Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-03
INVESTMENT MONEY

The marine NEht Is settled in sensible
way ard the mystery is gone from that issue.
that the Street cannot appreciate them.
Investment money is cautious again. run
tie money the stree, is ress,,nist,c. rho
short interest is growing rapidly. so that
10 Tine Win au GOOD ,radSs mar i" Hns
brokerage house to-day recommending
Ts w Ds steel n
American Linseed preferred The first nam
Cd was said 70 bs earning es per cent: l, Is
selling around 90. and Is scheduled for y
rer cent dividend. DistilIers securities ar
Yer %nrai Kin, on s:HsToS' for bonds to ne
earned. and will pay per cent. It Is selling
around 50. L!nsecd. preferred. also selling
and is being bought by houses that usually
oPerats for insiders .Sa Of that At. con,pany
ket is entirely closed. and tina, Great Rrl-
tain has laid heavy restrictions upon tho
importation of tobacco for general ccnsump-
ton American Tobacco is making fine
shelving, This is probably due to the heavy
NATION coming from, a reliable source tha-
100000 cigarettes are forwarded every week.
RAILROADS SEE no END
TO WAR FOR LONG TINE
nborality The Inference Is that they SEQ
no end to the in Europe for a long
WreckaSe of freight ears is much greater
than the general public reaI'scs. Mos, rail-
road wrecks nrc never mentioned IN news
parers. hecauss most of them arc freight
trains. Railroad orders are 10 clear tina
what may happen to the wrecked cars.
which are dumped of the tracks as rapidly
rs possible. whether they go down an emu
sfterward. II possible. This order is lve,,
up 10 r, suIine ,hess s,reruo"s days even
recently ran few hundred old to-
resher and SO, fire to thom TO got rid ..
the wood Metal parts We're. OF course
sslvaSed.
In spite of more favorable conditions op
a o. ri q,
were viewed w.th optimism. on Monday. news
OF o'har strikes declared and pending to-
gay tender TO discourage many traders II,
IN felt that wave of discomfort may
sweep over the country and such
proportions as TO urHettle the economic ba,.
ance. Great manufacturing industries arc
being compelled TO close and while il Is
able TO meet Ihc demands o. the strikers In
such way az TO eliminate serious trouble
ICED that such demands may b. made a. ,,
. IIeneer 9uieier. speedy settlement Impossible
The railroad situation into such a tanri.
mat II would require weeks to strairhten
II The meantime. IN. situation IN New
ieTk haroor shows signs OF clearing
NEW YORK. May ?-s,ocks were under
steady restraint to-day. the absence OF do .
nn,ts aaEice from Berlin and Mexico being
unMt.voFaelE construed
as tEsain I;,, a. no n,ne approached yester-
freely offered Marine prctcrrod declined
"a from its high pric" of the previous
gay ana the common yielded a substantial
,o Msr'cs an We're wesk, Mexican Petroleum
smelling The motor group was heavy,
Studebaker recording extreme loss Of
~ points Irregular declines were made
ny CFuciele Steel, American and Baldwin
Locomotives. American Car and Dlstiiing
shares coppers vera. 10 2 points lower.
a 49,, osae' s meta Issues denoted pressure.
represSive Influences. though falling oniy
VS. Rats moved conrrarily. Reading and
other coalers manifest!nE heavin.ss while
New YORK Central. Union Pscinc and ST
Paul were better by fractions to a poin;
Sterling rates were unchanged. but other
foreign renittances were variable
Bonds were irregular and aul Total
sales par value. 5000, eoo
United States bonds unchanged on cali
NEW YORK. May 2-Mercan,uo paper.
aa3* Sterling: sixty day hills, 81 ~: de-.
mand, siisi.: cables. si.6A.. Bar slvcr.
.4h Mexican dollars 5.-. Government
bonds, steady; railroad bonds irregular
Time leans, hrmer: sixty days. q nine,y
days. 50 81: six months 81. Call money
steady; ruling rate 2iz.