Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-06-10
F|NANC|ERs D|sAPPROVE
GOVERNMENT ATTITUDE
Cotton Goods Demand Well Main
tanned i'm Face of Further Price
Control Conferences.
PRINT CLOTH SALES MODERATE
Supreme Court Child-Labor Decision
Favors Southern manufacturers.
Tendency TO Advance AT New Or
lcans-Stock Market Neglected..

NEW YORK. june o.--t'hanscs ii,
the war situation. the rapidly expand
inE national budget. brilliant crop pros
poets and GENERAL business conditions
eagrossed the attention Of the financial
community last week, very often to
the exclusion OF the stock market
Events on the western front CAV.
added significance to tn. statement
OF the French Premier pointing TO the
increasing influence of this country
in the world conflict. The quick sub
Sidence OF alarm over the operations
of enemy submarines in these waters
was another rcassurinS factor
Trading fell far below the active
daily sessions in the last half OF May.
due mainly to the withdrawal Of pub
lac interest Shorts occasionally en-
cricd pressure against certain Spccuia
tive favorttes, but rcvcrsals in those
stocks were balanced ny gains III
specia!tos under direction Of pools.
Leading iinancicrs expressed their
disapprova! OF the governments atti-
tudc toward the railroads regarding
contractural relations and tho proposed
heavy tax Increase for next year
prompted caution among investors
The banks already have strength
cned their reserves 10 meet the enor-
nous mid-year disbursements for in
tercst and dividends, together with tax
Freer offerings Of short thine funds
were made by local institutions and
call money was moro abundant though
holding at or near the maximum rate.
Dealings in foreign exchange con-
tinued nominal rates on Italy moving
more favorably 10 that country. Re
mittances to neutral ccnters were lit
tic altered
WEEKLY COTTON GOODS
MARKET Al NEW YORK
Cotton goods demand is well MAIN
tanned in the face OF further confer
cnceS looking toward price control.
Buyers Of shirtings, zephyrs, fancy cot :
tons for spring and some OF the staples
used in the manufacturing grades have
been placing orders Tor future de-
livery. In gray goods and shooting
markets buying is more restricted, as
mills arc trying TO adjust 4 limited
ders in hand and at the same time
meet the government requirement." %
Values are generally firm at the top
Tho government is calling for more
goods for fabric underwear, towellnS
duck OF any kinds and aviation sup
plies. il is understood that the large
orders recently allotted among denim
requirements, although - per cent OF
the possible output has been contracted
for. Sales Of print cloths are of a
moderate characters, buyers showing a
disposition 10 purchase lower counts
than the government ls using. Cotton
lining fabrics have been in better de-
mand than for some time, and drills
not required IN government work have
been selling more freely.
Mage advances of from l. 10 IL per
cert became effective al Fall River
and New Bedford during TIE week. and
southern manufacturers have been re-
iicved o: some part OF their differences
arising from the enforcement OF the
child labor law, through a favora BILE
decision BY the Supreme Court. Tex
;ilc mills are barely able TO maintain
more Khan So per ctEI OF the equip
men; In full operation Cotton goods
prices are largely nominal. "a follows:
Print cloths, 2s-inch. 6ix6as. lie:
eix6os, 1912: ISL. inch. cixs;s.
Isl q; brown shest!ncs Southern
standards. eSc: den.ms. 2.2es, Southern
;. l-:c ich!nss S ounce. i5c. staple
sjnshams. 22l-2c. prints, &c, dress
singhans. % l-oc