Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-01-25
POSSIBILITY OF STRIKE
HAS DEPRESSING EFFECT
Prices OF Standard Rails Decline,
Because of Offerings by Pro-
fcSSional Traders.
AN EXCUSE TO OFFER SHARES
Much Stress Laid on Uncertainty Re
Earding Resumption of Dividends
To-day by Steel Corporation N-
rPCtOrS
ny BRolpAN WALL.

NEW YORK. January ci.-1he possibility
OF n Widespread strike hy railroad cry ploi "ss
had n depressing effect on the stock mar
ket to dsy. Prices az the standard r?Iis
declined from "a points. NOT because
wholesale ilqutIut!a:. 20, speculation Icy :hc
pubic In that group has bc"n >csy small
hut because OF offerings 10y professional
,rsdcrS who seized upon the news as an cx-
tusr 20 onrr sHnIcs A. the demand for
tho rails has b.cu coiupsrativcly light, the
professionals lid no, experience much op-
position. The irdu>,rnls Solo OF IN SYM
pathy.
The unfayorahe developments IL tac rail-
road world were reflected In the igrcr UlN"i;y
ct the opcuiug. prices held firm during the
create part col the GrSt hour. Dat before he
emu Of the forenoon professional opera
tious resulted in general declines. Mach
stress also laid the uncertainty re
morrow by the Steel Corporation directors
Steel common SOLD at the lowest In weeks
The low .swros touched by tho rails were
the last hour there was !! Sigh, rail-, due
% covering 90 short stock pat out by the
fooi traders carly In the session.
Tho elict toric al financial interest to-
morrow viii lie III" action or the United
States steel Corporation director. !nte,es,
in this gr"n. corporation il Erea' as
when the directors passed the dividend in
Janua'y. 1918 Most people believe the Liyi-
rate ranges from e, OF PEI cent for tho
auartct !" IA per cont. I.ato to dav Their"
ee resumed AK Tue rate OF ncr cent.
Rum"Ts that the Mexican i'",ToI"nm Oh
merger d'4i tao collapsed resulted in q de
Cline Of about points IN Mexican rctro-
!euin. Iari % this was recovered before
Tho rails seemed to-day to move mere
easily downEr"d" than up. according Ia one
conservative lrok"r. who has been advising
the purchase OF tins group.
These stock. have steadily been vhov int;
the Greet OF constant Liquidation of foreign
n.s mi
one OF he weakest. The relative strength 81
thn former Vas undonhted!S due 10 Tho
December. showing :. .ross gain %. s. o.,
'ehd net inCrcas" of SlSio2ir. Export sta
tissicians figured to-day that the Southern.
year.
Southern Hallway is another property tina,
has shown good improvement, IA revenues
net for the I'VE ilVUihs ended November 60
showing gam of ~ ~ per zen, oycr The
sane rrri"d last Veal.
With conlrotersv On between the own
ers ana tabor !; xii; hc hard to induce the
roat securities.
The question are the coppers being dis
tri?uted has been raised owing TO the
steady advnrc" IN he price 81 .hc meta
and the strong position OF this industry. Sew
are selling lar under their intrinsic vairc /,
!hs nTSNe"; rate " 0iv;uend Is 10 he main
NEW YORK. January ci-Thc frat hour
OF to-dayt market prices registered gradual
aht., III soine INSTANCES. severe declines losses
extending from to points in IL variet,
OF Issues. This Was partly rec;iied In the
hnal hour. when short covering and grudGing
support resulted in recoNeries OF 10
points.
Bearish sentiment gathered greater mo.
P nienturn Mt midday, when th~ sailing --ovc.
nIchi urCa:n" more general, Announcement
OF The coming test uf strength between IN,
railroads ana their vast army al employees
DOUBT as 10 a disbursement United state,
Steel common ANA other domestic amt for
eiEn developments, Mere the primary in,
tors.
United states Stcc! was heavily ,radet
IN between s3. ard s.i.. ana rcthlrh-.l, Ste-
led Inc Mar group with loss OF /; point
10 go which WAS more than retrieved be
fore The close. Other mumitIon shares s,r
Eestct i4uiddtion more than b-nti.n IN
cr"aChmcnt.
Metal shares suffered loss than other pa.ts
OF the list, helnE strengthened 10y reported
salcs OF copper Tor MAY and June delivery.
receipt "i another lArgo block Of Amer
small amount of cold from .n;,, center,
indicated further foreign liquidation. S,cr-
!nS WAS 'tcady Win uu mttcrirl change IN
Continental rates.
Bonds Ia general were more steady than
stocks with large trading in AuSlo. French
.s' !"t"l sales %! bonus. par value. were
rn'"d states bonds ver, unchanged ON
NEW YORK. January ,.-Mercnn,i. pa
per. @p3a. Sterling sixty -dav bills - III,
demand. S.d's. cables $t.71i. Bar silver
h''t MeNlcan dollars. ~. Government,
BOND" Nteany. Railroad bonds heavy rim.
loans easy: SIXTY days. 81: ni.-,y ,iavs
~ q H.,F1