The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-29
..New York;.
Stock Market
WANT SHERLOCK HOLMES
TO DISCOVER CAUSE
Explanation of Present Dizziness
Would Add Fresh Laurcls
10 His Fame.
BROKERS' GO HOME GnuMBL1NG
Coming Holidays Partly Responsible
for Lack of MISUNDERSTANDING In
bonds ASuin Below Recent Totals.
ny nROADAN WALL,

New York, May oS.-"If SherlocIl
Holmes. with tho aid of DIR. Watson.
could discover the cause OF our pres
laurcls TO your fame" ] remarked TO
Sir Conan Doyle. as he leaned over
tho rail of the visitors gallery at tho
close OF to-day's market.
Sir Arthur smiled quizzically. Lady
Doyle laughed merriiy
Brokers Oh the floor went home
-rumhirg At the narrowness of tho
market and the smallncss OF business.
The coming holidays were partly re-
spousible for the lack of business. Lon
dor will he closed OH Saturday. and
Whit Monday will he observed both in
England and on the Continent.
steel common opened at the previous
high figure OF 63 81 There was press
,Iro III this stock in tho London mar
bct and 1900 shares were sold through
arhitraSc in the first half hour. de-
pressing tho price TO ~ 3S. The stock
closed with n fractional decline. Lon
don was also IL moderate seller OF
Union and Southern Pacific. y de-
cision by the Federal court at Omaha.
giving Union Pacific sixty days to dis
pose of It's holdings of st. Joseph and
Grand island, had 4 depressing effect
and :he stock WAS heavy Mt los.
Missouri Pacific was strong. rising
from II to Is J-S on a rumor that the
notes would be successfully financed
within the next few days and y re-
ccivcrShip avcrted.
General Motors nuctuatcd In n live
~ fashion. After touching 9S 1-2. the
pricc dropped To 81 with II later recov-
CRY 10 81. Brokers attempting TO take
profits found thin market. 1t is be
licved that the common stock VIII be
placed on !. 10 per cent basis
The rcccu, hot spcl! has encouraged
: the bulls III American lee. y dividend
is promised before the summer Is over.
and in the meantime an advance Is
predicted for the stock. The shares
were strong ut 80 II ri the close.
Low price industrials viii lie watch
cd when the market broadcna
Central Leather looks promising.
Studcbakcr is well though, of. and
Tennessee Copper ir considered cheap
with present earnings and future
prospects,
Trading in bonds WAS again below
recent totals Denver ;Utd !:io Grandc
issues We're strong, With a 2-point
gain in the Improvement IS
Now York City bonds were II shade
easier. Although there WA a further
slight decline in foreign exchange
rates 100000 gold bars Mere engaged
for export. The Sank OF France made
= strong showing with Il gain of $1,000
uro for tho week III its gold reserve.
and NOW holds the largest amount Of
the yellow metal in the history of the
institution. With some SS,o00.oo1 more
81 New Nork'a gold on the way &c
Paris, ii is probable that exports 10
Paris viii cease.
The Bank of England. on the othc
hand made poor showing, with no
change In its gold reserves, although
the bank received the bulk Of the
Trausvaal shipments Its holdings are
still much the lowest recorded at this
period Tor amy year since 1907.
Railroad earnings for .iprn were
poor Canadian Pacific with gross
decrease Of s2,0So.ooo. lost 5000. 900 net.
southern Pacific gross earnings de-
creased $3.50 aud net S:1l. 900.
MANY OF the standard stocks will
look cheaper on Monday. as they will
he quoted eN-dividend. Union Pacific,
southern Pacific and Steel are three OF
the mos, Important,
Sew York May eS.-rho s.o,k marke,
di'ittd a!"nS Ia idle aud fui!c fashion again
to-day. flic MoNtran situation the ont
come O; Missouri Paciilc's c:,;,n.lo,uS,, AMI
io-eica conditions tailed to exercise more
iIan passing Influence LAC ~ the session
President Wilson'S address To Illinois manu-
"9a HiS antitrust program caused some
f ni,n, afac'i|m, n"i no changes In The more
eeptcd. we're hardly noteworthy. H. III: spe-
Irregular. General Motors losing mi,"h OF ~
tcycni gain while We!ls-Fargo gained five
London Was Il seller Of our securities. Ad-
nit.s rom Paris pointed to a claritcation
Tened, hut tho shorter dates and cail loans
bond DIVISION va. me s;P,..,h a. ,e OF lhs
issues. United states coupon - gained J..