Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-19
PRICES OF SOME STOCKS
ARE MATERIALLY HIGHER
announcement That Steel Corpora
ton Buys Its Own Bonds Makes
Most Impression.
OTHERS MAY FOLLOW THIS LEAD
Ease With Which Market Resumes
Upward Swing lmprcsscs Traders
and in Afternoon Wall street Be-
comes Quite Bullish.
Br BROADAS WALL.


NEW YORK February ls--Nr"riv evrrE
stock dealt in Ivy Wall street today showed
an sdTnrGs n DT ,nc ,nI hu cepr"r stols AND
Jrtcrho-ouch attracted most attention m
tcrest WAS a".kersd %m'e m n,I re-
part ~ tho Goodrich COMPANY. 'N"nionici'i
! re ports from England that the government
dd no, intend TO nN a MAXIMUM iF"Eh'
rate caused a renewal OF speculate" III
the marine shares
Tho piece OF financial news OF the LAY
that MADE the most Impression cr tho
street was the announcement that 'Mc Stc" I
Corporation had purchased about f23N'n"n'
Of It's own bonds from tho British govern
,rcnt This WAS looked upon as illustrative
Of what viii harpCm in many r"Ti~si''y viii
no, nc paid out In dividends. 50 much as
,ncy MI, he ns'! @"i IN SG nrnn"@ Ponds
aud notes Will disappear ~ the wagon
Ease with which tho n,srkc, resumed Tho
trs3~rs. and in tho afternoon Wall street
became cutie hullish. The close VS. urn
Win Tire boar ranks thinning rapidly.
I-aiershtp OF copper stocks In ,hc market
t"-daN vas not a snTrr'Sns ininS IN r'' 'n.
OF ~" substantial character OF nc 'oonp"r
mining business. Tine Vas whom t." imam
otc's 81 GOOD standing cared TO y" idcnti-
neo with mining c",nranics Rut modern
processes Of exploration, development aud
e>,,.ct,on hcvc placed COPPER mintnS In
:, rlas~ 10y ,,ssif. TIE big copper mine now
is really = manufacturing concern.
Speculation IN 'cncmy' sccnrtiicS - siv:
sseurs,ies are tnos, issued by coun,rv
a, war anG standing IL the name OF son 6
Nae hcen conTsca,eG hy tho rriiiyh sovorn-
men: r~cru." they were owned Ivy Ger
many. snt ;l'at dos not make an 'eneny, =,
doc> not affect the valuc-simp,v raises n
oues,ior as "a the ownership. But lap
.or,c "alie because japan VIII not recoc-
nlz" the bond whii" tho war lasts Wall
\. cror7 % 10 is points below the price n
which m" sam" sccuri,ics soil whom in
.heory Is that after the war such secur,
tics r!ll be recognized and al back In.
tcrrst paid.
'j"odrlcn Is classcd among tho motor
stocks because It's chief business Is making
tires, and its strength to-day was followed
NY , strengthening OF tho entire motor list
Earning are running a; the high rate
that they well above - per cent.
rcIleral rccovcrlcs from low levels OF tho
. ca-!v wcch we're registered III to-dny's dull
. dent "rd stable Less attention was paid
zion w.s rivcn to such po,cm, factors as
excellent rai,wav aud industrial earnings
and heavy hank cloarlnrs.
Copucrs and othcr metal shares featured
4. the or rat'ons 20 an unusual degree. Amer
icai, lines MAXIMUM OF s''s was accom-
;hat issue the leader. War issues we're
mainly, IRREGULAR. but came forward in the
. under Intermittent pressure. like re.roicums.
. american W"oen and some other obscure
spsclaitics. bat sugars. United Fruit. Mer-
cnnHie Marines and American Tobacco
proved more than Offset. Rails we're
firm md under Readings lead made u
further response 10 moderate purchases.
Quilted states steel was moderatcIy ar-
tive. hut strong IN connection with fore
".sts OF record breaking earnings tor the
current quarter. and tho announcement tina
. Il rad acquired from abroad approximate
" S?SooNoNo of its Grst.mort gage bonds Tor
rlnbtrS fund purposes
So, quotations of the day wcrc r,adc In
the h'nl hour. rails then contributing r,iora
fcneraH" 10 thc stronger tone Fiua! prices
wc;H II shade under nlaAInums. Total sales
o. stocks amounted to IS oOo .harcs
hcnds responded to the Improved tone q.
stocks aihourh trading IN thar Givlslor
m"s normal. Total sales, par value. were
Jn''"d States bonds were unchanged OH
NfW YORK., February IS Mercantile. pa
ncr 2"H, Sterling. siNty-dav bills Si7ii; .
:. ss: 't,s.t; cahlcs <,!d's. Ear silver,
i'on'is. -t"aGy. Railroad bonds steady. rime
loans easy: sixty davs, ?'.n@i.: ninety dlvs
~ months. "7.N2 call money steady.
'HhHE rate. -,