The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-16
DuLLNESs IN STEEL
MARKET TUNING FORK
Stocks Stand Still, and Brokers Make
No Effort to Encourage Trading
Pcndin" Bate Decision.
LEAVE EXCHANGE
I'.\IiII
Members Prefer TO Discuss Polo or
ANYTHING Rather Than Business
Dealings in Bonds More Active.
Foreign Exchange Holds Firm.
~ nNOADAN VAIL.

New York. June l5-stocks stood
still to-day.
1t tho opening steel common was 60
bid ana offered At - - For several
minutes no trade took place. This
was The tuning fork Of the days dull
ness
once upon a time Mondays market
was IN event, and prices boiled or
sasEed according to speculative temper.
To-day most of tn. brokers came
upon the floor without orders. ana left
without doing anything. Every one
ihat could departed from the Street
carly. while Junior partners who were
unfortunately compelled to stick it out
until o'clock. discussed International
polo or anything rather than the stock
market.
'" encouragement t" Trading.
Just before the opening, word came
from Washington that the rate case
would not toe settled for several DAYS
at least. and as II pleases the financial
district to think that much depends
upon this decision, no attempts were
made TO encourage trading
The supreme Court met WITHOUT
handing down any important decisions.
ana the only live news OF the day was
furnished by the passing OF the pre-
fered dividend of the 81. Louis. South
western. This was followed hy n
break of points in the common stock
and a drop of about II i'm the preferred
SNnpatheticaily Denver issues de-
clinrd, the preferred losing 3 points
and Missouri Pacific fell from Is Ii
10 u.
Fertilizer storlSs were firm. Ameri-
can Agricultural Chemical gained frac-
ticually. ana General Chemical adj
Nanced II - points on the sale of 200
shares Virginia Carolina Chemical
was easier. of the standard issues
Union Pacific southern Pacific ana
Beading We're neglected. New Haven
was firm. and 1nterborouCh Metropolis
tan dropped Il point when the directors
met without taking any action ON the
dividend, although as a matter of fact
il was not expected that the matter
would he brought up until later.
Dealing in bonds was again more
important than the trading I'm shares
International Mercantile Marine l-2s
were firm on the publication of the
annual report. 81. Louis and san Fran
cisco refunding IS were active and
steady. southern Pacific convertible
- We're a shade lower
Foreign Exchange Firm.
Foreign exchange held firm around
saturdays high figure, and $l.76o. 600
more gold was taken for to-day's
steamer OF this, $75O.OOO in American
gold coin Will he sent TO London For
eien stock markets We're dull. and in
tc.uational business of no moment
quite the best news Of the day came
from the crop regions, where the
weather was favorable for the cutting
OF winter wheat. In the cotton bolt
There was break Of tho drought in
the Eastern section.
Railroad earnings for the first week
in June for Louisville ana Nashville de
creased $4,000 gross: Mobile and Ohio
$500. and |Toledo Peoria and West
ern $4,000
New York June 1.-The Judgment of the
speculative community was hcll In nbey-
oncc today, and stock market price move
intnts were narrow. No progress was made
toward clearing uP tho questions whiCl,
ports of serious difficulties confronting tn.
MrNican Wcdators made little impression.
Just when Nh" rate ease decision VIII Ice
auuouucvI remained as much of n puyzl,,
a:Fumen, out oi Washington aGviccs scriing;
tortn President Wilson'S !nststc,,cc on rI,t,
tim, through at Tho present session OF con
SFcss the ADMINISTRATORS trust legislation
u'EFau. But the market was not affected
The drf, was downward bu, ,hA. ii,ov. :.
men me- dli not attain Important p.Dp9'. i~ns'
SAates %; the Gould roads. Both Denver ana
10 'sante common and preferred SET low
RECORDS ior "a loNE period Of years. Missouri
Fae.h- 'agfed more than po.nt. Stce. WAS
ht.F AZ times. and a Jew Of The specialties
EnEagcmen' or gold for cxpo:; continued
i"-tt'. nut on smaller scale than last
Honls were irregular. ItGited states bonds bonds
We're unchanged on call
Nov York. June 10 call money arm. la.12;
ra.!aE rate - closing. "a az Time loans
~ tx months. ~ Mercantile paper
ST. SiS on5E5 eNf,ha .i sigady siY'y DAYS
S'.''. Be- silver. jii-. Mexican dollars -.
G,oNer3meni bonds steady. lmiroad bonds
HI(IiNio\D SToCE M,pGy-,r