The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-05-06
New York
Stock Market

# New York. May 5.-Trading in stocks
assumed no well defined trend to-day.
and the mi,rkct was icsitat ting. with
nevcral diverse movements. There was
an absence OF the sustaining selling
pressure which upset prices yesterday,
Z tSnd the short interest seemed 10 be
moro concerned about covering than
attempting any extension of their or
craticns. The result was a keen de.
I; lnand at the lower level established
yesterday. ard At the opening stocks
wore quickly forced ,ir 70 point
Buyers were not Inclined 10 follow tho
market on the ad:ancc, however. and
prices accordingly nuctuatcd within a
compa RI lively narrow range. Changes
on the day. as a rule. Ierc nninipor-
tant. 3aE
Reports of industrial conditions,
which OH the whole were morc hope
full. seemed to excite only passing AT
trnbon The same was true Of The
situation in Mexico, in spite of N"
fact that large American interests arc
concerned and that advices received
the affairs Of th> republic The labor
situation. iii view Of reports OF in
creased trouble, WAS watched With
keen interest by investors. as we'll as
fects railroads. whose decreased earn
ing capacity ,begets reluctance on the
part Of managers to grant concessions
nj the present time. M
Although trading in BONDS fell back
from ycstorday'S large figures, the
,narkot was still ActiNc. and prices OF
come issues made further advances.
Quotations for securities OF the liiSh,,
est grade have not reached a lovcl
whore the interest WELD ceases to show
Eutl, n wide contrast 70 the rates OBJ
,ainarln for money. and as the move
enent progresses The investment de-
.nand for standard dividend paving
stocks increases apprcciahly Perhaps
the most patent evidence of this ton 4
dcnry is tho increasing demand for
Various his'l-priccd .spacal,lcs. which
Oavc como into prominence IN the mar
Eet recently.
Amaigamn,ed Copper was tnt strong
feature OF he late part OF tic session.
y faetorr pirihutory e the strength
on the authority Of n representative
OF the GuggenheSn interests hat the
demand for capisar abroad. especially
81 Germany, was excellent report
;D nature. Indicated that some inn
provcment had taken place within the
Jast week April returns from tn"
+ per cent over March. although the
figures fell OF more than 1 ner cent.
from those Of Nprl Of last year.
Rank exchanges this week again make
en- unsa,is.actory comparison, the total
st The leading cities of tho country
showing n Loss or moro than IL per
cent. from the corresponding week Of
1910. DeSplts TIE TACT mat STOCK. mar
Rct operations Increased IN activity.
,lhc clo<irrs 81 New York City fen OF
"A < fallins on in gross receipts Of
money nj this centre of s3,50o,00o DIR
ing the week IL ind.ca; ted by the
)Snown movements OF money. Gains
from the interiors werc mucl, less
than In tho preceding week. and losses
50 the Suhtreasury wells heavy, owing
;n part to shipments 10 Canada and
the Pacific COAST!
The bond market was nrm. Total
sales. par Value. s4.3is.oNo. United
States bonds We're unchanged om call
Total sales for tho ily, $4,000 shares
New York. May Money ON cali
steady: i-iao IL per cent. ruling
rate. . is closing bid. is: offered at
2 IA. Time loans firm: sixty DAYS,
. L. per cent; nin,,y lays. 3-4dS;
stN months, 2@5 IA. Prime mercar-
Tile paper, , i-2a4 per cent. Sterling
exchange steady, with actual business
IN bankers bills at s4.S450 for sixty
nay bills. and ut st.Sst5 for demand.
Commercial bills, slSa rs Bar silver,
SS IA. Mexican dollars As.