The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-12
PRICES REACT|0NARY,
AND WHOLE LIST SAGS
Arc Carried Fractionally Low
or All Down the Line.
WAITING on RATE DECISION
Street Expects Question to BE Set
tied Either To-Morrow or on toi-
lowing Saturday, and Is Hoping
for Renewed Activity.
ny pRoADAN WALL.

by BROADAN WALL.
New York. June 1l-Prices were re-
dictionary in to-day's market: Wh'ie
the market was never weak there was
tiomaiiy lower throughout the list.
Extreme dullncss ruled in brokers
offices, and efforts to encouraGe IN
tcrcst in the market, on the theory tha'
an carly rate decision would or!hE
activity, were not altogether success
% scme cTdsE5 m1Ge the See nfre .SeS be
granted. and the information come out
when you cannot reach me. buy me
Wall Street looks for a complicated
decision that viii require careful ana.
lysis, and il is TO be hopeI MAJ =,
Of the market. Traders will be in
Clincd to buy stocks tomorrow IN the
hope tina, they can sell them to others
pected on this or the following Satur-
day.
a point There Will be n dividend meet.
ing about the end OF the month. and
market conditions permitting, the bull
pool will encourage optimism. The
shares are considered good spccu-
steel Common Loses.
steel common lost half n point on
selling by traders. Copper stocks We're
steady. although the position of tho
satisfactory. ~ break below II cents
for the metal appears inevitable.
M0r'nsrn bnGiic lost 60 The re Pr Hs
proportion is not pleasing to stock
holders.
Canadian Pacific was heavy. The
offered in London WAS only subscribed
for TO the extent Of - per cent. the
balance remaining with the under
london reported q dull and heavy
market The Bank OF England showed
q gain OF S4.70O,000 in the weekly state
ncnt. and the Bank OF France has
added S>,oo0,o0o gold to reserves dur
inc the week.
Sterling exchange stil rules at high
figures, aud with the engagements an
nnonnG,g nd i9, ,;y ,iS.GocC Of eo,id VII
Crop. >dviccs Are Good.
i ih nature thS howeyer with
lavorahl" conditions were reported
from the Southwest.
Railroad gross earnings for the frs,
week in June made an unfaN>rahle
showing. Canadian Pacific decreased
Kansas ana Texas. $4,000; Western
Pacific. $i5,ooo, and Canadian North
crn. $4,000.
Gond traders arc nursing financial
wounds caused by the smash in Vir-
Ginla deferred per cent certificates.
These declined to-day from 81 10 to
90, a drop Of II points from the price
ruling on Monday before the Supreme
Court decision To hear further evidence
Win tendency favorable Ia discount
rate decision. stocks probably viii
develop It firm tone tomorrow. What
ever the increases may be. stability
of rates should be assured. and rail
roads can cut the carmen; accord
ing To their cloth.
abundant crops viii provide the traf-
lt an" easy money luhricatc the ma
thln'ry OF business the moment con
iidenr% places Il iirm hand on the
throttle,
Now fort June u, Menv!nC;s areearcd
!atior was as dull and cojorlcss as ON re-
cen, DAYS Canadian Pacific was depressed
nearly sjro"o ST raui ri behind for
time owing presumably to disappointment
Reading and smelling also were heavy. as
Mcre few Of. ne ;peco,ics Tho move
Uncut as whole. huwcV"r. was narrow.
MN Only b., ;r ~, gnan,sc hngagc-
$500. high record In Tie out,low nj gold
rom New loIh IN a ainglc week. but eN-
level Demand sterling touched At nov
hieG mark ioI tho movement at 81. $50. and
,aD.e7 mounted 10 S'%t. SlN'N and :.iarty-
a"y l"dhs hoNcu up -. once moro The
freight rate decision vas tho furoinost con-
S'4rIaiien IN thr took market. and il was
sHli generally thHi. barring th- untorcsc cu
ejaculation would b." held down 10 q low
noni un'il tho Interstat" Commerce Com
mission announced ~ ruling.
NsaEncs' appeared again IN Virginia debt
G"Wih'htes. which i"ll four points to -.
genera bond market movcd unrcrininiy.
United States bonds were nchansed on call.
Sew York June u.-Cau money nrncr;
i7.W2: ruling rate %: closing ,',u2. rimc
loans stronger. siNty day, -, ninety daya.
5l@ai. sterling exchange strong. slNty days.
isIip; demand. s. $50. Commercial bills.
Government bonds steady Railroad bonds
irreEuiar.