Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-04-21
WALL STREET PUZZLED
OVER DEVELOPMENTS
Brokers Cannot Make Up Their
Minds Whether tn Sell or
Buy Stocks.
MARKET OPENING UNSTEADY
Gains Strength Until Noon. When 1t
Breaks Sharply-F'loor Traders
Go Home Heavily Short, While
Public Is Absent.
nH HKnADAN WALL.

BY BROADAN WALL.
NEW YORK. April :o..-NSws develop,
Wall street was complctely at loss
whether "a buy or sell stocks The net
iefial loss. particularly in war issues a,
the opening the market unsteady. /,
when it broke sharply. y partial recovery
was followed by " hnal break. No great
BROKERS Tor the uir commission houses
covered during the day largely, hut that
,l""r traders a. rrle ven; home hsaD,iy
Much satisfaction WAS expressed that the
governors of the exchange had refused t"
suspend trading on saturday AS well as to-
morrow. Possibility of important develop
;uents before the eNchang" opens on Satur
day makes the street nervous.
German exchange was higher. copper
gh was sa up Pho sweat AND TmST rose s,
10 promise something definite within few
Action az stocks day was illogical.
and therefore. apparently strictly profess
Important h,nklur interests are no, ex-
witch has hec,. idcn.:H".' ~!,h way rur,
IS now for the rrst time in 81 position To
take the offensive. lie says The plans call
tween now and June II is his belief that
parent inactivity ~ the English armies.
Some o; tho nir corporations have
planned to make good use Of their war war
Importance Of what they propose 10 do II
must 10 rGmemhereH that In many cases
the price for which contracts Were taken.
ss%era eonra@tS fpeGtfn%, oI provide t that
the event OF any order being Cancelled.
s eGm m nun sn tH S po8 SIe
plants and foundations for machines. can
pose s The " factories c have been IS 50 de.
signed that when there is no !onEer need
tho United States will he equipped in
capacity with which to invade the. world
in general. The american invasion Of
ago promises 70 be, repeated on grand
scale as soon as ;.c treaty OF peace is
signed This will BE- rar,icniarly true in
uots. All indications point I" a contin-
industry for a long period Demand is
.nsis,ent from i"reien s"uTgss in spite OF
France. Domestic demand shows no sign
OF diminishing.
industry in Europe during the pas, two
years so that this vast amount of copper
metal exported from this country has been
used entirely for the manufacture Of war
material. When the War Is settled copper
be used once more for ordinary rur,,,
poses and while the salvage from shell
cases and other war inplemen's viii be
market to- vas, quantities OF the metal To
repair and replace multitude OF objects
co9t,nnanss Of the prde"st high pr ,n;m,rc
y planmeh by the interests buck OF The big
producers III that camp Announcement
was made to-day that the Dome Mines
Company had purchased the Dome ENten.
sion company ntnerS are to ne . Gr"nsn.
concern.
s,,ion 10 break away from tho depressing
factors which brought about the extreme
weakness OF tn" previous day Opening
prices wcrc mostly 81, substantial advances
and trading was broader. but the Improve
mont was short lived. Another selling
movement Of Increasing proportions was
encountered later. which not only obttcrptcd
most gains. but caused further material re-
c"Ssons. Weakness WAS again most pro-
nouncad in tn" Mar group. some issues fall
inC to lowest quotations OF III" year.
i.iGuda ton at its height in the last
hour. United states steel f.ll a fraction
under yesterdays minimum. Will" Rcthic-
hem Steel dropped 6'2 to 81. Rails were
United States Industrial Alcohol declined
5 rolnta aud SIudcbakcr Westinghouse.
American Smclr"r. American Can. American
Petroleum and .hc zine and fertilizer shares
r:n"s, the most active feature of tn" day,
Inor" than hold their ground with United
Fruit ana Reading.
German exchange ros" 20 as. for demand
on Berlin. Sterling Was dun bu; steady. and
francs shade easier
honcS "cr. dun hut lover. Total sales,
lar valu" s2,2Noo-N United states bonds.
unchanged on cali.
NEW YORK April 20 Mercantile paper.
""". sterling; sixty day hills. si71.: ic-
MeSicaE -oliaIs. tN'. Government bonis,
steady "ri,ilroaft bonds easy Tim. io,ns
"aSy;- sissy and uino," days. 2s,Va: six
month, 2m%. call money nrnl"r. ruling