The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-06-15
Ne w Y 0rk
Stock Market

New York, June 14.-The movement
of prices In the stock market to-day
was hardly more than a DRIFT me
board-room traders, with their utmost
diligence, were able to find but scanty
material on which 10 base operations
Their own transactions were respon-
sibIe for the sluggish price movement.
and when they fouad that these were
not gaining any recruits they desisteu
from pursuing them and reversed tie'r
operations a slow upward movement
dragged itself out and then ylelued on
a diminishing scale OF dediiiSs uHue'
this process. H.,
some attempt was made to bring IN
the pendinr passage of the raliroad
bill as an influence in the trading. me
morning advance was accompanied ..
professions Of satisfaction on the part
OF the yoard-room element over the
approaching end OF the struEsle, ana
BY expressed hopes that pubic aqua
ton of measures against the taliTo,ius
1roilld uuiet down Afterwards. On the
part of the railroads themselves now
ever there were announcements
through accredited agents or pun
licitv indicating persistence IN q
policy of complaint over lssisia ili,,.
Conditions and the rate adjustment
with the government authorities rms
appeared in the claims of the necessity
for further rate advances IN order 70
enlist needed capital for the conduct
of their business. From this 1t was IN
ferred that the hearings before the
Interstate Commerce Commission on
the proposed rate increases are 10 pc
accompa MED by further protestatilol rs
OF the insufticienoy of present earning
setting the OBJECTIONS of shippers
which are expected to be presented 10
the commission is not regarded as ca.
oulated to make more ACTIVITY IN the
securities OF the railroad conlpai ne
which are pleading poverty In tnat
Pending the settlement of rate ques-
ton. therefore, there is the fear that
demand for stocks and bonds VII De
impaired amongst foreign investors,
especialiy where the tactical purpose
Of his policy is likely not to be un-
REPORTS were circulated to-day OF
retrenchment orders SAID 10 nave pe .t,a
time Of the rate injunction. and not
rescinded The weekly bulletin Oh
the weather Bureau reported untaV o. :
able crop weather over most OF ane
country, and the cotton markee S Mas
lnfuenced by similar reports TO-DAY.
An extra dividend of per cent. de.
eiare5 nv the Central Railroad of New
Jersey, following similar oeclara-
ton in December, gave rise 70 ely! .,oas .
IN dx regular period Tor THESE
ey,ra dishursements. A 4 per. cent
yearly dividend was declared also 9f
Mobile and Ohio. compared Win onlS
2 IL per cent. in lsos, Ih inane an
!. IN The general tone of the market. Tn
otfioisl continuation Of the s9 9a15ew
Pacific bond sale in Germiany " to.l eso
lated Press from Berlin, was Ignored
4 slightly hrmer tone in the ga; ga
loan market was CONTESTED siaen eo,pp eS5iibi
hond Underwriters for payment OIL ~, .
per cent. of their subscrip 5an3ais I'm rn
after the requirements for the Jul i,
settlement are me5 and bs saS h into Il
ulspu The foreign exchange maj
PONDS we're steady. Total sales, pa
Sa Ifnits si'S states bonds we're unchans'
on total sales of stocks for the d
were a25,6co shares.
New York, June l4.-Prinae mes ca