Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-27
PROFESSIONAL TRADERS
HOIST GERMAN COLORs
In Great Drive They Capture Ncrtiun
Just Before~C Close OF
Market.
PRICES FALL OFF SHARPLY
Scores Of People DO Not Stop to
Verify Rumor OF Disaster to Allies,
but Sell Precipitntely-l'inn Prices
Are at Lowest.
PRICES FALL OFF SHARPLY
ry nrtO\DAN WALL.

NEW YORK February 2s-Professional
stree, today ana captured vcrdun ius,
btf'r" tn" market closed. scores OF traders
were nervous aud ,IiI not stop to verify III.
rumor Of Vor,I,lr's IAN hu, sold precip-
iiateiv. The result WAS 4 sharp break. ana
III" market closed In full swing downward.
with hnsl prices tho loves, Of the "'ssi"n
While rot losses w"r. considerable. they
did no, marx tn" extent OF Ia" decline. for
rnilv unior leadership az American Loco
inotiv" which mas become more of VA
stock than Industrial Tho standard Is
yuos did not participat" In IN" upward move
inert al'h"sgh they did Weld In the iinhl
.,m"ng thos" anmcrins most w"r" M"Xica n
Petroleum Studcbakcr. WHY'S overland.
Marine preferred. crnoih>" "nh Canadian
Pacific THAT those dtd suffer most. h"%
ever purely accidental. y Just nap
r"ned that 'hcy wcr" IA" most active Ia
sues and tf" tradGrs dealing In them hap
paned to 10 s,an<inr ~ tho tickcrs. Tho
that brokers had no ,!,nc 20 notify spsoula-
These people VIII tee ON hand on Mondav.
and should the rumors of 20 -hay b" tnsti just,
Ned by DEVELOPMENTS around Ncrlun. Wall
street must expect "a Lively session
IN addition to tho war news Mexican Pc
irolcnm mad "s r"ascn Tor "c"kness tn"
SoNernmert proposes 20 irill FOR oil 10 sun
MY IN" Mo>ioan railroads. Thc Mcxirn n
petroleum Company has contract IN sup
ply these railroads until 1870 ard the rn-
n"uncom"n' "a' accepted 10y Wall Street as
notice that this cou,tac, would nc car
i-6 cancellation ., which would 10" uo
Erea' hardship FOR 'hr Petroleum. Comra NJ.
- ~" oil could probably D" solt I" ha;ter
advantage clv~vho-"
The L. J. ~ Point q" %"mour. Company
show n"' earnings 81 'j7sio.75t Toy 1915.
compared with 3 ;nS i53 Tor l+Ii These Nnst
earning rcnr"scnt only half year ~ big
business Tho COMPANY ia working on nm
full capacity for tho .utire year ~ l,ls so
that net earnings approac hing slc'" .oNo
would not Nc a surprise.
Those "arn'rrs riy" hin ., What R"th-
~
come 10 those Other industrial corporations
., mi, country M, have converted ,hcrr
,rlNr< into uru-f''n' concerns
Advance NJ tho Srac'uct. Ari7ona dividend
=" iho ra," NJ s. year = understood % b"
=, tina, '"ve' for period ~ wears Utah
dir!G'ors ~" "sn"r'Hi :" make ~" nTX'
will got dividend ~ ~" next dir"ct"rs'
meeting. Anaconda directors cNp"ct 80 in
~rronisc - h" 90 largo =" rratn almost
s'hi~ t. hasod ~ 'he 'h"orv that corpn-
k"iil rrr-in >: - y r"rrH = Is ncar
~" wnh TIC Increased "u'ru' TIM COM
raries ~" finding themselves adj" ~ 70
duoc the cost - production 80 that whom
copper "rcr'ual', '"'Grr. :" :, normal price
IN" hie r'huci0E conrc.rs viii 'h"n l."
much rl"r" iro-r~'"nS 'h.n Grey werc
h"'nr" ~ such r-'r"S
hn urrSual volume ~ stock has hnn-
taken ou, ., tho rlarp,, 4. many ,,yos,ors
have made much money that they have
n.c"rn" frish'en"d a, 'hclr own su"c"ss
shares. which they have hah transferred IN
l." laid away Is pcrunr"ut Investments
Tho result Is that in many 81 tho most
active issue. ,hcrc is "rly e small minority
interest available FOR trading purposes
SEW YORK Fch-uary = Opening with
sumo rhor 81 strength under tho lead ~
E"n!inr M American locomotive. which
soon ro,- : noiut> oech o-day's hri~f mar
~; srsTua,k yieltcI - Increasing pro.
f.-si"nal pressure. \ hotter urdcrsl sndinT
az ~" political situation ~ Washington
n cat or
Suppor, Was negligible ~ boat, even in
NJ investment sh-''s. VIII" sr"cialtas ~
;"r'H no resistance Among tho weakest
stocks "cr" ~" pctru'"ums motors. Har-
camille Marin" prc'.r-cd ''rucIhlc S,cel.
Relivir I"como,lyc ana America. Zinc
tonrcrs were nrni Sc, the outset, hut foii
h""E tutor ami iuii~i Stotn~ stool va !
more Than ordinarily susceptible To pressure
Western. wrlc lower nv 20 . poi-.e in tho
''rlve That accompanied tho final dealings
The ofoi'l s'rt"0l"ri of January for
"lrn Tad" showed Z decided recession from
III" high lido - recent months and tho
We"kl, r"pr'tS - 'hr mercantile agencies
contained ~" sig0incnu, statement that Is
niTnos',i"r =" proo""h with caution l.
Tic xiv ">hlhi, n. tin clearing hous.
Institutions reflected sor" Of tn. rccen,
new financing md shifting %. loans incl
dental to SUCH operaiio1s
RonCs we've barely steady. Win total soles
par value. slGtJO.sl.
United S'a.cs registered ts and coupon
Is advanced .. ani :. nor cent. respectively.
on call during the week
NEW YORK FEBRUARY =. Mercantile pa
rc- sd3A.i Sterling sisty-dav bills B, -iU
demand. st7sl7. cables s,76 ij-Is. Rar sii
v"r $50. hsNican dollars. AL. Government
bonds. steady. Railroad bonds steady