The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-26
MARKET SELLS Off
ON RUMORS OF WAR
Fresh Tide of Selling, and There
Is Irregular Tone at
Closing.
by IsRoADAN WALL.

New York. June :5.The stock market sold
on to-day Ia the last half hour on run,or,
that the BuiSarans had been lighting for
twenty-four hours. 1t did not matter TINT
! there was little to substnntinte this report
Traders who had been anticipating nm adj
vance turned sellers. and the markc, closed
with an Irregular tone.
In the early dealing the market was nrm
buying by Baruch Bulletins aSnouncino
.,onierenccs between the administration and
mat an announcement from the Attorncv
General ght be expected during the dny
standing had been reached. tho news faiicd
OF any market effect. II was considered n
out. It was understood unotficIaIlys' Fe on
course that the plan included the swappins
nc for Pennsylvania's holding. of Bnitimor,
Snfan ONO; H., !, vas also rumored that the
be placed In trust for year.
inc general news OF the day was not
statement by j. r. Morgan m'S ,b n,ten NJ, to the
mands on capital We're a little greater thnn
s sne aTa ,hIs , nm@un and the street
very much inside tho facts. This was CON
sihsred verified ID, when Consolidated Gas an.
nounoed Sl5.ooo.ooo note issue running eight
months ut cost to the company NJ ahomt
hoI per cent. Maturing notes OF the Inter
amount of s200oo 600 were extended for sie
months At the same rate.
the report that the company was abom, IN
BRING out an issue of notes.
Speculation has again grown exceedingly
narrow. and the bulk of to-day's trading Wa,
10; professional account. Foreign houses
sold. dtsposing OF about Is. 900 shares hut thJ.
occurred within the FIRST hour when our
market strong. 49,
LehiEh Valley was quiet and Arm the
stock ignoring tho excellent showinr mails
by the May statement OF earnings with It's
net Increase OF $4,000. II should be r.mem
nefeo the stock carries the semi annual divi.
ccnd Of per cent. which comes of at the
emu OF ms month AS an additional evil
nf he
attention was directed to the case OF the
Atlanta. Birmingham and Atlantic. whose
- i9vVVV receivers certificates, which ma
ture July !. have not yet been provided FOR
AS receivers certificates were supposed to
come ahead OF frst mortgage bonds and
therefore thoroughly secure. this was con-
strued rs an unfortunate DEVELOPMENT
statements OF May earnings were mixed
Atchison with an increase OF gross OF $l51 .O3
showed n decrease in OF S2lT02t and
Union Pacific gained s::s.Sol gross and $40 II.
net.
The demand for money from Berlin APP
peared 10 have ceased. The Bank OF Ger
many made much more favorable weekly
statement thar had been expected in view
OF the recent reports regarding the monetary
OF which S&sJi.000 in gold.
In our own market money rates continued
unchanged with time money easier for sixty
and ninety days. Practically no money was
offered for long maturities
The street fears IL Is facing another J,Il
period on any advances. Stocks are offered
in sufficient volume To check the rise and
as liQu:dR ton Is not In evidence the trader
Is without an opportunity to turn his !, or
!, per cent This narrowncss prohibits tn.
commission from venturing into the ,pecu-
lat!vc arena.