The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-19
DECIDED IMPROVEMENT
IN SENTIMENT ABROAD
But D,iliest Spot in the Wide Uni
verse Is the New York stock
Market.
ADVANCE is QUESTION OF TIME
Prices Must Rise Commensurate
With Prosperous Conditions in
West and Foreign Optimism.
bonds Active, With Mixed Results.
ADVANCE is QUESTION OF TIME
~, DRuADAN WALL.

New York. June lS.-Stocks Wcro
With a bare total Of So.0o0 shares. cont
mission business was entirely absent
and professional dealings were at Al
The total turnover in steel COM
mon. the most active issue. was only
buyer IN this issue. taking 1000 shares.
Quotations abroad were a fun Ia per
Sentiment abroad showed decided inn
provcmeu,. British consols rose half
point. a recovery OF nearly points
gained during tho past seven DAYS
nearly $a,ooo.oco gold. or. more than
Foreign exchange reflected this i'm
provcmcnt by Il drop OF 3-S per cent.
ther engagement of S2.35O,OOo gold:
q check. The engagement OF 100000
bushels of wheat for export from Chi
,ago may mark the turning point I'm
The Sank of France. as a result OF
our gold exports. added $lo,00o.0o0 TO
its gold reserve, which now stands over
cord. the situation in Paris shows Il
dlstinct improvement. and premium
new II ench loan.
Trading was narrow. Northern Pa
chase Of 800 shares Jersey Central
Thia is a blue Clipped stock. Win a
fered rrics Union nSe Paec DC, Gva am" pa
roint easily, but Great Northern pfd
showed heavy tone.
rose sharply from 81 to rs "a New
York Central vas soft. and it is difficult
to Imagine a return OF public confidence
in this ovcr-cstimatcd crstwhtlc invest
ncnt.
suits Rock Island debenture Is rosc
from 70 to ~. the collateral Is were
iirm and the rcfunding Is gained II
point. Southern racinc convertiblcs
We're shade stronger. Chicago and
lnoiana Coal Railway IS dropped 10
W aeS HerS OF no2 b bd in nd two dom
figure
In prosperous times, bond brokers
from savings banks about this time.
There IS no inquiry THIS year: ON
heavy withdrawals after July !. as
many depositors have been thrown out
Of employment and others have had
they are forced to draw upon their
Considerable local interest is felt in
Uoe.ooo. OF which $4,000, 900 or 81 =. oUO.-
coo probably will he taken by Amcri.
this issue should prove Il quick stimu-
Ius 10 our South Ameri lean export trade.
per u PRODUCTS San viii "H be lnm i'r,T
placed If the loan is as successful as
antici pa ted.
Better conditions in Paris are shown
10y the premium bid for the new French
loan. London quotations for American
stocks have hcen one-uuartcr above
soils had ~ perpendcular rise. In the
West. crop conditions were never bet
ter. and money is as easy as an old
shoe. The dullcSt spot in the wide uni
verse Is the New York stock market.
II can only be Il question of time when
our priccs advance commensurate with
Conditions in the West and The opti-
niSm abroad
made by the stock market to-day. rhc ad
Nanee was General IN, there We're only
Inc nTm tone WAS due IN a n,cHas.,
repurchnscs by traders WHO svI1 iuri"C ~
,Harkea sSsrc.;y Of oacrinsy Ion London AS was
IN cheerful mood. which led cor
responding movement in The International
IMPORTANCE was attached to further
break IN foreign exchange rates as a bulish
factor. Demand sterling dropped under
Nss9. |; WAS felt that tho neutrality-suspicious.
ce t" enrinilmcn; of ule eNtFaordinarS .ti"w
ing the break $3.50 90 more gold war co
SaEed for export to-day. Time loans were
IN The bond marie; there ,,crc wide nuc-
tnnuons Missouri Pacific convertible 81 lost
decline. Rock Island dcbenmrcs ana Inter
national Steam Pump Mere ,cNroptionaliy
strong; Chicago and indiana Coal Halfway
sales, par value. iSc5vJ rui,eji' statcs
bonds were unchanged ON call.
NV York, june IS. Mercantile paper
day <isc35: demand $3.50. CominerciI
n;!ls ft%'.. Bs- silver. ;G%. Mexican dol
roads irregular. can money nrm: ls.u3:
ruling rate, =; closing. i'.H''s Timc loans
weaker; S!Nty days. ~; ninety days. ~; sin
months. 80.
RICHMOND STOCK MARKET.