The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-02-18
Traders SHOW LITTLE
INTEREST IN STOCKS
l,cassnws continue with Beartsh In
terest In Control OF the
situation
~nssoKERs" ISSUE GUARANTEE
Mails F9lled with AlluriIlg Circulars
in which suckers Are Urged TO
Bay on AssuranOss of Great Profits
I'm the Near Future
nv RRoADAN WALL

New York. Feb. l7--TrsdeTs were
naavixh an wall Street today and re
fused To take interest ia anything
Purchase OF the PeunsylvRnia Stcel
y t-onnany bv (. NJ Schwab and his
associates. another of the report OF
the settlement Of the Lusitania case
and big earnings by armament were
equally useless as market FACTORS,
A technically higher opening was
accordingly taken advantage OF by
bearish operators and the market was
sold freely. 1t yielded IN nearly ell
departments
81 he few strong features, Mer-
camille Marine attracted most atten-
ton.
other stocks that showed strength
were American Can. Butte and Sa-
rerior. American zinc, Studebaker-
ana among the railroads Union Pa
cIfic.
Dealings continued Up 70 the close
with the bearish contingent 10 tenn
porary control OF the market
Strength OF the United Cigar stores
stock on the curb Is due chiefly -
,,,e fact that the new com s5rA,soE
drug stores open up for the United
Cigar Stores Company stands a.
about 1850 drug stores thro1Efl7Ez'
the United States II g poss be tA2|
these stores may all become agencies
OF the United Company and dispta2
the United Cigar Stores sigma u
this plan goes through Il VIII sHo"
that the Kicker Hegeman deal was
NOT spch \ bad one after all FOR the
United Cigar Stores Company.
Fakers ON the Job.
Many get-rich-Quick circulars are
being Issued BY alleged brokerage
houses 1t is possible. according 70
these circulars. TO buy stocks that
.sare to sell I'VE, ten and hfteen times
their present market price within
three months" and IL they do not sell
that high the brokers dealing IN
them agree 10 take them back at
double their present prices. TINS
guarantee is given in writing and so
absolutely sure are the brokers that
the price will advance, that they will
not sell more than thousand shares
To any one individual"
Lord Shaughnessy. president OF the
Canadian Pacific Railway, called at
tention today to an absurdity in the
Canadian plan for taxing corpora
tions III the Dominion. The plan. as
outlined. provides for tax 10 be-
gin after the corporation has maze
par cent on the capital stock Pro-
1UiGTE la "NJSatt21d& h&NS eooA INSL ~
liberal with the water as those in the
United States. and If the tax Is not
10 begin until they have earned
per cent on their outstanding secu'
.stles. most Of them will never pay .
cent. The Canadian Pactsc, however
In. from a financial point OF view
under ca pitalized. every dollar of III
stock representing at least dolla'
OF actual money invested. so that I
would begin Immediately 10 pa,
taxes tits probable that in view o
this situation. the Canadian Parlia
rnent will adjust the tax so as Z
make IL payable in accordance will
The present increase OF earnings owe
the average earnings for the last fiv
years
Mexico is becoming positive fac
tor again in the stock market. TIL
IL shown In the weakness of all SO
curities having interests in that .couu
try--weakness that 10 menifesting II
self In the face OF important construc
tive developments inside the compenie
themselves