Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-07-01
PRICES FIRM, BUT SHOW
NO Definite TREND
Until Next Week Character Of Mar
ket Promises to Lead Nowhere
in Particular.
CRUcBLE STEEL is POPULAR
Issue Advances 13A on Sales Of $4,000
Shares - Merger Rumors Afloat.
Noon Hour Lull Is Most Pro-
nounccd in Weeks.
ny RRONDAN WALL,

NEW YORK. June So.-TrndinG on the
hey a,ss!aysa NC asan!'e ,rsnd. Un,, !,
promises. as was tho case to-day. to lead
nowhere in particular. unless some IMAM
should arise. traders hesitate to make en-
groachins. Although inc fraternity in Wall
Street evineed no irbil",ion a, the eN.
on ssaur" up shop for the
The day was given over to spcciaitcs. with
in activity. on sales of 5000 shares cha,
the range Seis between sos. and Sci. Msr
ser rumors are believed to account for the
lover on. heavy dealings. the impetus being
furnished by continued reports the concern
nouneed in weeks only $1,000 shares chang ling
on, the good position of the metal. wrile
railroad issues were notably steady.
liquidation for foreign account, the out,
STANDING feature. sales seller 20 aud so
down prices It is not on the stock Ex.
cnHnge. however. that the bulk Of l:uropsnn
transactions occur on the exchange: Large
Secs of HSre Ts. 99,e
learns that the current volume OF bond
te reeofd h the Absorption Sso
both by banking instruction and individuals.
This week the outside market for. bonds
not only Grmer' su, prices arc higher
count. only driblets appearing from the
Continent Remittanccs in connection with
ness there Is In foreign exchange. Loca!
international! nEms knew Of no extensive
ceptances here 20 ballast the exchange mar
het.
,.Tane was the third most active month on
the Stock Exchange this year. but com
With c dn ono year age S; stock trailing
Sc. 100000 larger.
back. To-day the common rcsained
more than a point. and earlier touched
b2. The company's executive commit
tee at a meeting concluded to recon-
mend to the directors tomorrow that
they declare the regular 1-2 per cent
due this month. 1t would be unusual
committees wishes. Close observers of
Rubber's recent pyrotechnics believe
bottom has been reached and that the
upward turn has come.
heavy and strong. The report that this
company with n liberal charter would
ger of group of steel companies was
revived. Behind the scheme is Henry
option ono on the the PenRnsylvania Raiiroad's
Company. These consist Of nearly 5000
ferred stock and more than S5.0oo,ooo OF
the S7,16S.o0o bonds. Rumors that the
Pennsylvania steel and the Cambria
for a year. Should such coalition
transpire the possibilities would be al
Turing.
Important banking houses look for
the next upward swing with the turn
of the fiscal year, and the pool or dtvi-
dend and interest monies seeking in
vestment and speculative channels to
appear in the standard issues with
stocks like Union Pacific. L. S. Steel and
ST. Paul leading.
NEW YORK. June 2o.-lncreased offerings
of American securities for foreign interests
and the uneasiness arising from further
weakness In all branches OF the foreign en-
change market provided the motives for
1o-day's Irregular and hating stock mar
fet. Eu!ope's persistent liquidation OF
American bonds has assumed such pronor-
lions as to form the topic of general dis
cussion. in banking circles Some high
losses OF TO almost points for the week.
Apart from these conditions. the stock
market lapstd into extreme dizziness. in
anticipation OF tho coming holidays.
few OF the better known railways, war sDe
cialities, coppers. petroleums and motor
spccialties made carly gains Of TO points.
some OF which later forfeited
riable concessions. Total sales, pur value.
aggregated SS1lo 600.
United States bonds unchanged call.
NEW YORK June so-Mercantile paper.
sd3k. Sterling. sixty bills. AZ: for
demand. S+..e Bar silver As. Mexican dol
lars 81. Time loans steady: sixty days
Cal! money. steady. Ruling rate. J!
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