The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-27
DISAPPOINTMENT
IN STOCK MARKET
Wall Street Had Expected Court
Decision in Minnesota Rate
Case
ny HROADAN WAI.I.

New York. May 26--Wall Street felt dis
appointed to-day that no decision WAS rem
dcred In the Minnesota ratio case The an
nouncement that the court had adjourned to
Juno md would finally adjourn on June IA.
If the state OF public business warranted
1t" confirms the belief that decision 4.
very near the surface and that It will bo
rendered before tho court closes for the
summer vacation.
Speculation hinges almost entirely on INT.
decision. and as the day wore on without
amy news from Washington. the market do
c cv.%peH IL snSging tendency without. how
must m be made In the case of Canadian Paci-
now low Level Of peIing a that d @s. o, to
less directly traced to Montreal. although
AS % noinod market o for the
Is Still high compared with our own stand
is to be- @ens pGs hs so. Of the
a sg' e On rhnrsdSy OK tho quarterly dividends
dividends this has been n restrainingp d,1 1rns
enee with bears in stock
o Hmion and southern Pacific each lost a
point when 1t became known that the new
segregation plan would not be made public
t wore n d"ys Union Pacific
oral but no details were givon out As an
tielpated, the Brooklyn Rapid Transit divi-
d tend was increased from Il to per cent
basis but realizing by traders brought a
slight reaction I'm tho price
The metal stocks moved without snociol
iinitll,Nc. steer closed unchanged and was.
IN fact; one Of the strongest stocks on the
tist Anal gamated lost fractIonally al
though the price FOR copper metal continues
10 hold hrm at Else. and MOST OF the Amsri-
June. and several we'll into July.
The directors of Ray Consolidated and
Chino. we'll as Nevada Consolidated and
Utah Copper meet to-day Tho regular divi-
dends on Nevada Consolidated and Utah arc
go ON quarterly dividend basis mt the rate
OF g per annum. and Ray Consolidated on
The st. Louis and San Francisco stocks
were weak. ana the general SIS rejected
further Humiliation AsNthese securities are
rival OF the coroner in tho form OF q re-
ceivcr would not necessarily have any do
Net earnings for April wore disappointins
9niSn pac; .s,o abe showed decrease Of !2i5.oo
omaha ss2.2as. Tho gross earnings OF the
third week OF May made n more favorable
for the 500 lines. ST. Louis and Western
per cent. and Missouri Pacific over : per
London houses sold stocks on balance. and
reports from abroad confusing. French
securities shaded in price In anticipation OF
lin were favorahy affected. the weekly state
'nent OF the IMPERIAL German Bank showing
q large gain In gold with n reduction in out.
standing circulation and n decrease In loans
,i ne ioG;u money market was without
OF New YORK viii borrow in the near fut%rs
some Slop0.o0o for one year at about per
President Wilson would express his views on
Cnrrency reform in special message to
ment. Thi. measure is expected To have an
important influence on the speculative sit,
uaii0n. aside from the prominent benefits
To the financial community.
While tho day was disappointment to
news for those who arc short OF stocks.
Win the exception. OF course, OF Canadian
urary., let us say. to the general tendency
of prices.