Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-11
.BULL|sH DEMONSTRATION
IN THE STOCK MARKET
Opening Prices Show Strength and
Gain of From Fraction to
1os Points.
GO TO HIGH LEVEL AT CLOSE
American Can Is Leader OF Afternoon
Advance on Rumor That Govern
mcnts Suit Against Company Is
to BE Dropped.
ny BnoADAN WALL.

NEW YORK. June lO.-ENpcctaton
that the American note to Germany
would be firm but in such n friendly
tone that Germany would not take un-
favorable action unless II desired to
prec!pitatc conflict; placing of the
huge rail order by the Pennsylvania
s. Stem. an increased unified tonnage
of the steel Corporation for MAY. and
q fur thor advance In copper metal re-
suited i'm buillsh demonstration in
the stock market to-day.
Opening prices showed strength and
gain Of from q fraction to 5-N points,
The maximum rise being in Union Pa
Ci;ic. During the nrSt fifteen minutes
OF trading the advances wcr" enlarged
To ! 10 points. stocks being scarce
and large holders being unwilling to
relinQush their shares except al high
er figures General Electric was n
feature 81 tho carly dealings, advanc.
ing about points before the end Of
the first hour.
During the latter part of the fore
noon ana up TO tn" last hour, the
quotations of the forenoon In the
latter part OF the afternoon. however.
the buying movemeni vas renewed.
the day. where they closed.
American Can common was a fea-
ture and leader of the afternoon adj
vance rumors having i, current that
the governments suit against theycom-
pany would be dropped
Pacific Mail appeared again as a
speculative favorite for the first time
since the war and advanced more IMAM
$ points, owing 10 the announcement
by an officer OF the company that II Is
in the market to sell its property. spec
ulators Immediately Sot their pencils
should bring about S2o.ooo,ooo or $40
10 $50 a share on the $2o,00O,o0e An
officer of the company said to-day that
the property had a book value OF about
~ m,
held by the Southern Pacific Company.
Net income for the fiscal year ended
-April 80 increased about SlIS.ooo'
owing TO the paralysis OF the Japan
csc shipping business that resulted
from tho outbreak OF tho war
Copper shares were again promi-
ncnt among the leaders owing 10 sales
OF the metal by large concerns at 20
Ia cents n pound. the highest figure
since 1907 AmalCamated. Sm"lters,
Inspiration ana Utah all scored sub
stantal advances Tennessee copper
was also strong and higher
NEW YORK laaH io-sach mtsFtviness
as Wall street lcniur"d M Yesterday in
connec,,on win Inc rctlrcment % Mr.. Bryan
were largely dispcil"f to-day Thc stock
market opened wt'n nrm mnd%rt ION ,,,,, ,hs
.,-enr;h. Trading proceeded ~ a ieisureiy
pace in tho carly session later becoming
Gans embraced AL parts OF the list, with
coppers and affiliated shares the chtSt
trade conditions. Copper sold IA high rs ?0l.c
TO-DAY. its best price IN eight years. and
lead vas quoted At ga TO cents. the high
water mark tor this product in about thirty
N.Rrs.
War spe,ialiies again occupied l position
o. prominence. 'Nith gains OF two TO sis and
one half points
United states steel the most activs
stock ana In fair demand ut steady nd =
~auccs Motor stocks gained TWO TO four
Another large :nstalIment of gold was
received from Canada making a total OF
s9acocH received from! that source on the
current movement
bonds we're Nrm, hut withou, especial
feature.
United States bonds unchanged on call.
Nr.W YORK. juno 10. Mercantile paper.
s'28+ Sterling, sixty day bills = 80: de
lnand. Si-S,g: cables. So Bar silver, z9t. ::
Ne>icau dollars. ast.: government bonds.
steady Railroad bonds firm Time loans.
easy sixty davs, cAGis; ninety days. "'2NA. ::
six months. Sc Cal! money, steady; ruling