The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-04-21
|llL STREET MUCH
MIXED ON ATTITUDE
To Buy or 20 Sell On
situation.
HAS DAY TO THINK TT OVER
Exchange Keeps Good Friday and is
Nervous Over What the Holiday
MAJ Bring Forth In International
Situation
RH RRnAnAN WALL.

New York. April 20--NeH develop
ynents TODAY were Of such characiei
that Wall Street was completely A
4 loss whether TO buy or sell stocks
Srhe net result 90 the days operation
v<As material loss. particularly l0
var issues. Az The opening the mar
kef was unsteady it then gained
In strength unt} about noon. wher
81 broke sharply \ partial recovery
WA followed by q final break NJ
great alarm seemed to Re felt over
possibility Of war
Brokers for the big comm ION
houses said that outside traders VINO
were short covered the day very large
II, but that floor traders ~ rule
went home heavily short Of stocks
Tire psbiic was absent Much salts
fartion was expressed that the gov
eraars of the Exchange has refused
70 suspend trading on Saturday re
well as tomorrow Possibility Of Inn
portant developments before the EV-
change opens on Saturday makes the
Street nervous
German exchange was higher. cop
Per metal was M sugar and silver
rose still further and the MsxIrar
publication seemed to promise some
firing definite within few hours
Action Of stocks TODAY was Illogical
and therefore apparently, strictly
professional.
Important banking interests are not
expecting an early end ef the war.
IA firm which has been Identified with
war purchases for the Allies saws that
England is now for the first time in
. position TO take the offensive. He
saws the plans call for the greatest
offensive OF the war between now and
June. II is his belief that the result
will Justify and explain the apparent
Inactivity OF the English marines
Plans for Peace.
Some Of the big corporations have
planned 70 make good Use Of their
war plants when peace comes To
appreciate the Importance OF what
they propose 70 do II must be re
membered thar IN many cases the
cost Of these plants was included in
the price for which contracts were
taken. Several contracts specifically
provide that the plants shall he paid
for in full in the event OF any orders
being cancelled Much OF the ma
chinery used for manufacturing mu-
nitions, particularly the power plants
and foundations for machines. can be
used for ordinary manufs curing pur-
poses The factories have been so
designed that when there Is no long
CIR need Of them for munitions, other
machinery can be quickly set in their
places. Thus the United States will
he equipped in short order with an
overwhelming factory capacity with
which 10 invade the world in general
The American invasion of Europe that
alarmed foreigners decade ago
promises TO ne repeated on grand
scale as soon IS the treaty Of peace
Is signed This viii be particularly
true in connection with steel and
electrical products
An important merger Of gold min
ing companies in The Porcupine re-
Eion is planned hy he interests back
"f the big producers i'm that camp
Announcement was made today that
the Dome Mines Company had pur-
chased the Dome Extension Company
Others are To be brought in. making
fsIe entire mp practically one con
Germ.
Prospect of war made Marine stocks
sefive, but the most important fac
Tor was the Importance Of AMIGA BILE
settlement OF the litigation. Conser-
Sative estimates % profits after al
lowtng or al war taxes ran as high
IS per cent a month. The preferred
stock OF the company Is selling for
less than the accumulated dividend to
SIS credit. This condition is a imam
.cial absurdity. Freak movements are
seen in Motors that seemed to lndi-
cate nothing more than precipitats
action by individual stockholders
Peerless and Studebaker broke badly.
while Maxwell. White and Chevrolet
were hrm