The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-19
BULK OF TRADING
IS OFESS|ONAL.
Strength Develops as Activity
Increases, and Market Out
look Is Brighter.
ny IsKOADAN WALL.

New York June Is-stocks were strong
again to-day with numerous advances OF ?
per cent-Union Pacific. Reading and steel
leading In point Of activity. Trading grew
dun NJ times. Int strength developed ms nc
tiNity decreased. and this is construed favor
ably. The bulk of the days business wa.
professional and originated on the floor.
been testing the market for weak spot.
Without developing amy of the liquidation
tha, h"i hssT such :, feature for weeks past.
scrdnn,e n customers Al offices. and tho
small some Of lie London houses mss an usual
In less than 1000 shares,
bee" largely redgred F ra is .,i
ever an open account In Reading steel
Nmd on Mo, racing' the latter stock having
saiue and never owned the shares To use
the phrase Of one broker.
Wall Street Is taking an amused interes,
IN the statement made by Chairman Iouc,,
resardins the Interfering suggestions made
~ party or parties associated with the ma
tionni lawmakers. 80
The stree, feels that 1T Is probably too
activity ~ the so-called .reformers'' Mil lac
traced TO headquarters. 1t Is recalled that
ton regarding the Stanley report went hrnk.
BY BY aniicipatinE what they thought would be
document was made public.
lin" speculative Senator has long been
ingt"n wire. and the financial communit.
would Welcome ,he punishment Of the opera
pate the market effect of their dciiberations
The high prices Of the day were scored
tho Northwest showed improved crop condi.
lions. The granger stocks were all strong
The government trade statement for Nav
with its highly favorable record Of exports
was cheerfnlly received. while Imports fei
pious records. "
exception to the general strength. aud tho
sinrh sold at losia compared with a previous
Low Of llc'. Tho dividend meeting viii not
he held untl the end OF July and a Gu, from
the per cent rate Is expected. although a
stionS sentiment exists I'm the board of
directors In favor Of maintaining the old
Sieei gained fras,e'iona!iy on the day: trade
mated Copper closed at an advance Of over
a n.l"', ,s"orins reports tina, sales OF the
The prevailing price of 1855. cents in,efooro
.ghtluur" ~ quiet advance. This stock
probably viii he kept strong In view Of ,he
bond issue 10 he marketed al tho mrs, favor.
able opportunity, There was n 3-poin, rise
~ ontario. Nov Haven owns the majority
resumption Of dividends the old per
Tho cheerful, tone IL tho money market
Is conspicucus The July disbursements arr
: n = NE as nigh IS s?s3 Qeoc 600, Of
Banks were large buyers Of commercial
raaper and an incident Of the dag was no
Bcrlin banks. Na transactions were am.
pleied as far as known. owing largely 10
may occur In exchange. Reriin's own mi
Nale discount rate rose TO day to -. This no.
element The weekly statement ri tho Bank
OF German. made favorable showing
Me'h % Jun we're not cutie NJ - those ~
me week previous Missouri Pacific raiued
. per "ent Canadian " ~, aud Denver
anu Eio Grande decreased per cent.
The undert"ne ~ tho stock market is good.
0ute,ly with periods Of aulness rather ,han
weakness.