The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-21
HOLD WAITING ATTITUDE
PENDING RATE DECISION
Stock Market Comes to Dead
Stand>till.
ROCK ISLAND Is ONLY FEATURE
Announcement of Reorganization
Plan Received Favorably, as indi-
eating Important Step Toward Re
Mobilization of Property.
spcc.ll " The Timcs-D!spatch.l

Especial to The Times DiSpatCh.l
New York. June 2o.-The same in
HIonc,s which have made Cor dulluess
~ t:ic curity market for the past
fortnight prcdominated in the two
hour session az the stock Exchange
TODAY. There was but a mere SEM
hll.ca Of IS market. Attendance was
small and after the first few minutes
ot ,radlng ;he market came TO dead
Staulst!. ROCK Island issues. par
iiCulurll the bonds, furnished about
tho only feature, the strength OF these
securities rejecting the streets atti-
tENe toward the, reorEani2atiou plan.
Otherwise there was very little done.
traders continuing thrir waiting atti-
tu8e pending the rate decision Wash
!uE ton d.SVatchc announced unofficial
ly that tn' decision would not come
down to-day ANA no action could he
expected until ncXt week.
I'm tua initial transactions the list
was for tn' mos; part steady, and very
little CHANGED from Yesterdays clos
ms. Copper shares displayed hard
CniuE tendency. Chicago, Rock Island
and Pacific Railway dcbcnture IS
opening .&-S points higher. while the
collateral trust * were point bet
ter The Rock Island refunding Is ad-
NauccI points. The Rock Island
common and preferred shares both ad-
vaucej trlctioually.
Activity Increased somewhat In the
lac trading, the buying representing
covering al shorts 10y traders who We're
evening mp accounts over the week.
end Rock Island issues were con-
spicHouS by reaction from the
earlier advance, the Rock Island Com
Iart.s shares are losing entirely their
carly gains, tho collateral As declining
q ira ton from yesterdays closing on
rUmors of litigation over the collateral
back ~ the bonds. In other dirac-
Mons III" list was improved. with
United states Steel and Union Pacific
showing decided strength.
The announcement of the Rock
Island orEanizat!on plan was received
itNurahly. II was look al upon as IA
iWpurtun, step toward tho rchabillta-
unn "i tho property, and the removal
81 au obstacle which has louL: had AN
adverse influence in investment circles
Ihe PLAN as announced calls for the
elimination Of the two holding COM
pahies leaving but tho operating COM
panE This involves the wipinC ont
"t 1891. oVn,oro in obligations OF the
holding companies and the au;horiza-
tion or an Issue OF $15,0c0.000 OF pre-
itrrea stock.
%s~ -l YAH June The Rock Island re-
O.; business Friday. which. Il carried to fruit
ION promises 90 hc the ;nos, complete
n M, '' hauling eyer projected IN the
~ b. pas ness to-day on IN" stock cNchauEc
Iae sce.:tu"s % tie original. or operating
company, Which age clearly TO benefit under
Iie ,''iN, oi iAc new plan. made material
shares o: the Rock Is,aud Company. ono Of
Ae ;wo holding companies which are 10 be
W -pc- "Ei. 'el 10 new low records
ln the nuai dealings the list under the
.raI o' Union rDclnc aud United states
Sttr., advanced TO the highest love! of tho
"e'k. Trading. however. mHinly .errc-
,tniri The "s"a. weekly settlement OF con-
sen,.mcH; was inclined towards greater
gA,'rit mes. aesn.te indication %; further
lr.-> &c., ih' handing down @: the freight
ra'e ee !siou. vie new angle IN tho MoNican
ga aud trade reports OF AN adverse
London and tho Contiuen, onc-ed l,ne
.eH.aT, - la.s narket The former .nc!!nins
90 iFter -tarifN, with Weakness and hcs!ta-
i..n - PARIS aud Berlin. P-!vat. adyicos
- '-A itfis offered no definite hope OF an
"'al'"rhi in 'he gold demand from this
The d-aia q gold from This pos, was
"rH-n -c'".'"t iu Tho weekly bank state
NJ t' which showed an actual cash loss o.
$50 'l due entirely to tina, move.
o"v~~amen, bonds were unchanged on call
during d." week.
New Yurk jun. .,-t,,u ,,orc, ,,o.,,,,,.