The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-07-13
NAL ALCOHOL
INJECT OF ATTACK
eUuG Fxuf9uu6ouals Use Heavy
elInsry On Bocss In
1ese Hears Report That SEQ
nEmAn U.Boas In Now wait
0ood Opportunity 80 Eater
\ xogk HArbor.
nv HROADAN wAIL.)

York. July l1.-Thrce distinct
- ON Industrial Alcohol failed
n - start liquidation In other d.
IN Professionals accepted this
n18nAl that the short interest was
TOO rapidly They covered free
nth the result that the decline
checked and numerous small net
- were recorded Action OF the
$50 In strict accordance with
MEAL conditions and a smart rally
E0W expected--sust n rally
10 In strict accord with the
kntcl conditions, w!liis-Overiand
IN exactly three points within 8
minutes after the dividend of So
knre had been declared. An extra
1nnd Of . per cent payable IN stock
also declared, but Il being aim oct
eng time when this was made
nWn, the traders did not have time
clip that OF also.
I'll ome Of the selling OF Alcohol ie on
nnspac4on that q big dividend Is 10
deciared and the stockholders want
Jk&t out As the company is earn
X about $50 share. the dividend
mi naturally oe big one, and the at
1ding break in the market must
&&ee Amos. disc ounted II. The talk
that this dividend will be paid In
1ock. the cash being used for con-
xuction.
Copper Ready to Lead Rally.
Es Ananconda Copper sho--ed signs to-
NY Of being prepared to lead a rally
73ahorate plans are. made for q mar
Eet In the coppers 10 celebrate the
&1ctory Of the American Producers
aver the Allies The Allies want 400
100. 900 pounds OF metal and as a pre-
3lrnsnary to buying It have washed
~
zen cents undef the price prevailing
look OF sneTrrner AZ a country fair
they ask the American producers 20
rSrrps that price for copper. The
producers are too polite 70 laugh out
loud. but they were doing II TODAY tn
their private Offices when the con-
tract is made the sale OF Inspiration
40 Anaconda will no doubt be an
nounced, and Anaconda will attempt
40 move up IN accordance with thu
good news
U-Ront Wear New York.
I. was learned today that the L.
Heat Bremen IS now al rest outside
aNtw Sa-k awaiting the proper mo-
m~ne ID nytcr harbor II is espec!-
80. 's'~-s ~, tho Germans that the
heat be able "a enter New York.
az aet preterds 10 ignore these
lzsss7~sa. freis}f arriers as market tn
fs.erers, but they are liable to become
~~y in. ortant one az any mo-
fsent
Money was bit easier and 4 Is be-
1ie-ed that after the French loan is
ernounred there may be material de-
ciires in rates. The most importa NJ
fsa.aae Of The money market is The
discrimination OF the big banks not 20
i-raurt Appropriation of the large
lsusn o. SIS, 100000 by Congress for
Il -roa lads vas used as a reason for
buying automobile stocks. The in
siders OF ali the auton1o bile companies
xin SO anxious TO sell their stocks that
VIII Street feels that II is not a good
Time to buy. II Is quite possible that,
az in the coppera the autom obile
stocks and the sugar stocks will have
10 be reaccumulated by the insiders
before the public will stand and de-
liver money for them
Higts are being dropped IN trankin e
houses Of a serious attempt TO stop
the declining market. One 81 these
today was a suggestion OF another aa-
vance In Steel prices.
As the decline in the market Ia en-
tireiy a matter OF technical cond,-
tsoas. which have been corrected to
Some extent by the decline and as
earnings In all corporations are at rec
ord levels the market might easily be
turned by some incident OF n purely
PSYCHOLOGICAL nature.