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Show STOCKS DRIFT AIMLESSLY FOR GREATERPART OF DAT Reaction of From 1 to 4 Points Comes Late in the Day When Support Is Not Forthcoming. NEW YORK, June 6. Stocks drifted rather aimlessly during the greater part of today's dull and uninteresting session, but reacted 1 to 4 points in the late dealings deal-ings when support of the usual favorites was not forthcoming. Foreign developments and the war situation sit-uation as a whole exerted very little effect ef-fect at anv time, these being views with further confidence, but domestic happenings happen-ings were a more potent factor. Reduction of dividends by several of the porphyry mining companies was not unexpected, un-expected, in view of the refusal of the war board to advance copper prices, and further delav in announcing the progress of the Mercantile Marine deal occasioned occa-sioned no surprise. Rails were under partial restraint because be-cause of the apprehension expressed by Important holders of such securities respecting re-specting the proposed powers of the di rector general and their possible effect on guaranteed net incomes. Lowest quotations were registered in the broader selling of the final hour, shippings, ship-pings, industrials and specialties, notably tobaccos, yielding to general pressure. Sales, 530,000 shares. All call monev loans were made at b per cent, the hardening of rates being attributed at-tributed to a pronounced Increase of demand. de-mand. Time rates continued easier for the short maturities, but without any increase in-crease of supply. Efforts to stabilize Italian exchange were seen In the firmer tone of lire, neutral neu-tral remittances showing no material alterations. . Bonds, including Liberty issues, were irregular. Paris 6s made another appreciable appre-ciable advance. Total sales (par value) aggregated $6,375,000. United States bonds (old issues) were unchanged on call. |