The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-25
STOCKS MOVING
ON|L0W|E||:..R:.L.G'v|E |. |.
Absolute Indifference Of Outside
Public Inspires Feeling Of
:. 3s3i Pessiir1istn. ss5
ARE IN WAITING !. | i! /. ! ATTITUDE 4. | i lIl:ll
Big Traders c1inedt to Let Mar
Ket' Work OUT rs. Own 2; !:
Salvation.

\ gsr1, I, to Tho Tiu,,es-Dlspatch.,

Itp
s. N lyys * DIRK, J une 24.--Nhte irregu lar
iity attended Wall street trading the past
week, the underlying trend was tice-.
ably5 In Z the a direc ton Of lower yer price
levels. The resume shows alternate r. Il
action and raj les according az the SEN
tlinent of the floor operpttoors, who ho-
was bearishly Or pptimist LEGALLY inclined.
while London trading was somewhat
moro favorable, thes outside publ e main
tanned 81 is ositionS of absolute Ind ffer--
Ill 5is this factor which moro than Sany !.
thing else Inspires pessimtsm re gardll11g
the future Of Wall Street, 7 being now
generally conceded that the plulnging el 10
ment have sho own lity g make II
iack tho assistance OF the banking In,
fterests. Judging from III he n1,mber . q q
absent ee mem bers, the lat ter are Inclined
to allow the market to work out, i ts own
salyat ions preferrlng4 to await ne O! ou1
come oe the crops and the ell ton q
litigation and agitation against corpora ! e.
tions which let the ptese line s g
the tapis. q # IAN 534f VI
General Conditions.
The view that Investor take ao q the the
Securities ma rket Is shown by the recep--S.
ton az such favorable developments Z a ls
tho weeks budget Of d idend dlsh Nirses
m1er,ts which rdinarily would have been n
made ltheS bngla Of. consi derablee buying
Baltimore and Ohio declares slx per cent
dividends, u and the stock, except u for Hr. q
feW, poits anticipatory advance re mains y
nra ctioally4s al. a. Htandstlll, despite the
TACT that II Il Is II selir, ign from IL fifteen ID to
ithirtvl points below other ra llroad 81 Issues '
paying the same ra te kewise In the
industrial list, the Inaugural lion of dlyl-5
5dends on American oconottye and rs. corn y,
prodHnts WAS made the ba slsa % prol1t-.
taking, While of course, Na y street y
usual sells An coed 9 reeept I J,
s. sfd fsSA {I,1 sass5seo
aken as q Whola, the news tor Or me e
week was not sun favorable partlcpl I
as regards. the veal teE reports. which t!p
dEonsSe YIN tlle Wat haa bean checked
BY timely ira Ina. 81 lslness condltl CON n
&tinue satisfaoto DRY, Il N ;5 IL Y.
s Az great d cal of stress has been aid
upon the disruptionIo OF the sou thernIs8 Fur-
pape Associat lone which ducesss' foundry
iron, theas thss nst h 9, ADV , ~
| Then, too. Al & lighter ral lroad traffic since
the first OF June Is thought to pnin TO
more than u nlnoraryi let-l z. s4ai " hen
$allSis said granting tia t here r1ay be
seasonal BILE relaxa ton to buRtness II ao-
tivity, It Is Il mere guesswork " TO Y, infar
that our prosperitygis wanir g. II oVeyer,
it9musts be admitted that \ the continued
procedure against corporations such, as;
for example. the 4 CATION against the
Standard oil corpora ton, just institute ted,
Has an 1111tnsettling effect: 533S
tt und6lb dfy, he most fay rabl e& tleyel-
3opment Of. the week was the compilation
OF tie /; PENNSYLVANIA loan nego tiations,
which gives this country $50, 900 GOO
credit abroad at o time when It Is In
urgent need Of funds; I, Had + q. this nl'a al
failed, money ra ties must inevitably have
BECOME. more stringent, since the Penn
sylyania would have been compelled to
obtain accommodat lonsSin this country
Money. Market. AZ
The money ma rket the past week has
I shown II a frmer tendeh cy, PARTICULAR
FLOR the longer periods, refec ting the en-
i deapprs or brokers to prot ct tiemHely yes
against the expected fall me
supply OF ava BILE ~ ndsg ! was no & p IS
/ Ing, 5is 81 II #85t 81
Call money averaged 8 1-2 per cent On
Monday and Tuesday the range: x was
2s-4Q4 per cent; Wednesday aga Ia per
cent; Thursday, Il 2 1-2 as Ia per cent?;
/ Friday, s 1-4Gl3 liz per can t, S8gg N
Time money e. shoWed an n adya rlce Al Of
I ona-quarters over the year. Thirty TO
sixty 4 lays money was ii noted 41t 1-2;
three and four months, l-2G4 "a; tlye
|, and six months, 4 S-405 per cent; longer
/ periods, 8 1-4G5 ~ per cent ;5i g3&
! Commercial paper was In fair demand,
largely from tho out-of-town institutions.
Local talnks d little u nvestin Il