The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-01
" 81 K
els Market

{
ft Nav ,gors, June achievements OF
- 8tocks to-day betrayed the uneasiness
: hich WAS felt on account of the gov
~ rnment,s action against wire manu-
= acturers.s made known yesterday af-
- Bsr5S the close of the market. lndict-
rent Of various corporation officials
al yheen fore shadowed In reports In
IL Circulation for several days, so that
~ he effect upon the market was less
= ned, 1ntimations that this step rep
scented only one branch of the inves-
kation which Is being carried on by
e government, involving the acttvl-
les OF the United States steel Corpo-
stion, disturbed speculative senti-
|l4 emit further The bear party. how
- 2er, failed TO inaugurate a movement
&3 II SUFFICIENT size to give the market a
<4 ecided impetus downward. Opinion
2SSSasi divided as to whether impressive
~ &upp6rts was offered so promptly as
r 10 discourage an extended bear raid,
: pr whether the comparatively narrow
8noveInents of the market were due to
z#ineritaiSs Declines of as much as
i point We're recorded in only few Of
the leading issues, and the strength
81 Of Isolated stocks was sufficient to
ii give the list an appearance of irreS-
= ularity rather than pronounced weak
ii ness.
United States Steel lost less ground
than did a number of other stocks not
directly concerned in the events of
the day. The attack of the bear party
against this stock has been so per-
eistent that the short interest is
Thought 10 have reached the large pro-
portions, placing 1t in strong tech
meal position. The Hartman issues.
SAHS&aR Railway preferred. Chesa-
: ~ $Auahio and Kansas City
the weakest OF the
81 ~ a. Il lvhne in the industrial
r. Jed Copper and Ameri-
experienced setbacks
~ - Bues all developed pro-
- u = f3Sil # 9Th, and rose to the
- 2 OF the year. Recent
lB5 in Erie, including the
- 1.6ta v report of earnings pub
- - Il T in the week, and dis
4 8322 Canada telling of a con-
3 Il tween a representative of
~ $nd a Canadian Pacific Off
- followed by buying orders
: 8Ht were said to be important
81 E5f33 During the afternoon trad
- lie was the one feature which
= ,.1 appearance of life to the mar
aAts that control of the road
to Canadian Pacific We're
- brisk upward movement
- ,lis. ST. Paul and Sault Ste.
IS 543Sj 4Al bsidiary of the Canadian
~ XXI = 8ie weakness in Amalsa-
HfSls1BVh "00S9 per. reports from metal
t1trade to-day told of increased activ-
B, lty. No large buying movement, how
.ii ever. is under way, and some price
= shading has been reported during the
4 week. Domestic deliveries of copper
!, during June are estimated at we'll up
Z to 100000 pounds. figure which
sforeshadows considerable decreas sc
in stocks on hand as a result of the
month S operations
a considerable loss in cash by the
S. banks is indicated by known move
ments of currency during the week,
< due in large part to heavy payments
to the Subtreasury on account of sub
.scriptions to Panama bond issue
z Completed returns from all national
banks, as submitted In response to the
Comptroller's recent call. showed an
increase in loans and discounts be-
tween March Z and June Z of nearly
8 $50. 900. 900.
Bonds Wore irregular. Total sales,
g.par value. sa.2so.ooo. United States
bonds We're unchanged on call. Total
sales for the day, 22S.lOO shares.
New York, June 30-Money on call
steady, 2 3S@2l-2 per cent; ruling
rate, 2l-2 per cent; closing bid ,
offered at PIP Time loans dull; six
ty days. l-2 per cent. ninety days.
21-2a23-4: SIX months, 31-l1S1-2
Prime mercantile paper. to l-2 per
cent. Sterling exchange easy, with
actual business in bankers bills at
S4.S425 for sixty day bills and at
s4.S61o for demand. Commercial bills
sss3s4. bar silver. 5o3-4 Mexican
dollars. As.
RICHMOND STOCR MARKET.
BY Richard W. Maury.