Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-04-30
STOCK MARKET CLOSES
y WITH UPWARD WH|RL
Mercantile, Maxwell Motors and Dis.
tiliers Take Leadership in
Active Trading.
WHOLE STREET OPTIMISTIC
brokers Believe German Crisis Is
Ended Again and That Mexican
Trouble Will Not Prove Serious
Matter-Silver Stocks Boom.
by BROADAN WALL.

NEW TORK. April 2s-Stock. closed in
a" Upward whirl today under leadership
OF Mercantile Marine preferred. Maxwell
Motors common ami Di.,Ilers Other
stocks did we'll. but these were remarkable
Tor their activity and strength. The Rrst
day Of e ~ points. tho cscond OF - points
and Distilicrs Of points Reasons for these
advances arc well known. Marine Is ris-
Ing becau.c. II Is so absurdiy cheap Max
wen is discountins expectations OF = 10
OF tho per cent dividend rate that direc-
Tors EXPECT to announce next week and be,
Of making aee,onc from alcohol.
Behind the market AS whole was the
again and that Mexico will not b. > serious
matter. abor troubles are settled In Wall
tinnc long time yet. Announcement, wa.
made that the recent movement among the
property to Its stockholders. This is the
view, that lawyers have held from The be-
Estimate. made to-day of Marine earn
inks show that. after paving al British rs
mi. year. The -tockhoiders fsel that 4,
would he we'll tn reduce tho bonds and
some Of the cash may be used for that
Corn Product. heinE purchased to-
becaus. OF tho information that the com,
'hai can b. SUBSTITUTED for div. oil, 4
rrea, deal OF tho olive oil {, mad. out Of
cotton seed. In quarter. close to the man.
ss.ment there is confident expectation of
as .rcr cent rate ct tn. next ,n.',inE.
1t .,tablished new high record and set
trader. searching on, silver 'tos s, on tho
tn. 'e1ch.ns. and the various silver shares
on the curb were investigated with good re-
sep rs stoek. 'p American sm.,,ins i. on,
OF the greatest silver producers In the
The Steel Corporation announced to-day an
.dYane. s. ,1n IN IN. p Wnna, OF T Tb.
Nv. or. Monday. nsi..,S at pittsburgh are
st.., earning. this year arc es,iinated at
more than double the bcs, year In It's his
tory.
NEw YORK. april ce.-Trad!ys iurins to.
days short session way almost completely
Of M.rusn,lle Mar,n.. a, aavancnr prices
Th. preferred rose ga, points 10 the new
roin, to So. or !. under il. maximum, quota
lion. made early In the week Dealings in
. h. cent OF the ls
Demand for MARINES gave III imrression
official .,.t.men,, 20 In. .m.c, that new
and important interests alread" arc d"rni-
mani.
Th. balance Of the list wa irreruls- At
IN. outset. 6u, hecam. more ac,ive In III.
states Industrial Alcohol. the motor. 70
trocums. American Locomotive and similar
issues made extreme gains az to almost
Rails and other standard stocks w-r. duh
moa.r.,e io..es United state sie.i ro.-
small fraction and closed virtually I'M
changed Total sales, 1906 shares.
There were further favorable railway
for March. Reading reporting
piu- increase Of over 19'o,Hn aud Canadian
Pacific net gain Of SnsHI Trade reports
again optimistic md prediction OF higher
prices for steel and iron were freely mnde.
InCidentHi!y. silver another cents to
49,. iis record price ~ the last decade.
Bonds were strong. Total sales par value.
81 t.n.Ho. United States bonds unchanged
on call throughout the week
NEW YORK. April :e.-Mer"-n,ii. &so-r.
3I5L Sterling. .irty-day bills. H.7i. Il.
nisnd. H,Gi, cables, 3tis ILLS. Bsr silver.
,3i. Mexican dollars. 5ss,. Government
borl.. stcahS. Railroad bonds. stronE