Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-08-25
DISTINCT IMPROVEMENT
TOWARD CLOSE OF DAY
final Trading of Constructive Chnr.
actcr and Situation Is Better Than
Actual Figures Indicate.
COPPER STOCK GIVEN LEAD
Choice Perhaps Made Deliberately to
Give Wall Street Gentle Hint Of
Developments That Might BE IN
pcCtcd in Railroad Case.
icy BROiDtN WALL.

NEW YORK. August ci.--Al;houEh tho
stoCk market showed more net losses shan
NJ; gains at the close OF the day. the
nral trading was OF II constructive Charac-
tor ana tho situation in tho Street is bet
ter than tho actual figures indicate Dis
tinct improvement Canlo toward the close
o. the day, when ii became known that
tho railroads would give in before long
rad grant an ctsht-hour day. President
Wilson cannot make positive promise
Sc ,'5' 80 bis Irt,.rtfo, ,o i,sa IN" nnxrr
agreement, such ~ yxists. for instance. in
tho copper No:id. Such an agreement often
rrcvoe 10 be stronger than a les1! comb
II was perhaps only coincidence that
the copper stocks which represent the
worlds mos; prontnhie ecntlemen's agree
recovery OF the market. Perhaps it was
dour deliberately to give Wall street II
rcutic hint q: tho tTu" situation at Wash
Inspiration copper WIS the stock
tNc highest price ON record. when It touched
ft.a-5. Anaconda followed and then came
titan auG kcnnecott by tho time Wall
Street rca3sd what What was , Go,"g o on n =" 5 ine
irAtcruty went home in cheerful frame
Of uund ready 70 grasp al any "prmiiS!iy
the exchange opens Tomorrow morning
sharp reactions came IN man! issues
to-day Particularly in Mercanitl. Marine,
Ermti.nc ana Steel Marines downward
inovaniSn, was started BY the proposition
made tl Parliament 10 charter all vessels
,.~,iAriomai Mercantile Marine materially.
perhaps II il in fear Of such thinE. y
perhaps II is because the committeeman
,al,tns Of postponins indeiinitely the pay
,urut Of back dividends on the preferred:
MerS"ti'e Marine mas nas a Hss" n,riHiariy
~ from - stock-johbing point % view
ras.aGo Of tho army oil! Win - u. D,t ap
a.r. =.-ff.f tfr lad ma
ni,0rs American Locomotive. crnctble
stool, Baldwin and tho Midvfle issues Yer. YER,
strong. Al these companies nrc making
phenomenal profits
FOOLS IN them making no special ef-
!n,t 10 adN &ucc prices because they are
san accommodating stocks. In these as III
mo coprcrs. reasons for the advances ar.
;4llS time. Although prices reacted hit IN
the railroad list but little stock was dis-
wtdespread belle: that tho railroads ar"
going to gei u squnr" deal. ratm,mEh a.
day can do the. railroads no harm roy a
?car or two anyhow. and Wall street lec!s
That long before any Gnase can "" "T The
railroad Utanagcrs would nor h"s'tAtH l"
gran, eight hour day II ih"F cou'd ~
assured OF present earnings i'f r'i'eu
rhe Dopartmen, Of Agriculture did very
,,nr,,I'F III wn a., frSIi the security nari,or by
i,rcdict!u.; 81 whca, and tn" rror'cs, chain-
situation really is as bad that tG' tho
department hEs LOFT nothing 20 D. us
countcd. and wheat was r"artiouary
IS making its appearance In the street. II
consists Of lie uuwont"d ac'ivity in low
,~iccI stocks such issues arc, all h"ins
rickcd up Sy claSs of operators who sol
Son venture into tho big push but who
,nycs, in tncs" shares 'Juo'vinr that sooner
or later people who mRk" l''E" n-oh'a IN
tho standard ISSUES v..i tH tiNi'"N N" Wy
+. ryer IN tho Nt'l" stocks It'E ar" iNF.
chased regardless ~ Intrinsic NIT. ana
simply because a !Hrg. Hnmh'f 81 shar az
,FH.|' Z. }.