MARKET LACKS BREADTH:
DEALINGS IN FEW ISSUES
Prices "PcSgcd" by Consistent
Strength I'm Steel Common,
With Prices Above IT.
STANDARD ISSUES ARE STEADY
Fairly Good Demand for itchisnn,
Northern Pacific. Great Northern
and Union pacific-Iurcign Sell
ing Small Factor in DAYS Business.
by nKoNDNN WALL.

MEM YORK February rri,cs wcr"
''rcgsod'' to-day. not 10y an official minimum
preventing ltIuidac,n. hu; rather by thu
consis,"n, strength i'm steel common that
carried tho price temporarily above e. and
showed n COOL buying demand around "':
Tho market lacked breadth and Suap, ana
dealings We're Tor some time confined to a
I'm carly r!s,. that was carried later int" u
decline when IN" figures in the annual &c
to,,,n,on rarc,i,h,ii5,ily cnrrcrt business
was not reflected i'm the statement; and tn"
outlook for 'hr n"Nt lively" months is dc
MeNican Petroleum stood out body grad
uaiiy increasing I'm ynlu" hy ciehths and
closing with ucj gain =; 80, California
rcifocn'n issues We're active AT advances
hu, sic back and ended with fractional
STANDARD issues were steady. with q fairly
good demand for ,Ntthison. Northern Pacific.
Great Northern uu6 Union Pacific copper
issues shaded 'rnctiomally on reports Of
sliEh, reocs>ions in the quotations Tor The
metaL Anslgamatet lost y point The
outlook FOR this company docs not look
75n.n". The is,i neury, VIM hccomc ruhi!c
fci; of S!-"0f for the year The company
Is gaT!!ine, out impr,oYen,en,s involving
notes come duo for S-,:,'lt-N. and this is not
i1S5aiF G harS " vG SrSns Maxwell
Issues scored general gains and Goodrich
sold a; = a new h,eh level Western houses
-" Ne-y british ON this stock. $;Udch7ker
,,oscd lncnAusca ana Eastern bankers hy
tho way are talking ot dividends on this
ISSUE some limo This yea
Locomotive stocks wsvH heavy BALDWIN
losirr =. ana American Iocomo'iv. drop
Preferred was irupp,d from O. to ~ but no
;t,". - recor.s4 although tho stock i
Traction issues wore ,s,rons. Interboroush
,housh ne ,o,nnany blew %n, tNTes Eus 81.
and delayed traffic 7u hour or more This
mornirs BROOKLYN Rapii transit gained
Third Avenue dropped back to 4.
Bond prices Ware mixed with strength
days business Aiany professional opera
brokers are doing Practically nothing Not
Mithstandinr this the undcrtouc az the mar
hct Is distinctly firm.
MEN YORK, February stocks we're con
ststently strong tor the better part Of to-
days session regardless ~ another srec-
tacular advance In wheat and adverse
weather conditions which we're partly re-
sponsihlc for tho relatively light d"alinss
Best prices were registered in the later
operations. hut recessions were general to-
the British government had declared its in
teniion 10 regard all foodstuns shipped To
its enemies ContrHhand
There was some early selling OF Canadian
Pacific and other International shares which
sccmed to proceed from London where Amer.
lean securities, again manifested AN unrer-
tain tone. Latest Developments in the
were reflected In the uncertain attitude OF
the British ana Frcrch markets.
Less than the usunl number Of spe-
ciaiucs participated In to-dny's movement.
American Can sold VII publication Of tho
annual report, showing decrease In net
earnings,
Local and interior financial institutions
bought moderately OF commercial paper. but
tho low rates for these contracts IL nov
ON par with ruling quota lions for time
l"ars ON collateral I'm Indication Of the
Widespread cas-" Of money ~ .ound In the
TACT that Chicago l. quoting the same rates
Tor commercial paper a. prevail IN This
market.
\,r,h.,n p,rir, ,,,. TIA ,,,,, ,....,..,....
railway system Ia submit it's statement OF
neGr mhcr earnings. 1t sh"Wed net loss
Bonds were Nrm. tho feature being Amer
figure
United states 6ords wcrc unchanged on
call
NEW YORK. February -Mofcan,no pa
per 3l2T' sterling exchange weak: sixty
day bills stscdS: for cables :ist5S: for dc
mani - S3s. Bar silver. u.s.. Mexican dol
ln's. 49,. Governuirn, bonds. stondy Ran.
iphd bonds, nrm Time loans. easy: sixty
hass, -'.d:'.i ninety days 2E.G2; six months
.Hs" Cal! money easy. ruling rate "a.