The times. [volume] (Richmond, Va.) 1890-1903, 1902-05-14
STOCK MARKET WAS
DULL AND NARROW
Stronger Undertone Was, How
ever, Unmistakable.
Professionals In COMMAND
PROFESSIONALS In INLAND
Greater Strength Was Partly Natural
Recovery from Weakness of Day
Eefore-Bonds We're Dull
and Irregular.
EBy Assoc;aiee rress:)

NEW YORK, May IS.-To-day's stock
market was n dull and narrow affair ne
gween professional traders for the most
part. but The stronger tone was uiihis-
taxable. TO a large extent this was
aalural recovery from YESTERDAY weak
sless. The influence wnlcn weakened lne
suarhet t..en Has AieNialeo VI ie,e
au-uaS alG there was consinerap!e ue-
3nauu from the professional shoit met
sssLs when so;u stocks yestefoaS or tie
AnIaNosaoie aeSeloPneHts. Inc pu,.|i.
sIua or the Government uhldfoi npie
tiop report May lst induced consul
Nra.Gle feaizinS by Inc snort lhl etest.
ine decune IN the condilon oil winter
wheat was hardly SO great as expected,
put the apanuened acreage proved iaIsei
anan supposed Inc professional snoii'
Wcre disposed on &c wno!e to take their
2IoGtS, anu they We're urged TO tniS
suurse by The additiona! argument That
aae Iayoiable weather since Inc nrsL OF
ane montn must represent a notable i'm
i,soNeinent IN me crop since the GATE OF
Fne Government 8 report Pressure
Esainst the snort interest was also eX-
tItea by the circulation OF iumorS OF a
aaVorapie turn IN the anthracite strike
a,oIut WIS forthcoming. apparently, the
IiqulGnuon in;ced by the more urgent
discrimination by money lenders against
SoiIatetal Was completed yesterday. ana
1IcIc were no Sucu IorIn!uaple breaches
~ the Prices OF h:Rn grade stocks as on
yesterday, when tna,l feature was strong
aone OF the wac advances scored to-day,
sn TACT, simply represented sudden iecoN-
srlcS or iaftlal IecoverIeS from yester-
Aay':s severe declines. Inc money Sltua-
Lon WAS somewhat easier TO-DAY, al
Enough loans were made again at as hlgh
Es per cent. he foreign banking
houses We're very large lenders in the
market ana the continued decline in eX-
tIanEe IeHected further borrowing from
Foreign money markets. under winch the
eIoney rate weakened. The selling OF eX-
ShanEe in THIS operation is. in effect. GO
tl4s snort in the exchange market and
PIE met IN the future. TO some extent il
p speculation on the future volume of
rr exports which depends most largely
ta the size OF the coming corn crop.
piGging stocks for London account
nYas a strengthening factor in the mar
Pet. Yesterdays sharp reiapses In some
stocks awakened skepticis!rl as to many
recent lumorS of the source of recent
cenland Tor stocks, said TO be for control
Ey large interests. But the Louisville and
LsashTliie episode and the known charac-
Ter OF some OF the recent distribution of
I.eadiDE among other railroad interests
Ieeps alive the contention that there is
81 tendency towards the lodrment of
stock in strong hands for control. The
state OF suspension OF the Northern Sc
tnriGes case clearly oocS not prevent the
progress Of plans for control. as the
question involved there is one of method
1h holding stocks after they have been
secured. A rImor circulated to-day al
Enough einpha ucaliy denied that the
Northern Securities interests intended to
Abandon their present plan. resulted in
e drop on the curb or that stock TO 80
which Is its first fall below par The
stock market closed dull ana firm
The bond market was duh and some
what irregular Total sales. par value
t2Slo.n0o United States rs and 3's de-
cllned y per cent. on the last call
The total sales of stocks for the d.v
Were $4,000 shares.