The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-18
DECLINES PREDOMINANT
IN DEALINGS IN STOCKS
Local Sentiment Pcssimistic ut Omen.
ing and Drive Made Against
Prices.
MEXICAN NEWS DISTURBING
MI Sorts Of Wild Gucsses Regarding
Freight Rate Decision Current i'm
Financial District-BOndS Easier.
Increased Offerings Reported.
MEXICAN NEWS Isl DISTURBING
by BROtDAS WALL.

~ u.
New York. .Iune l;.-Stocks were under
pressure to-day and declines prcdomina,cd.
cans were above parity. local sentimcn, was
ressimistic AZ the opening and drive
centre OF the hrst attack. Traders forced
tho price from Gii. 10 81. where unexpected
For the first time In some two months foreign
houses took !Vp@o shares. and covering by
,ttders carried the closing figure to 6ii..
but in ;hc main good.
Unexpected weakness developed In West
orn Union with a drop from 10 to 5S%. The
selling looked like pool liquidation. Mis-
souri, Pacific was heavy. failing 10 IL Not
The stockholders in this company and moth
'lF short Of drastic reorganization will
Mexican news trightens stockholders in
Ameriean Shelters ana Mexican Petroleum.
The former dropped two points and the
latter three. These companies have alter
nately paid tribute to IIuerta ana Carranaa.
and now Villa demands his share. The out
Copper shares were heavy. Labor dis
,urhances In the Butte district promise a
rcpe,ttion OF the Lake troubles. With the
metal unsa Liable at l4c a pound II would
seem 10 be a poor time TO insis, on higher
a ,.,, chicago report that Western railway
of refusal to increase wages brought sharp
cling IN the llill stocks. Great Norther,
Dropped TO ii0 countcractins the cheerful "qG
N'ewS eNpTcssed by James ]. Hill regarding
The market IN Union Pacific wac thin and
h3rt,y steady, Outlet selling in Roadins.
,i ma mas continued for weeks past. shaded
Bonds We're easier Brokers report in
creased offerings of convertible and spccu-
alive issues. with Il smaller demand for tho
higher grade Of Investments
StsriinE exchange broke twenty points. and
no Sp.u engagements We're announced
stcuri,X markets abroad were quiet. with
u souaWhat iirmcr undertonc.
Crop reports from the West rerc hIpbly
iAy@ra,n.e. ana the -Eovcrnment's report on
asI!Snliural eNports in May made a good
=, cal money renewed at per cent. and time
iund. were shade higher. Banks have
siHo -, ne government since Friday some
Railroad earnings show no Improvement
nrSt week In June decreased s6c.oN9 gross
ana Canadian raciticA for the second week
Al sorts OF wild gucsses regarding the
ireitht rate decision are current in tlie
new WI ne disappointing. However. mod
GTHiS ne incrGase I! should stimulate
iuN"iaple effect mas not been discounted
D!sGnssi3ns of business cannot destroy the
strain the common sense OF the American
ptop!e' or discount the advantages of easy
New York. June 1.-THE drift, of stock
quotations to-day was downward. Tho SELL
ING movement, was small In volume, and
While there We're occasional losses OF size.
oi HE market during the las, two days In
N,"ted t1H; professional! traders were in
tlHcd 1" lac short side. hut there their
"perhi i"ns i"!,ed To induce liquidation
beaflsh sentiment was promoted by dis
,Hfo!nE reporis regarding the Mexican situa-
'ioh - s!ml!a: effect WAS the May stale
ineri o. domestic exports. The figures wcr.
s'ls~'"'o as compared with $66.Sii0t0 a year
London was moro cheerful. largely on ac-
count Z" the improved political outlook in
sancT' American stocks We're higher
I"Foad. forelEn representatives bought here
London taking about 5.@t shares
lng sharply Toy "a time. Its weakness Was
aSrfle'G 70 the fact that the syndicate
Whleh TOOK ever the American Telephone
niS9,.SH!nes OF Western Union. amounting to
s-i','.'N expires on lame ~ Prtroicu,n
stocks We're especially heavy. OF the rail-
To-q stock. the Hi! issues and MissSur,
i'!ciH. were most susceptible To presSur.
hohuS we're under slight pressure. Unite!
Sl"tca bonds we're unchanged on call
New York. juno iG.-,-nll money o,,n.
80. ruling rate. .; closing p.liiE. ri,ne
loans easier: sixty days, ~. Ninety DAYS
2..h@-; s!X months. "a. Mercantile pancT
30 Sterling, EXCHANGE easy: sixty day
siscH; demand. SSSSt. toriinerciul Mi x
sass. Bar silver, s;i.. Mexican doi!urS !,
Government bonds steady Railroad bond,