The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-05-27
IT Of DULL TRADING
PRfcuES HOLIDAY
van SaEss. T0n Pays Considerable
AsRsnenna 30 shs Smashing Blows
eUuck NJ Germans AZ vcrdan
1mks Ne.< Pru0x Ga the Handling
~ CFsn Dcawhs From PAcAao Mail
Sae~.xshsp uomrauy Lass Fall
Nv HRs1AnAy WALL

New YORK May Xe--Ay1e KTpSn me
sSaA advances in the Motors and a
dexacz<srassea n rlGhsers, the stock
y-aA-Aas was aG.et today. closing in
,Ae late srAdsuE about all the gains Of
tAs earSy s~s+ or Nos. Of the stocks
showwa ret lssse= SIS result OF the
DAYS operations Trading was light
and attendance or the 6oor and in
Commission houses was poor. This
was due to the coming holidays There
In no over extended POSITION, sttner
long OF shor-, on the part OF the pro
fesxicnsl, and the market Is about as
near neutral az st ever gets
ConNdss-e BILE aoeene on again was
pA.d TO the aggressive operations OF
G>rmAns around verdun. Postpone
xneni OF che big offensive planned by
the Allies northwest OF Vsrdun In
causing some unsaEness among mar
kes leader~ who had expected a brave
showing there. These leaders are also
much concerned over the sudden In
crease of war orders on the part o2
tho Allies
No Reading Melon Cutting.
Mexico also WAS more IN the Wall
Street mind today and II 10 felt that
srrportant news of decisive char
actor may come at any moment. An
other thing that held the market was
the statement credited 20 q director
OF the Reading Company 70 the effect
that nothing is seriously intended at
this time IN the way of retiring pre-
ferged stock or GegregaMng assets
This director Is reported TO have said
that the recent market movement was
purely speculative, and was permitted
by the insiders, who were curious to
rec what could be done with the stock.
They are satisfied with tho demonstra-
u ~ a. ha at Afh
they have been able to sell stocks.
The Reading movement did not attract
muc4. public following into Reading
itself but ibid attract traders and
investors into other railroad shar es,
which will now suffer the evils OF
the Reading manipulation.
Mercantile Marine was quiet today
and the street has apparently taken
seriously the interesting yarn of the
q contract between J. p. Morgan Il Co
and the British government. This
persons go into corporations withou'
getting full information. AS a. mat
ter OF fact, the contract with the Brit
tsh government, which provides that
q ma ority OF the directors OF the Ma
rins Company must always be British
never was a secret II was the basis oil
hume Gus newspaper articles at this
time the company organized At that
time Morgan g. co. were criticized for
placing American investors at the
mercy of the British. Tho contract
therefore. Is absolutely immateriai sc
far as stock marked movements are
-concarnAd---
10 Profits being -rt"4a NV Mercantile
Marine may be g1impsed from TIT
fact that IL anlOu...~a ,ouaS the salt
OF the steamships Siberia and Korea
1t purchased these and two other.
from the Pacific Mail last autumn
for 5000. 900. The ships have al
ready earned more than $4,000. 00l
net and that with the 100000 re
ceived from the sale OF the Siberia anC
Korea reimburses the company 70
tho entire purchase, leaving II witt
two large liners which cost absolutel,
nothing. Although copper metal show,
a softentng tendency in London, plant
are on foot in Wall Street for a cop
per stock market next week,
Wall Street IS worrying abou
James J. Hill. whose illness 10 report
ed to be serious 1t In H. fact that
really important man always is NOR
seriously III than reported for mino
illnesses. for such personages ar
never reported at all.
Mexican Petroleum was ono of tn
very few instances which showed
gain for the day. Announcement wa
made IN the afternoon OF a contrac
with the Standard Oh Company 70
1l.25o.0 900 barrels of crude oil, to b.
delivered to Standard OIL ships a
Tampioo. The Standard Is TO take al
the distillats produced by the Mexi
can Petroleum, The price was no
given. but profit on the dtSillate alon,
In said TO be equal to per cent OF
the common stock OF the Mexican
Company.