Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-21
! sJQCk MARKET CLOSES
WITH MANY NET GAINS
~ Acts in Strict Conformity With
% Rules Governing Bull
Movements.
gAiERCANTILE MARINE MIsHAr
sSetback Caused by British. Per
Cent Tax to BE Levied on War
~ Profits-Mcans General Advance
OF Ocean Rates.
ny nRnAnAN MAl.l..

ISL NEW YORK. July Sc--a >2.,H d:
IS "a serious speculative Ts.shSc - NeT'
s6cantile Marine, the stccS :Oa-Ss; closed
thto-day with many net s"inS it;s- ts'A'
nical weakness during 7Art .. t,'t <s<.
ss5eSion. 1t acted III Sfc-c, son 80, .Esl -
the rules Of II, street soNSF rlSt
bull markets. AcCc:dirs - schedule,
& 1T is expected TO sac" -H>- tAS.'' !
The set6acR axpSrisacsd ~ s.ercaa.
Z tile Marine was caused by "aAcAAS-
ment Of ihe per eent IN - - ~,
II son this did not hurt the .n@rf>st '.1o! t
s#iwas that IL VIII mean genera. 40
!Ssvance of ocean rates TAettiots sNE!
and West Indies and CASTOR N!!Aain'
4 and Wigmore Will prot-i anu uE.HE :
Is as the British war taN Will tahe Slt.
Some persistert bears imagined ,n.E
saw in this new advance 81 'nS W
|, tax an attempt NJ the british 10 ;Sn-
ture control OF the biz company The
Q company has been br!uSh since O.:
II ganization, and under tbs terms o. Us
4 ORGANIZATION, can never be otherwise.
cit simply happens that more Nneri t.,
!. money is in that COMPANY IMAM IN Sn
other British shipping concerns Even
with the increased tax II is estimated
& that the company Will earn 60 per .cSn!
3 ON its preferred stock this wear. That
& is no hardship for 3 concern that was
= willing TO 60 through receives "'F :"
e Marine is liable to fare as well from
tax point OF view as some OF me
b american nIunition companies \ lev
/ of these latter are making Slrthu ,.S,,'
.,rnosition TO the proposed ne" gov
eminent tax They overlook the fact
: ahat their own tremendous profits nave
been made partly at ne sXneiss .. t res
Il suit of them. the cost Of living mas
been raised for everyhodyIior those
who have not gained anNthinE IRON!
Z she var. as we'll as those who have.
Wall Streets mind was % n Wa an ,aS
sstiiiers ami Alcohol An officer 81 one
OF these companies admitted ;o-"aE thst
!, Everybody had been pledged 70 f"cter, w
regard 10 details. Ic oNprcssed NJ eeilet
that the pist:iiers corporation would derive
4 Alcohol The now contract VIII ke@p ON
b companies busy perhaps uni'' the fha Oh
both Of these s,ocss Nav. ban thoroughly
4 into the hands of interests identified Win
7 big things in petroleum. These nGopls ssI
both reflect in the mark, what hrs re-;
done their movement VIII he Is mGth!ns
Sopnen in The oil list Some oils d.d ycll
to-,,ay TO the sorrow o. those short Of Mex
lean Petroleum in par, .on,r A.ns,G an
turn to the property whence ,h.y "seaP re-
scompanys annual report FOR 1915 IS d..
4 appointing TO the Street. but tho big thing:
! california pe,rolcrm was strong in sym
PATH. Its, strong poin; is the fact 'n.t
s oiircd for It. and that it has WORKING
agrc.incnt with another oil company on
+ nhling 1t 20 reach the market With whaieyer
oil II may produce. -Four stocks under The
. general control of one group Of stock market
Y operators are lcinE uCcUmula ted on big
scale md believed TO I've about ready
10 make a denonstra ton. They are Max
well Motors. common. Hallway steel Springs,
american Can and American Beet Sugar.
se Ali these are making such large earninTs
q That subatantisl dividends must be expected
on all OF them not later than the hrst Of
;!eSt year
thing possible doTe by 'h- banking
1rutcrpfty 10 make he public :-ei welcome
in Wall Street Brokers getting better
terms from the banks.
HEw YORK. July % -Mercant.. paper.
AZ. Sterling s.r,y-dsy bills. !i5!., de-
snand, si..5 i3-l5 cau!-s st.7g-. nar silver.
GA. Mexican dollars. 80 Cov"-r;.
hnr6s, STEADY. railroad bonds ir-egGl.r
'TIr,. Loans. steady. SKY anc n!rs,~ dtys.
;;aS14: six months iEgSi. cal money.
ate dy: ruling rate y.