The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-03-07
Of GERMAN
| ADVANCE BULL NEWS
Failure OF Germans to Take French
Fort Over Sunday Impresses
Professionals ON Street.
PRorTr-sHARING DECISION.
1upreme Court of United States Clips
United Profit Sharing Coupons In
Uphoiding Washington States Cou-
n-Taxing Law.
fBy BRoADAN wALL.)

New York, March 6.--News in gen.
tral was favorable when the stock
market opened today and prices adj
vancei sharply. Several OF the up
Ward movements were based on genu-
Ihely new developments IN the way OF
big earnings, but most OF The strength
was purely technical
Wall Street construed as good news,
marketwise, the fact that the Ger
mans had made no great impression
et verdun over Sunday. ProfsssionaI
kraders have decided that Vcrdun -
not going to be decisive battle. They
IRE looking elsewhere for market m
spiration now. 1t is likely that TO.
morrow Congress will get most o.
khsir attention as the question OF
warning citizens against traveiiaf On
armed liners lis to be brought TO an
issue.
The perpendicular advance or nine
points in Crucible steel was felian IDLY
stated to be at the expense OF trao-
er who was short. This TRACER mas
been selling freely between ~ TO ~.
Hasolinc and Sugar ADVANCING Aihs .
Gnsoline and sugar were allies in
khe advance on the bears today. The
motor stocks also advanced Those
most actively traded in were those
pf companies specializing In low
priced cars.
on stocks were naturally up be-
nause Of the greater profits the high
br gasoline will give.
Sugar stocks reflected the advance
be that commodity to about record
prices and expectation of still higher
prices.
BY unfolding the Washington State
law taxing coupons issued by anybody
bther than the storekeeper using
khem. the Supreme Court of the Unit
ID states dealt a heavy blow at the
United Profit Sharing Company and
HE whole system of profit-sharths by
means of coupons. United Profit
Hharing stock on the curb suffered
hecline OF rs per cent In market prize.
breaking from $1.7s share to si.2s
Pn the announcement. The decision
bpens the way for State legislation
lsainst the system of distributing
nerchandiss which has been fought
by the great department stores of the
eountry. II does not affect the rights
be stores that distribute coupons re-
te~ma HE by themselves.
Equipment Companies to be Busy.
Car companies will be compelled to
operate Mt maximum capacity for the
hext few years to place the railroads
bn an efficiency basis, says an i'm
pDTIhnI DhAhAfi& Nfkat P1t9A1t'~o
hsures today in support OF this con-
ention 1t In shown that owing 10
Forced policy OF retrenchment for sew
kral years. the roads have neglected
Equipment which the sudden and un-
v.ecedented revival OF business .sow
nakes necessary. The equipment
companies are also declared to be
nadequately supplied with machinery
Tor producing the necessary volume
be cars. so that IL will be struggle
10 put the railroads on q basis OF
komplete efficiency. The natural de-
huction from this In that stocks of all
Equipment companies should be pick
"a up by investors.
Railroad stocks were depressed to-
hay by announcement from Lon Ion
That the British government was IL
|astinx that banks call all loans In
which American railroad securities
appeared a. collateral. This Is along
ne line Of policy already announced
Ind throwing these stocks out of the
bans practically turns them ovsr 10
he government for use in the asal
hat IN understood to be unds~ way
Tor another big loan In New York or
Tor actual sale here. II has not been
decided, 30 the bankers say whether
The stocks will be sold or used AZ coll
|aterai. II the Germans win ar Yer
hun, the stocks will be sold. There
lore. 4 German victory is a bear argu-
|nsnk