The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-16
New ork
Stock Market

New York. June 15.--After burst OF
activity at the higher prices early il,
the day the stock market foil back :
small losses generally. The early Ills
play of strength gave way to con-
2 pafatve weakness, speculative interest
stationary until late in the day. when
they yielded still further. Various eX-
plantations; such as the liquidation of
istge holdings and the weakness of
special stocks. including the Fries the
Hill shares and the fertilizers. wore
given of the distinctly heavy tone OF
the market. but none of the duy's de-
feiopments appeared to be of sum
eieni influence TO account for Il. and
III was regarded as probable that the
weakness was due as much to sheer
lack Of interest and touch of sum
Ter &owsiness as to anything else.
The rise In prices at the opening
consisted of little more than the mark
Ing up of quotations 10 the higher
the market leaders We're included in
this movement and United States Steel
opened wide" with block of 1000
shares Tho Hill stocks were distinct
~ strong in the early radins. although
later they were among the weakest of
the standard shares. and the average
price Of railway issues. which for the
last month has been creeping upward
slowly, mounted tothe highest OF
the year.
The fertilizer stocks were the first
to show decided weakness Tho specu-
lative community seemingly has nrr,v-
5ustment or change OF dividend dis
bursements is imminent in these Issues
This belief is heightened by recent
sta 'ements Of earnings which reflect
adverse conditions last season, on ac-
count OF the scarcity and high price of
cotton seed. Increased heaviness Of
the Erie issues was attributed to Iiqui.
dation OF speculative holdings which
were accumulated during the recent
brisk advance Of these stocks
Copper shares lost part of their
s%ance ia despte ans sht
iolative strength of this stock proba
bly, resulted from the more optimistic
reports of trade authorities. coupled
Will show greatly increased tonnage.
Wall Street is paying little attention
70 the Congressional investigation OF
a he g SCENTS a Siass s; stes ssys
that the question OF tariff revision,
which gave 1t some anxiety not long
$50. has not Been settled.
Crop news is Being awaited with
1t was needed badly We're the most
welcome events of the day. An ..labor-
etc railroad report OF crops in the
unusually large yields. II
The frst Chinese loan to be offered
IN ms country was placed on the
market and was understood TO have
been oversuhscribed heavily. lin
usual interest attaches 10 this trans
action: which, in the opinion OF those
diplomatic interchanges which preredl
co II, may open 10 America trade on
portunit!es in Manchuria which ar.
not enjoyed at present.
Total sales OF stocks for Tho a.,
We're t53,6oo shares.
Bonds We're irregular Total ie,Io
Par value. sS.3260oo. United Sfa,as
IS declined ~ on call
New York, June Money on call
STEADY. l-ia2 Ia: ruling rate. As.
5eiosins bid SIS; offered at 10. Time
sent; ninety days. . 81; six months
: - Gs IL Close: Prime mercantiis
pa per. AZ l-2 per cent Sterling ex-
change STEADY, with actual business a.
ssaa , bills at si.s4 for sixtv-daw
ol!ls, and at s4.Sos5 for demand. Car