The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-23
||EET GOES WHO
OVER STEEL JUMP
wnlnAngV Favoritc Again Brcaks
4 Record, With An Advance
10 ia SIS.
LIE SAY TT Is STILL CHEAP
I1sss1nn Smelling Steefs Running
I IGnAe-InterraataonAl Nickel Heav-
Eny Traded in On Strength OF Big
y louanesS- Disappointment
Nv BROADAN WALL

New York. Sept. 22-NalI Stree'
ot terribly excited today because
Sfjnited States Steel sold up FIVE points
lho the new high record OF ia S-s'
*esen that high figure is less than
1Ronble The present rate Of earnings
xSer year. II is but little more than
4s{ouL,s what the big corporation VIII
aAow earned per share on the COM
& non stock for the year 1915. For
Eaei7 IT is filled with orders TO ca
noeknr and at present prices equai
10 the best II has had for this year.
Therefore, in all probability the
will earn fully $50 per
s11are In 1917.
~ n mite Of the fact that the stock
nm oalling at such a comparatively low
sa~ure many professionals are begin
zssin9 to sell 1t short. hoping 10 ana
TOP.
Other stocks besides Steel were up
~ nday. international Nickel was
ssraAed IN heavily. a pool has begun
sssuerat.ons in the stock or top OF the
- rcsn, rise and promises 20 push
sr above SO The expectation IL that
- public will put IL ter points fur
sAsr
i The-e Is some basis FOR the ad-
TNlcs- Tor tf1s company WIS never -
ners-e-~vx ard has aIfnost a ITO
nnrscssv CT the nickel business Of the
Wrrss his company this week re-
.aassea an additional order from The
hzsGras. S-eel Caaaca-y eor S,eFe,eeo
ssunss ~ -icsel
re tac. thRt Ai3vsle needs 80
srrrA rsckei szEsests -hst stockho4c-
- a. IA. pan 81 hack or Z
- sAr-g-x phenomenal Tsro1ts- DIS
$780, ~ Nsavxae's strong trade pn-
4 Irsrr sA-c=rn his p.G-chzse Of nickel
1890 .he C-gcihse movements a<a'n
- X ws5vale has e.g orders Cruel
- r~--aa-lv has
steel Runs Away
Ars-S-ar Smelling ran along with
EHees par. ot the day. duplicating ev-
10y new high record until tust before
n rsc<e. when STEEL ran away from
a1he Whole market Smelling is max
10 practically ss much per share as
see. and Is entitled 20 sell very
much higher,
VA In view Of the remarkable revival
~ Villa. Mexican Petroleum did well.
The insiders OF that company seemed
II short time ago TO think that per
snanent peace was settling over the
Bzconntry
Ass ~ Wall Street there has been an
4fnxnense volume Of the stock handed
lso1ff to the public al around lie. and
I'D was unfortunate from a speculative
aS,ttnt OF view that the stock should
asne4l at 1l5 and villa capture chi
huahua City at almost the same time.
Coppers as class were very ae-
Eve, particularly Anaconda, Inspira-
II Hon and Utah All sold at high prices
AnId, representing as they do, the best
&#o4 the copper world. they made for
nsdable impression.
Traders had their usual disappoint
SAAnt when the Reading directors de
f1e1Geed nothing more than the regula
1end Those who were short o
III began TO cover as soon as IN
k&xdInr dividend was announced ant
The big rise in Steel came after that
Cuban Cane and American Bee
1ugars were both active and materi
silly higher.
Texas Oh made another sharp ad
ssAnce being at ono time up l..
y points The companys eernings arr
NOV said to be In the neig>>porhoot
A%0f $40 a share.