The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-03-26
rs DOUBLE
Bl6RELED PAR VALUE
EYatlhvous Announcement Excftes
wau street. 90 . Laugh Over
situation.
RArLs MAKE FTNE SHOWING
MEXICAN Pctrcieum's President says .
win Vow Market so.ooo,ooo Barrels
per aunura, Fsve-sixtfs In It's own
Ships.
- uvoApax WALL

Z $3.50, market today and as the mn
y cnea are disturbed In their
n -. ry the peace talk In Europc
8na,nsnr decisive developed IN priSe
b 81 = ny.,nents. Here and there stoCh
HOOK a squirt, but the ret result W.
u unimportant. Trading was Oh q ~.
scale. There was not even i''''i'
rumor sfioat -, .ts say
.,trac.es attention was the hu.
y s.s~ro,ss announcement In oehait %
~. American Zinc Company that I.s
4 Wv preferred stock II TO nave wv
8 80 ,-sines--ons at s25 and the cthst
s1oD, In other words tho STOCK "
- y. mn. out as having go pa
value hut in case OF dissolution ol
,he company, or redemption, IL Us 10 'S
si00 par. rn.ent
stockholders In proportion OF o.
xhare Of new for two shares OF the
nis stock. wall Street bears insiss
ia. 30 per cent dividend Is being
natd while the bulls figure IL [oV
rsr een, dividend. Both are anse-
i iste,y right, but the announcement.
rass.s the question of the wisdom. OF
hnIhfne stock IN q company capapie
/ ~ making such an announcement
4 In other respects the company Is
splendid one. making big earnings
Big Railroad Earnings;
Railroad reports made puonc Me.s
sof the same remarkable character as
a.hers that have been coming out
.,cr, dsy to day. Atch'sou, for In
ssance. showed February gross of Wv
N1I.4sl. which Ia an increase OF si'-
The Anglo French Loan Commits
sson issued a call for about 10000
600 more OF the unpaid portion OF the
I,oan that was temporarily left in the
hands of the banking underwriters
Rail orders by American railroads.
placed during March amounted 70
fsa,o 600 tons, but large portion ~
for 1917 delivery. Pennsylvania rs
exnected 10 add 200. 900 tons and Erie
- aeo tons 10 this total before the
end of the month.
I United Verde Extension. which was
selling around 50 n share about a year
ago. sold above - today, and Nauloa-
] ton by insiders WAS in evidence. n
fart. inside liquidation has been going
an from Is up, as insiders believe
the stock is travelling too fast.
Mexican Petroleum.
President F. /. Doheny, OF the Mex
lean Petroleum Company. has issued
*s~tter in connection with organization
~ the Pan-Amerioan Petroleum and
Transport Company. In which ne
states that in 1918 sales of oil from
the Mexican petroleum wells VIII az
gregate $4,000, 600 barrels per annum.
or this the company will be able 70
transport I'm its own ships 2b,ooo,ooo
y barrels per annum. 1t will have by
L that time enough vessels 10 take
i .2a0, 900 barrels per voyage, The
u present pipe lines and pumping ca
4 pacity of the company in Mexico II
$4,000 barrels daily. but this will "
a short time be increased to 10000
d barrels. and the only problem, Mr.
Dcheny says. Is to obtain the nsces-
sary ships to carry the OIL.
I Eugene Meyer. Jr., Thomas Coch.
ran, president OF IAberty Bank. and
4 r.. Tinker. vice-president Of the Chase
4 National Bank. are new names added
/ to the directorate of the Pan-Ameri'
& can.
Isaac NJ. Cate. of Baltimore. IN 6
document, Just issued TO the American
q Locomotive shareholders. makes ths
4 Following remarkable statement:
q III there was a gift In an exchange
OF automobiles to a president OF on'
a of the largest railroad systems In tht
= f-,t.ssf try, Il In TAI. IN Auspect there ma.
Y fTavs been rex4e- ultimate conditions
y which the railroad has felt X II does
u not know"