Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-04-18
STREET IS FRIGHTENED
AFTER BRAVE OPENING
Brokers Arc Excited Over Doubt of
Villas Death. and bethlehem
Stccl'S Announcement.
THEY FORGET THE REAL NEWS
Purchase OF iO0.OO0.O0O Pounds of
Copper 10y Allies Confirmation of
Prophecy That Warning Nations
VIII Make Own Munitions.
-, uuo.n,> A,l..


hraN" openius to-day, Wall street got
terribly frightened because doubt Was
"aSl on Villas death and hccauS" the
Bethlehem steel company confirmed
villa, Morgan y GO. announced last
week about y scarcity OF bis war
To-day traders did not stop - think
wNu'hc, ii mjEht not be considered
adNisahie TO- cover III IN" volume ~
bits Tn"> forget thal american sol
di,rS aI. SIM W pursuit uf Villa. They
even furG"t the POSSIBLE break with
Germany They saw in the purchase
~ i"".orhoou pounds Of copper 10y the
-;,ll,os RECENTLY confirmation OF tho an
rouuccm.Nt that the warning Natlors
MOULD be able from nov or to max"
"ll iEt.r own ammunition. They SAW
an = reduction by 5000 OF tho mum
Dor OF stockholders OF the United states
steel CORPORATION. a concentration %
the shares of that "omponN IN III"
hands % Wal! street operators. Usual
jy such concentration would suggest
confidence and II" Z; bull argument. bu,
r,othiu:. would DO to-day hut that Walt
Street OuvraturS hai been buying Steel
r"rklcsSIy II l. evident as a matter
81 fact 'hat '"nov, /" l,ntient sto%k-
relieved hirsof Of an OLD burden.
From WALL streets condition "f
ALARM. ono heroic floor tradcr rescued
lu- from steel tu munitions
Nearly "Tcrythi" ON tia" list r.cov-
cred slightly under this innurnc" "X
ccpt the SUGARS Sugars. distillcrs and
ssrajus win suffer most should war
r.us Europe suddenly Il cvclop tnc
ahi,iir I" iak" care 81 itself
relatively hrmor than anything else
on tho list Europe cannot furnish
products Of such companies. and if Ivy
rarli"r than expected. il would tend
TO reduce Tho pric" of gasoline This
would encourage more sales Of auto
mobiles nor" liberal us" of those al
ready IN the hands o. the public and
consequently greater consumption OF
rubber This rroIp of stocks; is the
ono selected for leadership in the first
peace Uar'Sct
While tic stability ANA big earn
inSS 81 tho SUGAR shares may be count
cd on 4" last as long as th" war, in
F"Sl"rS ar" not unnuudful Of The fact
that sugar has ho'u on" of the com
hcen ov"rsuprlicd for years Tho small
wear hClu tbrOu.'i ON" season h,it
sugar would rutura1y l." cheaper than
OYER before because Of tho scicn'i"
Will" som" companies under good
Inan"E"m'm'. nm gl' continue relative
Is iurc" earnings tho SUGAR shares as
fore. they must u" considered along
with ~" munitions as strictly war
Action Of General Electric. which
rose moro thnn . points, and of West
lnShuU>c, which declined nnly - point
net io-dnN. -ivrS q SUGGESTION OF what
ttaSy MI DO after he war. for Wall
street really ended the war Tor a few
minutes to-day. The electrical COM
pan,cs are wisely conserving their new
cash aud are paying more attention 20
their regular business than 10 muni-
tons. When the war ends it will find
them financed for a world Wild. trade.
aud II Will ind Germany. which has
hecn the rreatest competitor III this
y u =