Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-04-26
EARNINGS ARE FULLY
UP TO EXPECTATIONS
But Street Is Sadly Disappointed
When Steel Corporation Fails
to Pay Extra Dividend.
HIGHER MARKET NOT EXPECTED
Directors Evidently Feel That For
eign and Domestic Situations Are
Sufficiently Muddled to Make Pub
lie Cautious.
ny nRoADAN WALL.

NEW YORK. April 2s-Earninrs OF the
81 Tho MARKET oa% %art "sS %s
for tho mrs; quarter Of the year. and fnily
sr to s.TSriS,i"qs sn, IN, strict was
failed 60 pay nn extra dividend on the
common stock Directors even went far
as 70 Let doubt be cast ON the rcpor, that
special fund is to DC Sc; aside for dividends
As original announcement; Of this special
tho Steel Corporation. and the Street
was FUR today Of rumors that an e<,ra
day. ,omcal action was depressing
II looked as If N" directors were not OK
ton Was In line with ;hr views 90 several
important bankers who expressed them
IN the market a; this time. They feel with
decisive battle in Europe among the pos
delicate situation stu! existing between this
country and GERMANY. with the Mexican
!, enough to make tho general public
tious. New complications have arisen in
irish trouble tina, broke the narIte, before
the great war began.
Steel Corporation board in emitting tho cx-
ira dividend that was Rlmos, promised viii
be taken by professionals as cue TO sell
stocks.
a; tho momer, tho mari:et is in
strong position with w"ak accounts wooded
Govt SSye by ,se rad o; last , SS'nraT ETGhans"
'.ns market last Saturday as serious
mistake m, because tho in!ury done 10 The pub
thousand, away for months.
preferred came within about roin, OF
a. nearly si,5oo.coo. '"'"''o
Marine stocks are not advancing on earn
has boon absurdiy cheap at all levels. 1t
car Internetiona Corpora: lion has decided to
buy control: Professions! traders are look
s7o,ceo.oco loan OF tho Sinclair on Com.
panE to furnish now trade tavorite. Tho
leading Investment and specuiative houses
IN The street and the volume OF stock Will
Tho fact tina, Of bonds n,mst ba
YEAR are nage d. for .,ssf
Is II have TO par value. There will ho
&c 1000" shares OF It. The prcsen, issue is
An active market is to be made soon in
The stock Of ,he Metropolitan Petroleum
Richard p LeverinG Harry Content and
inter- resm'n19 s. oil men and nancers are
activity is that it has made a contract to
deliver something over 100000 barrels OF
r , OIL In the twelve months beginning
IN, IN. .Goo,mapsny holds nt,y,year leases on
territory OF Mexico Its lands lie between
Company. tho largest we'll IN the world
being on the properties 81 these two COM
pante,., Part Of the, Metropolitan property
!: Gs'd IN p.rt"ersh;p Vim n. Mexican
assured Of above 5000 barrels or high
srode oil daily. 1t has concession from
leading to the coast. The piping tor this
Tine has just been purchased and should
than tn" middle .. July "'''" "'' '@'sf
In common With other oil companies Of
tina, region the Mctropolitan has extern
sre se.rascs. and there IN no question Of
It's ability "a produce. us problem ia tho
co,npsnies1,,shirs. II has no ships, and is
able to sell only, TO customers who go to
The International Petroleum Company IL
reported to be planning 10 establish itself
headquarters In Toronto. The Wrestling.
house Company has finally s,raiehtcn.d out
Falls, and IS able to begin shipments III
r'hes 10 Russia Tho trouble
ability to ship. Tor the riGe Designed hy
the concern Is pronounced by military men
also ru,nored in the Stree, tha, the : on Mis
Gsny intended to fight it's striking workers.
roiry in Wcw "t The FAC, ,ha, ef by n nn SG%
r ron T. would be able TO move It's
prsrs only small par, o. the wes tn
house orders.
The Midva>e Steel and Ordnance Com
inen,s OF rifles to tho i,ri,ish government
The e fJ ,SnmeS ses Witch made
is nov sending them in heavy volume
Prices OF sugar and copper continue 20
soar New high records made to-day
in riircs .or raw sugar. and stocks ~
companies dealing in surnr. the COM
mnGt'y, were. strong, Stocks Of copper
metal for fufsre drtiverr are practically
exhausted t.r the end of 1915
NEW YORK. Anril 25.--M-rcantiie paper
ga 81. Sterling: siSty-day bills St73H: de-
maud, Sti6;7; cables, So LIE. BAR silver.
6T;s McNicsn dollars, hIi7 Government
binds. steady; railroad bonds. strong
Time loans arm; sixty dars, -. as; ninety
davs. ;; FIX months. ~ can money. arm
ruling rate, 81?
BOND IST