Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-08-29
PROFESSIONAL TRADERS
IN RAID ON STOCK MARKET
They Accomplish Little, However,
for Its Foundations Arc Laid in
Genuine Prosperity.
DAY OF UNEAslNEss IN STREET
In Spite of This, There Is One New
High Record, Mercantile Marine
Selling for i2-Whcat Goes Tum-
bling.
~, unoADAN WALL.

MEM YORK, August 2S.-profes-
sI"nal traders raided ING stock i f..i ,,S
foundations are Laid IN Eenuine pro-,
pcritl They did succeed in giving
Wall street i day of UnHaSln"SS. out IN
sot;c OF that. one new high record was
Bercantilc Marine sold at ~.
A%cat went tumbling as never before
-.nc" the Letter corner collapsed IN
Chicago Even cotton declined. At
IN. close OF the day the professional
character of the selling was disclosed
pv the covering movement that caused
q. technical rally, IN the midst OF "hi'h
Grain Mas 50 excited that for time
wall street forgot about stocks am"
watched the aEonleS OF tradrrS' WIN"
We're compelled To accept IN some
..sscS as 'nuch ~ II cents a huSh"l
less Tor whcn, than thcE had pad Tor
j, ON SATURDAY. ordinary Srain tom,
moro than > To = cents buSnei 50
tina, tho intensity of THIS break may may;
he appreciated II left many ,ia,;ort sfI hnrs
DccI, i'm the grain market. some OF the
Lir. nnrrators rot = notion that liGulda-
zion might hc forced and thus came the
Train closed a, about 'hr lowest
,irn,r Of tho day, with options from
n@-< To II cents hnShei under S"'ul
dav. Cotton rose carly ~ tne "aS
"nnut 10 cents q bale. and from those
Nsuros broke about ' ref rom WA" III III
from IL t" ann o"'S '''''
TN. coiiapsS in the grain marke,
VAS due 10 the entry Of Eouman'a INTO
tho war with allied t nrS - meet
S ;;5 ,,,m lh"'t from Russia and Rou-
mama. turkey seems soon 70 be Sus
off from Gcrmany An AM ~, ,nI Ie,en .a"I to
,hc .,illos of the hundreds OF miii'ohs
of bushels of Russian wheat
/, was to shu, ths wn"G ~ from in:o EH me-
,"n,' RMS csmu"irn of sturv"ti"i' tna"s,n
rated ny German NJ H.. allies. ana
s ,rat'-, "Sieh ,;@,many has been fighting
NH IN. a. To- sy IL wa, the entry Of Row,
mani, into tho war today mat 'anrH" IN, ,n'
mnhGayi IN nrf M'r inat VIII eithooi q an
..riv "ucniml OF tn p"rdInos,,s Win n I...
irrnan,!y, VIII ry'" yil nc mere DIAN usual
Morcantiic Marine Comrany. Man Of ,hot -
Hr,inr /" pS"t"ct hcr most precious shipm"nts
W munitions. England VII Imgn if'!, az
r"'" i%ins u mv far'> ,hc Nm.rian Ha his
viii increase The sarntnss 81 nc ;Er ,nt' Wv
du"o Tho war ,a% L" hc paid hv TN" , "m.
psand woq iHr T'l9 pTca t" , Tth%'
" ami" s"H mi II mHn n,mTamv apnit%bS
I +" .i,lieM no 'n are iiS"iv TO nu,nT
- t" III" Eroa, railroad s'riks; "Ghm n
.n,,,,ni,icd hardened nanivulat"rs oN-
nr III ortG n ina, T"',F2aM i. st sins
Tor nothing SO wicked has ever been don"
iu tin. financial district
u can ho said on tn. authority -,
inancicr who deals directly With IN" allies
'h.: an International order of 'Stu"cudnus
ma snitudc + being n"c"tiat"l Tn. "rnCr.
n ilaC"G, will u" tn" biggest ono IN IN" ms
tors OF tho world. nr for any material what
ov,r. and will not ,rnuir" So cial machinery
and will surrlv tho '"ru"ration with bust
SrW WORM Angus, 2S.-Ncrcant!l. pa
rcr D.. n %a,. sterling. ~iNtN-dnN NILS.
siIl'y demand Stih". cables. 81 = lit Hnr
silvt +. f6i- Mexican dollars. ili., Govern
mont bonds strong. Railroad bonds, easter.
ri!r" loans. easier. sixty havs. :7.T3: nn"N
laws. ~ 1rSi. IN months. - a call money.
steady; ruInC rate. ~.