New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-11
Trading ListlesS as News
from Conventions Fails
10 Show Harmony.
DEALINGS REDUCED
AND PRICES SAG
Bank Surplus Here Increases
6,000,000-Loans Cut
Down Sol, 100000.

Instead Of the morning papers
bringing news Of an agreement at Chi
cago on a candidate 20 oppose Presi-
dent Wilson the conference that was
20 produce harmony between the Re
rublicans and Progressives ended with
out having achieved any result. So
the upturn that had come in the late
dealings on Friday was not continued.
Stocks opened close 20 where they had
left off the night before, sagged lit
tie and then did nothing. Business
dropped under 100000 shares TO not
much above the smallest for the year.
As it was expected that nominations
would be made between the close and
Mondays opening there was little ex-
cuse TO start any movement al the
week end Here and there individual
issues improved. but for the most part
fluctuations were narrow and at the
close prices were fractionally lower.
Crucible Steel, which had been so con-
spicuous in Fridays late advance, lost
mart of its Improvement. United states
Steel, the only other issue In which
trading reached any volume, was
steady az a fraction down.
The week had been one of IN and
out transactions, and there was not
much in the way Of outstanding COM
mitments TO be evened up before Sun
dav. The rails worked a little lower
conpers were abnormally dull and the
motor group displayed quiet IN
marked contrast to the enthusiasm OF
the Saturday before. No advance in
terest was shown in the Steel Corpora
tion's report of untitled orders at the
end Of Nav. Il gave an increase OF
more than 900 tons, q small gain as
compared with recent months, but sat
isfactorv when the present slower pur-
chasing and high rate Of production
are considered
From, London came news Of FUR
tbor rise in consols that put them
more than 8 points higher on the week.
Diena+cbes from the other side as
eribed this strength i'm British funds 10
the confidence arising from the sue
cossrpl advance Of the Russians, now
enrarortlv we'll organized ana
ccnipped. and to the investment OF
-rocoeds Of sale Of American securl-
tics because Of the new supertaN.
This pressure brought on Brlush
1.oidors has increased the sale OF our
;ssncs here outside OF government
cbannels. but such disposal OF our
stocks and bonds had come to be done
on a very small scale and the amount
eert bacL in this fasion now IS noV
large AS for the issues moblilzeq by
Treseprv authorities IN London, there
:. confie1ce that they will be handed
Win continued discretion. mat lhey
sill he needed export figures snow.
Deilv totals of shipments from Inis
rort last week reached the previously
ip,Dbeard Of sum Of more than S9l'VOV'-
coo. ~. 81 s+oadv
loss of surplus the Clearing nous
.ta4ement Yesterday showed q gam OF
-,orc than S16,O0O,000 at the ehu o.
H. ,veek This brought the excess re-
sc,-.e up above $72.OOO'OOO. Loans
80 drasticallv cut down. reducIlVyl
80 ,0orc than SCI, 100000 being Largely
J,,. IN the transfer Of collateral loans
IN outside lenders, brought lh OS '"0
advance in money rates. ,..,- ,:uhor
Total reserve held was niue hlem,ei'
lin gain OF about s3,5OC'0OV. J ms ms
..1i AID not account for gold imports,
pnrino the week more than Sl4'OoV'vOO
80 brought in from CANADA, anu q
sL;nr,ert Yesterday brought the 'oIHl
since the movement began Hio"'' 60
10 more than S44OOO'OOO.