Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-22
TRADING IN WALL Street
ON VERY LIGHT SCALE
Fairly Successful Work Done by Con-
structiyc Party During
Day.
SHORT CONTRACTS COVERED
Talk of New Automobile Merger
Is IIeard-E.yidcnce That News"
Regarding Tennessee Copper Is
Not DiSintercstcd Comes 10 Light.
nH nnnAnNN NAIL.

NEW YORK. July cl.-Fairly sue
cessful work was done by the con-
structive party IN Wall street to-day.
although trading was on an extremely
light scale. Considerable covering OF
short contracts was iudulEed IN. par
tile Marine and Mexican Petroleum.
United states Steol was strong hut Gull.
Quiet accumulation characieriEeu lno
general market. The street as who!e
wants to know how much extra diNi-
dend the Steel Corporation i going
to pay mex; week before II gives itss!i
up entirely to the idea OF bull mar,
ket If there is an extra dividend
and il the market docs not break on
It, III pGSiS wil t %atG adv 1
prices. Denial Was made today from
London OF the report OF per CENT
tax 10 be levied on Mercantile Marine
earnings AS the original report was
contained IN an official announcement
alleged TO have been made III Par
what the denial" means. Nobody said
the tax had actually been levied me
denial caused an advance Ialk 81
n new automobile mcrser MAS neafd
but the reason Willys-overland adj
vanCed was that the bears have soid
too much Of II. That vas ;nS m. an
motor list. Earnings had nothing 10
do with it. for they Were. good during
The sfSe mt ssSSTS r StsaG
see Conner is not disiutcroSted was
seen to-day in the publication of sew
eral statements known to be talss
see Copper Company ana were alHnE
the same line as similar statements
published months ago hUllirG certain
war stocks, TIE attacks on tennessee
Conner have heen traced - an IN
terest with which the manaS cement mas
had business quarrel The matter
has become SO serious that numerous
suggestions were heard to-day IN tHe
Street Of the advisahiIity OF eniorc,ns
y Y '
Dissemination OF malicious!y false
statements regarding PROPERTY, HTook-
lvn Rapid Transit Is the only company
that ever made use of III" statute. aua
its grievance was small compared with
that suffered by the Tennessee CoDper
Company-unless honorable direri9TS
According to an tntcres; iienuHod Win ~
COMPANY tho matter Of returning =" Ni%
LAWYERS. and II IL has to Do returned there
are bonds enough in the .r"e.ufy ,,,orrFFS
that the Are that made the co'nNanN IN.
able % .rlai rs contra, as G.gn ,f I,,'
sis ana shat therefore. the are does no:
void tho contract which tn" cowra"s $
nov rsndy. 70 MI. having comi.''%i Us wv
tnr any person to sell short stcck %: rorr-
hh si,y.g Nm, Th;'n ,hr shSri .3.erss in sre.
500 Copper Is ourstandine for the acrorn O.:
tors are io.ns things in the hope .: ?nr.
chasing hack 4, low prices stocks sold -
Wall stree, re,usos 20 believe that Any
r-our Of real estate ope-A'o-s vii a;ts'n7'
10 manage tho Nickel Plate Railroad
Gently purchased from The New York Cen.
30 tho reu, owners Official dcnlsls count
.or nothing under such circumstances old.
tuners recall n" official dor!als issgs- when
SsN York Central bought he road.
The recent change ~ control q The -nsA
is understood 20 have been ~ com0l!>1c"
government; tina; New York Central RID i;s~l.
o: 'he ownership Of this parallel and com
re:!ng line
NEW YORK, July -l-Mr-ca7,il. ra---
81 Sterling s:xry-day bills $;Tir So
maid. - ~ 1915 cables. s. 49, BAR silver
s5-. N-X!caU dollars. 4i-. Govs-nirert
hon:s, steady Railroad bond. Irregular
Tine loans. easter, sixty Gu%s = e.,
ninety DAYS. g. ~ s!N months, iUi, cal!
MONEY steady. ruins rate. =.