The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-13
||0TnfR BIG LIST Of
|IIeA RECORDS SHOWN
Dens1uuAl Traders vainly Attempt
% Discount Good News
From Maine.
rH14EHE.M JUMPING AGAIN
hnvanced Twenty-for and Erls
EUints-senexsal Motors Sos<s ~
Il ty>swo Points to New High Record
a eA2-Othcrs Advance
nv RROADAN WALL.

AnrnAers went to Wall Street today WIN
H11ho idea Of discoant.g1g the good news
xEum Maine, ACCORDING TO the time
hon0red rule Of tae street IheE
Nvere surprised 10 find that most Pe"-
NJ 4, Wall Street were more ANXIOUS
/ - hay than to sell. The result was
anotiler long list 81 new high records.
General Motors, which sold al plain
n IS at the beginning q the War'
advanced today flfrytUp points TO the
nov high record OF So Bethlehem
Dheei which sold al g = when the
Wnr began. added IN -four and a
~ points today and I'D al 52% l-2.
Henyp modest gains sere made IN
che directions United States Steel
established a new high record al
H0g 1-4, Atlantic, Gulf and West IN
,naas a. So Ia, and United Verde kx-
4ension. which sold st $3.50 share
Auly last year. crossed sSS.
Earning reports were issued ny va
xAous com pa MES that justified all that
- done and more Wall Street is
9ott1ng tired of figures and beginning
g pAy attention TO the human inter
- SIDE of the market.
AHhouSh today was the twelfth
u111lSon- share day. persons in close
touch with what is gong on in the
0kreet believe the market is just get
ting We! slarteG.
OF the reports that interfered with
a. reaction, those OF the American
4ruslting Company were the most
pruvoking. for they showed that the
OompAny Is earning at the rate of
more than 30 per cent annually. The
&ep0k went to iGS This la the highest
Ue for many months Copper
ahn0ee were not active. but traders
Who sold found plenty OF buying or
Aauo tn the market The allies are
- dickertns for the big block of
0seal. and they must have II soon.
- ooppers can earn whatever they
y1oaDe this winter. for it il merely a
tnA11sr OF conscience what they charge
- the metal wanted by Europe,
q the earnings rumored. but not
D1ted. those OF Midvale Steel were
ut allurtng. c, NJ. schwab head OF
uehlehsm. and W. Z. Corey. head of
NAvale, are both Carnegie boys.
a Ne Street hears that Schwab is
Unzng over TO Midvale some very
nportant orders that he is unable
handle at Bethlehem. Report does
- specify whether Schwab has any
1sest In Midvale. but he probably
- furthermore. II is reported that
1D1hUc Iron and Steel and Railway
U1oAl 0pr1ngs are wanted to round out
&2AOFA40 no OFFICIAL III
roWAt1on - Forthcoming IN regard To
nD xumors, but they are believed
- nod QuArtera and the buying oil
- various stocks suggests something
unWe than mere manipulauve news
18dge 0ery's trap~to Japan is looked
m - highly important to the Stee
NJ Wofation. He 10 credited with be
- tho agent Of high finance empow
IL - to make n business deal with tn
1I1Dhung finance Of the Orient In re
ssse - Gtesi milla Since the JAP
0f1k Ghe idea has been conceive
- hitting American stockholders ge
ns money out of their skill. wiz
- two countries mutually profitabl
- one another, there may be less tall
- Var and less reason for IL.
American Nickel continued the ad
nce begun a few days ago under of
0H ausp4oeA The recent shake
- has left the insiders without tn
AAndtcAp OF public following. Tn
0o1aOAny - making more money an
AAA more orders on Its books tina
0Vpe In it's history before.
wealth of the country is increA.
- At such a fabulous rate that Wa
street wants substantial business me
- charge OF the government, anc
3AoBefore, is pleased at the evidenc
UgaDented by Maine of the sentiment
O1 Independent voters. Wall Street
Ao& afraid Of Wilson, but 1t propose
- 20 ahead now and celebrate tn
0oo0tion OF Hughes aud Republica
\ Congresa
Furthermore. Wall Street believe
- eight-hour day recently enaote
80 law made many votes for tn
republicans IN Maine. for high tinanc
= 0Tm in its belief that regardless o
3oDdce or injustice of an eight-hou
d41 the method OF esta blishing IL wa
= NOW at good government
- reaction that may by accideu
come In the market will find thou
eands of buying orders wanting jus
0A6er the current level and it mus
tAArefore be purely temporary.