Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-01-27
STEEL ANNOUNCEMENTS
AS A TONIC FALL FLAT
Momcntary Beneficial Effect ol
Prices, Which Give Way tn
der Offerings.
CLOSE is AROUND LOWEST
Rails Strong ut Outset, but Later
Sell or With Balance of I.iSt-ln-
tcrnntionaI Issues offered Freely
During Early Afternoon.
Is, BROlDlN All.

>-,,,. ,.,,,- ,. %. t.>-,.,,, f,- a
NrN Jim '"'"''
Fash % strength ut the opening 'he "eN'
quarterly statement uf earnings ever pub
. $50. s,.ol ,.,rpor,
HSH'" "> 'h' '''''' ''"'
NoU. and IN" resumption 90 "iN"'"'H VIZ
,, ,,,.,,,, ,,i, rt . ,n,l,, in Tho stock
,. ,,.- ,.,co,s,I
market '''""H ~
effect "n prices was S'i|'H 10y >Pe'u''''i
,s an rpnor,,ui,y u. r,, aut Of stocks which
$3.50, u t,,.r ,OIrr :, TN.
'h-E '''''''
l,i,y.1 .ri..S v.rn IN. hest OF The session.
, .,,.;,,,,,,. yth
the result 'htt closing prices Wcf" Hf""n"
mo Iov.st ana showed substantial net
'VSS'N
TIL" cfr,t ru sentiment ~ the steer ""fh-
inr- aui dividend action Mas i"n"d III an
cNyitcu "pou!nE, nrst prices being Wei "'"Ne
Tho previous closiuE Wt;h steel common inc
center oi interest. There was "id" "rtn
ina. I'm this issue Ht prices ranging i'0m
49, !" ~. with transactions Of 900 shares.
against So. Tuesdays close. Il
For about ton minutes a large amount ~
stock changed hands III IN" vicinity OF Hl'.,
hut tn price subsequently gay" way uh''t
IA" .i"any offerings kniis "er" str"nr AZ
In" outset. bat later sold on with the pa
untc uG tho list. international issues We're
offered freely aurinc til" early ait"rn ION,
was reported. commission houses ~ lne
close wero advising purchase "i stocks only
for quirs profits; believing that tn" trend
l. still downward
Although the rails averasc nearly points
under the range pt"NHiiinG a, the begin
Ming oi the year brokers VII" care'iil!
anhly@" The technical market position "f
tho speculative account w'r" advising Gus
TONERS TO got out of stocks. They c"nt"rd.
and TINS is confirmed hy local bankers. that
the commission houses are vt'ryinr I'M
ruhlic is ;enacious!y holding on to sccuri-
tie. purchased AT much higher prices. This.
ih'N say l. evidence az inc weak srecn!a-
either by declining prices or the Development
81 very iaN"iah!" news IN" latter i n"i
IN Wh'rh inc Stsc' Corporation ann"nmce-
m"ri> W"i" received. the f"jtcti"n "i Ger
many Hn"f at settlement IN the i.usithnit
,&se "iu! the possibility That Sweden nay
cn''r NJ war The disput" between the
l"!.i".a 4''naE"rs and empi"Hc"s - .N-
l"''cH 80 10" ON" 81 IN" important Factors IN
shapur stock prices in tho Immediate fu-
'wre Auy interruption I" r"iirnad traffic
~ 'hi> time II Is con'"nd"d would ." very
rom curling, yo'nmr %, hand, !; is con.
emu" 'na' me thiir"h" employees hay"
ey,c"rnI iv ,n,n,ini In,,,oa, - t"S'''"i i
ii1,i,In'i" ~ ''' ., .n'",'E', ne NitnnnE
;hut il M, ~ H., in,.-a,., 'i nv wy ",N'nlm,E
Ian, Tx ,;rc,, ,2ri,,i, I ~ '',".a1.t .'',a'
ibnsIaSu, win ,.'''r u 80, m.''nom,nt en-
n,, nm ' ~ ,., W ~ ,'re' 90 morrow !"
youii nc in"rao.,, ';,. 49,, =" Sn', v.'o,ceiH
pInSi"n In earnings which Tor IN" MO
months ending in $o,emho~. were a, the
ratc "i II per cont a year on the stock;
Shareholders arc now receiving rcr cent
annual payments. and in some quarters. IN
judges Of market values believe the price %
cs,n,., ~ , Mn,,h i'iIs ,nr lsSs ON the IN
N- rn,n,v4t man ~ ia lim",e and ohio.
NJ "i>I"un'oh q raise IF per con; In til"
".r'stI -,
,.t'"'t H'''' Was "ne oi ~" exceptions
=" ~ St'" "l Uncut point, following
ihn m.s ~ Sp',s "r"H.rS indicated that