Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-18
market UP AND DOWN
DURING ENTIRE DAY
Irregularfty on Wall Street Said tn
Be Duo to Foreign
Liquidation.
READING MYSTERY uNsoLvED
Stock Goes to O3A. Highest Price in
It's MISREPRESENTATION Copper Sells
Frcely-Much Investment Buying
in Many Issues.
ny nROADAN WALL.

q NEW YORK. May 1.-THE stock nafkct
I was strong at tho opening to-day. sold
\ down q point or SO peace ru'nors, raj
lied sharply, declined. rallied and destined
again. Most OF tho trading was conilncd 20
professionals, hut there was considerable
Investment buying of hish-Grade stocks.
4 The irrcEularity Of the market said
to DO duo to foreign liquidation but as ihis
{ It is evident that there no foreign
liquidation at all worth considering In
IS about 10 enter uror another broad up
ward movement and whatovor liquidation
,hns ngnc'yn WI. hal ,he ,onis
4 want in their own hands.
Readings mystery IS st,u unsoived. hu,
3 the account Of the very hes. poor!e in Tho
I Street. They are talking sleS share for
the stock. which to-day sold n; .3h thc
highest price In It's history. As 81 is being
bought for Investment aud II pays only 50
a, share , d!vidGnd Vt is oriaent hat some 10,
shareholders TO Justify this buying
oCToBER COPPER INJECTED
TO ADVANCE TO THIRTY CENTS
October Copper sold freely at 2gr.c to day.
and Judging from the demand, SOC will he
reached within q short TIM" Producers
are unwilinr 10 book anythins beyond D De.
cember.
but at present IT was in the industrials and
There is no record Of foreigners having many
industrials to i,1nidnte Tho insidcrs, of tho
oign offerings OF metal shares, and Morgan
" Co have tho foreign railroad stocks thu:
arc to he h9u.datod. There IS negligible
foreign market for tho account Of private
individuais; aud, therefore. tho talk OF for
eiGn liquidation to-day was largely moon
shino. The decline In the 'naritct pure
~ technical; and was due TO the report
dent Wilson praying for peace In Europe.
II, the easnings OF Inland Steel are nj Tho
each month shows larger than the pTcv!ous
ones directors are estimating tho not for
INC ,u!i year at not less than s.. .opl
tonnage ,N.'e ho1l d.
tho largest in its history
,,o Our tr s1;n,, expansion in South America
a fact no, so widely known IS that our
trade relations in the Far I1ns, have been
e icrea ana 'Gg a the "nd , are
months ended March; 1915. United States
Africa and Australia, amounted 10 ssss Ss
als,;sS7' against ;42?. saS Tor tho Same
WIN ss the same countries amounted to sll9.-
Sio,SSo. nEanst SSo4S$ $50 FOR the same
if the March 1915 nSuTes continue during
rn rune far Sst as sHr'G S Hnns o ihq amount viii
UNITED STATES CANNOT LOSE
All. OF THE INCREASE
II is rot reasonable to suppose tina, the
even when tho European is over and
conditions are settled down to normal. in
part OF such enterprises as castor vii
iiams and Wignere and tho American IN
tillers Securities nrc expected to declare n
dividend to morrow. Tho fact that tho
company has bought 100000 OF It's bonds
In tho opcn market for retirement and tho
known increases OF business show that 1t
is In good financial condition. Orc rurnor
to-day was that tho company has set nf'idc
e. fund sufficient IN care for dtvidcnd1 nj
tho rate Of u pcr cent for two years. II
is believed 10 be at tho ratio OF 20 per cent
on the stock.
Rubber men, believe the limit of tho
worlds production of rubber from nm
cultivated trees haE about been reached.
II this DO true. Il undoubtedl. will have
an effect on prices OF automobile tires.
NEW YORK, May IT.--Mercantllo paper
. S6p2h. Sterling siXty-day bills, Si74; DO
mand. s+.75 Ills: cables. siT6i.. Har silver
1873. Mexican dollars. 6Si1. Government
bonds steady. Railroad steady. Tip>c loans
easy: sixty and ninety da.r. 2T,6aS: six
imonths. 3NS' Can money steady: ruling