The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-08
..New York.
Stock Market
STOCKS ARE VERY DULL:
FRACTIONAL ADVANCES
transactions for Foreign Account
Small and on Selling
Side.
OPTIMISM is AT a DISCOUNT
Dig Crops Laying Foundations for Up
building OF Activity-Ensy Money
npd Confidence Lacking.
by RROAnAN NALL.

by BROADAN WALL.
Sew York. May stocks we're very dull
today. Firm In Tho morning: Idle a, mid
DAY; rcac;ionary at tho close
Trading dropped to the fourth dimension.
What does that mean?
The, marke; IS usually described as high or
JON. broad or narrow. active or duI. when
T. Is termed contrariwsc. and ,hats IN.
unproatable fourth dimension where every
transaction appears wrong.
Hopeful that tho government crop report
would stimulate outside interest caused frac
,ionaI 9dvanSes and although the govern
insni showed winter wheat condition Of
:a.s ;oT May against 9i;e yea! ago, indicat-
had no Immediate marke: effect and traders
offered each other the shares they had hope
Missouri Pacific was, active and heavy
dropping from @oia 10 IS on rulnors OF renew
90 friction between insiders and the bank
ors- y strong effort is apparently being
made 10 force tho company into the hands
that would 40 doubt have IN opportunity
TO cover should this result be accomplished
. chesapeake and Ohio was weak on bclatcd
iiquidetion \ reduction IN the present diyi-
dend rate ~ per cent IS considered likely
a. ihc meeting TO he held ~ tho end of this
california Petroleum Issues wero weak. ,he
was steady and neglected. bethlehem steel
Was hrm. Coppers were easier on selling for
ana ,or,h with the general mnrke; and
by a new story that Tho company would ' isi
tne large blanket mortgage. The stock
the so Sf fSSGS1s T ssses
arbi,regc dealers hom. early.
Our Mexican complications SIN worry Lon
iiqnida,lon from that centre. 80 f"Fthel
The ,wsctiy fepor, Of iS III, Bank snEa' ., Eng,
arnins; i2.31 per cent iaet week. This IS s;!ll
ne lowest -, a. this date for m,my many, years The
sold and a heavy reduction In circulating
Industrial conditions throughout the coun-
ny axe Gar from satisfactory. md a further
ar9p vs. noted IN ;hS nTice :or G1opper
steady. ana signs Of distress noted in
ihc textile trade.
Judging from stree; gossip. p-ssi,nsm 10
quoted AZ "a premium and optimism NJ a dis
one of tho Mig ,rus, companies is ahou, to
MAKE "a r"rori showing largo Increase in
deposits and heavy sums hold awaiting IN
NcsttUCuts. The directors frankly state they
.,co unwilling ~ invest other peoples money
ruiil Washington displays a more favorable
,EiF crop. are laying The foundations FOR
that VIII make tho structure solid. This
however. f. lacking
New York, May The narrow and vari-
n6le movements Of stocks to-day had little
effect on The general level az prices. Tho
market was as duh and fla; IS during ycster-
days session and traders made no attempts
10 force y on, of ;hc groove In which 81 has
Travelled for several days. Quotations moved
alternately ny and down ending with email
London cables quoted lower prices for in
tSrn',iona,l sharGS, and reported ssll'nG In
iuG their cue from this quarter, traders made
experimental offerings ana succeeded III un-
covering few weak spots. Shares which
recently have been heavy. such ~ Northern
laclhc, Missouri Inciic and Chesapeake ana
i.4sEMlofN little eject was nrOiNCru. ana
profess .ouol selling failed Ia bring ont any
volume %; long stock.
Wlth Tho cXceptiou @, III. government crop
report there was no news of Importance Ia
relation 10 tho nuauc,al markets. Tho
epn;Aciic reception given 10 III" crop ne
lures indicated tn. degree OF inertia which
prevailed. Although the highly, favorable
ing am Improvement over The splcnGid ludi-
cation o.: "a month The stock 'norkc,
ihc lowest quotations OF Ia" day In tho last
hal; hour after the crop figures lad ar-
Missouri Pacific was tho couepicuously
heavy ,toet on IN lu,e recession yielding
!eorecl hy The continued delay TN announce
iuont 90: mo roads financial plans Heading
also heavy. gs u few of the less
active issues. california Petroleum. com
mon ava preferred. weerc weak the preferred
nh'4 ire" a.tent'o,n 10 ne approaching d'vi-
rlic sale was announced of $500 90 Chica-
ana + was expected maj other large roads
SttgAaes y 'he demand Or mono% i.or on
i-sernl.liy hn, tho rencrai ,nnrlc; held
steady. United states - registered decline
az 3, on call
sew lorh Ma '.-Moncy on oall stsady "A,
i'.". ruling rate. la.. closing lisre; tiuc
LOANS Weal sixty DAYS. ~ ninety Gays. 2i.N
q *. .o, INV l1., AND Al Si>7,o Tor 80
rI II.