The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-28
Violent BREAK
|NISTQC.K|| !. | 4. ! ! J.
sMarketsFails Utterly y Respond Re-! !, nd
Anything iii the ! Mature |:'1:ui
q VI Of Developments.
ILloulpATl0Nl Jerry. HEAVY !: Y
leading Speculative Fay Fa,vo rites
! Lost from 8 IS q Points i:r o -tl Il.
SII8,8 Days. Dealings.

flBx Associated 1,ress.l ).

i-ssQ (3y Associated lyTebS.l Et i3}
sS3ss IJyysi y DIRK, June 27--rhere were no
4 ~ cial new developmentsir In conditions to-
II day 4 70 4 account for Tie rather violent
break III prices. The Influence which 'l!ll
IL are Responsible for the tlndong gof stocks t5'
have been gathering force for some TING
v past. 1'fe break WAS d,ie. as mitch as to Z
Y anything, to the discouragementFoy over 70
failure OF tho market to respond ~ TO- any
n thing III the nature Of deYelopmefn 3.
with tho demand from the bears 70 cover e.
N shorts reduced there was no ene !ti Y,
q heavy liquidation which came upon the
II market s@againS to- dny. Some rHistent
forts were made during thefn1orring TO
support prices and to drive the shorts 70
HI vcr 4 1his had the effect for q Will q
#intttnidating tho bears, and on any con- on!
siderable decline they showed ~ q dispo-
Ssiton to take their profits and to buy.
the progress q the Gay tne pruss
4 sure 81 long - tocls on my Cd anta geous
!. opportunity became clearly manifest. and
8 efforts d al support were almost wholly
ri aha ndoned. @ An example of the action
n 81 the market In face OF good ne We VA
d FURNISHED In the case OF Anaconda, when
broke Violently on realizing on 8ye e,
e day, b A dividend increase before the gem
eral market began to weakeli.55 ~ lts v oe-
preston was communicated to Anal
& gnmated Copper. '585 II 5s5s5
NM Sterling ex change con tinues to decline
with 8 increased prospect OF gold being
& secured for Imports It ist now believed ti
that the $40 900. 600 OF government poslts
viii S$ Be Withdrawn from the national q
banks ons5 J uly 10th, In accordance With
( an announcement, in order to = "a ciiitnte
Il the redeposit OF government funds 4 n
san francisco banks, which 's Intended 1l
y $T he money market to-day onered no no
on cal, although the tone was son,eWillat
"a rmer . But the influence Of lenders Of
4 money in Inducing the liduidat Ton q. q
& stoc ks was believed, never eless, to- pc
& aFirreponderant influence. Aslargc red li! e
y ton Of commitments on the part OF stock
market pools seemed In progress under
this inhuenc zee. SE
SGsSsS Closing prices were near the lowest
$ General net losses run from to over 2
points and the leading speculat tive g yor-
ties lost from g to point q No " ppa rds
n On the days dealings. s 8Sit5
Bonds were Irregular Total sales, par
e value. 81, 9a5, 900. United States bonds
were nll unchanged on call. Si II
Total 5 sales OF stocks to-day were
4 ,131 900 shares. u
#s88 YORK June q Money on call.
p iirmcr: 2se1 G3M per cen t.: ruling rate, ~
closing bid. 22sA y 9 ffered at i 8;
Time loans 81 onG sta V, AZ per
Il CEN, ri ninety d vs.. 44 \; SIX months. 81
I Prime mercantile paper, 5151a per! \ cent.
Sterling exchange we ak. 81. 81. 1s4. $3.50
1Y6r$a demand and AT 1882 is for
II 81 WI day bills. Posted \ rates. 81 n. SO and
4 $3.50 Commercial bills. s4.sla4 ~ Bar Bill
YER y e. Il Mexican dollars. sohs