Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-10
.BRYAN's RESIGNATION
FELT IN STOCK MARKET
His Retirement From Cabinet Leafs
Spectators TO Believe War
Is Imminent.
NEARLY ALL STOCKS WEAK
War Issues Greatest Ioscrs-Bank-
ers of Opinion That big business
Should Profit by Prcmicr's Action.
Selling Pressure Renewed.
ny pno,D,N WALL.

NEW YORK June 9.-The resignation
of William Jennings BRYAN rs Sccre-
tary OF State created the belief among
investors and spectators to-day that
President Wilson'S note would result
practically all stocks. the war issues
showing the largest losses.
Although bankers in general would
unanimous in believing that the rcstc-
nation should have favorable infu
ence on the. stock market as Mr.. Bryan
was considered ono Of the greatest
enemies TO big business
Notwithstanding this. the market
opened weak, with losses OF from one
10 five points war stocks showing the
maximum declines The lower quota
lions induced purchases, ana prices adj
vanced Slightly. and by tho end of the
tial recovery. with q good demand from
commis sion- houses for the standard
II was uotiCea hlc that tho supply Of
shares on the break was small. and
reported inability to fiji orders for
cash
From the end Of the first hour to
midday trading was quiet. and price
fnctuations were not IN any decided
direction Around o'clock. however.
the selline pressure was. renewed. with
hut slight and short rallies mp to the
close Final quotations were near The
other standard railroads. but this was
due 10 statement by its counsel that
It's oil suits were badly garbled The
facts arc the company's demurrer was
overrulcd and that tho case will now
come TO trial in the Federal District
Court in Los Angeles.
As the SPECTATORS were the first to
get scared n Bryan's RESIGNATION, the
war stocks. in which speculation Is most
active. naturally suffered the most At
one time Bethlehem Steel showed loss
OF more than three points. but subse-
auently recovered all the loss and sold
~ a new hiCh price OF les on rumors
that interests representing tho German
e0yernmsn ,a Were r TXtnF to buy co The
not be confirmed Studehakcr in the
early dealings lost nearly five points,
Electric lost one and half points bat
at one time was more than n point over
Tuesdays closing.
Not withstanding tho continued i'm
provcmcnt In tho copper metal business
and the establishment late Tuesday
afternoon OF 90 cents n pound for cleo
amount of business done NJ that figure.
the copper shares were lower under
leadership OF AmalCamatcd. which lost
TWO points and closed around the bot
tom.
Tips to buy Missouri Pacific were
freely circulated, and the issue was
once nearly one point over tn" fnal
Directors will next week begin active
discussion Of the rcadtustmcnt plan
NEW YORK. June a-,Because of It's IL
rec; bearing upon nm already tense inter
nation superseded nil other considerations
and developments In Wall Street today.
measured n terms Of quoted values 1t ere
ated distinct. II not profound Impression.
prices declining substantially in all part OF
tho list.
Among tho few s,ocks calling for specific
mention were bethlehem steel. which
tanned 10 a new high price OF its tho
carly rebound. but Welded later In com
mon with other spccialtcs. Coppers were
inclined - recent gains establishment OF
the new high price or 20 cents for the re-
fined metal and another advance in by
products. md United states Alcohol was
prominent among minor industrials on con-
Nrr1tton Of tho entrance cr and pow.
erful interests into tho DECORATE.
Another importation OF gold from Canada
coinc!dcnt with tho release Of more gold BY
the Bank 81 England constituted tho fcn-
lures Of tho foreign exchange markets.
Bonds Irregular, prices shading after m
value aggregated S2!02r0o
United states bonds unchanged on call.
NEW YORK. June a--Mcrcan,ie pa7er.
Si=Gi Sterling, sixty day bills. 5; $3.50: for
demand $3.50: for cables. si7e Bar s!lver
+ais Mexican dollars 90. Government bonds
steady. Railroad bonds. irregular Time
loans. stead; sixty days. 2H@2':: ninety
days. 2.T?'.: SIX months, 81. Call money
H.