Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-26
QUIET CONFIDENCE BACK
OF DULL STOCK MARKET
Improving Trade Reports and Squirt
In War Orders Furnish Bull.
iSh Background.
BULK OF ORDERS IN FORENOON
Anticipated Heavy Selling From Lon
don Fails to Materialize-Aftcr-
noon Trading Dull for While, hut
Picks Up Toward Last Hour.
n, HKoADAN WALL.

NEW YORK. June 25.-Quiet conf
dence underlay to-day's somewhat dull
stock market. Berlin cables purpUrt-
ing 10 forecast with some accuracy the
tmportant provisions and tenor of the
forthcoming German reply led the pub
lie to hesitate before extending or
curtailinC commitments
Improving trade reports. better bank
"learings and another squirt i'll war
orders furnished n bullish back ground.
The anticipated heavy selling from
LondCn. which has featured trading
iin> rhero was little business for Lon
don account at the opening owing part
~ 10 an Interruption in cable service,
iesSHmsd tension iI,; and Gsrm''en fair
Roads already in rcceivership or in
process of reimbursement. We're the eN.
cepuon. Denver and Katy, preferred
opened down two points each from ;hc
previous close. Missouri Pacific and
Rock Island were also weak.
Dealings in the forenoon constitut ed
tho bulk OF the days business.
Ey noon the low priced rails showed
small rccovcrics United States Rub
her. which is commanding quite a
quantity of unwholesome attention af-
ter selling down TO new low, - IS.
recovered on short covering and pro
fesss'onai huyins to -, closing At -
time, picking up somewhat toward
the last hour with war issues the fea-
ture
When Missouri Pacific. which was
the third most active issue on the
board. fell TO rs. at which level it
closed. II was within one and i've
its history. Although $23.ooo.0oO is
expected from the sale of new pre-
fc~rcd stock and junior bonds arc to be
scaled 10 reduce fixed charges. ii Is the
belief in some quarters that receiver
ship finally is not an mprobabli;y.
Chicago. Rock Island and Pacific came
within half Il point OF its bottom price.
Efforts to elicit any sort Of clari-
fvinc statement from President Colt.
OF the United states Rubber Company.
III :hc common stock met with 70 sue
cess. Although usually counting nuh-
licitv the company confines itself to
the b1re announcement that no news
due ncN; month will I've forthcoming
uniil the directors have met on Thurs
d:,r next tn executive COMMITTEES
will, prepare it's conclusions on We'd
As = ea,nrlc Of the criticism that is
--cirG tho rounds. the following will
the real insiders arc said to have adj
viscd tho pseudo insiders urom whom
the public ontrincd I'll hullish tips) To
20, aboard" fnr a rise. This means,
that even tho friends Of the real insti-
irators ~ tho move were. III stock mar
ket psrlancs. double crossed TO,
was said to he good huyinc appeared.
NEW. YORK June 25-s,ocRs were loss
comfort FOR foreign advices :" ~" effect
'h~t NO Forthcoming German not" VIII L"
= long way toward meeting tn" An'"ricHn
-nN"rN'ncrt's wishes regarding GcrmaNy'S
conduct " submarine warfare
S""cihc movements !" tn" stock r""rk"i
includ"l addittoral heavy. sales - tinted
SrH'Hs Ruhh., Al further Deceive ~
uointS a toirl of :. points since TUESDAY.
later the stock rallied fcehly. hut became
inactive tho recovery.
Tho Southwestern crCup "t r1i'wHvi.
which embraces Missouri Tactic. Rock Is
land Kansas ami Texas. dcv",oned sudd"n,
weakness on turi"rs affecting their hna"cial
rohs bilitatior with urfav"rahlc crop nows.
We, sprcIalies were strong i'm tho carly
laalinrS rriccs. a. whole, wav"rcd at
tho close
iaavv foreign selling OF high class hords
with Weakness ~ the so-callc'i. Gould is
r"s. featured the dealings IN houls Total
-nlos. pai value, aggregated 500 0ol
Luit-h states bonds UNCHANGED on call.
KEW YORK Juno Mercantile paror.
1865, Sterling. siNty.day hills. Si!$m for
demand. 50 77-C. for cables. si.1s'n BAR sill
ver ~. Mexican dollars. 2;ig Government
bonds. ';teadv. railroads hcrds harvv Time
loaus steady: sixty dgvs, .t."eH, ninety dpvs
9'aGc'. siN months call mou"y, steady
nigh. 81: low. ~ ruling rate" "a, last
loan. ~ closing hid. ~, offered a, -,