Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-15
sPEC|ALT|Es STRONG
STOCK MARKET FEATURE
STANDARD Railroads and lndustrialS
Are Heavy, Declining From
Fraction to n Point.
AMERICAN LOCOMOTIVE STEADY
Reported Company Has Secured Con-
tract for 100 Engines From Russia.
Quicksilver Breaks Into Limclight
With Heavy Sales.
NY nItoADAN NALL.

NEW YORK. June l4.-Spccialtics
stock market, Which contras,ed with
the heaviness of the standard railroads
and industrials which declined from a
the specialties was in most cases due
indirectly TO war orders. while the ease
OF the standnrd issues resulted from
AZ the opening the market was
steady with most issues showing frac-
tional gains. The execution of out of
town buying orders that came in over
sunday resulted in a subsequent rally.
but stocks We're literally supplied. with
the result that before the end of the
moinins session most OF the gains had
been wiped out and small Fractional
losses established
During the noon hour and up To .
o'clock the market did little except for
u sharp rise in American Can To s. SIS.
the highest price in its history. shortly
offerings OF the standard shares. TO
Eether with short sales by the room
clement. depressed prices from to ,
points TO the lowest level of the day.
In the last half hour there was slight
rally. and the list closed steady.
During the break American Locomo-
tive held steady. owing to announce
ment that the company had secured an
order from Russia for the construction
of 100 locomotives.
Quicksilver broke into the limelight
with heavy sales and an advance in
price OF nearly 100 per cent compared
advanced from ! 1-2, the low point. for
the session, to 3. while the preferred
went from IS TO >, is. Advance of
ness OF the company. The property of
this company Is now operated under a
lease by the Quicksilver Investment
Company, the latter paving 90 per cent
OF Its earnings to the Quicksilver Min
ing COMPANY. An officer OF the COM
pany said to-day that the price of
quicksilver has advanced to SS5 flask.
rs against about S35 a flask last sum
mcr before the outbreak of the war.
The company's business has also In
creased materially because the supply
OF quicksilver in Europe has been
commandeered. thus leaving the Quick
silver Mining Company In q position to
Owing TO the recent reorganization
under which common stockholders of
the Quicksilver Mining Company paid
an assessment OF sl50 share. and
the preferred SO n share. the company
is we'll supplied with working capital
at time when the demand for its
product has increased matcrially
Notwithstanding that company is in
recetvership. United states Reduction
sational advance. rising from Is. Sat
urday's close. to 10 "a Subsequently
1t reacted l-2 points.
Iackawanna Steel Company stocks
and bonds were strong. owing to the
heavy foreign orders being received by
the company.
Russia.
conservative interests said the sup
plying OF stocks to-day seemed to be
with the consent of the large banking
interests and that the recession was
healthy, rs II improved the technical
position OF the market
NEW YORK, June flow priced spe.
cialites IN which public support has at no
time been keen were tho features OF to-
days market With the exception of United
the background. even the erstwhiio "war
contract Issues being relatively heavy.
some shares were up 10 10 points on the
increased foreign demands. Coppcrs were
refined metal a, coi@c for domestic CON
tracts. with the new high price OF Sc
fo- lead.
Railroad stocks wore variable when not
heavy American Can sold at the new
sharp recessions occurred In the last
hour Tho one exception was the so.called
Virginia debt" certificates which roae
from 81. Its price early in the month to
Z! on announcement that the United States
cation between Virginia and West Vir-
Einia In favor OF the former
That the foreign exchange situation il
nfa:n acute WAS seen in tho decline or
sterling TO H17lH. new low record for
these remittances TO London.
Bonds we're firm, but without special
feature United states bonds Unchanged on
call
NEW YORK. June H.-Mcrcnn,ile paper,
"'eQs> sterling sixty day bills H.7i5o: for
Yer. 1884. Mexican dollars. S9i.. Govern
nent bonds, steady: railroad bonds firm
Time loans, weak sixty day bills o.; nine
~ days %: s!f'1ionihi l. SaSi. call money.
steady; ruling" r1se.- :.