Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-06-19
STOCKS ARE SUBJECTED
TO BEAR|sH PRESSURE
Prices Yield Only Slightly. Despite
Reports of Damage to Grain
by Storm and Cyclone.
BALDWIN LOCOMOTIVE u
Price Rises in Urgent Buying, Due to
Receipt OF Orders From Russia for
Locomotives-"Hu on Inter-
national Harvester.
by nRoADAN WALL.

NEW YORK, June lS.--Stocks were
subject to-day TO bcarish pressure by
professionals. but prices yielded only
slightly. Notwithstanding reports of
damage to grain in the West. owing
TO severe storm and cyclone.
The reported selling Of steel COM
mon lay French investors is not taken
seriously in conservative banking cir
Clcs. \ report that receives more
crcdence Is that member Of a GER
tain large firm on Wall street is using
the reputation OF his firm in creating
belief that the selling is for French
Baldwin Locomotive broke away
from the balance OF the list in the
last halfhour and. on urgent buying.
rose to ,64 SIS. gain Of nearly points.
orders from Russia for locomotives.
There was also good buying of New
York Air Brake. which. considered as
per cent dividend payer with good
prospects of being put on an per
cent basis, looks cheap TO spectators,
who are willing to take chances in
war stocks.
Missouri Pacific interests met to-day
and discussed III. reimbursement plan.
\ few minor changes were made IN
the tentative plan. which calls for an
assessment of at least $50 a share. but
not more than $50 Il share.
Wall Street had a bunch" to-day
that the international Harvester dc
cision will he handed down ON Mon
day. 4 general belief prevails that
the decision will be favorable and in
that instance, IL is not expected that
the steel Corporation decision will be
appealed. 4 favora bic decision in the
Harvester case would do much to re-
store confidence OF investors in Sc
curities.
Westinghouse showed no Ill effects
from the failure of the directors to
: increase the dividend. y director OF
the company told the writer of this
column that the company has not be
gun to realize profits on war orders
NEW YORK June ls-ASide from its
more Irregular movements which later gave
way to general hcavin.ss, to-day's stock
'narEe, was largely repetition of the
"1s again IN "A moderate volume. the carly
hours recording series OF confusing adj
of the war 81 rose to points. with
4 Not high record for Baldwin Locomotive
Al IA. Nhilr others Of that class, partiCu
g i.riy ns,hithem S,esi and, and i.Aekawarna
Corpars were under constant pressure. as
was to lie expected from another sharp
break in tho metal abroad. Lead. which n
few days ago sold AT ~, the highest fig
Q3otcd in thirty years. declined 10 -.
Representative railway stocks were back
ward. tn'teh states Steel was about the
only speculative favorite TO evidence under
lNirS strength
e lie. or Italian exchange. made another
new record ard Reichsmarks on Berlin also
wore Weakened. Ottawa sent another s. 500
90 gold Zero. Bonds were Irregular. some
minor issues showing material gains. United
states bonds. unchanged on call.
...EEW YORK juno is.-Mercan,ile paper
Si2TSN.. Sterling, SIXTY day bills. 81 1ic5 for
dcnisri. siTtcr; for cables. sI.,I.o Bar sil
v"r. 4?'s. Mc>ican dollars. IS Government
Tine loans, steady: sixty days. ~: ninety
cas-. -. Pix months. 3. Call money. steady: