The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-06-13
INCREASINGLY STRONG
STOCK MARKET VERDICT.
HELPED BIZ DEVELOPMENTS
Presidents New Note TO Germany
Cleared International Atmosphere
and Indicated Peacablc Adjustment
Of Differences.

New York, June 1.-THE market
opened higher all around today. and
Tor a time there was a resumption
of the upward movement. At the
close the ground gained was not great,
except in special stocks and groups
of stocks. Nevertheless. 1t was the gem
eral comment that the market had
given an excellent account of itself.
A smashing advance of three points
in American Can on very low trad
Ing was the feature OF the session,
but there were also sensational move
ments In Federal Mining and Smelt-
ing stock, and several other shares
Of metal-producing companies There
was no particular news during the
day with q stock market influence,
the advance being due apparently to
q natural broadening out of the spec
ulative spirit, which has been re-
pressed by the tension over the in
transitional situation.
Today's stock market session rounded
out o week in which q rather convtnc-
ing exhibition was given Of the strong
position Of the share list. the degree OF
comparable invsyinerability which had
been established by the tests of the
last ten months to shocks and strains,
and the trend Of quoted values to re-
spond to the accommodating factors
Of Improvement by breaking through
The restraints Of uncertainty regarding
eur national relations with Germany.
Helped by Developments.
wall Street was helped i'm this re-
apect by favorable developments.
which go to make values. and by the
construction placed on Bryan's sur
render OF his post In the administra-
ton. and on President Wilson'S new
note to the German imperial gov
eminent. After the middle of the
week feeling grew hopeful that Ger
many would meet the temperate de-
mands Of this country In satismac-
tory manner. though ii was recognized
that only conjecture could be relied
on In this direction. and that there
was no very substantial basis for pre-
dieting that Germany's action would
Be guided by anything except an nn-
reasonable Interpretation of military
necessity. Both sentiment and fact
were reflected stock marketwfse In a
more confident and broader buying for
the rise. and q more aggressive alb
eorption of sales on advances than
since the early part OF last month
General News Encouraging.
Most OF the general budget OF mar
ketwtse snews during the week was
highly encouraging. Or prime I'M
portance was the Government crop
reports as of june /. the chief fea-
ture Of which was an indicated total
wheat yield of s60.000.00o bushels.
or o,0oe. 900 bushels more than the
indications at rhe same time last
year. incidentally, the weather since
the beginning OF the month has been
prevailing propitious for agricultural
positions and activities.
All the financial factors Of en-
sccuragment were emphasized by the
persistent arrival OF large consiRn-
menfs OF grid from Ottawa. Every
day recorded the receipt OF more gold,
ana our national resources are fast
becoming ample enough TO bear the
burden which any unfortunate con-
fingency may force upon us.
: Meanwhile. the placing OF war
contracts with our manufacturers and
merchants Is being conducted on an
expanding scale. More and more in
austrial equipment Is coming into
operation, and the extraordinary
strength OF prices in the metal mar
ket gensraaly Ia providing tremen-
deus stimuius to basic enterprise. In
dussrial activity IL Enthusiastically in-
crsasing. and this Is something to