The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-10
PRICES APPARENTLY
INCLINED TO IMPROVE
In Late Afternoon Fresh Burst OF
Selling Unscttlcs List, and
Close Is Irregular.
EARLY WEAKNESS IS CHECKED
Good Stocks Show Either IN Under
tone of Strength or Good Bank
ing Support-Opinion Agrees That
Tendency Is Toward Retirement.
ny uRo>D>N WALL.


Sew York. July e.-S,ocls we're uneven to-
day: Early weakness IN New Haven. .chcsa-
checked 10y nrmueSs IN Union Pacific. south
ern raclhc and steel. IN the late after
hs, and the close vas irreeular
Apparently ;hc rrices we're inclined {"
Union Pacific was strong, Al hghcr figures.
public tomorrow
Baltimore ana onio directors declared the
ierrcd shares. and issued statement esd
Of si.2ol.o3l Tor the year Guiding Juno 20 last.
To pay the present dividend some S..t0.10o
also charged against surplus over $4,000.
account OF q. H. y II Expenses FOR the
year We're augmented by charges amount.
ing 10 more than S2,990.JcJ tor recunstruc-
ton OF property d.naeed 10y floods IN 1919
iinaneia! management; Tor In May last The
notes TO refund notes and for improvements.
From any point OF view Investors can lie
rive hitle comfort from tho sale OF short
term obligations ana the payment OF un-
Gould stocks made new low records Mis-
souri, Pacific zen To II. Denver common
dropped to ~, the preferred to i2i=. chesa
declining, 10 ~ The street VII! feel re-
lis, Of dividend payers. New Haven es,ab-
lished a new low record. selling at ciTs
Discriminating brokers placed ell stocks
mentioned above With the goats. aud among
the sheep Union Pacific has first place.
~ the directors bu; held up by the courts.
amounting 10 about - per cent This case
tAis 81 per cent. Union Pacific. an 5 per
Gen, Gen, stock. wouid sell at 10 while Gren;
issues. is selling about ~. Tie comparison
suggest rise in Union Pacific
Southern Pacific. with its added value ot
some s3llol9.@2c. due to settlement OF litira-
lions over IL oil lands. was the favor!;e
sisien;ly strong under umfavorable market
Steel common tho most representative Of
the industr!ais, should begin to reflect the
distinct Improvement; Noted IN the steel
perity in this company For the balance OF
Foreign markets were entirely indifferent,
10 oar fluctuations. and international bust
ness IN stocks was At siandstii!. The i.u-
statements rejecting tho half-yearly settle
,nents and arrangements tor the French loan.
discounts :. increased .'3,'oo.>,o and general
The Bank OF i:nsland made strong
s - ,@ ins The ratio %f reserve rising from
The Bank "s 81 g Germany Ss gained Ss, sceco
cash .: which s,,.59.650 was gold.
TREASURY Operations The Subtreasurys credit
balance al ths eieari"s,honse yess,srday
this total represented payment by Greece
ioc Two American nattieships.
IN underione III strength good Banking
support; There IS difference, Of opinion on
this point, Opinion agrees. however. tina,
the main tendency OF the market IS toward
Improvement.
New York. july 9-sccurltcs OF recognized
merit again were disposed to-day 10 break
away from depressing Influences which re
cent?! have held them In check Additional
low records by the Gould issues, Rock Island
collaterals and New Haven and Chesapeake
and ohio shares were without general efcr:.
Ihe further decline IN the Guulds still was
without ,deunite explanation. New iIavcns
latest differences with the Department of
Justine ANA a ruling adverse 10 Chesapeake
ANA ONO by the Interstate Commerce Com
mission Mere inmediate causes affecting
these securities.
To the crop outlook and the point OF View
adopted by The administration at Washing
ton was attributed the more hopeful feeling
IN various quarters to-day. Trustworthy
adN!ccs pointing 10 marked Improvement IN
the steel industry We're at hand.
About the only dtscordant note came from
abroad. lr.cr.ila. weakness was shown by
London. and Paris cables indicated that ,hc
new French loan had failed t. stimulate
cHthuSiA
The local bouu li.t showed varied dealings
WIN a few changes except iu the t;oUlds.
United states government bands Mere un-
changed on cam.
NeN York july s-CaIi money nrm
Time loans weaker. s!>ty days. -. ninety
days. -. SIX months. So. Prime mercantile
paper. %-.G4i.. Sterling exchange easter:
aiN;y days: 81 ~: iemNsud. siS'o5.. commsr-
ciIl bills. 81. >JfISi.Sli,. Mar SllNarr~,l.