The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-05-10
N w Y ork
Stock Market

New York. May 9.--Thc stock mar.
ket went through many variations OF
speculative temper to-day. and showed
feeling OF hesitation in the reten.
ton OF any Of its moods. until the
frmness of the final advance. Business
in London had only got well under
way before the opening hour, giving
time to demonstrate the feeling OF
confidence there in the ability to re-
sist the depression of the King OF
Englands death. This result in Lon
don was ascribed partly to the strong
tone displayed on the New York and
continental stock markets on Saturday
while business was suspended III Lon
don, but tho reflex on the New York
market of the strong London market
to-day was not the less pronounced
The calmness of the London financial
markets was due partly also TO the
opinion formed over the Sunday inter
val that something like truce would
be adopted in the bitter political con-
test being wased over constitutional
questions affecting the British govern
rnent. a postponement of tho strug-
sic involved It was felt. would do
much to Ming security to the financial
markets. Large orders for purchase of
stocks in New York from foreign mar
hels gave an earnest OF the genuine
ness OF .ne commence thus expressed.
"tti .,iis manifestation OF tue oPin-
ron on .ie Loflaon positlon, 'he SUD
alton by the New York stock market,
which turned itself to the appraise-
ment of new elements in the problem.
Very large Importance was attached
TO the government report on the May
condition of the wheat crop a g a
49, ~ s"apis opiiilohs. me hrst
eeesiot' ~ STOCKS from the re!!ected
ttoiiuo'l stienslh was que 10 ADVANCE
" pooI iepot'
'iiis W Neste'h wire houses on
.lla' aseouite ".peu out al .ne opeh
iHs seihs' ouiSk changes tolloWcd the
actual puohca'Pn OF inc iniNed erect
OF .he unexpected Improvement III con-
"it.oh OIL WINTER wheat during Maya
ana uheaPeclediF heaVN decrease IN
~ ttoIi "'nter Nii'ns ana partly
Wy usual "iisuhuer siahu'ls over
the ola and the revised methods OF
computation OF the crop yield.
Great Importance was attached to-
the April Improvement in condition
reported. IN view of the highly danger
Gus weather conditions which have
existed. The propitious planting con-
oitions 1or spring wheat also, as we'll
as tne opportunity for replantins of
"oahdohed winter wheat acreage and
SUBSEQUENT Improvement of the CROP
pe'ore harvest. iiSclined to favorable
speeuiatiVe view of the outlook. in
spn'e OF the decrease of about 5000
W. ousheis In the present indicate
sieiu or winter wheat compared witt
INC actnai crop last year. The mixed
lnuurhGe OF these general factors was
p'a.ieieo IN tne contrary movements
OF some prominent individual stocks
~ faui suffered from the withhold,
l nt 90. OF aehni1e official announcement
The business. Southern Pacific, on the
s ,l hand, vas asgressively strong
..u.s, 'ne revival OF reports of an in
eN.ra His'rioution to stockhold-
nv. - ..ss on assets OF the company.
All. me 'h ne, COPPER statistics for
~, ~ hau neen anundantly forescer
- ' ,. was d disposition to look
ppm mem as past influences.
- OF some recent large sale!
.ne 'ne,ai ot me price concession:
" more enect' The strong tone