Show WALL MALL STREET SHOWS ABILITY TO TOStock T MAINTAIN FINANCIAL Stock Market Recovers Quickly Quick Quick- ly From Staggering Shock of Lusitania Affair New York Tork l I May 8 All S.-AU All other developments developments develop develop- ments of or the week including the tho complicated com corn situation in itt the far east east were swept aide aside asido yesterday and toda today while the tIme financial markets of two homi- homi spheres paused to ponder the result of or Germanys Germany's latest exploit The Tho sinking of or tho the Lusitania under circumstances which would seem to come within the purview of or our government was waR everywhere everywhere everywhere every every- where recognized as ns an nn event o ent of or worldwide world orld wide importance and no attempt was made in the most conservative quarters to minimize Its Is po possible results In point of ot fact the tho local stock market market market mar mar- ket gave Jave the strongest proof of or Its 18 ability ability abil abil- ablIt abl- abl It ity to withstand tho shock Values fell Cel precipitately yesterday afternoon but soon made material recoveries Today selling wave wave- threatened for fot a a. atmo time to effect sever declines but again tho the list made mado prompt response prices readjusting themselves until little Itlo re remained remained re- re of or the tho early earl losses Meantime tho the domestic crop offers tho the greatest encouragement e yesterdays yesterday's yesterdays yesterday's yes yes- report on winter wheat conditions concH condi Hons exceeding exceeding all expectations Money continues easy for legitimate purposes and nd mercantile business gives I s increasing ing evidence of stead steady improvement Bankers show their confidence in do domestic domestic domestic do- do conditions b by engaging In further further fur fur- ther tIler largo large negotiations Including Including tho the hugo huge Pennsylvania railroad bond offering offer oHer- lug Ins and their thell CO 60 CO per cent participation in a n bail to the government of Argentina British capital capito taking theother the tho other oter halt half j t I |