Show M MI I t M J I I I FINANCIAL AND COMMERCIAL 1 4 t i r jp IN STOCKS 3 PROMPTlY CHECKED BY i i t HEAVY BUYING ORDERS 1 N Cw en w York May Ia The 8 8 The net result of r today's stock market markot session is calculated ta I l to dispel all doubt of oC this country's coun coun- u try's ability to maintain Its financial 3 r. r t equilibrium In the face faco of trying cir clr- 4 1 Overnight advices in conr con con- connection con con- r I. with the of or the Lusitania Lu- Lu carrying political Implications of grave crave Import were expected to find t direct reflection in tn values of securities j As s a a. matter of or fact the thc market broke broko I severely Ft in the first fifteen minutes 3 stocks throughout hout the list declining a from three to ten points From that k r time almost to the thc end heavy buying 1 orders brought a restoration of at normal conditions man many important IssueS Issued closing clos- clos ing with nominal losses while a few rew showed small gains Somo of oC the war specialties like Bethlehem Steel and Westinghouse house closed the day lay with losses of one to four points while seasoned stocks inthe in inthe the railway list showed the tho ef of effect er- er feet teet of ot what is technically called good good goo l buying buln Much of or the thc early earh selling was traceable to the sho shot short t interest while foreign offerings also added to the tho deOn de- de i. i cline I On the tho whole ho however or c London n where bero the feeling was one of oC cute cut de depression de- de took no considerable part Inthe In the tho preliminary liquidation There I was a further weeding out of or margined accounts and conservative brokers advised ad advised ad- ad their customers to refrain from making m new commitments over the week end Total sales ales of stocks amounted to shares hares I Banker B. and representatives of oC the stock exchange conferred before the opening of oC the market marlet and every even pre pre- caution was tal taken en to keep speculation within bounds The mone money market was not n a factor all nIl loans mode made mo e yesterday holding over until next Monday Little attention was paid pall to the bank statement which reported an actual cash toss loss of oC and a contraction contraction contraction con con- in the reserves traction of 7 Exchange e on London was higher atIt at atthe It its the opening but reacted later ft r To what whal extent the Lusitania disaster ma may bear on tho the exchange markets remains re reI remains re- re mains a conjecture i I Bonds were hea heavy and active rr Total ni sales par value r agg-r aggregated gated 3 7 United Slates States bonds were unchanged on en call during the week n. STATEMENT S' May Investments S.-Investments S. S Investments b by federal reserve banks increased durIng during dur dur- dur- dur during ing last week nearly nearh ac according according according ac- ac cording to the tho statement of condition May Ia 7 7 Issued today b by the thc federal re refer rese re- re fer se tc c e board It shows HE RESOURCES SOURCES Gold coin and certificates Legal tender notes silver er atc and subsidiary coin coin Total Dills Bills discounted and loans Maturities within thirty days das 5 nn Maturities within sixty days a s 's 12 Other Total Total Investments 1000 Due from other federal reserve reser hanks banks Items in transit t 1013 L All oth other r resources s Total Total resource LIABILITIES nc Resources Liabilities Capital paid In 53 n 2 Reserve d deposits In circulation Clr cir Federal reserve reseT notes net liability All An other liabilities Total 11 liabilities 11 i tie Gold rc servo reserve erve against not net liabilities 29 9 per cent Cash reserve resel a against net liabilities 54 lL 5 r per cent Ca Cash h r reserve against liabilities