The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-26
TWO MILLION SHARE
SESSION YESTERDAY
r1nitrxi states S,~c1 Takes Lead and
Reaches Another New High
Mark.
ALL EXPORT RECORDS BROKEN.
American Foreign Trade For August
Reaches Half Billion Dollars. With
Trade Balance In Our Favor of
More Than $500. coo 600.
Rv RROADNN wall

New y ork. Sept 26 w all street
historians had 10 20 hack ten years
to find a day equal 20 today's session
In the street Trading was in excess
Of two million shares. and counting
odd lots and curb business. unqueS-
sionahI, ran above three milton such
was the confusion that nG two sta
tixts-ians agreed on ~" count
In raost. o. the o.. -aaEa houses
clerks were working until midnight
getting ready FOR tomorrow bus
ness
\ sco-e Of new highs were made.
Nu+ o. 22I stocks traded n on tho
excharSe. ten leaders furnished nearly
third OF the transactions United
states Steel set the pace earl n the
dsx BY opening with $500 shares IN
single block from II 20 ils. In
about az A72r 4 touched go. This
was new high record It's perform
a-c~ was Immediately duplicated by
Anaconda. With Jump 10 io2 by
American Suc'tess, which cold u 70
~. ard " other copper stocks on
.he list. estanIieH!nF ITSELF At a new
r $50 price
Railroads In I1melishs,
II TIRE afternoon railroads woke uH
-rs4- leadership o. Reading Erie
art T--tc- Pacific. Pea sing sol5 az
TX - which IS new high. and
J-n.on PAci4c a. i&s 81. the htEhes;
r-.ce t-ls wear
JUS. before he close heavy setting
q See 1n3e~ sea se-Srtr - a pro
<sxs35 r2t market operator carried tire
rr5ce 31wr Eve points n a. many
-r4t-z..eS THIS decline started sell
.rz every-w- here R~a ctons o. from
two % SIX points we're seen The
stocks showing ret losses e ne Law
Exports Clean III Record
TIE United states government cor
e-4kcre6 20 he optimism ~ ;ha fay
hv announcing that Aug1St exports
ka1 FOR he arst time or record gore
above 100000. of0 for single
gTaon:h. Imports to this country In
August we're such as 10 leave q bal
a-sce o. trade IN favor Of the United
States OF above So 0. coo 900. For the
twelve months ending August 81, the
balance OF trade on direct imports
and exports favors this country to
the extent Of two and a half billion
dollars In that time there has been
imported s4lo GEO. 600 OF gold Since
the war began gold importation
amounts TO above $3.50 600 0on
Al the high price Of 20 today Steel
rent rate OF earnings. InGGstrtals are
usually considered cheap when they
sell AT ten times their current earn
ing rate Back Of the Copper move.
OF course, Ia the sale Of $4,000. 00o
worth % copper TO the allies, Now
1t IL understood that half that much
more - wanted In order to supply
all this metal every copper conpan!
will be called on for all that 1t cal
1t furnish up to the middle OF next year
y Thus II the coppers neglected Il
make new high records In today
market. they VIII have their day II
the near future. Anaconda Is expect
ed 10 Increase It's dividend TO $40 a
the next meeting. The same divi
dend is expected to come on Inspir
ntion either al the next meeting O
the following.
These great sales OF Steel and Cop
per can only mean large orders 70
the munitions company and for al
transatlantic steamship lines Eve
the motors have taken on a new leas
of life.