Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-04
ANXIETY OVER Imminent
BREAK PARTLY RELIEVED
Gcrmany'S Exploit on Atlantic BE.
comes Positive Factor in
Stock Market.
HIGHER PRICES ALI. AROUND
In Addition To Actual Advances,
tirst-ltatc buying l. Seen III
Preparation for Certain Definite
Movcmcnts-Coppc Sluggish.
ny nuoADAN WALL.

NEW YORK. February tier
manys exploit on tn. Atlantic became
Il positive factor IN the stock market
to-day. While but a straw. it tends
To relieve the anxiety over an immi-
mont hrcak by tn, United states with
Gcrmauy and proves thai England 5
ahility TO blockade the sea is not alb
soiutc.
stocks were strong, OF course. for
The basic reason that tho bull cam
paigN is NOT half over. The technical
Improvement of market conditions due
prcciat+d "y Tie public. The re
lie: cuea%Ioutd by tn. realization
th"' i3er" may vet l." tI:uc TO
htuid adequate coast dcf.nscs and an
BACK into the mark"; to-day. The
general result was higher prices all
around.
In addition to the actual advances
acCoH plishcd during the session. first
rate bUying was seen in preparation
for movements, particularly in tho au-
topuhilc ana copper stocks. II there
is any manipulation. II - ia tn. rail
road stocks wh,ch should - prepared
for shocks that must come from tim.
To time ~ connection With tho dispute
over wages,
Republic Steel made an inspiring re-
port Great as IT, sarmlnss We're
tina; figures 70. 1915 don't show all
the possibilities in war orders, because
Most or Tho year was consumed in get
ting ready to produce Now most OF
the companies making munitions are
producing 81 full capacity. The fig
ures for 1915 arc likely TO staEGer even
Wall street opti!uists. for Wall Streets
imagination always fails when any
thinc really Important is 10 he
imagined. The market tone At the
close was good, with every sign that
the market had entered another OF
those bulliSh waves that nave been
sweeping over the street from time TO
time in tho last year.
Because OF the nation wide prohibit
tiou campaign that has been in prog
ress Tor several years. pistill.rs Sc
curitcs Corporation stock has not been
III hcE favor among Wall street trad
.rs. Most q: them wer" more willing
to drink - tnan bug IT, h"caus. theH
felt that I never could D.Co'u. popular
with tn. masses. Now. however. that
alcohol has thrown OF the mask and
APPEARS IN itS true light as Il d-st;uc-
United states Industrial .Alcoho! has
leon due. not 10 manipulation, but 10
eg anEs W Ss, qGfFS E!aGs4 %i ns
!t,@3r.'ue par o: the Sl2.0or,UVu OF In
austria! Alcohol common stock. The
advance OF $3.50 a share since the war
began means an increase OF above IL
per cent III the assets OF D!Stillers.
But Distillers has been taking very
large wal, orders on its own account.
and II Will not be surprising TO see
the stock. long neglected OF Wall
street, become a market leader.
Traders will do well 10 restrain the
sluEgishness OF copper stocks. Those
shares are loading up with energy in
IN. shape OF the largest earnings on
record. When copper metal was al this
level = few days ago conditions were
entirely dincrcnt. Then the price was
made, possible BY secret storing OF
consumption. Further,nore the cost
OF production is fully onc-third less
Ihan II was Ct the previous high prices
New uses OF copper are being found
being mined All the Speculative
money available for copper trading has
kcNnccott TRANSACTION, and now, since
that Is finished. ample funds viii AN
douhtcdly hc allowed 10 flow in the
regular channels.
Maxwell. Studcbakcr. and WHY'S
Overland stocks show SIGNS Of revival
in the market as a direct ana logical
oil pc'N-ie say they would not be sur
priscd TO s"- gasoline sci! "a; 30 cents
!, Eh!l"I ana continue at that level in
dein!trlN. Tn" companies named are
rushing on The market low priced
cars, chpablc OF making from twenty
!" thir% miles on Il gallon OF raso-
line nh" public is huying them ny
tcus Of thousands. y drop III the price
al OF! would not injurc This business
much, hut IL would help those COM
pnm"S selling cars thai max" only
WI, ''t'''7 VI - '!l IL tstiLOll
While II may he iru" that somebody
- buying control OF cruciblc steel in
The open n:.. itct. s.hc strength OF tn"
stock j. .."ae.l'- explained by large
earnings. II mas just begun actual
deliveries. aud its OUTPUT is said to he
highly satisfactory. This company and
others manufacturing munitions should
receive Il u'w series Of war orders rs
result of j. l.. Morgau's negotiations
IA Euron"
.H..