Show PRICES MADE BY LONDON MARKET Little Business Originated in Wall Wail WallStreet Street Yesterday TONE IS SLIGHTLY BETTER MARKET STRONG AT THE CLOSE OF THE DAY New York May roThe markel for stocks in New York today tody Was made almost wholly holly from London The rite amount of business origInating on this side was as insignificant The dealings for for London 8 account werE of an arbi ch character i eter except for seine apparent ent demand for European account for forthe the Japanese hoods bonds In prices in tendon afforded opportunity for selling Americans ns in that market and repurchasing in New York at a profit before they advanced to a parity here London took a ver very hopeful view of the results to folio follow the decisive defeat of the Russian fleet and prospects for peace were believed to be brighter All financial markets are agreed as aR to the benefits to their own on affairs of the ter of th the war The i issue ue of the enormous war credits and British dis disbursements has a certain effect of stimulation stimulation on the industries affected but war ar is destructive of capital and the unproductive expenditure must be paid for at the time The ad advantage vantage to affairs of an earl early peace therefore does not t admit of ques question tion There Ther was a momentary hope that t the improvement of would prove proe the needed factor fator to stir the securities market out of their ap apathy thy but the hope was as short lived Jived so S far as the N New NewYork w York markEt was as concerned T The great navAl event failed to bring back to town the lar large f representation amon amongst t the brokers who had left on Friday night with the tho determination to remain over th the Decoration day holiday The Th higher level of prices ices established in with ith London failed entirely to attract an any demand there was a languid pressure of long stocks at a afew afew few points which served as an addI addItional additional d discouragement The United States Slates Sl Steel el stocks were ere heavy vy at the advance adane and there was as realizing in Ontario Western Vestern on last weeks large gain The decision or of th the supreme court in fAvor of the New York state franchise law had bad been largely in the market but it has played a consi ier able PArt in thE recent tonE of depres depression depression sion anti and is cited as one of the instances ind indicating talin a prevailing current against the interests of corporations anti anft cap RaIlroad tram officials reported some mc to the customary mid dullness but expressed ed themselves on the whole a as well en satisfied with the volume of traffic offering The Th April net earnings of the showing a arease decrease rease of upward of 6 per cent front from preceding April was dig dis disappointIng Appointing ant and rather emphasized the effect of the poor pooi showing made by the Atchison The result in both beth cases as 55 ue largely to the of operatIng cost cORt News of weather con conditions from the raIn grain crop was more favorable dropped from neglect during the midday period but rose roose to the best in the final making the c illS strong trong Dealings in the Tapan Japanese honda dealt in on the New York exchange e were on ona a lr large eo scale le and the three issues she show gaim from 3 to 4 points Th The bond hond market generally was dull and ir irregular irregular regular Total sales saIes par value IS United States bonds were aU all tin changed ed on call |