Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-19
BUSINESS AT MINIMUM
AND WALL STREET DULL
Traders Struggle in Vain to Start
Movement One Way or
Other.
BEAR PARTY SEEMS EXHAUSTED
Only Few Stocks Yield Under At
tack. and Shorts Are Compelled
to Cover ut Higher Prices-Crop
Reports Satisfactory.
BY nRnADAN Wall.


minimum in Wall stree; to-day, and tn"
traders struggled without avail 20 start "
movement one way the other. The net
result was Slight victory for those hehtinS
for higher prices The bear party seemed
TO have exhausted SIS ammunition Traders
soe-, Of stocks sought 70 G" "i, and ~ M IN
yie s,i undSr attack Most brokers reported
snd that all OF the customers with had
nerves have been frightened out Of IN"
yestors carrstuE war stocks that show big
losses US compared with the high prices. hut
iicvins th1; cheap money. bis earnings and
a continuance OF the war MI! erns about L
more sat!stactcry. The fact ihat Germany
he's tesn able 20 record partial victories m
allies Strengthens thc belief long held in
high quarters OF American finance that the
RIroRT FROM WkSiINGroN
has EFFECT on MtRkEr
o, Tho .narke; was tho report from Wash
.nEior ,hat ;ho Iuitso S'aies &.NtrNmsni
for mGntt.ens-tnat JACK o. these munitions
forced the President 10 reduce the M'NigHi
s ,,;'5,,ar\ 70 oaisisIs arc said to he of the
opinion that the uni,eG States is no. s9im.
NTH the - Mex,caas This appiss: in ,M,s
belief 20 both tood and AMMUNITION. \
tor the rnuni;ion companies, and stories Of
ct.inartl!ns plants Will be heard less ire-
aGcnuy /, was reported late il. the day
would he held III the course % the eNcnlMs
20 plan The placing OF new Set'es 81 Me- IA,
allies is consuming ammunition more rarldlE
Than had been eMpse'eH, an1 , ~ ny ~ Y%,l 10
wasted American munit'on makers arc
confident that large war orders Wi! he &c
Another sinking spell in wiilys-ovcrland
was 10 surprise 10 tho Street. nor vas No
In both companies there hes been ineniru-
ia,ion in the hope OF divertins puhiie a,.
etock was selling. The motors As group
arc being picked up. again by trades, Wn s.
lisve that the shskc-out has Dro.eelcl IA,
enough. Weakness o: Tennessee COPPER MMs
mcnt was demanding rOsu-n forthwith, 81
the sl.4oo.ooo advanced on wnf ""'ti1
which the company has been uhhG.!" l" ~
on schedule time because Of ire Inc com,
pany expects to adjust inns Na'l'F ~.
additional orders which Will he taken VIII
out any cash advance II IS rlaMh'I , ~ no
Of cash that Will bc required may make II
necessary for tbs market to d" som"
AaTTAcK is MADE on
Nci;ol under tho mistaken n9,on my "a.
Canadian government would inl'' 'NNyrl 81
nickel because tho deutschland ~ 'ahsn
nickel aboard for GcrmanN TN m,n',
taken did not como from Canada, aud lA"Hl
or,lial relations exist between tn" ""Nl'"nh
md mo Dominion government Nif',rs has
maid dividends as larE.. thos" nov N"lnE
distrih,I;cG with Lose business iEan "a now
on hand Tho stock has sold as nicn
proSpcCts never brighter ana IN" "ltN
poini made against tn" company Us maj
IL multiplied tho number oi liz shares ny
four evidently in N. hon" Of selling thtr!
10 the public and disgusting tn" faci mat
they are selling Far above par Nsna-"-
mont OF the company Is ~ the hest, and It's
product is 4 business necessity IN prAc' as
wen as in war times. Careful investigations
h4 "a 2 70
ialists arc tacitiy accommodating Steel shares.
They arc doing this not much In "A-
pcctation Of an extra dividend next w""h
as in cNpcctutlou OF continued heavy volume
in business.
rs i%nf I. .a a hd a, o 5a s' fs4 2T
material oven though American wNn!uon
companies may not get orders for finished
T5-morrow being tho date 50, for tho
sale of tho Frisco property, an effort was
made to-day force down IN" bonds Of tho
company and the effort was successful
Wabash issues are r"rslStentlE accumulated
u Ngh quarters as arc Rock island GrecE-
,urcs and the stocks
NEW yoRK July i Mercantile paper t.
sterling siNN -doy bills, SAM. dcmhr Nd.
- "a. cables. Si7s 5-i6 Bs' silver cos,
Mexican dollars. IS. Government bonds.
stoady. ratlroadbonds irregular Time loans.
easy .t$ty and ninety days, aN,Ti six
months. sac. Can money easier ruling
rate. -