Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-10
COPPER LEADS MARKET
THROUGHOUT SESSION
Day in Wall Street Closes With Inn
provcmcnt in Nearly Every
Department..
ACTivITNs BRINGS REJOICING
Anaconda Takes First Place, but
Even Trouble in Mexico Does Not
Prevent SmcltcrS From Joining i'll
Movement.
EN nHn\n\N WALL.

icy BRONDtN WALL.
led Sf nv 49, fnDams ,onr Ssss,"n
IN Wall Street, aud the day closed With
improyenGnt IN mcarlE eN"iy aernr'h IN
Street has been waiting SO long Tor these
stocks to morH int to-IaE,s activity was
hailed with rcio''nF Many traders hhd
become discouraged and had dropped their
stocks but they quickly began replacing
them. Anaconda was iha leader. ana even
tho ;roubIc ~ Mexico was uoi able /" hold
Smeitcrs from joining IN the movement.
Next 20 ;ho advance in corpers. The i'm
Tortan; feature OF tn" DAY was steady ac-
rumuation OF muniu"r stocks. some eN-
nounccd in The mar future. onn in par
NcuInr IS expected To clcCtitfy the street
Il is 50 large that it will probably have :"
he distributed among all OF the uunl,ion
makers ana undoubtedly Will revive public
was one Of tho bcSt.purchascd stocks in ;hc
Street ihrourhou, tho DAY
In spite Of publicity warnings on the part
Of Tho railroads the railroad shares are
,narkable earnings r'i; Justify The sta:emen,s
students ,o the etc; ur,; what the roads
needed was not higher rates. bat NOR"
or all tho railroads il IN" United states
that arc in ihc hands OF receivers there is
there the Iesul, OF tabor troubles Of
Improper rates. The report the Rock
Island jus; made public by an efficiency
expert. shows tl'ai even tic failed railroads
are not bankrupt The wave az prospc-it"
threatens
TO sweep away opposition to the ciGh,-hour
day that thc men az" demanding.
Wall street inicrpr"ts tho peaceful set
ticmcnt OF the Lusitamiu matter rs evidence
that large war orders will make their APP
pearance I'm the Near future. Bankers argue
mat /; Germany mad any idea OF working
for peace. quarrel with the United States
would be useful Since Germany II. TO
remain friendly with ;his country, hc- in
teotions must he 10 prosecute the f,S
an extended period. 1t is Eeneraiiy believed
that j. Il. Morgan went Europe for the
portant orders for munitions.
or the companies likely 10 receive war
orders, the most prominent the West
inshouse. Crucibie and the New Midral"
s"imnamF: In view OF INC. large number of
of arms most likely 10 h" needed rifles.
Since crncble j. the chiet manufacture of
gun bar steel ana Westinghouse If rifles
the logic j. hat these Two comuunics will
receive the bulk .! the business TO III
Westinghouse is believed TO lie cheap.
even without war contracts. Tho advantage
years vii! never al! hc lost.
Passage by The Senate in the afternoon OF
, ni.is Glowing three naval cadets to each
tcnSrcssnan and Senator instead OF two as
Tor navy -yara improvements was :, dis
iihctiy hu!!ish argument, according 20 Walt
stree way OF thinking. Much OF the cheer
Ths MAXWELL Motor Company announced
that h"iners al warrants who don't ex-
change them Toy nrst preferred stock trust
certificates before March 10 viii not he en-
,h hd TO- ih' dividend OF ii per cen, pay
RAPIDLY. exchanged Tor preferred stock The
Maxwell company has standardia"d it's ear
:" 'hni purchasers VIII not he made TO looi:
like back numbers as each years new
model appears This "rparently unimrort-
ant fact If reported 10 have great innurmcc
on the sales. and has encouraged much
buying OF the stock
i.iic mas been made a partner OF steel as
a barometer az business. Its gain OF s6eii 20,
IN IN ~ net for III" hast half OF 1914 and OF
stt''..'"N Tor I'"c"Inh,r. - therefore OF n.orc
xvi. q.
The %ardstick OF prosperity hacaus. i,
spec!ali@es in freight Prcsidcn, Underwood
trains. His only desire Is to get hen ~
, me, IGIiln",ion In safety. II" leaves speed
I"eH - ont Tor the freight, anG even the
fs"nSH 'vaniN Is not SO truly representatives
new Eric Fries earnings theroforc dis
S,oSc . remarkable condition OF growing
NEW NOKE, February o-iack OF huving
power Implying little public interest was
market whicn was duh and circunscri6eI
10 ne i'Sl n""r. when a vice aud general
marcus suh,,nn;i@i gnins. '''s" !" ""-
On tns Wh"ie, c"rrers We're foremost In
leading 'eai group with an extreme gain
o. o., ~" 70 40. l-aGNawanna Ste! and cru
erni Electric. Westinghouse ana o;hnr
equipments featured ;hc war issues AZ
s saqs .1 e! 70 OYER points while various
western tn'"n and Mnckay companies
gained much.
This bs,terment vas partly on.e, bv IN
i,!nittent hcav!n"ss ID oils motors ~
Tester CORPORATION ".iams ,smerican Sut:nr
pies Gas. While making up much los,
ErcGn later, rails subordiuated 10
~ lis fullest vigor In mo inal IcnlInre
United states Steel and American Sn,cIt
ing sharing e"nspi"uousiy In tho uowurl
lr,gre"sed strength was shown hy rate, an