Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-16
DAY IN STOCK MARKET
MARKED BY HES|TANCY
Standard Rails and Intlustrials Close
With Fractional Net
Losses.
STRONG TONE AT OPENING
Toward Noon Room Traders Offer
Stocks, Reading Being Favorite.
1,ethargy in Bond Market Caused
by Investment Bankers.
ny RKOAnAN MALL

NEW YORK. June i5.-Hesttancy and un-
certainty again dominated the stock mar
kct to-day, standard rails and indus,r,als
closing with fractional net losses
A, the opening there was strong tone
minutes OF tho session advancing three
ports that tho corporation intended to raise
prices but judge Gary would not confirm
strong. owing to tho continued demand for
Toward noon. the room traders offered
stocks Reading being their favorItc. Their
offerings caused drop In that issue OF two
prices Toy the bainnc" 81 the hs;, Toward
the eesinnine of thc last hcur feeble
the close being around the low prices ="
Tar as the standard issues were concerned
uncertainty OF prices is attributed 10 ru-
,nofs that the decision 81 the Interstate
rates charged OF coal, is expected TO be
untavorahie 70 In. road coal interests how
hurt them as they hay" written INFO CON
tracts With the producers q clause which
Rumors that EnrisnG and France con.
;enplated sending their American securities
for credit in leu of the rapidly diminishing
supply OF British gold held 1t Ottawa are
rle 10 hold aloof in tho belief that such an
arrangement viii result in lower prices. 4;
yesterday that local bankers are discussing
n prospective loan 70 France. but the mat
Ter mas not reache0 the stage where any
approximate figure. can be given American
securities held by the French Will be banked
IN return for this credit, pledged as col
la tcral for the loan.
Investment bankers caused lethargy In
the bond market with very little prospect
NEW YORK. June ,6-ln its broader and
more substantial aspects. to-dsys further
depreciation IN foreign exchange with
low records between this center and London
and Paris, outweighed all other financial de-
Nolopmcnts. Demand sterling declined TO
siIsAs against tho previous low record OF
si77i.. and French checks. or demand bills
ON Paris. sole at 54S SIS. a break Of "a.
from the previous record. Other Cont.
mental exchange, with the cole exception OF
.,inetcrdam. was weak Establishment OF
these records Is the moro anomalous froin
the fact that anothe: consignment OF s. 500
90 gold was received from Canada. and an
additional $4,000 ct the metal was ACQUIRED
at Tokyo Tor immediate shipment to this
country.
stocks moved com,rarily throughou, tho
session war shares making further gains.
railway division. were irregular. when not
heavy. Westinghouse Electric was tho
!enGer from start 10 finish. with a maxi
mum gain OF four points. Others in the
but lost ground In the later dealings
Bond market irregular with weakness In
some ~ the convertible copper issues.
LothI saies pa! N"!Uc, aggregated S7,0l2.NH.
United states bonds unchanged on call.
2i7Gss.. Sterling. sixty-day bilis si'7i: de.
Inand. A.7S1; cables san. Bar silver, ;gi.
Mexican dollars; $50. Government bonds
steady; railroad bonds, Irregular Time
days; 2,aQss: six months, SGSi.. Cali money.
steady, ruling rate, Is.