Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-02
MARKET HAS REACTION
AND SEEMS TO ENJOY IT
Selling Pressure Develops Early in
Day, and Irregularity
Follows.
U. s. STEEL PROVES ANCHOR
1t Pulls Up Whole List in Final Deal
fngs, and Traders Are Satisfied
with Action of Market-Low-
Priced Issues Prominent.
BY nRoADAN WALL

NEW YORK. May 1.-The stock mar
Met mad reaction to-day and enjoyed
nearly pc nts in Baldwin Locomotive
at tho opening. and Westinghouse was
a aeon da around lG1' Selling pressure
Drinking reactions of about 2 points.
General irregularity followed, which
SerSed on weakness.
westinghouse declined to 103. and
Mexican petroleum lost points. But
all this time there was pronounced
strength in United States Steel. com
mon which was sheet anchor for the
!ndustrials. pulling up the whole list
IN the final dealings. Traders called
the action OF the market good
steel stocks came TO the front to-
day. United States steel dosing ut the
top figure with the gain of !, point.
Lackawanna Steel touched 40, a rise OF
more than points. and Crucible Steel
was dealt In on the exchange for the
first time in n dozen years. Bethlehem
steel moved between l45 and 1879.
Ss,peculation In this issue has almost
What the spectators call the hos,
klnh or buying developed in Utah Cop
Missouri Kansas and Texas. com
mon. was steady about H. There were
no transactions In the preferred, but
below Fridays closing. Banking in
terests associated with tn. company
arc understood TO be working on re-
organization plans which include an
Low priced issues came into prom
1nence.l Corn Products. common. rose
a point. Missouri Pacific crossed To-
Trading in Distillers was lively around
Many OF the local commission bro
Hers sun pin their faith TO such stand
ard Issues as Union Pacific. St Paul.
Southern Pacific and Reading. with
inc expectation tina, there will be a
revival or Interest In these shares
points.
s, nsnnsylvania earnings for March
VIII n net loss Of only Sl22.OG0. New
York Central fell of sl.27s.OOo in gross.
put The company was able 10 show a
net Increase OF S3S6OO0.
reports from the iron and steel trade
"cre encouraging. indicating mod
ernie Improvement in the volume of
nms' ness. Bank clcarances through
out the country showed but slight
decrease, less than per cent. com
pared with last year. Conditions in
INC money market were unchanged.
NEW YORK. Nay lin IT.. main a,,oc,.
1nn.nny short session OF III" stock Ex-
deys IN The sense that a very consi,erahie
par o. the tnrnovcr was again in so. called
nc, LIFTS IN 'hht class constituted the
, mo, prominent features. although they
Ia"t t,n"c,cd selling for proA, al the anI
s n "ns strongest OF tho motor
record ,,pr 20
OF dividend prospects 49,
,sttn"nrd stocks We're more or los. rcr.
zen und"i yesterdays lowest ouo,7,Ions
IhnuSh showinE some bcttcrmen, AT the
cIcNc. united states Steel was THO only
on" ri the speculative .ayoritcs TO sho,r
Iein''ve 't"s din"as rising 10 us best in tho
ma dealings. General news OF the day
which dealt with improved conditions in
many Ines of trade. particularly textiles
opn"nts, played little. II any mari IN ~.
Gay ,naS orer.ilons The bank statement was
nctraI cash gain with an expansion OF ovcr
$3.50 go In loans
IN. bpnh 'nnrkct was even moro irrcsi-
trading. "a
United states government coupon and reg
ik'eicd y AnG ranana 81 declined 81 nsr
cent on call during the week
NEW YORK. May i-Mcrcan,Ilc manor
S':H2s, Sterling exchange. caster; sixtv.
daS h'iIs. st..'2; FOR cables. S.7s5o: FOR do.
dollars. 3;is.