Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-05

Wall Street Cautious About Dealing
In Stocks, Owing to Possibility Of
Trouble With Germany.
COTTON is GIVEN ATTENTION
Advance Based on Theory That
World WIFI Consume More Of
Staple Than America Can Produce
This Year.
BY RRoADAN WALL.

NSW YORK. May wall Street talked
Mercantile Marine and tho German note.
In In., regard to Tho tlrs, there is considerable
manipulated the market and then sold out.
AS a result OF this many traders have re-
Those most intimately concerned in tho
recent sn IN move in Mercantile Marine say that
for they consider that satisfactory. They
hut sre i9fnSngSd by the labor s'uS,,on
With SIitsth, Germany /, is their opinion that a
sFe Sre w' psr,S S OF by only
that event the German ships now in America
wonid be used Tor the iransat,anur trade.
uonal Mercantile Marine
rumors from Washington and from Europe,
Amsterdam furnished diversion by fore
ssa.sins peace ana this sent the cotton mar
Of opinion among bankers was that tho
faetorH mo'r Wilson sensuse he
believe saey M, Gsr.nnny cannot afford to
a seap fs nTa w en so Sr ns
position 10 avoid break.
bANKni'' > GffR M MXGnh AS En OF
Banker. feel that any settlement OF tho
present controversy that is indecisive will
only proiong the exchange OF notes and
ssesss az This ,iae G TheEstore they arc
stocks and the public IS remaining entirely
In view Of tho uncertainty in the stock
market. professional traders are turning
their attention to cotton. The advance in
will consume moro cotton than America
can prodpes this year, , even With ths Ger Ter,
attach so much Importance to the, Ger
man srke1 although Sa he1yy
consumption has been chiefly for manufac-
turing for export.
finished u,a.eriai, formerly controlled by
market Is not suffering much as a result
Of Germany's inactivity.
NEW YORK. May 4.-rhe cumulativ" per
tween Washington and Berlin Kept Wall
day. Dealings were light and narrow from
the outset Prices were Irregular. but mani
ing OF Mercantile Marines served to under
mine tho list The further decline Of ma
rines was associated with tho dissatisfaction
Expressed at the proposed readjustment plan
submitted by the preferred shareholders
Mercant.le Marine made an extreme de-
cline OF 2H points to sSH,. or total OF l:N
from its record price of the early week.
and tho common fell l.. to %
The Mexican ETovp supplemented yester-
;M TO loiA, with more moderate gains for
American Smelling and Greene Cananca
Copper. War shares and allied issues,
we'll coppers were to points higher Mt
,imos. but receded in the final hour; when
potential leaders were nj their lowest, tho
market closing with a weak undertone.
Narrow changes marked tho days nominal
dealings IN foreign exchange. but these
again favored the German market, marks
advancing n fraction. while francs Ee well
as sterling. were inclined to shade.
Bonds were irregular to heavy. Total sales
par value. Sn.e40.nto
United States bonds unchanged on call
NEW YORK. May 4.-Mcrcan,IIe paper.
e1SL. Sterling: sixty-day bills s472 de-
nand. si..5 1916: cables. sl7G,.. Bur silver,
7e5.. Mexican dollars. 5si4. Government
bonds. steady. railroad bonds steady. Time
loaMs. arm; sixty days, 2a.GS: ninety days.