Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-23
EXTENT Or OPERATIONS
|Nv|s|BLY CONTROLLED
Stock Market Affected by Forth.
coming Reply of Germany to
Wilson'S Inst Note.
DAYS ACTIVITY MODERATE
Dealings Heaviest in Opening and
Closing Hours-Steel Moves With
in One Point Range-Brokerage
Houses Call Situation Hopeful.
ny BRoADAN WALL.

NEW YORK. June 22.-What Ger
many Will say in reply to President
Wilson'S last note is invisibly control
ms the extent of operations on the
moderate. With dealings heaviest in
the opening and closing hours.
On the particularly favorable earn
mss statement for MAY submitted by
Baltimore and Ohio, Eastern rails en-
joycd advances.
the slightly lower opening levels.
American Can was the principal en-
ception. rising on good trading 10
as rs, or a little less than a point
under the recent high Canadian Pa
ciic, the weakest feature OF the day.
touched Is? is, or the lowest since
1905, or persistent belief that the pres
cnt dividend may he affected by cur
rent inadequate tariff. Baldwin Loco
motive and New York Central were ac-
tive and higher.
Steel moved within - l-pont price
range. Price variations were so mar
row in the afternoon that SCalperS We're
lief; in charge of dealings. Toward the
close, minute reccssions occurred on
realizing Interest shifted somewhat
from the war issues when Baltimore
and Ohio reported an increase OF s544,-
l66 in gross for May. the first this
year cut OF s72l,l2o in expenses
net gain of sl.265.2s6 stockholders In
cnned to doubt the roads ability to
meet the per cent dividend may
Danish their fears. a director told tho
writer. The stock closed up is
points on the news.
Pool activity was apparent in Pa
cifc Mails rise to 35 IA. the highest
level since 1910. while a small advance
in Central Leather was attributed to
the same source.
In spite of the mixed market. brok-
erage houses called it hopeful.
Although Missouri Pacific stock and
bondholders are waiting watchfully
and patiently. the directorate at a
meeting did not see AT TO end anxiety.
Hope OF an announcement OF the de-
tailed reimbursement plan this week is
held out however. The time for de-
posting the notes recently extended
has been heightened to June 80, depos-
its to date totalling s22,26o, 900.
Visions OF approaching record har-
vests were given substance by the
news that the first ton from the forth
coming hay crop was received to-day
from Oklahoma
II takes comparatively little time for
the present market TO shake off bad
news. Although the unfavorable
Lackawanna decision was announced
on Monday, Delaware and Lackawanna
sold to-day at 415 and then at AIS, up
points from the previous close.
Coppers with the exception of Ana
conda. which was fairly active on the
dividend announcement, were practi-
cally neglected. SO annual dividend
rate for Anaconda is talked Of. COM
pared with to-day's declaration OF 90
cents for the quarter.
NEW YORK. June 1.-THE most important
development OF the day was the announce
nent made toward the close OF the stock
market that arrangements had been com
pletcd for the building OF n French loan In
This country. backed by the Rothsohilds. AL
though definite details were lacking, the
news was of sufficient interest 10 bring about
"a general recovery OF quoted values from,
their early rrcgularity. leaving number
OF net gains. Foreign war conditions were
responsible for initial heaviness and con-
trary movements.
Coal stocks showed no, further effect OF
Supreme Court, That class OF railway is
sues designated trunk lines war strong.
presumably as result OF Baltimore and
Oh!o's statement OF earnings for May, which
disclosed a net increase OF Si.2+i0 900.
Coppers under intermittent pressure.
United States Steel was again the active
feature but It's range was narrow ana with
out material net change.
FirInness IN bonds, with reBo I'd
10 foreign offerings. United States registered
4s declined a per cent on call.