after aCter settin setting aside e 40 41 per cent gold reserve reser against t not net amount of Cc federal er l reserve riots notes s In c connection PC per cent cell HONEY New York May Ia S Mercantile S. paper S 3 31 t Sterling exchange e firm sixty day bills for ea cables bles for demand 4 4 80 Mexican dollars 38 LIVE lnE STOCK Chica Chicago o. o May fay ra 8 Receipts Hogs Hogs Receipts Market steady to a shade higher her Bulk 7 j 30 7 45 11 light Jh t. t 7 20 I 17 66 65 mixed hea heavy rou rough h G pigs Cattle n Receipts Cattle Receipts Market stend steady Native beef beer steers 6 flO western ulcers steers 60 cows and heifers 3 GO- GO calves 6 50 00 Sheep Sheep Receipts Receipts Market 1 steady I I. I Sheep 7 65 lambs 83 EVAPORATED POIL J New c York May Ia S Evaporated S.-Evaporated ap- ap apples ap ap- plea pies Inactive prunes primes stead steady apricots i r and peaches neglected raisins quiet XI V Mi L STATEMENT New ew York May S The S.-The The statement of cC the tho Actual condition mn of clearing house hour banks janks and trust companies shows that that thaO 8 th they hev hold holl 40 reserve e In excess s l cf tf legal requirements This is a a. decrease de do- crease of 01 from last week I YOL OL i London May Ja S. S At A At t the tho wool auction axles ales E today a medium selection of or hal hales bales w tv 1 offered The demand lemand war wan rood good Withdrawals were small o oln owing ln to o the recent hardening hardening- of or the marten mar mar- kc ten and medium fine grades arc are now only from florn par to 5 j 1 Per er cent rent below the last sales salce and tho the inferior grades rom prom 5 to 6 61 51 per cent PRODUCE Elgin in Ma May Butter S. 8 Butter tubs tuba sold at 2 27 cents and at 27 S 28 cents Chicago May rIaS S. S Butter Butter Unchanged Eggs E 8 Higher receipts 2650 cases At mark cases Included 6 or or- firsts 16 l 3 a 1 lH firsts 1 Q Potatoes Rec Receipts 32 oars hl higher h r. r J Michigan and Wisconsin red 8 do White White hl 0 7 45 5 1 Alive Alive unchanged i I Dw DW YORK STOCK LIST I II H I L. L I Cl I J Gold 34 32 33 Amal Copper 68 61 i rr Beet Deet Sugar Sural 2000 2000 13 H 44 American Can 1 1100 34 Hi 34 33 Am S. S Ref 66 64 66 65 Preferred I IAm Am Sugar Hugar Ref ner 1700 1076 1061 m. Tel reI Tel rei 1100 1191 Am Tobacco 20 2291 Ana n Mining 33 Atchison ow 99 98 99 Ball Bait Ohio 7 72 7 Brooklyn Rapid T T. 1200 88 87 Cal Petroleum 15 16 Canada Pacific 1564 l G Central Leather 6 Cites Ohio Ohio 00 44 Hi 43 ChI Gt 00 all lU 11 11 Chi M. M St. St P. P 2900 U 90 91 II Ctrl Chi 1256 Chino Chine Copper 41 43 Colorado P. P I. I I. I 2800 26 26 Cola Colo Sou Southern thern 29 Den Denver e r R G. G 7 Pr 12 Dis Securities 1000 12 12 Erie 25 6 2013 25 General Electric 1900 1511 UH Gt Gl Northern pfd 2700 Un Ili Gt Gl ore are tits 32 SI 51 3 1 I Guggenheim Gug I Ex 66 56 66 Illinois Central Inter pfd pd 69 68 Inspiration Cop 29 27 29 Harvester 95 96 K IC C Southern 2200 27 Lehigh Valley 2200 1351 Louis Nash 1194 1193 Petroleum 76 H 74 Miami Copper u. u 2600 2500 21 23 Mo Kan ICan Tex 1100 12 12 Missouri P Pacific 2900 13 13 National Biscuit lE 1171 IH 1171 I National Lead 9 07 1 s Nevada Neva a. a topper Copper 1600 Hi N Y Central 2600 84 No N. Y N N. N H. H li H. 2100 65 Norfolk V West Northern Pacific 1100 1051 1032 1043 Pacific Mall 00 20 20 20 Pennsylvania Pull Palace Car 1622 1621 Ray Ra- Con Copper 23 Reading 1421 Republic I. I S. S 2000 25 1 25 Island Co Preferred 2 Southern Pacific S 89 Southern Railway 1400 17 16 IG Tenn Copper 1100 30 29 30 Texas Co SOO 1261 Union Pacific 1251 13 Preferred Us Ul S. S Steel 1 54 62 52 Preferred 1063 1062 1064 Utah Copper 61 63 abash 1600 1500 1 ly 18 15 a 12 Western Union 1900 65 Electric 89 8 82 S SH Montana Power GO 50 49 50 Total shares for tor the da day T. T |