The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-24
FEAR STILL STRONG AND
HOPE WEAK IN MARKET
Pcssimism Sits in Saddle, Stocks
Being Reactionary and De-
clines General.
RATE DECISION ON SATURDAY
Result. No Doubt, Will BE Mixed,
but Should in Main BE Favorable.
Weekly Weather Report Is Cen
orally satisfactory.
RATE DECISION ON SATURDAY
u, BKOADAN WALL.

,Ne7 York June - Pcssimism, stil sits in
declines general to-day.
aiFhnlEs "id t.. car sisssme%s ses%ea 100, 70;
equipment" since the middle of March.
Win new wheat shipment well under
during the coming weeks. "'S'' W"
Expectation sets saturday afternoon next
question The result will no doubt he mixed
but should IN the main be favorable.
o'clock on Monday the supreme Court hand
I'd down 9 decision tina, apparently added
ern Pacific. stocks rose
\; o'clock the Intermoun,ain ease was
strued uniavorabiy one Broadway house.
pfiya'e wires went into executive session
ana, deciding that the effect would lie bad
mission houses. arriving at the same con
ciusi9n' brought bunch of selling orders
helped TO depTess prices
Contrary 70 eNpee,a,ions and expert opin;
was engaged for shipmcn, to Paris
central Leather directors met. and not
10 place the stock upon ii per cent basis,
- some had anticipated. The value is still
y denia; Of the rumor that Great West
eTn preferred would receive a guarantee of
slump that carried the stock down two
London failed utterly to show any interes,
In our market and quotations were we'll
Canadian Pacific was weak. with a de
cline of two points. and Steel was sold for
foreign account. dropping below a.. Copper
camated losing liz and Utah copper. after
displaying early strength. lost nearly one
Western Union was heavy. declining to 55as
and Union Pacific showed little resistance
to the general tendency and foil to lIl5s
The bulk Of the trading occurred In South
sr.,lIi Irif
the close Pittsburgh Coal issues held their
own IN the face of general decline.
Trading fol- back to extreme dullncss in
the afternoon. with professional traders
~. nSm N prices; DGalinss in bonds feil
Island issues again predominnted. with
re e5kH ,6s m shG iS";S "a four MAJ e
collateral hvcs were active and firm around
Net earnings Tor l.chigh Valley for May
Increased sl?scco net. but Baltimore and
Ohio net decreased for the same month
The weekly weather report was generally
favorable. with Indications of heavy
Wall streets iirst opinion OF important
case IN favor OF the Interstate Commerce
temporarily disguised
New York. June .a-ncactionary tcnden-
cics prevailed to-day in the stock market.
selin,f While NOT heavy. was carried on
against the railroads. in the lntermountain
rate case announced after the close yes
terday, gave the list its initial setback to-
day Western railroad stocks especially
the Harrin!uns, heavy
Arrangements We're made to-day for shin
ping s>ooo,ooo gold to Europe. bu; sterling
exchange rates were firm and time money
was Unaffected.
Some OF the copper shares were distinctly
heavy. lndustrias held up fairly well most
oi the day. but ia The last hour the whole
INST was forced OFT, final prices being the
lowest.
The bond market irregular. United
states bonds were unchanged on call
Sew York. June :3-Cali money firm.
l."-: ruling rate. rs closing. i%.G" Tine
loans easier; sixty days, "a. ninety days.
"a; SIX months 80. Mercantile paper. 3i.T,i
SteFllnE exchange firm. SIXTY days SIS de-
mHhd iScp. Commercial bills Si.S5i: Bar
silver, oh's Mexican dollars. ~ Govern
ine"i bonds steady. Railroad bonds rreEu-