New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-29
FINANCIAL RECORD
HERE AND ABROAD
Irregular Price Changes
in Quiet Day-EXchange
Rates Go Lower.

A market without definite trend that
transacted a diminishing amount OF
Business opened the week. Trading IN
the afternoon was light, the days turn
over being ;ho smallest since the Tues
3day after Memorial Day. and on the
Moor the proposal for an extra holiday
ION Saturday met general support.
'Specialtics provided a good part of the
.dealircs At the end o. the day prices
were irreGularly changed. with bonds
heavy. though selling for delayed de-
livery was a little less than IN last
;week
United States Rubber went more
than 3 points lower. hut recovered part
sof its loss before the close. Doubt OF
n dividend declaration at the coming
directors meeting IS generality as
PLAYED. though il is understood that
business is better than last year. when
recording 20 the annual report, per
tent was earned on the common stock.
In yesterdays market almost as many
shares Of Rubber were dealt in as OF
Steel. Goodrich was put higher on
active dealings and closed more than
4 points above United States Rubber.
Reading again led in volume Of bust
ness and advanced a point in the early
trading, but closed a shade lower on
the day. Canadian Pacific turned re-
dictionary again and lost nearly 2 points
after pronounced weakness in London.
The copper stocks were firm. AmalCa-
mated showing special strength. Stand
ard issues generally were a trife lower
al the end of the day. Rock Island
rcfunding Is went 10 a new low record,
"a L. n ~
was being argued in Chicago.
There was little of last weeks firm
ness apparent I'm the foreign exchange
market. Demand etcrling in the after
noon fell 10 new low level at i.76M
for a sovereign, and sight drafts on
Paris sold at the rate of SCI francs for
81. Cable rates were not so weak, as
there was some buying TO meet mid
wear settlements on the other side.
Purchases of exchange resulting from
sales Of our securities here were not
UP to expectations and arrangements
for meeting corporate disbursements
in Europe were, il is understood, ar
ranged for some time ago. Exchange
rates are running particularly unfa-
vorable to Paris London exchange in
Paris was much higher yesterday, and
further shipment of gold across the
Channel from the Bank Of France is
expected in London. No gold came to
this city from Canada during business
hours. but the Bank Of England an
nounced q sale Of 100000 in bars, and
its receipt here is looked for.
Money in this city was q little easier
than at the end Of last week. Lending
institutions are having difficulty in
maintaining rates on commercial paper,
and applications for time accommoda-
ton are light. Call loans were again
renewed at Il. per cent. Payment Of
Federal taxes. which should reach q
considerable amount the first three
days OF this week, has so far been
without influence or the money rates.
To-day's sale of corporate stock by
the City Of New York is looked forward
to with more than usual interest be-
cause OF the evidence that il will Of
fer Of the effect of the war on interest
rates here. On the curb the ffty-year
bonds were dealt in. when issued. at
around 1903. but bond dealers were in
clined TO consider this high price.
Within the last week there have been
offered for sale underlying issues such
as cone only infreouently 10 the mar
kct. an some liquidation in high class
investmeu. bonds is unquestionably I'M
der way.