| Show PRICES MELTED j I AWAY FINALLY Trading in Wan Wall Street Con Conducted Conducted ducted in a Desultory Manner All Day DayI I BIG SLUMP IN ANACONDA METAL INDUSTRIALS ALL FOL FOLLOWED FOLLOWED LOWED SUIT W York June JUDe trading in was desultory during the most moot f t tiie lf short today but the do de doI Fl I lit tone or of the speculation was c i and in the final de dealings prices t away easily under a const consider er eru u wrease of soiling pre pressure ure The Thet t I n was decidedly weak with no noE E of resiliency Nothing new de deI I I d 1 to explain the weakness but butI J I were r o offered ered down aggressively 11 til vulnerable speculative position 1 r cT of nf the leadin leading stocks in the ther r rit was manifest Reading con 1 tr tO show how the tho effect of its poor 4 11 1 position and was the central tar 1 for attack by the bear p party IL st k offered some about 1 I tut broke through that point be bet t f tho fl dose close There was a violent 0 r in ri Anaconda and the metal in inti inIs ti l Is the high priced northwestern h a rs and other conspicuous spec spee favorites all succumbed early t pressure directed against them themI I 1 dry weather Hather In the wheat region I i H influence In the The TheL L C of affairs in Russia re rel red l d attention although the di din dir n r IH sure produced here w was s not iT The large reliance placed fl Ill reserves or of French capital for forr r nr p t supply the large needs of oft t tk N w York money market makes Lp t to a thre threat t that TI involve that money center in inT T lna ent as would necessarily 1 r h result of an overturn of af aft aff t f H in yesterday in view of 4 vry i Y heavy French commitment in int t t The changes In the items f tL th bank statement were so small smallE E 0 t ti ake that document of little In Vr rr Lf c lit in the stock market There 4 In It however to relieve 1 V of th the speculation and andt t j a ive seUi selling of the day developed t appearance 7 1 d I 1 sales ales of bOnds par value t f 1 I professional rr movement on the I Ig r g fl of the stock market has met metT T th flent this week eek caused r ialy by the difficulty of profits ly l y holdings of stocks docks El Ef EffIt Elf fIt f 4 t vard this end have fOUnd no fh iv demand to absorb offerings I r j ris have given way In conse T The market has not been ac acI I i d by any important news de der r and was attributed almost c in technical conditions 1 wy market has bas grown firmer t the week and rates for loans Joans J over the end of the year eg cc T have risen again to a basis or of J tEnt Ent bid The effect of the July 1 in Sit Is in immediate question r L Jin ding of resources for the usual i l m ln nEeds of the money market I V L tt absent from calculations It F ihn ii into account that the New Newy y companies must have ready 1 the second installment of the theao f ao 1 cash reserve required by t t t l I y the addition to the New York 1 1 law It is estimated that this rt It quire an addition of some ome 1 12 I 4 t present holdings of the trust S which is likely to be with i 1 from their de deposit t with New i inks On July 10 the United 0 1 withdrew of e with th national banks The I m iri of the financing of the San L 1 r I j fire Jn insurance urance losses is not rid d out in its deW details Is and that r it is feared may still have j r strain upon the money mar hi h will have to be reckoned r dull tone of the bond market j n unchanged j I tates and old Is registered L l 3 and the s and new fsr r t while the old Is coupon do 00 doper 1 i per cent en cn call on the week |
