The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-04-13
AUTOMOBILE TIRE
STOCKS RESILIENT
Duo TO Bnoyancy impaired by Great
Aoipmfc nf Air Pumped
Into Them BY Traders.
FRENCH BONDS ARE LOWER
street PAYS More Heed Daily 10
Slowly Closing Jaws of Germany :
Great Trap About Vcrtfun.
NV RROApAN WALL.

New York, April 12.-Automohiie
tire stocks we're active today. but
everything else was nat in Wall Street
The resiliency Of the tires seemed TO
Ire due to the natural buoyancy i'm
parted by great volumes OF air
pumped into them by the floor traders
who had nothing else to do
Brokers were glad when 'he s
o'clock gong rang 70 release them
from the strain Of doine nothine
Although the stock market was
trivial affair serious things happened
IN quiet way French exchange
sold down 70 q new low record for
the year and marks were relatively
steady. Anglo-FrenCh bonds were
quiet but heavy Bankers felt all
DAY that affairs were developing At
Nerdun. and set. in view OF Wall
Streets pronounced sympathy With
the Allies. the military developments
abroad were not 81 all pleasing.
President Wilson came IN for much
discussion and the Street repTrssrd
its dispieasure that the Sussex affair
has apparently passed without
break. Wall street is accusing the
President OF PLAYING politics-rnaEine
things look worse than they are IA
order that ne MAY have the credit -
settling matters
=
interest is outstanding for the account
OF professionals. there was slight
rally toward the close but the ralN
was strictly professional and really
weakened the markets technical posi-
ton The public is absent even from
the investments houses for II Is wait
ing 10 buy stocks on the hig break
that is expected when relations arc
severed with Germany
Some Comparative Prices
With Baldwin selling ~ los and
the American Locomotive selling at
II, II seems reasonable that the bull
pool In American Locomotive should
he very glad TO dispose Of its stock
earnings, Baldwin is too low or Amer
tear 10 too high silver sold at %
Hew high price for this wear ard there
was much inquiry about the Street
for stocks Of silver comparatively.
So little js known OF these issue how
ever that the inquiries resulted ia
hut little The Street coHtented Itself
with thinking about them. but could
not develop enough emotion 10 buy
any. Ontario Silver and American
Smelling on the inside market. and
Nipissing on the curb were all heavy.
The European situation thwarted the
bulls in every direction
Missouri Pacific Is being picked up
quietly by class Of investors that
should make great profits under cir
cumstances that nov, exist The stock
has been assessed $50 share. The
FIRST instailment Of $40 must be paid
tomorrow Stockholders paying this
assessment get FOR each 100 shares
OF the old stock 90 shares Of the
new pius S5.000 in general mortgage
4 per cent bonds These bonds are
quoted at 10 making them worth
s3,5oo for each 100 shares The
stock sold under S. today. so that
with the assessment paid. it would
stand the purchaser 5000 minus
s3.B0o, or $50 2 share j. rs ex-
rected that as the installments Of $40
each are paid from time 10 time the
81 on wlii reach 4 lkAs1 2aa N s@b a.
share, making very handsome re-
turn on the OUTLAY