The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-14
MOTORS. AND MUNITIONS
STOCKS SELLING HIGH
Wall Street Hearing of Big Things
Soon For american
International
STEAMSHIP STOCK BOUGHT
Emboldencd by Maine Results, Poll
ticians Plan Abolition of All state
Railroad Commissions, Giving Fed
erai Government Control.
RN RROADAN VAL.

New York Sept. IL Ste rks were
purchased with enthusiasm again IN
Wall Street today New high records
We're made, and in such stocks as TO
excite public huv,ngs
Bethlehem steel sold at $50 and
General Motors al So. The new
General Motors stock did even better
relatively. for i sold at 20 NidVate
at II IL was a new record for naany
months Atlantic Gulf and West In
dies made a new record by crossing
%. The motors and muntt. ons joined
the steeIs and even in the railroad
list there was some activity. Reading
and Union Pacific were the strong
features there OF news there was
rome really new. hut there were new
versions of old stories Ore Of the
most interesting Rad to DO with the
marine shares of all kinds. 1t was
said TO begin with the Atlantic Gulf
and West Indies earning $50 share
on It's common. Then 1t was whis-
pered that a great com bnation is be
ing worked out whereby in a few
months all the marines will be gath
cred into the American International
fold That company owns large
Interest in all Of them now. The ru-
NOR goes that IL viii offer its stock in
exchange for the payment for stock
Of Pacifc Mai. CASTOR. Williams q
wigmore, international Mercantile
Marine and Atlantic. cur and West
indies
No confirmation could ne had of this
further but the Street received it
kindly because such a development
would be logical and good business.
Motors all went when General Motors
went TO its new record. Maxwell
rose more than Eve points Stude-
baker which the bears have been
hamr.erinR for par. was so strong II
looked as II a thirty point movement
might be starting. There 10 evidence
ri a desire of the motor managers 10
put through n deal in spite of the
unfortunate market accidents attend
ing previous attempts
The deal in which Kelly Springfield
was supposed to be concerned now
turns out TO he merely "a plan to
treble its output and move from Akron
TO Cum herland AS the company can
not I'LL more than third of its orders
now, multiplied earnings are assured
in the near future. 1t is believed II
will take less than a year to get the
new plant IN operation. and In the
meantime work will continue at full
pressure at the present plants. Az the
company Is earning more than $40 a
share on Its stock. the outlook is
pleasing to its shareholders.
An advance Of four points in Indus
trial Alcohol was natural result of
the new contract FOR powder taken by
the DuPonts. All the output of the
alcohol companies will now be re
9uired--And more,
Sugars were firm as the result Of
another advance of raw and refined
products. Beet Sugar is earning at
the rate of more than $50 share
on its common stock with actual
! cash In It's treasury greater than the
par Of preferred outstanding.
Steels were all under the same in
duence. It WAS said that M!dvaie
might begin dividends next month
with an initial payment OF 81 a share
Extras On United States Heel are ex-
pected as matter OF course, but the
big thing Is its growing earning &C
rount.
While Beading and Union Pacific
need no explanation, II was said the
politicians, emboldened by the Maine
election. we're planning abolition of all
State railroad commissions This
would give the central government
absolute charge of the roads The
railroad men don't object TO one mas
ter. however severe. What kills
earnings Is the attempt to obey forty
six masters.
Oils were strong on buying Of the
best kind.