Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-15
RLNG EXCHANGE DECLINED TO DESPITE MORE IMPORTS
nADTNG CENTRED
IN THE SPECTALTTES
.r Shares Were Strong
1'5. '55..ots-Trade Balance for
week $14,256,2O7.

voRR. June l5.-Aslde from
N a few Of the industrial spe-
", or "war stocks and hrmness
..roer group, today's market was
ways than one n repetition OF
ntsss The opening was moderately
-ith price changes mostly upward.
i,mand after the hrst IeW minutes
Iti smaller and traders, who had
ftlps.,, an the decline late yesterday,
f1 ~ sorear to be In any hurry to
* n.ts commitments. Customers In
'.,on houses, too, showed little in
10 take on commitments.
sa'ug ,ssues. such as the big rail-
'.riinued to lag, and before noon
" vere mostly down.
.ngh the decislon of the United
a,,nreme Court, which came out
,be close yesterday refusing to re-
ma National Cash Register criminal
the Government being regarded
artually n body blow to the Sherman
N.,a.,st law. produced good effect on
,-snt. IL had no immediate bearing
". General market, with the excsp-
"a American Can, against which a
.sscosnt antitrust suit is now pend
That stock moved up over a point,
N later receded.
,,,und midday the coppers were about
.riy strong spots. They reflected the
IA nriee for the metal, the quotation
tsinr 2Oh cents for domestic de-
u, With the demand very large
s.giy the feature of the early session
Z, WsstInEhouse Electric, which ad-
.s,,d nearly 4 points. Buying Of this
.,ek was very heavy
,,ssl common moved In an irregular
+ ANTON. with price changes small either
Z ~ down. There we're rumors of a
s .,-dpr strike at the plants OF the cor
..,ation, but all In all the Street did
4, nlacs much credence in the reports.
d he other hand there were reports
", ia Steel Corporation contemplates
a adyance in steel prices in the near
h,are Judge Gary refused to either af-
IN or deny the rumors.
7I,dinE fell of In the afternoon ses-
~ with pressure against the railroad
a,r,s particularly Reading, which at
& =, limo was down over two points. Chi
ia and Northwestern dropped two
sSnts Selling of a realizing nature was
I'M, general, Westinghouse declined
& I'm the high but was still strong. Vir-
esHy all OF the trading centred in the
4 s,.altles. The market was generally
3 sak at the close.
lrother shipment Of gold was received
4 a1m Ianhua loday, tno amount being
8 tsac0. making s5,OOO.OOO in two days.
s ne brings the total imports of the yell
s ts metal up to $tO5,5oO,OO0 from all
4 rlicss since the first of the year. This
pigment did not have the effect of
q RmTihenlng the foreign exchange mar
& ia and instead demand sterling made
luther new low record of A.77 7-l6. while
arts sank to $476S, also a new low
nrid.
IAa extreme weakness In demand ster-
hI nsed the question OF the establish
nat Of large credits here. which have
htn talked Of from time to time. Fur
hH Imports of gold will be made, 1t Is
aaaestood. but up to now imports OF the
rsll have had no strengthening effect
ihs amount OF gold remaining in Ottawa
+ rhirh can be utilized for export TO this
4 Haatgy by Great Britain is understood
8 h between s25,OOO,OOO and $50, 200 600
. Iiii there is no opportunity to strength
E ioFelgn exchange by equalizlng trade
5 B Ne European countries at the present
iza vas again shown today by our con-
E nrlly Increasing trade balance, the
Eount in favor of the United States
~ week being S1i,256,2O7. Prospects are
Aii he amount for the fiscal year will
g billion,