The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-15
New York
Stock Market

New York. June IA large number
OF semi active railroad and Industrial
STOCKS moved upward brisl<ly to-day
nut me tanaard mediums Of specula-
tlon, except United States Steel. show cd
niue chdngc Prices moved with tho
unsteadiness which recently had been
& daily characteristics Of the mariier
There were furtner reports thai large
holdings Of number OF recently nc
Tive stocks were being sold. but offer
ings We're well taken. save in the cases
ei few, issues. which were affected
by special causes Perhaps the subject
OF liveiiest interest was the present
strength Of the bear party. and the size
OF us commitmcnts. This faction has
been scnerally credited with great ac-
tNlty recently. and with success so
indifferent as 70 give rise TO the belief
III some quarters that its position is
becoming less secure.
The Generally firm undertone of the
market today, in spite Of its irregu-
lAritN. bore out the theory that its
technical position had been strength
ened. In line with this was the
strength displayed by United States
steel which was believed TO have been
the especial object of attack. This
STOCK held hrm at slight improve
eariN IN the day, and later forged
aheah Of IT'S usual companions and
gained more than II point. Much OF
has cd on the belief that the short
interest in this stock was so large as
10 make its technical position Il strong
one. f I'LL.
Probably the most important mar
ket influence. was tile showing made
hy The complete reports OF the coun-
try iorsign trade ,.oi' May. y gain Of
neaII y S90.0U00Ou liz the valnc OF ex-
ports over the highest amount on rec
ora TOR any previous May more than
Offset an increase Of Si2.00U,000 in i'm
ports although the value of goods
brought into the country also exceeded
that of any preceding May. Inclusion
OF May figures brings up he balance OF
trade In favor of this country for
eleven months of the fiscal year 10
more than S5oO.0O0.O0O.
Improvement was noticed in the steel
trade by the weekly reviews, which re
ported substantial increase In or
growth of the recent reduction in
prices It is expected that some large
orders for rails Will be placed within
The next week Further nervousness as
10 CROP conditions was reflected In the
tone Of speculation in grain and cotton.
The effect of the unfavorable weekly
report from Washington yesterday was
counteracted TO some degree to-day by
private advices from some sections OF
the South and the Southwest, indicat-
Ing a better outlook. ia
Trading in local traction stocks was
somewhat confused by uncertainties as
to what action would be taken by the
corporations concerned in regard to-
the proposed division OF award of con-
: - ANAI'ii vi SNpN dN w eSleTn Union,
which had been the centre of consid-
cradle speculative activity recently, on
the strength of reports OF Its largely
tncrea sed hnsin ess receded a point on
publication of its report. showing
decrease OF s355.o00 In net profits dur
Ing the last three months The South
ern roads were conspicuously strong.
Denver and Rio Grande suffered a fur
Their loss on account of the passing of
the dividend, and the copper shares,
after leading the market for two days,
failed TO develop strength to continue
the movement.
value, sSl9S.000. United states bonds
were unchanged on call Total sales
for the day. 5oS,9o0 shares.
New York. June 14.-Money on call
steady, S-+@2 l2 per cent Ruling
rate, . SIS; closing bid. SIS: offered at
2 l-2 Time loans easier; sixty days.
. IL per cent: ninety days S-4 six
months, 1-4G3 lie. Prime mercantile
paper. TO 4 ID per cent. Sterling
in bankers bills at s4.s4 for sixty day
bills and al Si.s5oo@ Si.S5o5 for de-
mand Commercial bills. s4.S3 IL Bar
silver. SO Is Mexican dollars, 49,