New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-12
FINANCIAL RECORD
HERE And ABROAD
Stocks Active and Higher
Railroads Share IN
the Upturn.

.Jerusal Of our message 70 "ei'""''S
49, Main that there remained posi-
L;iitv for considerable negotiation u'
fore any omen break came, ana tna' any
Ultimately would come was hoi go
crsliv believed. The market was h'ene'
fron, tho opening. There was some COY
cr;nc bv the short interest, ana IN "u-
dif;on. a number OF those VINO hSo ueVI'
waiting to buy at lower prices VIZ"
ou- present International dlInCUl'! "
came more acute decided 10 wait uo
longer. According to published rePoI'S
Il may be well toward the emu u. wv
month before an answer comes 49,, .','.
no seas 10 .hiS latest message OF ours
Tbs. is a long time for market eN,
ci.oJ bv war order talk and hlgh metal
prs,es and encouraged by easy money
"a wait. .L;e e;do
ND rcnorts Of Russian successes was
;o hotter shirts and sent higher prices
so- cu~ stocks. Here standard issues
cponcd fractonally higher. with m
6rstrials showing pronounced Strength
Tho inward movement was carried luI
,hcr. with little reaction IN the al'er-
Alter little Stacker trading the
market IN the afternoon started up
again. standard railroads having pei-
ter share in the Improvement ~
vanccs that in some cases reaChsu o
noints or so in standard issues ana D.
and 10 points in the war ana neIaI
stocks. invited profit taking, ana We
close was point or more oelo" '"e
best IN many active issues r:.,.
Metal markets continued 10 furnlsh
,cnorts Of higher prices to stimulate
sdvancos in stocks OF producing ana re
Tnirr concerns. American Smelling ana
pcGnirr on heavy trading, was up over
: noirts. Amalgamated Cope ended
rosrlv . noints higher, and subStSAtlal
pans we're general throughout the
Ssotol rro,,p Some Of the equipment
stocks showed conspicuous Strength
BALDWIN Locomotive advancing points
on the day. Bethlehem Steel General
Electric and similar issues ent hlgheI:;
Reading made a maximum gam OF
over 2 pojnts. and Union Pacific, south
crn Pacific. Lehigh Valley, New ioIS
Central and other standard rallroaus
improved impressively. Onited states
steel got over , points higher 10 Wen
above 81. in the middle OF the alIeI,
noon. later losing a considerable pai
-of-its advance on profit taxing I IA,
inc in steel was In large volume Ihe
total turnover IN AL 4soGS' " . -,
crablv over 100000 shares. The bond
market was the largest OF the week.
with prices improved. CT
There was deposited in the Sub
Treasury 100000 more in god from
Cg ada. making around $98.0OO,OOO un-
derstood 10 have been taken for import
Since the first Of the year. Principally
as a result Of this weeks inflow from
Ottawa. an addition ( .ome SlS'ooO'-
600 TO currency holdings Il local lnStl-
tutions is predicted. Funds for collat-
eral loans yesterday were in abundance
a, favorable rates Bankers, however
Who look for improvement n Industry
should our international affairs noio
fayorably. expect much tirmer money
o. Aefore winter.
Surplus Of idle cars, reported lot tne
6r-- Of the month, had grown niue
since the beginning of May, and me
total-ovtr 2o5000 is more than oO'OOo
above that Of year ago. Bank clear
,r~s Of the week showed business re-
covc~i,- from the uncertainty INTO
which cur difficulty with Germany had
rlun~cd il. According 10 one complla,,
ton. total clearings for the country ana
10Y cities outside New York, as well as
horo. were better than last year, where
,hcv had been running behind.