Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-09-09
MARKET FIRM, DESPITE
BAD REPORT ON GRAIN
New Record Made by Reading Causes
Much Talk in the
Street
ADVANCES IN PAPER STOCKS
Benefiting From the War-Group
Buyers Of the Marine Issues Arc
Taking More Shares Because of
european News.
ny nRoADAN WALL.

-sEW YORK. September S.--Even the
government report confirming further
-he disaster IN the grain fields OF the
-est failed 20 check the market ma
.srisliy ,o-da% The , reason Of Its its
known for weeks and is discounted in
,he present low prices Of stocks. The
three crops-wheat. corn and oats
than 100000 bushels less than last
year
The relatively large carry-over. from
the two bumper crops OF 1914 and 1913
saves the situation, so tina; there is no
shortage o; grain in the world. Price
hurries will come as a mater OF
much money that they are not expected
TO hur, the stock market
AS II 10 reassure the Street that the
crop failure would got hurt the mar
ing made its new record OF ~
This advance in Reading caused much
talk in the street where II was spoken
of Z mystery. The only mystery
in Reading for years has been its low
price compared with its known assets.
Il is proba BILE now that the govern
memt plans 10 Imposs." tax OF cents
Union Bag and Paper and American
Writing Paper as well as lnterna,
have been in financial difficulties for
years due 10 paving their floating
debts and to finding funds TO pay the
dividends The war IS making the
paper stocks really worth something.
'"'' i.iirTLE ENTHUSIASM
Al,SogEh !nspiTSioEn coPDs E Sis h 3sselG
II did not rouse much enthusiasm among the
Sthes e2ppeTs h'S 2omessa aIe Is 81, the stdcT
Ray Consolidated & worth a. much as any
e eeSinr '1 fhs sa nn' KIM II ci,hs mat
7 in
}skn ne h nn pmN tn r ,e M PP'Ke ock IS
Group buyers Of The Marine, i; ,S NJ are
from Eppopef Each ysarf 1% aiG K '9e Mar
san9iie Marine an and A,lam,ic GU: ami We.,
Indies THIS oEtnion 'T t.St Is, 2"s w4r
tained by export cotton men thai cotton
WI sell This yen 6o at l a'FRsT eI nTGsi ha9
those Current; during ihc ,ctyii War
strip Whie Il G"ss no, sec, ne so@ks
the comnaGtss inN"IXsH very gn mnJm' Is
stocks ii s The relief e nigh nmq"ce mt r.,
shs iG Eoar s'fi .W mas nssa "S c"sT" he
manner OF forcing ;hai law inf@T .aIse ' I'm
preston Of Their nogNr FssinrH ne ri s tnr
and think ana thus prevent z S" ,i OF dc ice
strnc,ive labor battles whigh W%uI hhn nen
sueScss,ui
NEW YosE. p,snnhcr .- ,s ,n,,,,on i"
mark to-laN. but trading sizes hi =
professional character, - hHlf-Io2cn iS~'i"S
ReaainS rcristcrnd an extreme. Gnin OF
az potnts At ll2ts. It's best price OF me 'ni
ror; wear Mercantile Marines and other
sA!pptuc shares We're nGHin IN ~l""u!H'lF W
favor. tho urrtorrco rising ~ potniS Win
- tc- ,t,S co-nu'on while Atlantic Gulf ana
Wos, Indies madc new moNi,num on T.
,tsa Of - 10 50 with ~. for United Fruit.
IrSu!ratiou Conp-r also rose to the new
rc,, ri .. 6Si. on its gain OF p, points Win
concurren, strength in other metals, notably
j-n,is, states Steel welded only q frac.
ilon at most and closed AZ q net gain OF
]. point Other irduSirlals q The sum"
class were tcuuorarily higher h. 40
points The steel TONNAGE nturcs for Au
.:U>t 10 he issued to- morrow. ar" cSpc,tcd
20 show increase in unrllcd orders ms
Arairst tho small d.creas" Of the previous
Fuusrments and munitions attracted ONLY
irregular fSrthor raiu' w"rc made In such
spccialties as International Faper, common
and preferred. Union Rag and hnr"r. Drc
ferrn /. ard Tho tobacco.
RcCcSs!ons Ct I" . points In IN" general
l!st followed tho publication Of NO GOV
pa!-rrcnt OF corn and snTing whc-t
Ho,.ds were st"adN Total sales. Uar "a !uc.
:3lIO,o"o. Un!tca state, bond. UNCHANGED
on call.
%Yw YORK. scp,cmbc- ser,, -,lte
pap.r g.. Sterling: s!n'' -Gar bills SS7's.
demand SIS. - bic 81 = J." Bar -li ~.
railroad bonds steady Time lo@r. r,ca s.
s!r.y day. .. uin"'Y GaJ- =.
nonth.. 81 q -. Call none s'eao. r-..as
rate.