| Show S i PRESIDENT BECOMES WALL VALL STREET FACTOR I. I Traders I Inclined to Follow FollowS S Morgan Instead of Harriman v S S. S S York May I. I iS S. President L Roosevelt noose became a market factor to toI today to- to I day Hud and the C fear al' al of ur his Ills Memorial lla day dayS j S 5 S speech was In Ill Wall ull street heart heRIt i S Sonic ome heroic spirits pui purchased chased stocks In hi the belief that his talk tall would bo be rca re re- re 5 S a assuring Others sold freely ln S that the tho speech would cause Hart harriman man un and the Standard Oil on people generally to tu unload their speculative lines The TheS S Morgan rot nn crowd was wm stubbornly bullish but showed howe iio no disposition to tu climb for Cor S. S I anything 4 A radical difference of opinion ex exists ox- ox between Morgan rul nn and the Harriman S people just now The Morgans were felling ellIng stocks tocks all winter and spring sprin upS up At to tu the tho time of the panic and Harriman S S and amI Iii hl his friends frIend were buying Now 5 that the tho Morgan lorgan JI people have hR turned turnell lilt Harriman people have also turned S. S J It Is an open t that nO Rogers Harriman lIar lIar- riman and nd Stillman were ball badly I hurt hurtIn S In Lii the market recently Wall all street Is Inclined to follow Morgan lolS rather S than Harriman now anti and for that reason reas 4 5 5 on the thc Presidents President's speech Is perhaps cau causing sonic some good burl buying It Its ef effect ef- ef J j Lect on un the general public however l Is i Y yet t to be lie seen and many brokers who 1 nrc mo bullish at nt heart are arc a advising their ft lends friends to lo stay out of tho thu market to tok k sO ce what happens on un Friday 1 5 I H ft t is known that are alo bein being absorbed into the hands of persons person who vho will w hold them Th The S small bu buying will take a month I tu to 1 make malic itself felt In a broad wa way but i It S is 1 more substantial basis for a marke marJet than It I i. i possible to tu have O Bankers S S S who have o recently returned front from LouS London Lou Lon S don s-a s say that pessimism is rampant there are al ut low v record prices and the British public is dis dis- S. S S heartened They have o unloaded inos most niost 4 5 of Ut their American stocks es however S S aU any chan change c In sentiment there inus mu must mustS mustS' t S' S Improve c thu tho international lISt In lim time tile Sheet j A call on S the thc banks from rom Secretary ou Ks hu expected at any time S Wheat dropped III 11 nearly three cents S a bushel In Jut Chicago u and some grain S brokers are arc willing to a admit that there 5 could coul be bc a crop after all aJl In tact fact some sorno large planters of ot wheat say ar their thell ne neI I looked better The he heavy selling o of or copper stocks was vis credited to time the Rockefeller I outfit out Tho llO close was as highly Irregular ular with copper tumbling London closed weak calc S Tho The local market close closed in tie tic S if midst of a slight rally rully following wIng great k depression S Huu c of or Price The Thc range of or prices was as as as i follows e en S. S CI 4 Am n C. C r. r F F. 31 oN 1 33 I 5 Am Smelting JJ T t Am Loco C MV W a z Lc A i Am m m. m Wool t 24 21 Hs t 24 24 I 4 Amal Arnal CO Couper fler S i S Ana Aims na Copper CO f i J 05 5 1 jS 1 Sti I J 5 ti 3 fl B. B and and 0 O. 9 93 W Ji 2 9 92 i. i H. H T. T Iii 1 T Brooklyn n 4 0 COM iS h 6 S IVi Canadian 16 i lS 16 S Clues Clies and Ohio 32 2 3 32 i. i 25 C. C M. M and St. St P P. iz j 12 1414 I 2 5 Colo Golo F. F a and 1 I. I 7 2 27 j Ia S irlo Frio 20 0 o o 20 COTt O i Jou J. Hn and r- r r H Mexican I Central nl l l IS 19 19 19 j. S Missouri fJ Pacific 72 73 1 HI S 9 I M. M K and T T. li 31 COVi do tb preferred 6 62 6 t. t 62 II N N. Y Central 10 3 r X N. Y O. O and W. W 31 3 3 32 31 I 32 3 S Nor or and cst 73 3 71 t 73 i 74 National Lead Leall 51 57 7 9 SS' SS S Northern 1 12 1 4 l l' l J 11 1213 Penn Pennsylvania I anlu t. t S Peoples People's Gas 89 SS t. t f I Reading 97 S I. I 1 t j 9 O i 1 1 floe Hock Hoel Island 1 18 8 lS IS lS lS lid net I I. I and S. S 23 2372 h 1 n J 23 r Southern Hallway 17 l 17 17 li 17 1 Southern 71 BI 7 75 I 74 t 7 1 4 c Union Pacific 1324 13 1 1 i. i i- i 1 J. U. S. S Steel 31 n 2 1 t J t 8 do o. o preferred 9 97 96 I 97 91 4 Utah Copper 2 25 2 ilk 1 25 1 Tennessee Copper 36 h 3 s' 36 36 G c i 1 1 13 l I l it Total sales sale k 6 Money closed close 1 I- I her Ier cent |
