New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-28
REVIEW OF THE
STOCK MARKET
Fractional Gain in Narrow
LiSt-Trading Quiet
Bank Loans Lower.

Trading in securities yesterday was
- oniet and uncventful as in the week
beforc Less than 10000 shares
changed hands in an abnOrmslly mar
INV list. There was some good BUY
ING hus In the main the market was
lcft TO professionals, who, because OF
the resistance shown from the news OF
the Clafin failure. hesitated to make
short commitments, Al the close
small fractional gains were general
Bonds were even Quieter than shares,
With less than 100000 represented
in the dealings.
Concerted action toward clearing up
the difficulties Of the II, K. Clsnn
Company was continued. Mercantile
reviews Joined i'm pointing out tnSV
though the present plight IN whlSn
the company finds itself was brought
about bv the slack condition OF gen,
ersl trade, particular causes sNls'ee
for the suspension of this concern
which did not affect other business
In tho West aud Southwest retail ouy-
inc during the week was reported as
;,,nroved because Of the good crops
present and expected, and the agrleui'-
,,rsl nroSpects on which so much de-
nends are no less bright than Wees
900 For the present there ls' OF
course. no gaipssying here thst pSsl.
ness is dull, but hope continues tnSV
81 least a moderate turn Tor the oeper
h not FAR away. Failure Of the gen
orsf Dublic TO throw SITS security mold
mos on the market on receipt OF ms
weeks bad news is a most isVorSO'e
Tinted Dry Goods preferred, whose
hyssk made known TO many the
tsoshles Of the Clafin concern, Was
rot traded in at all in yesterday
r,erLet II closed 63 bid, O. asked,
srainst g. bid. no offer, on FRIDAY anu
tbe common was 10 bid, as on the uSS
before Nav Department stores CON
t;,,ed 70 improve and gains OF point
or more were made BY q few special
tics among these being Mlnneapohs'
- paul 4 Sault Ste. Marie, American
sTohscco. Studebsker and United kall-
v-av Investment preferred. fVr '"S
sterdsrd issues Steel and Copper ana
Pes5inp ended the day with fractional
e,sirs and Union and Southern racine
,,ero Unchanged. The debenture os OF
+bc Chicago. Rock Island & Paclhc
Railway lost nearly two points, though
tbo committees interested in the pro
posed reorganization plan continue 70
synress confidence in its success,
European markets, which have SHOWN
5isrecard Of our commercial dlnlcuI,,
ties of the week, were quiet ah9
stcsdv. consols closing unchanged ana
rentes a shade higher. In London pc
fore business began here american
shares had made a general iracIioh@l
advance. e ,oI5 81
ready engaged. no further amounts
we're taken for export, and the present
movement may be considered a. cIoSSd'
18th around S64.OO0,C0O taken since INC
first Of last month and SsO,OOO,oVO this
wear. Clearing House institutions AZ
the opening Of business YESTERDAY
morning had lost more heavily IN cash
han had been expected. income TAX
nsvments having been heavier than eS-
,imated. The cash loss amounted 10
more than Sl2.0OO,OOO, but loans have
raturally been contracted and deposits
we're nearly S20.0Oo,000 less, SO inc
surplus reserve fell off less than So
100000 TO s3l 100000. and IS about
500 OoO under last years total.