The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-17
Prices YIELD TO DRIVE
WHOLLY PROFESSIONAL
Rumors Concerning Rate Decision
Followed by Selling Orders That
Create Apparent Activity.
| NSETTLEIiENT ONLN RESULT
" Noon Dizziness Rules, and i'm
Afternoon There Is Partial Re-
covcry. Due to Short Covering.
Optimists Quietly Buying.
, NsErTLEMENT ONLY RESULT
ny DRO\DAS WALL.

NeH No-I Tune i5.-rriccs yielded to
a' pFclsS.1" az Iris aEs S,ost n,pfs "
Wei distributed rumors that no rate de-
Cislou ecIii Do" eNpecicd un'u the end ~
created temporary appearance q: activity.
No real business developed. and unse;tie
ruled. and IN tho afternoon there was pat-
tia recovery due 10 snort covering.
sias1 IN Utan copper. and the p-ic. wa-
marked up = The movement was largely
81 family affair. pu the strength III this
s9nated AVID Anaconda.
With ;ht metal market in q highly M
Favorable condition. it is extremely doubtful
~ t,sh Win al, ~ glowing prospects, oai
The conversion OF Broo!.'yn Rapid Transit
bones im u, stGsk. and ne selling Of nc
Tie stockhoiders. carried tho prico down a
conversion privilege expires cn July /. ami
stock, should ,hen sell materially higher.
t'chison. Lehieh Valley and Norfolk md
Western moved contrary to tho general list
and scored advances.
southern pacific MAS "h. when an incN-
pearyi 10 the crowd, and tho price was
ir"ppea to %35s. ~ which figure No was re
lieyed o. his stock. Tho price recovered
.uaion racias los, point on vha, looked
Ike snort selling. Steel common snowed
GOOD supper, around GI'..
shaohy trnck; drawn by decropit team;
street. \ half-dozcn husky portcrs In Jump
oss unioaded heav, canvas bags tina, ciinksd
riovcd Indoors to be "kcEre ti;' :or shstmcni
abroad. Not a hHIf-dozen people stopped.
The incident attracted no more attention
than vhe unloading OF ton of coal
Sterling exchange again ruied at top hE
ures. and further cngascmonts Of gold 10
to-mor:ow. steamer bringing the present
molement eIp to So. TO- ur ;njai Of
su'SJt1"l FOR the wear 20 date No cheek TO
This outward movement Is d!scernihlc. and
sy".E cnconracemeni is apparently oneic1
the Treasury that he would extend govern
mgnt 4ld during tho crop-movcmcnt period.
with easier tone International steam
PUMP Is dropped from -. t. 80
factory condition.. and In the spring wheat
belt the weather is iavor"nlc Tor rapid
.to"i" Tho government weck,y bulletin
ieporioi raoidy lmnrovius conditions IN the
Southwcst"rn cotton Held.
iUlsn 3. rahp"ni Win Professional
!raderS prediyiing SODA Nntcr" rise IN
ne followed. IN their opinion. by decline
that Niii punch now holes In the bottom OF
prices. Op'inis,s arc quietly buying, and
are not talking FOR publications.
New York. lung d. The, monoteny OF re-
today by a definite downward uoverlcnt.
When it necum" evident that The list wa
;uusceUtilie 20 pressure selling increased.
Stocks were pa, ont steadily enough To force
or more I'm ions list of stocks. y rumor
from NJ hEEton that tho ratio case would
no, hf Dccldcu until next muuth. ami that
IL would hc Disappointing 10 The roads was
used successfully for selling the market.
Aaothcr report WAS that Mexican nvGotla o.
lions would probably Toe broken on speedily.
with heari-h continent ia tho ascendcn, r.
thc street attached more Importance to-day
10 the stream of gold which still IS Towing
CUT Of IA" country. To-daN's enlargement
nt gold Cor Europe amounted to S5.a,)Ctl
urlnF.ur Up the weck-eud's total thus tsr to
more thtu Sio.cpJ.o"o. since January 5000,
oi gold has t"cu taken for EUrop.
In spite 90 tho reported Increase in do
maud :oy copper metal. following the no
cent cut in The price. the iortu!Ehtlv report
%; European supplies showed "A considerable
increase. Cope: shares were Inclined TO
sag.
coDpers and Hartman.
bonds were irregular. United states bonds
were unchanged ou call.
Now YORK. June i6.-cau money nrm
$50. ruling rate. o. closing. l7.u.. Time
loans stronger sixty days. :i.9.t.; ninety
days -':H-'. siN months. "a. Mercantile
pHpcr. S'rftI sterling exchange steady.
siNly days, $3.50. demand. S+S,. Commeccia.