The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-04-18
NALL STREET SCARED;
VAR ORDERS SCARCtR
These who Have Built Business Or
Munitions Trasssc Arc More Than
Nervous.
EUROPE CARES FOR ITSELF.
EiectricaI Companies Paying More At
tcntion to Homo Trade Than War,
and will BE Ready for World wide
Business At Wars Close.
Ry BROADAN WALL

opening today, Wall Street got ter
ribiy frightened because doubt was
esst on Villas death snd because the
Bethlehem Steel Company confirmed
what Morgan & Co. announced last
week about r scarcity nf big war
orders
Today traders aid not step to think
whether 4 might not be considered
advisable 20 cover up ffe volume Of
war orders by dividing Il into small
rntts They forwo: that American SOL
Ssrs are stsii tn pursuit OF Villa. They
even forget the possible break with
cr~rrarv. They saw IN the purchase
~ 4oe. coo Gee pounds OF copper by
che Allies recently confirmation Of the
announcement that the warning ma
sions would be able from now on to
m AXE all their own ammunition. They
saw in s reduction OF $4,000 OF the
number OF stockholders Of the United
States steel Corporation. concen-
srat.on o< the shares OF that company
In the hands Of Wall Street operators.
Usually such concentration would SUE
gest confidence and ne bull a-Eu-
anent. bat nothing would do today but
that Wall Street operators had heen
buying Steel recklesslv II Is evident
as matter OF fact that many a
patient stockhoIder Of the Steel Cor
roratior has relieved himself OF an
old burden.
From Wall Streets condition az
alarm. one heroic floor trader rescued
Il BY picking NJ line ~ shares rang
fns from steel 70 munitions,
Nearly everything on the list re
rovered slightly under this influence
except the Sugars Sugars. distillers
and grains will suffer most should
warning Europe suddenly develop the
ability 10 take care Of itself
Motor. Tire and Rubber.
Motor tire and rubber stocks were
relatively Ariner than anything else
on the list. Europe cannot furnish
products Of such companies and, II by
any chance war shoUld cease abroad
earlier than expected. fl would tend
10 reduce the price Of gasoline. This
woulS encourage more sales NJ auto
mobiles. more liberal Use ~ those al
ready In fhe hands of the public ami
a consequently greater consumption
Of rubber. This group ~ stocks Is the
one selected FOR leadership IN the
first peace market
Action of General Electric which
rese more than two points and Of
Westinghouse which declined only
one-hsf point net today. give a suE-
sestIon OF what they will DO after the
wa for Wall Street really eded the
war for = few minutes TODAY. The
electrical companies arr wisely CON
serving their new cash and are pay
ing raors attention 10 their regular
hustzeys than to munitions When the
war ends it Will md them financed
for q world wide trade and # VIII IND
Germany. which has been the greatest
competitor in this line. unable 70 com
pete as vigorously az in the old DAYS.
!
capped at first by lack OF copper
Ira need not have been SO ex-
cited about the reports that America
In tn receive ne further large orders
for munitions from the Allies There
have been indications Of this for some
time
On Their Feet For Years
The orders ALREADY received have
placed steel companies on sound
financial basis for wears 20 come. In
the 4ealse. Of 4ihe larger 7panles,, SUCH
a. saSnfrne}a FSruc1hls A4hu NtdvAfe.
Europe has been brought into close
connection with them and knows the
typo OF work they turn GA They
faave been wonderfully advertised
throughout The entire stcel.using
world They have funds with which
10 so into foreign markets and fight
for business
Tn Steel industry was never in a
moro healthy condition The mills are
sold out for 1915 aud well into 1917.
At the first sign Of a lowering of
fsrTces there Ril come = demand from
those consumers who realize the f,-
fiHs Of TRYING ia book structural steel
At n time when the big com panies are
ailottins proportional amounts 30
thee customers. 20 great A& the de-
nsnd.