Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-06-28
STOCK MARKET IS TRUE
TO ALL ITS TRADITIONS
It Opens Weak, but Becomes Strong
When Shorts Begin to
Cover.
SELLING MOVEMENT is STARTED
Close Shows Net Gains in Most
Issues, Although Market Is Really
Weak and i'll Declining Mood.
Good News Has Little Effect.
BY RROApAN Wall.

Gan- YORK. June 27.-Thc stock marko;
was ;ruo 20 all traditions .; Nall Stree;
to-day. I; o7ered weak and became strong
az shor: covcrinc Then tho bears d!scov-
cred that they were running prices up on
one another 50 hoy turned around and sold
again The close showed No; gains IN most
stocks. bu; me Earke; Was really weak
and IN q declining mood.
Inquiry among commission houses and par
,!eu!aTly among branches out Of town shows
that the public has not taken profits nut
soe sye IT'S Vas IN nsars S" who h~e
solo, Not even an he insiders have SOLD.
re:s, sugars. railroads and :ew Of 'hc
munitions insiders arc persistent nurerS at
Ill prices. Sut nc" are scores 81 S9eoiai;ics
held BY the cubic. the MARGINS or which
a.s made ~ chieiiv - paper profits. and
arc getting thinner
So6d news had little etfe,t N re mar
Eet Anaconda increased us dividend 70 the
-ate Of - share annually IN" stock sold
ur a corp!e, % points. but 'his failed To
- increase q the t2Gtrsl Leather d!v!-
derd. MAKING ,hs rate "a: cont, was like
'".sA without permanent good cffcc, 'raL
The Increase % the United States Steamship
The ,n.por;aroe Of these dividends lies IN
tse fae' Lha; @!,honsh csntSal Leather a.. row
after more than douh'c The United states
stsa5a.hir co7'2anr 5 n,akins money at a
voyase TO Russts has alrcsdy earned double
what i cost The COMPANY and expects to
arnouneeraon; b. SECRETARY Lansing tina,
the Mexican oil fields II any atrernp, should
be made BY the American army 10 pro-
teet them, caused cons!deraHle selling OF
Mexican Petroleum: The YACHT Casiano has
arrived a, Arkansas Pass Texas. bringing
all the families of employees Of the Mexican
Petroleum Coupany from the Tamrco ro-
eion. Arrival o. tho Yacht was the first
word The company had received from Tam
ptco since June Is as electrical! disturbances
have made wireless communication !mposSi-
BILE. Shipments have not been interfsrcd
with, the company says, and IL Will
tinue shipments for months Al tho oil
thorities
Much worry was caused to-day concerning
Esr in Europe and Mexico Europe was
Se rried because Lloyd's announced that in
,hlrty-s!T hours German submarine had
U-boa, activity just as ,hc Uni,ed State, IS
Is entering into serious complications with
Mexico led the Street 70 believe that Ger
many might by accident sink Ship carry
ing Americans and thus renew The dispute
'h 2 tho at sas hon far h.
large percentage Of Mexican 81 goes TO ;he
Union Pacific tor May showed an ,ncreas.
OF gross earnings OF s2,Iia56S. Of which So
COS 81 is from freight. Tho net increase IS
sl.5as.i51. These increases arc more impress
sive when stated IN percentages The total
gress nG ;Hn Is SO per cent, thu ;o,al
net is SIS Ier r RsF omit and s the
lSS per cent more Tor maintenance % way
structures structure: and Equipment, For eleven
1875 per cent and net OF 55i per cent
~ N 7 ~ TonKi June photographic rarer,
demand. si,75M: cables, 81 - ZIG Bar silver.
s. Mexican dollars. SOS. Government;
bonds steady railroad bonds. Irregular
ninety days. 3NMi; six months. iaii. Cali
money. nEm; ruling rate -.