The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-06
..New York;.
Stock Market
TRADING ON EXCHANGE
Is REDUCED IN VOLUME
All Sorts OF Excuses Used by brokers
To- Get Away From the
DullncSs.
Figures OF Express Company Earnings
show Now BADLY This business Feels
Parcel Post Competition.
by BROADAN WALL.

New York. June 5.--Trading on the
stock exchange WAS In much reduced
by noon All sorts of excuses were
used by brokers to get away from the
dizziness. and by o'clock the Street
Traction stocks took a squirt, Brook
INn Rapid Transit rising to % IA
With Coney Island season open. aud
handle increased traffic. favorable re-
ports OF earnings are expected. ON
July ] the privilege of converting
Brooklyn Rapid Transit is into stock
expires. when a further advance in tho
stock is anticipate"
lnterborough Metropolitan issues
were firm. the preferred rising TO 60 rs.
Brokers attempting 10 create spccula
tive interest in this stock find their
efforts, frowned upon by bankers.
steel stocks We're neglected. al
though trade reports were decidedly
encouraging. The market Tor pig iron is
active, and recent placing of equip
Tor the Steel Corporation.
tnion Pacific has under way 6.2oo
cars. New York CcStral has placed
orders for 1890, Big Four, 5000 and
Illinois Central, 5000.
The market Tor copper metals shows
no Improvement. with the price barely
steady at IA cents. Little or no bust
ness is being booked, and further
cut is anticipated.
rising 81 Texas Company rose "a
point Figures compiled by the l. c.
{. OF express company earnings show
how badly this business feels the com
petition Of the parcel post. For eight
months the income from operating of
eleven companies was $4,000 against
SIZES. 600 in 1913.
Foreign exchange was strong. again
touching the high figures which mako
,n record Tor oe eev zen years. An engage
to Paris was announced.
Reports from Pittsburgh of a strike
involving 1000 employees Of the West
lie an
Sp"nsibie Tor point drop in the
abroad reflect; the ressimism that still
EXISTS IN London and Paris. Arbitrare
dealers were sellers of 5000 shares
Preliminary estimate is that the banks
VIII gain about $2.oco 600 on the weeks
currency movement. CAN money
urrobped TO ~. and time funds were
shaded q quarter per cent Crop adj
vices continue favorable.
For April Great Northern gross earn
, 90 o "efFy W $"l i"co and net S?ao,
ANA $4,000 not. The Nircinian Railway
increased gross S9o.0c0. Imports Of
urX goods for the week were $3.Sa3.
Sl,'V2Uoo last year. Some material
tor speculative activity should he
aou .ioyd IN meMi week. news. There is
lions, IN" Copper Producers Associa-
,rn., !.pot' ON copper supplies. the steel
,h "S' = SSIntemeni of untitled orders,
.,Il
i ,h cars and lastly the probability that
m interstate Commerce Commission
ma! report on Eastern freight rates.
New York. June AN undercurrcn. os
strength Whs perceptIblc through to-dn,,'s
Ils''as trading stocks Foreign !nuucnrr
wa uniavorablc. and IL WAS chiefly on mis-
recount THAT the early market here was
inclined To .drooD. London reported rolling
thcfc ny the Continent and in turn NM
our !pu" shares here. Traders took lIitIo
interest III the dealings and the market
Wa gHlet all day
~, Evidence OF underlying nrmness lay In
ne strength of various s'pscialtieS such MS
ne icrt!!!IcrS. the local trnctions and WelIs-
ipff". which gained one To three polnts
Wtos'nEnonse Wh> the one weak spot. For:
o.Eh cNch"nEe rates were strong. Demand
sterlng touched sissM, tho high record
,Gr a long period: time money rates. never
the!.ss. We're lower.
In bonds !rregula!ity prevailed with 5,s
ui'V, Wchkn"SS az times In the Rock Island
itnINI"hn issues. Local traction bonds ruled
vohtcrubls mortgages. United States bonds
New York. June 5.-Call money steady:
'2H-' ruling rate. N: closing. li.Wla4 Time
- S.N months =. Mercantile papcr "a.
sterling exchange firm: s!Stv DAYS $; SsI5:
demand. $i.>S73. Commercial hll> 81 ga,
hhr silver. HiS.. MeNcan dollars 4Si. Gov
eminent bonds steady. Railroad bonds ir-
ItVu.ar.