Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-05
FLOOD OF BUYING ORDERS
FOR STEEL IN MARKET
of From To- IL Points
IS Mirror Effect of Courts Favor
able Decision.
WORST CONGESTION IN YEARS
3ig Gains in Several Companies Now
- Fighting Government Ownership.
Prices ut Close Lowest of Session,
but Most Issues Show Gains.
by RROlD,N WALL.

NEW YORK. June initial advances Of
= from TO points TO DAY mlrrored the
effect Of the favorable Steel decision or
spectators and investors. Tho fare mp.
:or such it proved TO he was the result:
OF tho simultaneous execution Of "A foot
OF bu,int orders from all parts OF the
country. The congestion was the worst
Witnessed In Yeats
~ Steel common and American Can were
tho most erratc 1T tho beginning of deal
inEs. 1000 shares Of the former changing
hands at from 60 20 81 the high price show
Ing an overnight gain Of -. points. Amer
lean Can. to tho amount o: 1000 shares.
went over tho floor at from :? TO ~ the
top p-ice representing gain ofNJf~ points
-oror yesterdays closing. CORN Products was
also In Grca; demand changing hands at
from i I" T.. The largest initial gain was
IN International Harvester oil New Jersey.
and amounted - II points An these com.
nanirs are fighting government suits.
following tho excited opcnnI heavy profit
lent stump in which Steel dropped points
from The high; American Can. points;
points I,,i.i! Trader haiped ,hN reaction by
nss ti.,,.,,o nn' short ines; There VS. cool
Of the frs, hour the leaders began creeping
ip again, b., never reached the top -
thSiished a. the opening. In the last hodrs
traders r"iii,G tho market. and as tho
em.tnG wave hid oNhnYs'.d itself prices
to. $ points Small losses we're also scat
larEely' In srccialties.
&C! coprSs shanes no, only shared IN the
owirs TO further strength in tho market
for the metal Important companies to-
a pound. which is an advance of &c Pre-.
dicuonS were ais" heard That the metal
before the ond Of nCN; Week il the pres pres.
ent demand continues
:. ,AmaiE"motct lcd tho c"rrcrs. ono
time showing gain o; -, points. Abnur
noint OF this however was lost in the
reaction oi iho last hour. Anaconda, In
nnIra,i"n, Chino and Utah also recorded ne,
pis,iilers acted hilariously advancing /,
points TO q, hut. after tho outburst. col
General, Electric entered the ranks Of
hal receive, /, $-5~56ro order for rifles ana
,nrtridrcs, on this The shares ros" points,
wv ,, an office OF the company late today
In, estn"n, Gnmhe', Fenortcd a better in
confidence created Icy tho st,c 'Ncsion.
Tho Wabash general REORGANIZATION COM
,s t,,in met and sE,sndSd nc ,ime for Dc
Junder III. concentration plan to July ,.
M"re i hI. 81 per o cen; ct III" rednndns
stock are not :" iurce.
Missouri Pacific norchotdcrs continue to
extension plan. deposits up TO tho clos.
OF business to-day being in cNco,s OF -,
Representatives OF tho 81; Louis ana san
Francisco security owners met to-day and
z:.,ion Nnich viii ,all ior an assessment,
IN excess Of 81 share. The pan is no:
really for publication.
N'W YORK. June i-Mcrcan,ilc paper.
* pyr cent Sierlms. sixty day bills.
,S.ir silver. i'Is. Mexican dollnrs 81 Tine
i nrt.n9s; easy, siNty days. "a ninety days.