The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-01
PRICES RISE SHARPLY,
AND CLOSE is STRONG
Street Doing Business With Maxi.
mum of Facilities and Mini
mum Of Transactions.
ADVANCES BECOME GENERAL
Blues Are Chronic i'll Stock Exchange
Circlcs-Rumors Regarding De-
cisiOn in Freight Rate Cases More
Conflicting Than Usual.
ny BRoAnAN NALL.

New York June Se-Prices rose sharply
There are four corner-s,oncs that mark
solid foundation .or an Einei structure of
specuiation-a lIIuidated market an alb
sence of speculation: easy money, and the
The blues have become chronic IN stock
Exchange circles Wall street is sun doing
minimum Of tr ira S to The dis,oi '
tion OF some OF the older iirms are s;raws
that indicate the retirement of ancient
methods of speculation.
Present conditions In the stock market
f, unusual opportunities 10 tho;e who
gins. Probably Onion Pacific. tina, carries
present time, held up by the courts. offers
the most attractive orpor,un,y. while south,
added TO its assets by u decision OF the
supreme me ; Sour; is neg, o in line
the leader for no Improvement In general
business can be anticipated tina, will not
ton. and experts in the steel business be-
leve they sec AN improvement In general
tlnua,ion of the, ! pc: cont dividend rate:
oPm shSsH not ~ the stocks
precarious position that suggests a readJust-
ment OF finances. Baltimore and Ohio earn
dividend rate. and Northern Pacific common
is BY no 7" means an ASSURED per cen, stock
occupies an envabe position. and further
sdyanse Is sntspa,ed nov sna, the CONVEX
To win AT any game of chance. venture
aons be esta,e. 81. Subtle wnsn the pTSs
the lead.
Steel ,s common . Was strong. with an ad-
low. Union Pacific. from duiness at ls2,s
rose three full points at the cio.e South
encd and gained two points. -
AaXsnces We're seneTnl In the afternoon.
cred SHARPLY. and gains OF from one to two
pSnts were fsr ,b In p,e Of bad
per rose from 81 TO C9S. and Utah from
Ssas TO IS There is az active bull pool in
Baltimore and Ohio was adversely af-
fected by the fear that Cincinnati. Hamilton
uuircmen,s OF July l.
Foreign markets we're q, s,ands,il ana
internationA business without & feature
Railroad earnings for May were unsatis-
crease in gross Of $4,000 and loss in net
ra Grif los, sst:S, gross and s:SSS net.
The strength IN Southern Pacific convert
ne ~ was fixture OF the bond market,
Rock Island debenture IS were active ana
Just, before tho close there was a sal.
oot old Rock Island stock. AN odd 10, az
s. loss OF ,: points from the las, pre-
Rumors resardinG the rate. decision we're
perhaps represented the operations OF a bull
CLIQUE ,bs, ina, hopes for public following
In prices.
New York; June 0.-For the first time
since the Claim failure the stock market,
today gave earnest evidence OF its ability
10 respond 10 favorable conditions, and much
OF the loss incurred since last Thursday
was RECLAIMED Factors contributing were
tho more encouraging crop advices me
large interest aud dividend disbursements
OF Tomorrow; agsresatins s:A@O). COS, and
another drop in exchange.
IL seems likely that last weeks bad news
created highly vulnerasie shor, interest
which was speedily driven TO cover at ,he
nrst sign OF concerted buying Unonicial
advices from Washington respect,n. the
important freight rate decision now pend
ing were OF more hopeful tenor.
London ;ook practically no part In the
days operations here.
Bonds wcrc highly Irregular. C;oy.rnm,nt
bonds unchanged on cali.
New York. June ., call money finn.
Iaa:; ruling rate. .: closing. it,d: Time
a9ahs steaIy siN,y days. IA; ninety days.
500. Sterling exchange easy; sixty days.
81 $40; demand, NS,6l. Comm ercial bills
N.St Bar silver 66ie. Mexican dollars "A
Government bonds steady. Railroad bonds
MIA