The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-17
New ork
Stock Market.

= y = - . "a. :
New York. June 1e.-Stcoks moved
up and down Within narrow limits to-
day, in response Il o the varying wilkins
! OF speculation, each period Of advanc-
Ing prices being succeeded by 2cor-
( responding decline. The end OF the
market came when prices were on the
\ downward swing, so, that small losses
were numerous. but trading was SO
; largely professional that the outcome
of che day gave no indication of the
trend Of sentiment In its narrowness
and uncertainty The market was essen
tally like thosr Of the last fortnight
This condition is suggestive OF Il watt
Ing attitude on the part of traders,
pending the receipt OF information
which will outline crop prospects more
definitely and show whether q general
revival in trade is to be expected with
In the near future.
Lchgh Valley was the weakest Of
the important railroad stocks. Pres
sure against this issue presumably was
In connection with the approach Of the
dividend action. Lehigh Valleys less
enei earnings have given rise to vari-
GUS prophecies as TO what action the
directors win take, although reports
of a possible reduction are conjectural
The copper showed marked strength
q, times during the day. and Anlalga-
mated Copper crossed II for the first
time This year. The weekly figures Of
exports OF the metal revealed large
Increase, the gain since the beginning
Of June amounting to nearly 80 per
cent. over last year. Advices from
London reported considerable de-
crease in the European visible supply
OF copper, despite the gain III the ex-
port movement.
Further efforts to depress United
States Steel failed, and ii lost only a
small fraction. The optimistic feeling
in the steel trade was strengthened by
further evidence that the worst of the
period of depression has been passed
1t was stated to-day that the business
of one of the so-called independent
companies had more than doubled since
the recent reduction in steel prices.
While such conditions are not general,
1t is known that all the large compa-
MES, including the United States steel
Corporation. have made substantial
Improvement.
The outcome Of the government sale
of Panama bonds will not be known
until next week, as bids do not close
until late tomorrow. From the activ-
ity OF this issue in the local market,
where it has been dealt in extensively,
selling when Issued" as high as lo3K
ferlng will be altogether successful.
The purpose of the treasury officials to
give investors an opportunity to pur-
chase in small lots undoubtedly Will |
add to the popularity OF the Issue
Money still is flowing into New York
from the interior on large scale, and |
known movements for the week indi-
cate heavy gain To-morrow's bank
statement will include the figures of |
the sixteen trust companies admitted !
under the new agreement, with re-
sources roughly estimated ut s7Oo,ooo,-
600, ~
! Bonds were Irregular Total sales,
par value, ss.l2s.O0o. United States
bonds unchanged on call.
Total sales for the day, 10000
shares.
New York. jung ls.-Money on cal
steady, 2A @21s; ruling rate, 2% clos
Ing bid. az offered at2st Time loans
steady; sixty days, 2,s per cent; ninety
days. 2% six months. 81 @31a. Prime
paper. 1 to AZ per cent |
Sterling exchange easy. with actual
business in bankers bills at S4.s4 for
sfXty-day bills and at siS5sO@ s4.S5S5
TOT demand. Commercial bills, s+.S35.
Bar silver, 55i4 Mexican dollars *