The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-27
NEWS
AND COMMENT
Stocks Rally in the Afternoon
After a Further Fever
ish Interval.
no SIGNS OF LIQUIDATION
Another Decline in Wheat
Prices, With Reports of
Grumbling Farmers.

Aftsr thu ,urbuIent turnoI of Thurs
.,.,., .,.t,,.- ,.,,o,o.,.,,a,,,. wan o,r.s,
''' VN''e
was reHeNeu 10 hhu t"a' 50 i'' a." '"e
stock market was concerned there was
no Indication that the country was APP
nraisipu tho Claim faI,ure in terms of
80. -. =, &C.,, -. .,..r,,, To-
''"' "'s""'' ~ ""'
ulca'ed that the heaNy Seiiihs Vi stoohs
on Thursday afternoon was or profes-
sional origin. presumably in expectation of
an ou,burst NJ yeparai ,iouIdation vester-
da, n,a, Oh, corr,r, bcya, IN consider
uas "ne" '"e .ou".,s ooea" " 'oi''ue'
the coiiapse OF tne Ii'n'h 'o"'p""s'
Professional bearishncss persisted over
night and there was in the early dealings
a continuation of nressure under which
,,,, shor. tic, ,,,o,,oa go an onorirr aa-
NV 10
vance Oh'ii larry wen ihlo ,i'e alterIoon
the market was IeVerlsh' pu. !. oesan tnen
TO harden ana IN me iast hour senera'
raily proceeueu 10 me c'ose' WnlcIl
was nrm AT good average OF recovery
Tor the uay' with large number oi ISSUES
up point or more from ihursuay maj
nsuTes' foreiRh puSlns was repotteu anu
there was general ieeiihg IN wal stree,
last hlght that securities hau gwen an
excellent account OF themselves uhuer inc
severe test OF the weeks occurrences
quences or the Clarln receiVership would
be limited was question which inc imam
cial community was without OASIS LOT
an answer, except such as was PROVIDED
Dy the course OF the quoted values II was
conceded That there might De next week
a further unfaVoraDie renection OF the
mercantile disclosures, Dut goou zeal OF
announcement offered to the view that
IL the stock market was measure OF
general conditions the financial ana Dusi-
ness situation was more likely to respond
to distinctly favorable factors than TO I'M
toward happenings
The stock market itself seemed 10 give
evidence that 1t was still one whlch
had not only been speeulatively lquidated
to conclusion but specuatively oversold,
while 1t was still market in which inves-
tors would not sell but would buy on such
occasions as this weeks slump. weak
ness in the United Dry Goods stocks had
absolutely no unsettling effect over the
rest of the list Total transactions were
in fair volume, but were hardly more
than half Thursdays aggregate.
SO far as regards the Clafin failure
nothing much of Importance was com
municated to the Wall Street community.
There was no disposition to minimize It's
Importance and IL was ADMITTED that the
enthusiastically prompt muster OF opt-
mism in financial and business circles
respecting its portents was more likely
than not to be succeeded by sentimental
reaction. On the whole. the financial
district was willing to postpone until next
week. when more facts might be avail
able. any attempt to estimate the sig
nificance of the failure and its various
relations to influences bearing on values
The extraordinary address which Presi-
dent Wilson delivered on Thursday came
in for large amount OF attention, bu,
IL was not manifest that the Presidential