The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-25
DAYS PRICES COLLAPSE
UNDER HEAVY SELLING
Disposal Of Leading Issues Appears
TO Come Directly From Big
Interests.
MANY STOCKS SHOW DECLINES
Unexpected Activity ut Falling Prices
Suggests Rough Financial Weather.
Optimists Reefing Sail Until Con-
ditions Are Better Understood.
MANY STOCKS SHOW DECLINES
ny BROAnAN MALL


day under heavy selling of the leading issues.
Which appeared to come directly from the
Brokers that ofttimes represent, the So
caileN STANDARD OH crowd sold New York
smashed -. Pam nearly three points on
sales q; so, shares.
on The way down from 1855 to 1873 south
crn Pacific showed more resistance, and
Vel mil trade reports '' Mere p me e
describing the condition or the industry
Business in The copper trade il called
wretched and the copper stocks followed
ing aud Amalgamated Copper a close second
United Dry Goods preferred fell fourteen
concerning one of the biggest establish
nents In the dry goods district. May De
Pittsburgh, Cincinnati Chicago and ST.
Louis; known as tho Pan Handle and
the common dividend. The stock broke
.eNen points; pennsylvania. In sympathy fell
asg4 re-. 5000 support 'eSe'0ped at this
Reading and Great Northern preferred lost
point each. The market for Baltimore and
ono proved very thin. and the price dropped
The room, and the selling pressure Was sal at
rs height when tho market closed.
passed he dividend, and the stock fell
from IS 10 3: Drops OF two points or more
Bonds were heavy. International Steam
Puma, AS IS declined six points. BROOKLYN
Die IS and Erie conver'ibles were all under
Western Union established new low
record for the year by selling at 56is 'rlc
termination Of the underwriting agreement
declare private telegraph lines common car
riers had most depressing effect Business
was at IA stsndsiIll 40 further engnra.
m%T5 81 gold Wa 1n ann buy there Is
urday's steamer. Demand sterling was
'SS opa s9s s oasr s S@
Frltay. ioreshadow!ns an unfavcrahe hank
statement on Saturday.
Western harvest reports and estimates Of
rrowins corn were entirely favorable ana
Canadian Pacific earnings for tho third
Week III June showed gross decrease Of
Unexpected activity at declining prices
sussests rough financial weather. Opt
m'ned whether this Is q hurricane or only
summer squat.
New York. June o4.On u volume % busi-
ness much In excess OF recent averages. to-
terday. largely, /, Is believed. as a result
by the supreme Court In the Tntermouutain
rate case T9,day,s selling movement en-
issues declines ranging from one to almost
New York ceutral ana United states steel
declined under the weight o: the selling
pressure. The closing was at or around
Passing OF the Pan Handle common d!v!-
1chu caused an abrupt decline ia this stock.
~ closed with net loss OF seven points.
rho dividend ON the United states Cast Iron
rape preferred also Was passed. with
sharp decline In the stock. United Dry
Goods preferred broke almost fifteen points.
Europe Ma not factor In this market.
London selling very lightly. hut buying 10
the extent ot a few thousand shares.
No more gold Was taken for shipment To
Eu-ope.
Bonds were weak. with decline of six
points IN International Pump Is. Other
speculative issues suffered material losses.
Government bonds we're unchanged on call.
New York June 2t-Call money steady:
isST@; ruling rate. Is; closing. i'Sn2. 'rimc
loans strong sixty days, 2HN2la. ninety
days ":T2S.; sly months. "a. Mercantile
paper, 3l.di. Sterling exchange stcudy.
siAty days Si>G!o: demand. $3.50. Com
merciai bills. s+.SN.. Bar silver 49,. MeNi-
can dollars, -. Government bonds steady.
Railroad bonds weak