Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-06-01
market MORE CHEERFUL
AT TER RECENT HOLIDAY
continues Throughout Session in
Some Specialtics, but Many of
Pools Discouraged.
HIGHLY IRREGULAR CLOSING
Day Not Without Its New High Rec
ords, and as Usual They Are in
Motor Stocks-NIeNican News Has
Depressing Effect.
~, BROADAN WALL.

NEW YORK. May 5l.--No intcruaticn7,
disaster having occurred during tho hoi.
day. stocks had more cheerful tonc TO.
day. This shecrfunoss was continued
but many of the pools became discouraged
IN 'he afternoon. because the public refused
to take any interest. The result, was a
Without Its new high records and they were.
as usual; in the motor stocks. ON Tho cx-
chanGe chalmers made Il record and on IN"
curb so Gniied Motors and Viii" Motors
a ,93unhed new tops american Rec, sugar
.h'uost made high record = So!G within
point OF tho price reached in ,Hia. Tho
crop In General Motors that disturbed ;hc
market on Monday dil greater ,n,rnr"
;han Il caus" several Important commission
houses to warn their custome-, agairs, hoy
aiso strong. and there was talk Of :: com :
mun,.y OF interest among k.iy-snrineheli.
we'll purchased. Mexican news haI :, de-
pressing effect. particularly in view oc tn.
NJ note to tho American government,
Win ~ later produced, Mexican stocks
,o Eana . Pacific stood wc; ,,ndor The
q, ne" IS, IRON London tha' It is ,o he included
,ax was "a b." levied. Th. stock was strong
me- mo- web hSr'u.% OF ;cmiohiciai Announce
isriish government wanted tiici; investors.
10 continue their Investment
LeGigt Valley was avIiy. ttrou,.h,r; ,,,,s-
o, ihe session. and Mt one tin. showed :,
material mat gain y broker ,ctivc in ,he stool;
has Just finished doing. II WI h. Tcr,n,n.
horod that abou; four wears ar" a., nm.
praiSal Was lnaio OF 're physical property
W. me ,cS'nrIny. and I, was found to he
That is ahou, wha: Reading Insiders saw
tneir property rs worth. AMI II Reading can
he maintained in tho market at aboyn 500
share, there seems to be no valid reason
why Lehigh Valley should 10 down in III"
se Gus; steel VAS strong around - a large
Welded with the balance of tho list rhe
market did not close weak but einpiv
ncd out for lack Of interest, The United
2e1tes GeoloEical Survey shows that during
fuel used by locomotives In tho t.nitcd
states. against 81. o93.26G barrels IN 1914
an increase OF $4,000 barrels or - per
The fact that railroads havc increased
tnelr CONSUMPTION OF oil in the fact OF
constantly increasing prices is no surprise
great economies arising from the use Of
iuel OH as compared with coal As there
this branch Of tn. business III. jnrrrcs 40
Of consumption win help All oil compnui"s
ne problem for the iucstor is Ia iind which
company L. in position Ia produce fuel oil
cheapest AMI Ect a market for il,
In spite OF the report Just issued by IN.
lntcrnationni Harvester Company. which
receipts. Holders OF this stock have no
cause for worry Tho known scarcity of
materials has caused suspension Of work
In some and has seriously hampcrcd oper-
ations in ali other plants Of the Harvester
Corporation in Europe. But there are srv-
ersl features in the situation. a great
he replaced Metals are scarce in i:ufope
juet now. and are no, being used for tho
manufacture Of machinery that is not ahsn-
look direct to America at the close Of the
war. and the plants OF The Harvester Cor
Europe may be trusted To get great share
OF this business