New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-10
REVIEW OF THE
STOCK MARKET
Early Advance Short Lived
Close Firm-GOld EX-
ports Increased.

an Ndli ~ bhhSN VI pN''NiNF NhNN 49,
proved prices died away yesterday be
fore the first hour had ended, and
trading for the rest of the day was OH
the low scale too familiar OF late. The
market declined little, however, with
slackened business, and a fractional ad-
vance was the result OF the days op-
erations. Abroad London showed a
better tone, and Continental bourses.
too. were firm. In this market Eu-
rope was a seller to the extent of some
10000 shares.
Overnight consideration Of the Shreve-
port rate case made ii appear of even
more importance than traders had at
tributed to it on Monday, but the mar
ket's attention is so fixed on the result
of the application of the Eastern roads
for higher tariffs that any news affect
ing railroads is considered first from
the point Of view of how it may af-
feet the advance in charges desired
Strengthening power of the Interstate
Commerce Commission seemed to throw
no light on the expected news from
Washington. The opinion OF the Su-
preme Court on the Los Angeles
switching charges. which upheld the
right Of the commission to decide what
was additional service for which the
roads should receive compensation, was
considered a possible aid toward pro-
viding additional revenue through
charges for services hitherto rendered
free to shippers.
AS has been the rule since the gov
eminent began its information on crops
this year, indications Of excellent agri-
cultural prospects produced little mar
ket upturn. The weekly weather bull
letin added TO the report Of conditions
in the wheat fields on June | word Of
continued favorable conditions for
winter wheat, with insect damage ap-
parently not increased and exception
ally favorable weather for the spring
crop. In the cotton belt warmth and
dryness were reported in Texas and
Oklahoma, where they were needed,
and some beneficial rainfall in the for
merly dry portions of the East.
In the advance Of the first half hour
such gains were made as a point in
Union Pacific and q Of point in Read
ing and Steel, but there was not enough
activity to carry the movement for
ward, and for the rest of the day prin-
cipal improvement was among less i'm
portant issues. American Beet Sugar
and Can each advanced a point in the
early trading. and at the close gains of
a point or more had been made by
Adams and Wells Fargo Express, Bald
win Locomotive, Pressed Steel Car and
California Petroleum. American To-
bacco was 4 points higher on the day
and Lorillard {. Rock Island issues
were firm, with reports of progress
toward some agreement for reorgan-
ization. Virginia deferred 6s fell back
over II points to SO on heavy trading.
following overnight news of the Su-
preme Court decision postponing final
settlement by allowing West Virginia
the right to present additional evil
dence.
The Bank OF Germany in its weekly
return gave proof of recovery from the
strain of first Of the month settlements
with an increase Of 100000 marks
In gold and material contraction Of
loans and circulation. In London the
Bank Of England took most of the
teO0OOO Of new gold offered and dis
counts were easy. Demands of Paris
continued TO be supplied from this mar
ket, further engagement Of gold for
France bringing the total export since
May l to $4,000. 600, and to SAG. 900
100000 for the year so far. Beyond n
slight f1rmness in call loans. renewals
being made one-fourth Of / per cent
higher, at per cent, the money mar
ket here showed no effect of the loss ~
gold. and demand sterling closed still
higher: at 1886 to 1880.