Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-05-14
aARP REACTION ON
DIPLOMATIC SITUATION
,.ses Ranged From One to
~ oSst Ten Points-Belief Ger
.oy Will Not Yield.

80 YORK May 14.-What VIII be
-" n the German Government
4. arm note Of the United states states
= rusitania disaster and other sea
rssulting from the submarine
fass'' :, Gsrnany? This seemed to be
~, NJ most concern In the stock
Z, 81 ,odsy. and throughout the ses-
y, was distinct nervousness all
* tho list, which was directly
nous our note, and the market was
4 Ftak -, vss EXPRESSED that Germany
me esiifr ~ A., ,rressed by the firm demands
Fouo ~ ~. limited States and there
niqe sonca that she may change the
~ s.sthod of submarine warfare,
r.senl AZ sone definite reply was re-
~ s' AZ the note 1t was held that the
ea'ss. would remain very unsettled.
nAA.,. was lust about what mad been
inss,sd and IL met with general taVor'
pK.sonrb business was mostly on tho
~. Lac from the sound OF the gong
si,s, -. opening, there were no signs OF
..,sIlsation The activity however
1.s .. ~ largest on declines, and business
Ian A larger scale than for some days
Sailing. 100 cttlllON ~ ~ ~ 49,
ps bind showing that accounts that
snas.s ~, overly strong were being cleaned
~ IN the scale down large buying
~ vere put out. indicating that
. e.y,.is,ss,s e.p,.J were standing in back of the
VIZ, Losses ranged from to points
~ ~ greatest decline was in the war
s.S suoh as Bethlehem Steel Bald
Y. md Westinghouse.
s,.ndard railroad stocks were under
..,ure Reading, Union Pacific aud
c'..dan Pacific all being under the
~, ~ 'vesterday. In these stocks. with
s.itrore and Ohio, there Is reported to
I. continued liquidation for German ac-
,.nY steel common, the usual market
.,S,r on any marked movement, made
~ ssrly break of nearly points, part
4 A which was recovered.
bSrswed weakness occurred in the aft
,snoon session, starting shortly after /
,,,ioek, on the character of the Washing
,.n news on the United States-German
,suaton, dispatches saying that the belieI
Ia been expressed there that Germany
would not yield to the demands set forth
X ne note sent by President Wilson.
Nv low records were made for the day
y many issues, losses in some cases
t.lnr stretched to 10 points and over. De-
eInrs in the standard stocks ranged
around points,
fke copper shares led on the further
,,se,ion. Utah Copper, for instance, went
al nearly two points despite the belief
hAt the company's quarterly dividend
sll 10 raised from 10 cents to 81 at the
rtr MEETING of the directors, which oc-
ours theNlatter part of the present month.
TIE Street figured that the company, on
ths basis of l9-cent copper, was earning
ahout sl2 "a share. Steel common fell
below 80, loss of more than points,
nhfc Mexican Petroleum showed n loss
d over points Bethlehem Steel lost
. lei points, as compared with yesterdays
close. There was an absolute lack of
demand. The pressure was greater than
rejected In the transactions Stocks
rallied slightly at the close from the low
points.
The chief feature in the foreign ex-
change market was further decline in
exchange on Paris to a new low record,
and In this connection 1t was reported
that gold to the amount OF 100000 is
expected to come to New York from
Paris on the present movement.