Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-15
NO GROUND TO EXPECT
= tfsv>4<ss
]. IMMEDIATE RECOVERY
Dealings Mt Opening Unsettled, and
There Is Air OF Uncasincss
80 About Trading
WALL STREET is DEPRESSED
Good Buying Develops in Standard
Issues, but Orders Arc on Scale
Down, and Support Not Concerted.
r. Bonds Are Firm
ny nROAnAN WALL.

NEW YORK May u Friily's market
vac again fatal to the bulls
Dealings at the opening wcrn unsettled.
and there was an air of uneasineSs about
iiaudn;ion wS!ch S" 4syeions 'ShS'n ntr Inc Inc
forenoon. the decline orderly HI, tho
there was no ground f o- EXPECTING an I'M In
mediate recovery in prices. Aftor psiiod
had met with disaster started Ii"i.tia,ior
wafrssh and uncovered weak spo's in many
In the standard issues bun o-der< wcrc on
scale down. and Support was no: con
Bulls we're under dlSadyan,rce. BUY
ing Except for cash was discouraged Ia
sumo tho risks incidental 10 a vio,"n,
wee kened the technical pcsition Of The mar,
ket materially. and increased The coradcmd.
OF the bears. who had q field daN In Soy
e er, OF the banking houses Gonficnc" w's
yeetment encouraged. ON tn" ncoi the opin.
than the 1 rnf ma ms @ N GS,
market probably much STRONGER trau woul;
af Hn,ea fr s,n,e. the GiGs"s ga""nomS
and weak until the price .ouchcd s. where
iFf ths Tnp2St' for %eTSh " Snmsyy"n" Is
Aithoueh this Is hut half of wha, might
een GIasrea InosT mare
will follow with their orders.
,o Mas stocks We're no, hcned by tho an
sealed are delivered. American I.oco,no-
1ixs dropped p points selling at IS wher
reached the Street these shares had NO
lent acvance to g. Westinghouse showed
an extreme loss OF points. and New York
Air. Brake, which opened ut s. fell To Is.
SO p much for good news in had marksts
eliminated against as collateral in some
quarters. Dividend payers ana nondiviieni
cltnes which averaged points
missouri. Kansas and Texas issues were
about TO be begun hy uotcholier who haG
not agreed to m extension. 1t is impos
han III.
Tor the assen,et and unaSsen;ed notes,
dealers in short term issues declining t.
I Scale Scale SuyinE in ,AmaiEamqted Copper,
Hhases for foreign account
Ab rh eess are G W n a adSs .nt one OF
who never speculnt"S TO buy stocks tor his
Wife, when no thinks tina, nrce- arc right.
Names would be Instantly rscoenfsod If
Among the stocks picked ur were un!o'.
Pacific. Suesenheim Exploration. Wes,ine
Bonds wcro Grni at u lower range OF
prices. New York central dencn,u1e -
nand at this figure. Wcstinrhouse Us ;eU
of nearly points ana Wabash refUndius
NEW YORK., May H-AnNiety over the
outcome OF the International situation. more
particularly the tense relations between ms
country and Germany, was tho all per
vRd!ng fNature of to.day's stock inarNet
PriSes fell 10 points in the representa-
tive group. and TO ~ points In this issue
which have come to he designated var
stocks Loves; quotations were made In
the -final hour. with only mcaGre reCovcrIcs.
Selling was at all Vines moderate and un-
attended by amy OF tn" excitement when
accompanied recent declines.
Actual news Developments so tar as they
affected. domestic conditions were mostly
favorable, but these elements were over
shadowed BY tho restraint which affected
an circles. Bankers Gnd other substantial
interests commonly assumed 20 he in close
touch with all. phases OF tn" foreign sit
uauon counse;cd extreme caution. To such
an extent was this policy observed that
eome OF the more conservativ" brokerage
houses not only advised their clients to
close out speculative accounts, but in some
Instances refused 10 engage In new pur-
Ehases OF this character except for cash
Ono plausible !ca.on advanced in cNpla-
nation OF 'hr day moderate business was
that large amounts OF stock could not hnv,
been disposed OF without serious dcprcse ION
of prices.
Bonds. weak: total sales par value 8 30,
no. United states and Panama bonds he
ciined from = 10 per cent call.