Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-05-20
ACTIVITY DECREASING,
BUT STOCKS ARE STRONG
Despite Weak Spots in Market, Issues
rs Whole Gain Dur
ing Day.
C. & o. TAKES 2.poINT DROP
Unfavorable Action on Dividend Is
Anticipated at To-Day's Meeting.
Steel Common X Strong, and
Is BuZz-Saw To Room Traders.
tnY nRo.DAN wAI.l..a

NEW YORK. May lo.-With a further
n ne,ncs e. in actiyity, stocks as a whole
sion on the Stock Exchange. There
T'ere weak spots. II : ..,., Nc
Pctrolcm showed n loss Of ND'u'r
from the high. but this was offset Ivy n
5-point ris, tn Eufr.
Eric was strong and Missouri Pacific
patton OF unfavorable action on tho
dividend at ;o-morrpW =
. points Standard issues such as
Steel scored gains, 90 the WAY stocks.
Wcstin ,housc showed pronounced
strength and Pressed steel Car was Il
Mexican petroleum was moved down
eiShths ana quarters under n rapid
fire of unfavorahle rumors including
ability of the company TO fulnll its
contra cts to deliver oil in England and
tales OF Conla rrations al tho wells. But
moro substantial than these were init
nations that certain houses had been
requested by their banks To reduce tho
amount Of the stock now being carried
in loans The buying on the break
looked like accumulation ny insiders
steel common was strong. This stock
is buzz saw To the room trader
who was caught coming and going in
to-daNs market. In the early dealings
they. played for an advance and tho
stock fell OFF. They turned bears and
dertone Of strength In the shares which
Is besinning to command attention.
ihNnort demand Tor steel products IS
and half ago, upon the revision OF
the tariff, European and British manu-
e pfees s1ee ba hsEe IS
now holding up quotations while do
mestic orders are withheld.
ket, by an attack on Missouri Pacific
liauida ton q moment folitoSwed, and nd
the price rallied TO Il.
bond
narrow. Eric convertible BIS we're in
demand demand at ady Toa prices Missouri,
Ect. Wabash Reminding As. Equitable
Trust Company certificates were lower
on selling for German account.
Brokers find quick transition from
activity to idleness irksome. but are
powerless to change conditions and
ulat.on until our own position in the
war game becomes clearer Delay is
the hand maiden OF diplomacy. and the
street has postponed expectations OF
an incentive to renewed activity until
next week
lures to-day's stock market was altogether
a repetition Of the previous session. Deal:
price changes Irregular and narrow In
ternationai conditions were once more The
Iondon's markets rejected the concern
fsit IN that quarter rcgnrding the i'm
pcHulrE changes In the British ministry.
Except for spec!alties, extreme fluctuations
we're within point. Mexican Petroleum.
weakened on rumors .. FIRE GamaC. 20 n.
companys property and way shares
to points on extremely light sales
Secondary railway shares like Missouri
Pacific and Chesapeake and Ohio were
heavy. the former because o: \ reported
hitch In tho plan II cxtend tho s25 1901 ot
rnmors that IN. forthcoming DIVIDEND !s
likely to he suspcnt"i.
The local bond .asrke; was steady a,id.
from weakness IN WabksA Is which .e..
points on heavy Offering. United Sta-.S
u re- cent. respectively. On call.
NEW YORK. Nay ::-,.e--.-,,,. aso.-
:i.7i. Sterling sIcHe.re S:-ty-
day hillt. &4-i ~ cables .i-:.s. "a g..
na7d. H.-g;. B2- s.lve-. -. Ms&.rsz co.
lars. s.. Gove-r-2.-, BINDS s:-.-r railroad
bonds. steady TN. loans easier Sky - ii
ninety 1ays, .'.Cj, SIX :-c::zs g-.S:
Cal! money, s;HacT: -r,;-E "a.