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Show STEADY IMPROVEMENT IN THE WALL STREET MARKET Traders Who Were Bearish Before the Opening Change Sides; Crop Prospect Inspires Confidence. NEW YORK, May 9. After a bad start today, the stock market made steudy improvement. im-provement. Indications favored another decline, but the market developed un-eNpoeied un-eNpoeied strength. Last prices were fractionally frac-tionally over yesterday's close, with manifestations mani-festations of real strength in a few Issues, Is-sues, including Reading and Chesapeake it Ohio. Traders were bearish before the opening. open-ing. Tile overnight news concerning Mexican Mex-ican affairs was disauietins. Prices of A merican stocks in London were lower. The Missouri Pacific problem was complicated com-plicated by the decision of Kuhn. I.oeb & Co. not to finance the company's needs at this time. United States Steel monthly tonnage, figures reflected the continued slowness of steel trade conditions, but the decrease of 23(0i)H tons was not larger than had been predicted, Missouri Pacific Lower-Missouri Lower-Missouri Pacific broke nearly 2 points on sales of 3000 shares at the opening today, to-day, but later recovered. The expected gain In cash, amounting to nearly $7,500,000, was shown in the bank statement. Bonds were irregular. Rook Island bonds were active, rising J to 13 Total sales, par value, 1,002,000. United States bonds unchanged on call on the week. Temporary satisfaction of the demand from the shorts left the week's stock market mar-ket in a flabby state. This condition was aggravated by the leysening of confidence in the success of mediation in Mexico, and toward the end of the week the market mar-ket lost ground. Disinclination lo embark em-bark on speculation either for a rise or fall was a characteristic of the market, i : Crop Prospect Good. The crop prospect constituted a backlog back-log for confidence. The government formulated for-mulated the promise of a winter wheat crop of a hundred million bushels in excess ex-cess of last year's heavy yield, and defined de-fined tlie forward stale of other crops. Business, however, still hesitated. Shifting of the demand for gold from London to New York threatened stiffening of interest rates for money, although tho continued accumulation nf funds here on transactions with the interior and the small requirements of the business world made unlikely any marked tightening of the money market in the immediate future. fu-ture. The struggle "with credit trouble? of various railroads burdened the whole market. The selections for the federal reserve board made a good impression. In Europe uneasiness was renewed over Ulster and the Balkans, with the suspicion suspi-cion tha t gold absorption was going Into war chests. |