The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-04-12
EYES Of WALL STREET
AGAIN ON VtROON
ya,ueS Rise and Fall With the LIB
and Flow of Battle
About Fortress.
Ar4EcTEp LOAN TToTATToN
lssg French Bond Issue Abont 10 h'
Offcrcd In America and RUSSIAN
Government Is Likewise seeking
Yankee Help.
nv RRoAnAN Wall.

1
"a taking the fight at teTdun very
seriously again, and it was the one
absorbing topic Of speculation todaA-
Military experts. II whom theFe "a .
several in the Street, rEuTed thai Inc
French would abandon NCDcun M4tA"
in n week Unusual strength 81 ter
man exchange and weakness "
French. with a slight lower FaHS'
of nrtces for the Anglo French BOMBS
reflected correctly the thoughts tha'
were uppcrmosi In banking houses
Since the stock market is not CON
cerred with questions of conscience
or statesman*hip or justice. hht SIM
plv with problems Of value, " MAY
hs said with perfect neutrality INA
fhe loss of Nc+ Jun by the freheh
would be a serious thing 10 the st"%h
market just now.
French Bond Issue About 20 Come
Out.
The big French bond issue Is about
ready 10 come out, and II might pc
held up indefinitely for fear OF d}W-
Guilty in dlsposing Of IL A Russian
loan is also ready for Rotation ana
this would he intcrfered with.
That would leave all the more
money free for speculation. but on
the other hand, il would lead many
persons to expect an early end or
the war. II these loans are f'oated-
the money will be withdrawn from
the speculative market only long
enough to find lts way through the
bankers into the hands Of the Wunt-
tons makers and back 10 N" street
again. Furthermore, Wall street rs
Of the opinion that a German victory
would tend 10 prevent break be
tween the United states and Ger
many and the prospective hull cam
paign Is founded on break
The banking fraternity seems 10 ne
much divided as 10 the possibility ef
n break with Germany. Those who
believe there viii he no break rely
upon the fact that fragments found
In the Sussex were Of iron and that
therefore most probably a mine blew
up the ship particularly as no Ger
man submarines have been known
to have ventured into those waters.
Those that believe that break
will come say President Wilson has
been convinced Of the impossihIltF
of preventing such thing for weeks
ana that this thought caused him 10
change front on the question Of pre-
paredness
Many European Factories Wrecked.
One OF the most prominent men IN
the Street gave his reasons today
why he considers Crucible Steel to
be one of the best investment pur-
chases now before the public He
pointed to the terrible destruction Of
factories throughout the war zone.
Reports contain many illusions TO the
destruction OF factories by the troops
as they abandon "A section in order
that the victors may not have their
use of the machinery.
This machinery Is composed or IN
Vulnerable parts many of which have
TO be finished with edged tools
These tools are now made Of high
stseets steel which IS n specially or
the -Crucihle company. When tire
war is over. the demands for machin-
cry and the tools for making It VIII
be even greater than II IS now. This
fact coupled with the present coudi-
sion Of manufacturing of all kinds an
the United States. which necessitates
n continued demand for Pittshurg
speed steel, Ia sure to affect Crucihle
earnings He pointed out also that
industry is not as careful with ITS
tools now, due TO the feveriFh haste
10 turn out the material as under or
binary conditions.
Our expanding trade with South
America and the Far East are other
factors which affect the use OF ma
chimes In this country and through
them the output Of high speed steel
This combination of facts, in the
opinion OF this specialist, constitutes
a strong argument in favor " Cru
chile.
Westinghouse Handicapped
Report is current in high class
houses of the Street that the West
tnghouse Company has been seriously
handicapped III connection with its
rifle order by personal differences In
that department The report goes
that a. high class practical machinist
and former United States army Of
fcer were put in charge OF the work
at Chicopee Falls. Mass. \ rife of
unusual excellence has been dcvel-
oped but owing to laok Of team
work. scarcely any deliveries have
been made One report is that no
deliveries at all have been forward
ed. An attempt today 10 get some
confirmation or denial Of this from
she Westinghouse Company was fruit
less. All that could be learned there
was that the Russian government had
rejected no rifles shipped byehe West
tnghouse Neither. for That matter.
has the German government
ON the Curb.
New York, April ll.--Therc was A
tAir amount 81 activity I'm securities on