The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-25
CLOSING is ABOUT
AT BEST PRICES
Market Opens Firm. Grows
Strong, Then Dull and Finally
Returns to Activity.
ny HROADAN wAI.I.

| New York. June 24.-'rhe stock market
opened firm today. grew strong and active
| IN the FIRST hour. became dull and saESing
then returned to activity and strength un-
der the lead OF Union Pacific and closed at
about the best prices of the day.
Advices from foreign markets were more
reassuring, the settlement at London having
progressed so far without any great weak
ness. Apparently Amalgamated Copper has
been ovcrsold there. and efforts OF the Lon
don houses TO buy the stocks In our market
were responsible for the advance that car.
ried the price above S.. There Is no i'm
were made at 1issc. without attracting big
consumers as exports of the metal have
creased. IL is expected that stiii lower pricns
will he reached before large buying is en-
The Can shares were strong. the common
rising full point and the preferred Is 'As
contracts have been secured II is eXperted
tho earnings for the next three months will
the H0oo0oo Can debentures has been dis
solved. about half the bonds we're sold to
the public and the balance distributed to the
The strength in Union Pacific attracted
particular attention. and houses with wash-
ihstoh wires were large buyers In the nrst
The stock fen on a point when it was an
mounced that the conference held between
the attorney Of the Union Pacific and At,or-
neN -Generh McReynodS had not resulted In
amy public statement. Later rumors were
current on the floor that the Attorne,-t;en-
eral would probably resign and this was
favor Of Union Pacific and Southern Pacifc
The man on the street. quick to arrive AZ
new conclusions. figured that Il new Attor.
neY-Generai would probably be less antago-
nistic To corporations. There was activity
In Heading at advancing prices and steel
common followed with a rise of over n noint
While there was little increase In the gen
GRAZ commission business, several houses re
ported investment buying In PennsyIvania
81 Paul, Great Northern preferred and
Atchison.
drive was made at Chesapeake and Ohio
carrying the price below 50 on ruu,ors OF IN
favorable earnings. This decline was ignored
as a market factor. and the stock recovered
somewhat IN the late trading.
tihcatcs carried the price up per cent on
rdmors that MIR. Hill has secured new con
tracts at advantageous figures Missouri
racine was active following the announce
r'cnt from the president that the surplus
after charges would reach s.. 900 Tor the
per cent Of tho earnings for maintenance
This naturally attracted attention to the
missouri Pacific notes. which at the presrn,
price of q would net about II per cent to thu
holder who would carry them until maturity
next June.
tho lowest rate that has been quoted to-
moro than two years and reflects nbov.
everything else tho lack OF speculation. Time
funds arc duli with no long-term money be-
ing offered slight Improvement was
noted in tho bond market with som, b,,si.
tcrcst money
sentiment In tho Street appears 10 favor
better market FOR tho Weekend urob-
ably under the lead Of Union Pacinc and
Reading. The ly IN the ointment Is the
weak position Of some OF the minor indus
unforeseen Development brings fresh ii,uida-
tion.