The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-16
. fAvOR|TE on
Street YESTERDAY
- oenbhornly Prosperous In Face
Il Poverty Plea OF Great Trans
portation Companies
EVEN HILL STOCKS RISE.
110ns Continue Strong on As
nption That European War VIII
sx76ne4nuc Several YearS-Another
unn TO Allies in Prospect.
Nv Rrx,adan Wall.

zeew York. Sept l5.-Traders were
- TODAY TO take up the sugges-
that the great manufacturing
npanies can make no money until
stun they make has been carried
market by the railroads and the
nmship lines Rails were the
&minent feature OF the market and
Named the presidents by raising an
Srage of two points all around
SA1fo those WORTHLESS were in session
11ng to figure out how to obey the
0eently enacted law and escape re-
1vership.
Unter cover Of this strength in the
Nm there was some professional
eOllt-taking IN the industrial list, but
~ onough to hurt the market,
IL was the advance In Union Pacific
~ made Wall Street pay most at
nt3on because the railroads have
IN laughed out OF their plea OF
~torty and the Union Pacific direc-
- have no longer any reason for
44Ahoiding that special cash divi-
nd OF per cent which some of
Som wanted to pay a month ago.
Ayment of II would help the mar
~ and therefore IL may he expected
Ion.
New York Central and even the Hill
oads. Great Northern and Northern
Aciflc, which were absolutely sure
be ruined II the eight hour day
Hnf into effect. rose about two points
nch. So did Mr.. Ripley's Atchison
2nllroad, to prevent the complete
MI OF which President Ripley has
roady made plans TO go TO Jail as
martyr to the eight-hour law
hach he says will never be obeyed
his road 1t Is extremely awR-
nr0 that the railroad earnings
kould continue at such heavy rate
MA that the prospects for big bust
- even after the war should be
good.
Equipment Shares Strong.
q IN anticipation of continued pros
Sertty for the railroads the railroad
&uipment shares, American Car and
Foundry, Pressed Steel Car and Rail-
NY Steel Springs were unusually
<tronE. The latter made a new high
focord with an advance Of Ave points.
E Among the munitions Driggs-Sea-
kary was the star performer with
a advance OF eighteen points. This
Hopired the movement in Crucible
hitch did not hold out to the end
& the day. American Can sold high
than at any time since the big
nom last year. Industrial Alcohol
S8de a new high for the movement.
aais strength In the munitions Is due
growing realization OF the fact
ut the war is not half over Colonel
kObert II. Thompson, who has some
eputation as a military authority
Mated today that he expects the war
~ last for FIVE years. He Is one of
~ controlling interests OF 1nterna-
3Anal Nickel and that accounts for
~ strength OF nickel recently.
olonel Thompson's associate in nick
ID Ambrose Mcneil, who is also a
0wer In Midvale. Strength of Mid
seems also explained by Colonel
npSon's statement
Int perhaps even more important
Inn the Thompson statement was in
4rmation from an agent OF the Brit
"a government who has Just returned
Eom London where he consulted
nth the war managers and he says
hey don't expect the war to end be-
Dre the middle OF 1919. So 1t looks
Ike easy sailing for the pools in the
mentions and steel stocks.
Owing to the great importation of
fold it is believed that another great
pAn to the allies has been decided
Spon and that the financial markets
~ being prepared for It's proper re-
&option.