The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-08-19
Street STILL
IN OPTIMISTIC vein
IN Of Faith That There VIII
~ No Railroad Strike to Tie
Up Trade
1xT1oN PLANTS AT CAPACITY.
- on Company Earps tortS-six
- Gent Dividend--Shipping Stocks
An Kinds strong and steel
fny RRoADAN WAIAN

44&w York. Aug lS.--Once more the
~ market has lived UP 10 all pro
1cnal expectations Proht-taN'hs
sS heavy in the first hour today and
market was react!onarT. W men
&xybody decided there was going 70
q material setback. good buying
80 its appearance and the close was
2xn This was vcYy. encouraging and
X - \ professionals will come TO the
kreet Tomorrow prepared TO bay free
5 Ia expectation OF good news from
~ railway presidents on Monday ana
r. further growth OF market OPIUM
q m several quarters OF the market
E{uAay- optimism was 20 intense that
kW could not be represscd. This was
&SSnrxtculariy so IN the United Fruit
#SnA Marine preferred stocks. There
lIns the best kind Of buying in those
E31kocks as well as in Crucible, ATneri-
E&nn Can, Car Foundry, Colorado Fuel
Eneiters Great Northern ore and Re-
Epublican Iron and steel
Expert reports from Canada disclose
that disaster has struck tho Do
nsinion's wheat fel1s, IN many places
Aonly half crop IS being produced.
Es7Fhe grain market recorded lis opinion
@of the situation today in Ar advance
ESof SIS 10 { l-Sc IN wheat options
q had reports in the corn fields % the
States caused an aa-
ESxance Of from J - 20 34c N corn
captions.
Il The f9na-ctai world IS still ~ the
BSAsme opinion regarding a railroad
Es31rike II believes no strike possible.
@I4 Ia frnls convinced that The raN-
ISfoads will force arbitration. hu; Il Is
1isappointed a. stubhorruess ~ the
snen. who. the bankers believe,
SSsFould rather have their eirht-houT
zT.s =
h railroad presidents know Il Is coming,
bat they want II TO come In such a
FORMAL way as 20 nc usefu! % them
when they make their next demand
FOR increased freight rates All the
II metal was strong from Copper 70
Zinc. They are STRENGTHENING In re
aponse 10 the renewed buying for the
NgaEcount OF the allies.
American munitions makers arc
EVvorking on orders that are without
#1init and that simply read full ca
pacity until otherwise ordered
Busy On War Orders
Among com panies working on or
ners of this kind are the American
cAr and Foundry, Crucible Steel
EAmerican Locomotive. priggs-Sea-
Injury. Baldwin Locomotives WestinR-
mouse. New York Ait Brake and
Can in addition to the
&Ag,alar orders that are now comine
#SmD matter of routine, American ca?
- within the last few DAYS taken q
1NFy important order through another
E#e0mpany that was unable 20 handle II
2kn one result of this, II may be thai
E#2he long-expeeted move n can vii
#nOw develop. Car and Foundry Il
Mao being purchased by an impress
&NtrA list of customers.
IL Expectation that the Texas Com
pany would make splendid rcpor
Ntas fulfilled today in an announce
3nent for the year ending June 80, Tn
a&rntngs applicable TO dividends wer
hove 46 per cent on the stock. Thi
FOmpares with 2 per cent last year.
n was reported that important an
kM0uncements are soon 10 be made II
#sOnnection with the Mexican Petro
#leum Com pany.
Reduction OF the price Of gasoline
has been made possible by improve
s1nents in refining methods inspired b,
the high retail price and by the pub
nc clamor In connection with this.
Shipping stocks of all kinds wer
ENtrong and all the steel shares wer
h steady.