New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-27
REVIEW OF THE
STOCK MARKET
foundation Not Continued
Opening Strong and
PaIly at Close.

- Aood Of selling orders which It
-. fesred might appear at the opsn-
80 a. result Of the interlor Juuh-
s,t on the Claim suspension WeSS
- h evidence yesterday morning, a,.o
a. short interest covered SohI Ia-.
s,s,ts that had made Ihprsday cos
III weak As the day went on price,
ssgged a little, but failed TOT the mos
,stf 10 lose the early Improvement IA
~ snal hour renewed buying advanced 9
securities again until gains OF ana Z
noints or more were as general as SgSh
declines had been the daS oelors 60 rne
market was quieteri less thah oVU,Oo9
shares changing haids IN q haIIo M
scsie with recovery among the more
oeculative issues.
continued success "a the efforts 20
% .re the mercantile difficulties here
COM concern now ihvoRed, and II
70 s ~ q generally would assist the To-
in their effo rts 20 conserve
60 e. .-oh- Of the II. j. Clafin Com
VIZ anal payment Of 90 cents on tho
49, was hoped for. United Dry
T5. nrefA~red open I'd fraction
, Soor ed fell back u points TO SO, but
. .'."S,-ored TO clase at 60, with the hnal
NJ 81 Nav Department Stores, which
- sbown sympathetic we akness, re-
,.s,,.,,sd more than points, and WOOL
worth was strong.
rka boneful remarks Of President
Wiison as 20 the great e. panslon OF
bnsIness 20 follow the pass age OF anu
trnsf yaguiation, on which he still IN
sists fsiIed to meet any approval IN
~. financial district. Ere m Washlng-
49,, rsUe come news, hOwe YER, that was
eso,sidered reassuring. Tne Owen bill
reg3iating stock eXch auges was re-
fessed back by the Sen az to the com
-e;ttes from which it had been so
adreitlv reported. Special counsel o.
tbe Interstate COmmer,e Commission
yos5e a vigorous plea for modifying the
Mediation which would acquire the In
.oSstste Commerce Comm Eission to pass
-, y,{lroed securities be- ore they wero
issBed' He agreed with railroad men
tb.t thew should be all owed to raise
funds needed for legitiln nate purposes
without interference. and further put
himself on record as faVoring IN gem
eraI interloeking dire ctorates among
subsidiary lines of one system.
Before the market opened here Lon
don had given a lead for the day by
advancing American shares substan-
tial fraction, and LoItdon purchased
rather freely in this market, taking, It
was estimated, more thar 10000 shares
on balance. Lower discount rates
greatly encouraged the Bpush market.
Here industrial shares generally
were firm, and at the close had rallied
q point or more. Steel closed at 59R,
M Ia points, and American Sugar re-
covered more than 2 points on small
transactions. Railroad shares joined
in the advance, Southern Tactic gain
ing nearly 2 points and Union Pacific
and Reading over /. Wells Fargo con-
tinued reaetionary, declining 6 points
20 "a, closing at sc, and American Ex-
press lost over point. Lehigh VALLEY,
selling ex dividend, was decidedly veal:
in the morning, but rallied in the late
upturn. Delaware & Hudson also made
up an early loss.
Before the trading had ended en-
gagement Of only 100000 gold for
to-day's steamer had been reported.
With heavy payment by the banks 70
the Sub-Treasury on account Of the in
come tax and the gold exports of the
week an indicated gain from the inte-
Yior Of over S12,000,000 was apparently
turned into a cash loss by the banks Of
around 100000. Call money was Of
fered freely yesterday and renewals
over the week end were made at rs
V,aw