Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-25
CLOSING PRICES IN MANY
INSTANCES AT LOWEST
Any Support Impaired Based on
General Soundness of Con-
ditionS and Prospects.
FRISCO ISSUES SHOW GAIN
Further Liquidation Expected To-Day
and for Two or Three Days tn
Come-What Competent Observers
Think of Situation.
ny BuoAnAN WALL.

NEW YORK. June 24-Cnitcd states
Rubber, common. and Canadian Pacific
broke sharply in to-day's stock mar
ket. the former falling points. The
movement in these issues sufficiently
explains the factors at work. After
opening off a half-poin;. Rubber de
seconded on heavy trading and dragged
along the res, OF the list, Canadian 8
decline to the lowest since 1905 typifed
selling here for london. War news
and the German reply had little inilu-
encc. while amy support impaired was
based on the general soumhncss OF con-
dinons and prospects.
The opening. although fractionally
lower. gave no indication Of the gem
cral weakness 10 follow. Closing
prices in many cases were ~ the low
The three Frisco issues showed gains.
being almost alone in their glory Cou
rons OF Frisco due July have again
Company for The protective committees
account About 90 p"r cen, of the
bonds have been deposited
London was the heaviest seller here
in months Dealings were continued
from, the opening TO the close. sales.
cipally in steel, Canadian Pacific. At
Gibson Union. Erie, Baltimore and
Ohio preferred and other investment
Further liquidation is expected to-
morrow and for two three more days
TO come. - Al offerings were we'll alb
substantial. which tended to scale down
prices, n performance which promises
20 continue until Britain has slutted
her investors with the new government
Offering.
viii the next upward movement DO
IN the standard issues and rails or in
the industrial and war issues?
Is n decline necessary TO nut the mar
ket In q condition 10 withstand an UNI
iavorable German reply to the last
Here's what n halr-dozen competent
observers canvassed by the writer
one and two favor the industrials.
principally the war issues
Three. standard issues, rails cspe-
Four rails
Five. entire list.
SIX. no opinion.
! says decline is necessary No ..
Is hullish on the markets position and.
furthermore. doesn't think Germany
face No 5 asserts the market is
sound; that tho German reply is no
Longer factor. among the intcrnation-
al houses. as i IS taken for granted
IT VIII be conciliatory. No A. that tn.
market is not vulnerable 10 any bad
slump slump NO Z that the market Is tech
pad news No. Z. that the German re-
ply has no. yet been eliminated as an
ton is stu necessary.
And there YOU are.
NEW YORK. Juno 2i-Unmistakable signs
OF l'9Midaiion' mainly for foreign interests.
WIS the conspicuous feature of to-dnv's
weak stock naricI The decline wss ,o-
eeierated BY short selling which derived It's
chief impulse from feeling OF unca.,ness
respecting devclopmenis Europe The
movement began at the outset and gathered
great force with the progress OF tho se,-
ZION; There being at best only limitations OF
Canadian Pacific and United States Steel
were persst"nt!y Sold offerings OF tho Tor
5 snd 6 e"m!ns IRON vartor. quarters. foreign
issue. "a any
Reading was the only other I.,sor 70
manif"st weakness. but coppers and some NJ
ING war shares broke two to three points
:, t Foreign selling again Contributed to tn.
tnios M, lone . o. me 70 .a bond market. Total
United States bonds unchanged on call. |
q, sM YORK Ipnc 2,-"ercantile paper. |
$3.50. sterling. sixty bills. s. ~: 10, !
1 NiI, A'fM; cables; s.7'4o. Bar silver. Az
" MsEtSan cellars S.'; Government bonds.
h 1Ies,E sissN and ninety days. 2!a.%: SIX