Show ROUBLES Or OF THE IKE STOCK BROKERS Rumors R of Impending Note Is Issues I sues Bear Heavily H Upon the Speculative Mind MUCH MONEY NECESSARY INDUSTRIAL CORPORATIONS SEEK CAPITAL New York May MaT 18 The attention of ot operators oIl in stocks today was turned ap apparently apparently from the tho wheat market and was as diverted to the troubles more nearly con concerning concerning Its effect The trouble of ot mind was waa due mostly to rumors and to the Inference drawn from reports rather than actual developments Prospects of addi additional additional additional note Issues seemed to bear heavily on the speculative sp mind and rumors were afloat of some incursion into th the field by industrial corporations of the first class where railroads hitherto have havo been the tho largest seekers eckers of accommodations tiona Inference was drawn from the re report port po that New York Central interests were about to withdraw from the directorate of the Chesapeake Cht a k Ohio which were hurt hurtful hurtful hurtful ful to their th stock stok oc and by y sympathy to the general Some Som friction between New York Central and Pennsylvania in interests inte interests te was Implied in the rumors cur current current current rent on those transactions Another center of depression was the stocks of the New York public utilities for which there was no clear explanation beyond the old subject of ot the pending public utilities bill at Albany The fall in prices of stocks was in progress while wheat was reacting sharply in response to profit taking on the wide advances The bank statement while favorable pro no unexpected features the cash increase confirming closely to the prelim preliminary prelimInary inary mary estimates and the small smaIl loan con contraction conI I traction helping the strength of ot the post position tion of the banks The easy tone of the nona ond market was an element in the gen general eral depression prevailing Foreign holi holl holidays holIdays days subtracted one source of the usual participation in the market Total sales of bonds par value The ThO stock market in New York has been m n an almost torpid torpia state this week In with the securities market at all the t hI great money centers Elements of the financial and industrial outlook serve 40 keep down speculative action and the demand is II Ita io lot sufficient IP U tl wake make any Impression on prices The professional trading element have hae the market markt practically to themselves and they follow an opportunist policy seizing on onny my ny special development to take a In the llope lT Ir pe that it may b be the tile her herT T ld hi of some outside activity in stocks These hese se hopes have hae been disappointing and if It temporary fluctuations in prIce have havo porn sluggish and inconstant in conse have been sluggish and heavy 1 States new 48 have declined 4 Pt on call all during the week I |