The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-13
REACTION WIPED
OUT DAY GAINS !! A
Business Dwindled and Prices
Jagged Before End OF
Morning Session.
EFFECT OF BAD CROP NEWS I'
Bound III Wheat Engineeted by
Coteric 81 Professionals.
Railroad Earnings.
NV Associated Press.l

NEW YORK, June 1g.-- Further dull
ness vas shown by the stock market
to.day, The movement. for the most
part upward In the early hours, was
largely in the higf-priced issues 81.
4 paul and the other grain carricSs were =.
fayorably affected at the outset by ltle
previous days reports Of the h,gh avg wv
rage shown for spring wheat IN Wy
Northwest. Pennsylyania's siren Gun lol-
loved unconnrmed rumors OF the suc-
cessful contamination or the col,pau1's cs
Paris loan. The improved showing -
the Gould properties was accepteui -
direct reflection Of the op.l I,i,s,.
statements attributed TO ihelr LIZA -
head. There was no other news 70 ac-
count for the better tone Of the mar
ket. certainly none OF specific cnerhe-
Tor, though general satisfaction seems ans
to be ielt at the crop and business sso.,
+ dltions OF the country. Tho heaviest
pnrchases OF stocks to-day were mace ilt
BY influential houses whose names sAls
generally linked with tho opera tlo !l y
large ,nveYtcrs. BusinesR dwlndlea an !.
nr,ces from the lowest level For me 70
morning session. Traders TOOK n nary
and PLAYED for a reaction, N Wn1ct' 1. .'s
were partly successful. Undoup '3e'l's
tho principal reason for the SCI DF ttc -
the late sesslon came from .unfhyola any
weekly crop reports concurrent VII -,
fhis news came n boom IN wheat ana
& ire other commodity markets. when
40 med 70 be engineered by the coterie o.
nrofeasonals 50 often present IN stocKs.s
81. Paul's upward course was not ar
reKted. despite the statement from en-
authoritative source that the companyllss
frlans for financing tile Pacific Coast ex- x
,cna,o,, are not to be announced IN the
s,nmfdiate future That stock was az
most the one strong ffea tufe6ot the lat ts
q trading, though Pennsylvania held n =
Among the weak Issues We're Union MOI rs. e. a
3cific, Amalgamated Copper ana 1tea 40
while the general list reflected y h Nei'
undertone. The closing was faiFiyt g,
tive witll'a feeble rally, whicn aayahcei!
prices fro mthe lowest lever. For the
most part, however. the days gains were
wined out. Money narke I condl IONS
were unchanged, call loans ruling around
per cent. IA =.
4i3.1as; The demand for time loans was light.
"a number OF railroad returns, mostly
Y rroas earnings for the first ten months
of the fiscal year, we're reported, ana
al showed marked gains. Wabast, re- e.
ported an Increase Of almost $32ooO N
net for April i.
Bonds were Irregular. Total saless par
value, s2s55, con United States es adj
vanced IA. and the So and old IS, l l.,'
per cent, on call n. u,
Total sales OF stocks 81 were s. e31 ,soQ
shares.
MONEY AND ExcHANG E,--scLosE:
Money on call, easy; 2 1-2as per cent?,
ruling rate. 8: closing bid, 2 IL; offered RED
at 3. " iS 5e3 4; .5
Time loans. dull and steady; 90 days
MI 1-2 per cent; 80 days, l-4G1-2; six
months. 3-4G5. Js.5s31 s8
s Prime mercantile paper. ba5 H. Ster-5
ling exchange. heavy. at s., seap4,sb!oo lor
demand and at s4.s3aft 3c5 for six ty-day
Y bills. Posted rates. s4.sial4,8 Biz CONNER.
gcial bills. 34.s2 3-4. Bar silver, OF 5-s.S
hfeYica n dollars 60 ! n. {8 s5sS2