The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-27
UNION PACIFIC
BID UP SHARPLY
Buying of Stock Brisk in London
Before Wall Street Opens
for Business.
ny BRoADAN WALL.

New York June 2e-in a small pool the
wrEEle or tadpolc makes q ripple and
this happened In to-day's stock ,narkc,
shortly before our opening Union Pacific was
bid up sharply in the London market Ia :,
price equivalent to 1851.
ArhitraSe houses sold in London op., cav,
into our market as buyers
There an unusual crowd 4, ,,,,
iacihc at tho opening. and spcciali.ts rn
ported number OF stop-loss orders To
"h",'i, cpni usion. II was agreed that these
S,ouiu ne executed at a fair opening as is
the usual custom. SIX hundred sba,ss
hanged hands at i47as. establishing a price
at which between 1000 and TO- 900 shares wero
stopped out hut did no, or course anme,r
ON me tape as stopped" stock is not re.
at these figures. and the price immedintnI,.
siid on In :. leisurely fashion to i45L, or iust
snort the ia! before by the bobtallcd bear.
The Street feels that Judge Iovett IA. MI,
told hnli the truth regarding the Operations
OF EanG of discredited operators who are
cnmplihentcd as being referred To as wolves
Ihey were busy again to-day with ru,uors
oi disaster loon TO orertake the Union Pact
ne system Fresh attacks on tho MANAGE
mont and property were promised and H..
boidn"SS 81 these stories have so alarmed Il
noted operator ~ Boston thn, he dt. a,u !"
any connection with III. pack As hc n,t,
II. history records that the most disastrous
cyclones have started in the criss-cross cur
rents of insignificant 2ephyrs."
The street hopes that Judge Lovct, WIN
give the public further details. OF "A cnndi-
ton o. hold ups they have long suspected
The Bulgarian War iun,crS proved ,nrrect
but fai from producing alarm London
houses wcr" buyers OF some 5000 shares
iak'ns oni"n steel amd AmalEanated Cop
per The market followed its custom of he
week hy growing exceedingly dun around
we noon h"uf ana saggins on in prices.
SIN. and the brokers' offices arc bare OF
clients
rhe sale OF ss.5oocoo notes b, tn. chesa
pehkc and ohio should enable this com
RAT or
foi the neNt twelve months. barring further
financial accidents The modesty Of m. l..
sue conlmends Itself 10 the street IL is re-
called that after the close o: the recon,
Chesapeake and ohio directors meeting the
chairman ~ the board said:
Tho board sees reason To reduce tn.
diSiiend rate The present outlook is eN-
financing is proposed a present
Among bankers the Incident has only in.
orHased uneasiness. as this beating the devil
around tho bush financing cannot be con.
tinucd Indefinitely.
southern Pacinc was firm on III. exc.llen,
ah""ins OF The May earnings with it's net
AID dropped 20 - and New Yo-t c.r,,.i
sili on below = Amalcaina,ed vas frnr-
tiona!iy lover and the balance OF the list
va indif"renty irreguiar.
Arrangements Tor tho July Disbursements
A." progressing smoothly There VAS a
hea'y gain los tho banks from tho Sub,rens-
ury that has amounted to 8 coo 900 since Ia,
Friday Money rates however. remain IN
rhe Bank Of England made m unfavor.
able showing with 4 loss in reserve and
holding IN GOLD and tho Bank OF France
made an Indifferent return with a Sigh, in
crease IN gold G"rmanN's iusistert demand
for tn" yellow metal Is shown by the cahicl
report ihNt the Imperial Bank 81 Germany
has made advances against gold mport, 10
tho amount OF $4,000. 900.
Bankinc interests arc discouraeinE activity
in tn" stock market At this time ON tn.
one hand. the financing OF the July 6i.burse-
inerts l. a problem in itself. anc on the
"thei every effort Is being made 10 secure
changes In tho currency bill without attract.
Ing attention TO Wall street