The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-05-09
New ork
Stock Market

6 Now York; May S.--Thc monthly
/ statement of the copper producers and
2 the government crop reports received
Z, more attention In tho financial commu-
nifty to- day than did the stock market,
X whore trad'ng was so iifeless AS to
be almost without significance. l:N-
pcctations Of good crop report were
general. and acted AS u sustaining,
influence III a stock market which
4 was inclined 10 hcaviness. The apt
pearancc OF the report shortly before
the close Of the market, with its con-
traction III indicated yield Of win
ter wheat. coupled with bcttcrncnt OF
condition. WAS followed by some sell
ing OF stocks which had been bought
presumably in the expectation that
,lhc crop figures would stimulata the
market Prices declined moderately,
and the close showed many small net
losses among the active issues.
The copper producers statement was
not us favorable as had been expected
in many quarters, on account of ttc
reports of unusually large sales in the
last fortnight. Publication OF the re-
port had little effect on stocks. how
! ever. Anal Eamated Copper ;iclding
only a fraction. II was pointed ont
that, while domestic deliveries fell of
sharply. exports Increased moderate
". There WAS. moreover. n ninrltc.i
contraction in production III April. us
compared with March. Sales Of copper
In the first week OF May ere said
10 have been light, with fairly large
inquiries from abroad In tile steel
trade also indications OF inmadats |
Improvement arc few. Shipments OF
the United states Steel Corporation
arc reported to have fallen 10 below |
tic April average. The monthly state |
nent OF untitled tonnage. TO be given
on, on Wednesday. is expected to |
show considerable decrease. rs Inc !
amount of new business fell OFF las, |
month. while shipments were main
tanned on about the Same level as in |
March. mi |
Consideration of the FARMERS free |
list billi in Congress excited little !
attention in Wall Street, which appar |
emily has made up its mind to take |
no heed of proposed tariff changes, |
however sweeping. until ii Is learned |
what prospects they have of ultimate |
success The same indifference was
displayed when ii was learned that |
the project for an investigation of !
the american Sugar Refining Company |
mad been acted upon favorably In com |
mittee
Some conception OF the extremely
hollow Character Of to-day's market
may be gathered from the fact that
up 10 midday the most active issue |
MAS american Can. common Both
/, ana the preferred advanced mpte-
riallE. The movement was cyplaincd !
Sariousiy as being due TO increased !
business and prospective DIVIDEND |
changes but no official information
was given out on the subject I.ast
weeks movement in such semt-,ctlvo
STOCKS as International Harvester
western MARYLAND and American
sect sugar were continued. hui Inc !
nQuir! lot these issues failed 10 i'm
70, any degree Of confidence. rhe
real market leaders, with few oxcan.
nons were rather heavy. aIttou,rh
thls seemed TO be due more 10 nao,an,
nan 10 pressure. Atchison was stronc |
ro"ard the close OH the report fron, !
aris mat negotiations for ustinr
10000 shares OF the stock On ~,
,ourse mad been virtually completed
- mas neen known for some time ia,
,ho,, hcs o'ia tions were under way. al
I'm rae,, ~ ~ information pointing 10 the
H..'iilheuiate conclusion Of these arrnn 90
u'ehts was to be had here.
Bonds were steady. NON. r
-i established another ronnrs
nsure at 10i 3-i Total ss,as
Naiue' s2,S26,ooo United Statcs par
srnmen, bonds Were uncbnnr,
.a.i Total sales for the day, eaa I'M
s Mew 9ork May s.-sioney on can
steady. 2l-4dal-e per cen, "a Sa.I
&c IL; offered at cl-4 Tim. l n,s
S, Ina ag s, sixty days. Pip Der ceni'
n,nrcs n unss' 80 sin months. a. prims |
sterlins o,l naper, ai-e to I ror' cent |
uS'ness in bankers bills 4, ,,e s.a,
or siN.y-day bills and nj :, <t'S+So
I1 =, li, Commercial bills s,ss ior
s'iYef. % -. Mexican dollars n
RICHMOND srocu