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Show HEAVY SELLING 18 RENEWED ON THE NEW YORK EXCHANGE Situation in Mexico Is the Cause of Continued Depression; Mexican Stocks, However, Hold Up Well. NEW YORK, June 22. Quoted values experienced furt'lier Irregular impairment today, heavy selling of the preceding days being renewed in consequence of the more acute status of the Mexican situation. The movement was consistent in that it had its Inception at the opening of the day's operations and, except for filfu rallies, continued to the end. Mexicans were less affected as a group, other "than well-Unown specialties. Petroleum Pe-troleum losing only 1 at iis worst, with 1 i for Greene Cananea, while American Smelting lost little or no ground and Texas company made an actual gain. Metals were again the weakest features, fea-tures, Butte & Superior losing 3ai and American Zinc 2, making a total of 8 points for the latter issue in the two sepsions. Coppers followed the trend of allied stocks, regardless of the increased dividend declared on Inspiration, Which appeared to have been discounted by the trading element. United States Indutsrial Alcohol was the objective of a severe drive In the last hour, recording an extreme loss of 7 on rumors that it had been decided to postpone a prospective "melon," or extra dividend. Other stocks of the same vola- tile description, as welt as munitiunR. were lower bv 2 to 3 point. Shippins shares and some of the leading motors yielded their early trains. i"sl of them showing net declines. Rock Island was pain the most ficlive issue in the railwav division, but fell under un-der realizing sales, 'losing the greaier parL of t':-e preceding day's 3-polnt advance. The debentures suffered to a like extent, but the refuniliiiR- bonds held their K round. Union F'aciflo w as almost the sole important railway stok to make actual headway, though falling back at the feverish close. Tot;il sales of stocks amounted to SS;,-000 SS;,-000 shares. Both the Bank of Englrmd and the Bank of Prance reported slight gains in gold holdings over the previous -week and Canada's daily conl ribnt ion to this center was Increased by $4,6ii0.000. bringing bring-ing the total from across the northern border on the present movement up to about J7y.000.00rt. Bonds were irregular, with slight concessions con-cessions in international Issues. Total sales, par value, $::,370,nno. United States 4s advanced 3 per cent on call. |