Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-05-18
STIlCKS EASED OFF
THROUGHOUT LIST
....,ross on a Very Small Scale.
mad, Trade Balance for Week at
& et6403,7 ,764.

voRK. May 1s.-The stock mar
vas a very uninteresting affair
,tsdIns fell off materially sales dur.
~ 4. sarly dealings being at the rate OF
N 10000 for the hVe.hour sess'on on.
Z.ss ~ was an absence OF ueinalu Lor
Iane We trading, what little there was,
fpeAs az a professional character. All in
f,s y General disposition throughout
fh .t wv vas 20 await the reply from
TO v 10 our firm note, and pending
Ven'a as thought the market Woulu
in9 .how any definite trend
neI ssow inferred from the speech by
ssr, wilson here yesterday that the
b.srs etatas would not back down from
the demands set forth in the note
.,ehed to the German Government
dapa, dap.sa' arbitratlon would not be agreed
Tbsn too, reports had II that GER
~. could not discontinue her suDfna-
w uarfare Thus, when careIul consul
n.uy y, ,yos argued, it is still very acute
len .sors traders were inclined to sell
~ for a turn on the belief that tho
ess, souId not advance much more In
80 OF conditions.
onsninp was very irregular, with
s,aiority of the list at lower levels.
49," wv ,irtually the whole market was
s.s.r s prices being down on the average
,eint while in some cases the loss
vs, greater. The largest declines
W. IN the specialties. Steel common
Va peadlng we're under particular press
~ 10Th being over point lower petore
noon. .,,. manning the
eonner shares held up fairly Well put
AZ loo. submitted to the selling pres
RTant
IN lime. and went off. The steadlness
s~,he ooppers was largely due to the
~ sAS,,ncenent made in Calumet that the
ssts superior copper companies are turn
~ an, enormous quantities of copper for
~ limited States for use In manufactur-
de- sssnm,,nitlon. The Quincy company,
sor Instance has sold nearly all of its
nitro output for the present year. The
r,lumet and Hecla Is said to have sold
is entire production through December at
K rrlres above 20 cents. In view of this the
indlcatlons are that the output for the
YEAR will be exceedingly large.
while there was no increase in the the
smount OF business DONE there wds de-
tidedly firmer tone in the afternoon ses-
slon. and prices moved UP from the low,
but good-sized losses were still shown.
The market closed weak.
day. An encouraging item was the
weekly foreign trade figures, which
showed that during last week the bal
snee In our favor was SIG, ,403.764 This
10 decrease from the total reported in
The previous week, but our credit on the
right side of the ledger is still very large.
President Rlsley. of the Atchison, esti-
mates that earnings of the road for the
fiscal year will be about per cent. on
ihe stock now outstanding. This would
cumpare with 7.39 per cent. earned last
rear and $50 per cent. in 1913. Atchlson
stock, however, was off in sympathy with
he remainder of the list. CRANKY Con-
nlldated directors met, but took no action
on The dividend.
In connection with the weakness IN
Missouri Pacific, which was down over III,
many rumors were in circulation. One of
he most persistent was that George ].
Gould had slgnfed his intention of not
sdenoslting his s6OO00OO of bonds with the
lnlon Trust Company for an extension of
one year in accordance with contemplated
plans for taking care of the roads fin
ances. Persons who are usually we'll in
formed said that Mr.. Gould had not even
animated what he intends to do.