The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-22
..Ne1u York;.
Stock Market
DULLNESS is INTENSE
ON N. Y. STOCK EXCHANGE
Little Attention Paid to Detntls OF
Reorganization Plans of Wa
bnsb Nailroud.
CLOSING is AT LOWEST OF DAY
short Selling Is Feature OF Late Scs-
sion-C. ~ .. Directors Declare RcSu-
lar Quarterly Dividend.
LSnecIal to Thc Times-pispatch.l

Especial to The Times Dispatch.l
New York, May 2l.-Business on the
New York Stock Exchange continued
to siacken, and to-day dizziness was
intense, with no especial feature TO he
noted beyond n further advance in
sterling exchange. The complete de-
tails of the REORGANIZATION plan of tho
Wabash Railroad were made known
to-day, but inasmuch as the main
featurc--thc assessment on the stock
has long been Il matter OF common
knowledge, the Street paid little at
tcntion 10 the announcement and the
stock OF tho company had not opened
up 10 u late hour.
Western Maryland common was
tirmcr. but :. sale Of the preferred
was recorded at q decline of 10 points
from the previous sale. The bonds de-
cIined again to-day. Consolidated Gas
cascd OF small fraction. Missouri
Pacific sold down To - IS in the early
trading, but stcadicd In the mid
session. The directors of Tie road had
another long conference to-day, but
announced that no conclusion had been
arrived at that would warrant pub
lie statement
In the afternoon tho entire market
oas.d off, and the closing was quiet
and fcaturelcss at tho lowest OF the
day. Reading for time WAS bid up
sharply. but when the rest OF the
market refused to be revived by tho
advance in this stock, realizing caused
II to react sharply Short selling was
a feature OF The late session. The Bal
timore and Ohio Issued its earnings
statement for April to-day. This state
nent shows that tho net results have
been fortified By further scaling down
of charges for tho maintenance OF way
and structure and equipment, the total
saving effected here being s634.ooo.
Gross business Increased S195,924
compared with n year ago.
The directors OF the Chesapeake and
Ohio Railway declared the regular
dividend OF per cent for the quarter.
This is the same rate that has been
paid since last September.
which became more pronounced In the hnal
dealings. married the course OF io-day's
again was Circumscr!bed and obviously pro-
fess!onal. Deterrent; factors included the
status OF Missouri-Tacinc affairs and a
further rise In foreign exchange TO the high
Foreign general news also made for eau
zion, advices from Paris calling renewed at
centre Roth paris ana Berlin markets
were closed in observance o! u religious Holt
day, but London sold n few thousand shares,
chiefly United states steel In that market.
crop news was more encouraging. in the
Middle West agricultural centres.
The day brought various .rnmors regard
aation plans, Baltimore and Ohio shares
were relatively firm on the excellent state
ment for April
Announcement o! tho regular Chesapeake
and Ohio dividend was made ~ the close
OF the market. the stock having previously
moved rrcgularly
The local money market hardened slight
j.. There were transfers OF currency 10 the
Pacific Coast. but no gold exports:
Bonds yielded in sympathy with renewed
depression In Rock Island. MissouriPac!hc
and Western MARYLAND issues. United States
IS advanced -, registered - X and coupon
- and Panama = ;. peg cent Oh call.
New York. May @l.-Moncy on call easier
az ls.I2; ruling rate. iS.: closing. l%T'lIt.
Time loans. steady; sixty and ninety days.
~; six months. s. Prime mercantile paper.
:. Sterling exchange steady 1T Sass Tor sixty
days and at $3.50 for demand Commercial
bills tS5i,. Bar silver. 57t-; Mexican dollars.
$50. Government bonds strong; railrond
bonds irregular