Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-07-09
NEW HAVEN WEAK;
COAL PRODUCTS UP
,,;ssouri Pacific at New Low.
ranks Lost $23,562,O00 on
Currency Operations.

-, voR1<. July 9.-Operatlons on the
Nb"s.bonge today we're much the
Ho0A y those Of yesterday. There was a
s me 80 .,,,,yard spurt IN the first few min
fheip ,rsdipe and good advances We're
[ IN many parts of the list but
shoWh iynportnnt issues were sup
numpei concessions and I'm not few
pheu ~ initial gains were soon wiped
sloens more besides. Much nervousness
ou' a.S s.,oved at the start by the safe
-, ~ the Adriatic at Liverpool, and
ai's.,,h tho favorable Government crop
tnls' was used to boost prices In the
IepV dealings, but the continued un-
e.ts,nty over the German reply Whioh
y soo on its way and the peleI that II
s.ui be generally uniaVorau,e "i'"e iO'
VIII l,,sr and buyers hesitated.
s..,use of the good crop report, indi-
.3iaS record yield OF wheat the ran
catns sshares we're in good demand during
roau p. nart of the session. but pressure
nc hss sssIoared against several members
seon se,,s rom and sagging tendency de-
oi w New Haven, against which the
w, ~ oOo restitution suit was dismissed
Nn,,or Yesterday, was very weak
~ - losing nve points in the hrst two
,s,, trading. and this resulted In unset
,Isr,ent Although foreign iquiuatlon
Waved some part IN tne pressure oi, ,le Ine
playe pdi. Il was not as heavy as It was earlier
in the week ,,,--.,
os.tro which sold at 3, of a half, while
,,,s.a,,r, kansas and Texas fell frac-
~, .t,ro 81. Paul also weakened off.
s,s., ,,os firm. The trade is looking UP
S ,riCss are getting better 1t 10 ex-
s,o5 s that the monthly tonnage state
art for June, due tomorrow, Will show
~ incrsase. estimated by some at 200,
Soa IONS and upward. The optimistic
.rascb Of Judge Gray last night, in San
Frsncisco in which he predicted an un-
evpeoted quick ending of the European
war and that peace would bring about
unnrecedented prosperity for this coun-
IN. had n favorable effect,
American Coal Products made another
sensational upward leap, gaining 10 points
before noon.
Improvement was shown after mid
day While there was continued weak
meas in a few issues, the general trend
seemed to be toward betterment, which
ras led by some of the standard rail
road shares New Haven and Rock
Island which had dropped before noon,
eanie back slightly Before the close how
ever. another batch OF selling orders APP
peared. driving prices to the low of the
day, the market ending weak.
Payment OF income and corporation
taxes this week was largely responsible
FOR net loss of S23, 900 by New York
hanks on currency operations. From
the interior the banks received 81, ,632, 900,
ana they shipped 81, ,7S5, 900 to the Interior
which included S9GSOOO national bank
notes sent to Washington for redemp-
ton, and s3OO,COO transferred through the
subtreasury to New Orleans. The gain
from the interior was Si,Si7,OO0. Gold i'm
ports were $l,679OOO from Canada. Or
dlnary disbursements by the Subtreasury
we're Sl2. .4S6OOO. Payments by banks for
customs, internal revenue taxes, etc,
totaled s39,574,0O0, showing loss on Sub
treasury operations proper of s27,OSS 0OO
This made a net loss by banks Of S23,7
562, 900