The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-01
SIS, COTTON AND
GRAIH ALL STRONG
vn0EaA Cotson Report ForCrS
~ Usrmit Enwert-ix of short
A. Co1ty1CsS-
IexI AND MARINE WAY UP.
- Ccnscrtsd Raid IN S'~el Causes
nknx Br,slS--str~~s N,.i Worrying
sNer Efforts Of Pso,rs@fNi strike,
Bv SR1ApAN VAIL

Dew ycgA, AsNx s-g~--Stocks. cotton
m RrA.n vsa-s e. syrcng tacay an
kny new aAxA records neS~ uS,~o.
@41>o. government re4or: OF cotton
Il &oreed urgent covering - short colt
u tracts Bears who hse bee. >ei.4"E
knWaheAt or the .eaark.ta.e ID, ny ,H"i
4 strike would areak 9r.res came ~
h heir sense and ooverea also "a he
EJeock market other Influences han
tAe strike were busy, ami ne strike
aniy had the effect {. Tss: -atnin& trad
|Ang.
steel touched its previous hign res
4 nd and new records 1or the year were
EUa1e BY Marine and Inspiration Ccp-
EWoe. Just al the close a bear tn!
Eprn9 made on Steel thai broke tho
|HnU1Ce two points within as many mn
nA Wall Street Is curious 70 see
E112t will happen 20 Steel at me open
4I4 Tomorrow. Steel. Il can he SAD on
- authority OF q director, IS ne
E16re than It was expectei = eaFG
EUAon the same director SAL Il would
E1ngn more than $500, oo0.o95 r1t for
10 year.
y! ia Many operators consider &. a bear
Argureni to establish al cirAt-honr
kAY ny 's1"s CO . N7E'NtH.-"-
pooss TO do.
Have Always secured Justice.
However, as the railroads haze AL
[Unys secured justice IN the Ions lun.
|xAe street probably SJtd find THAI the
{rah1kc will accept peace in IN" r1t'-
{Road world at whatever cost rs a-t.
{9egument The reason for this IL rhat
IT, railroads are only one OF the
|01omerts in the situation. The stock
1nnxket has been getting along with
Mnk railroad Anticipation fer good
nanny months
The bull market in progress IS
oAsed upon the earnings Of industrial.
.noocerns and the only real worry "
+tknders is ON account Of shipment OF
nanufactured products, II these re
no< held I'D The industrial earnings
U1li continue as at present and the
railroads can have their bull market
when they get their rate increase
Present earnings would satisfy the
ni1road managers wtthoUtsAsn increase
- rAtes IL -eent 4 rHaaee- ware sss-+3Easis
S3kA II the employees other than these
Nxeatening 10 strike. were not de-
mnding increases. II tne dtsp5'e
pnt1 arbitrated, the railroad men
1oNld accept gracefully the very thing
- are now standing sa't5}- against
n0y ADMIT Win FfRIttf tint " IAhh
- naGn are deIuanaing i a GOOD i1rl-
tton Of what they Themselves want
10 They are the SANE sd rail
&nd men, however, tas, Aecome
eouabis them selves. they airs vast
6xa arbitrary in demanding t1at other
E8enrla be reasonable as theE wore z
&HAcade age IN Insisting that they had
$noGhlnr TO arbitrate Their chickens
Ekaye coaae home 20 roost
Railroad earnings were entharTass-
n14y large. Sc was the stock pro-
bOsed by the General Motors Com
60y That company proposes TO
innate the par value Of It's stock
stasue five shares OF new con1rno on
1ach share on the old outstand-
This has not been officially an
SUuncec yet. but IL is the plan per
finally approved by directors Of the
EIompany The folly of having any
ENDar value attached TO any stock is
EIaAually becoming apparent to cor
BDOrAtson managers IT Is on a par
with the unfairnoss and injustice OF
Epermitting corporation 70 issue
EhOnds other than mere debentures.
heading hankersexpect TO see laws en-
acted within n few years forbid ding
Epar values or more than one bond TO-
&eue by any corporation