Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-13
many SMALL NET GAINS
ARE NOTED IN MARKET
Action OF Entire List i'm Strict Ac-
cordancc With Technical
Conditions.
ALCOHOL DIVIDEND EXPECTED
As Result OF Report, the Stock Is
Scliing-Anaconda Copper Shows
Signs of Being Prepared to Lead
Rally.
IL, nRoAp>> WALL,


tinci attacks on Industrial Ncohol
failed to-day to start liquidation i'll
other directions. Professionals accept
cd this as a signal that the short in
tcreSt was going too rapidly They
covered freely. with the result that
tho decline was checked and uumcr-
Gus small net gains were record
ed Action of tho list WAS III
stric, accordance with technical CON
ditious. and smart rally now is OK
pcCtcd-JuS; rally.
Also in strict accord with the tech
meal conditions WHY'S overland sold
off exactly 2 points within u few min
utcS after tho dividend Of 80 a share
had been declared An extra dividend
WAS declared. but II being almost clos
ing time when this was known. the
traders did not have time TO clip that
Some of ;hc selling OF Alcohol is on
suspicion that hE dividend is TO nc
declared. ana tho stockholders want T."
about $50 a share tn" dividend
naturally will he q big one. and tho
attending break ii the market must
have almost discounted it The tails
is that this dividend will he paid in
stock, the cash being used for con-
struction
day of being prepared !" lead rally
Elaborate plans are made for a market
in the coppcrs TO celebrate the victory
oI the American ,s proHaT%FS soy 1000 ooo o ""
pounds Of metal. and as prciimlnarE
To buying it, have washed down N"
price in London to q level J" ceni
under tho price prevailing in America
Then, with the innocent look Of shell
men al "a country fair. they ask IN"
american producers I" accept thH'
price for copper
AMERICAN PRODUCERS
ARE MUCH AMUSED
The producers are TOO polite TO laugh
out loud. but they were DOING II To-
day in their private Offices. When th'
contract is made the sale Of lnSpira
ZION TO anaconda no douh, will be
announced. and Anaconda viii attempt
tu move up In accordance WIN inc
good news.
bremen Is nov at res, outside N'w Vol.
awaiting the proper mCnien, T." 'n,.t IN"
Germans thai tho boat enter Sew York
Wall Street prc,ends TO IS n"rT VI ' in
they arc liable TO become a very import
ant ono At amy moment
nevcd that after the French loan !. an
nomced there may be material ,iechn.s ~, IN
rates The most important feature 81 inc
money situation Is the denomination OF
the hig banks no, TO di<ce"ml 10, MIRO Nh 10,
Congress for good ronds Wa used a.
reason for buying autom"bii" Sto"Et IN"
arc so anxious 10 sell their stocks jnat
Wall Street feels that 1t Is not GOOD
Hints er. hcnr droprsd in n4nh'ns
houses OF = serious attempt I" stop h" de-
, ciinnr market. ON" ~ th"s" t"'d'i> was
a suggestion of mother advanr" in Steel
rrio cs
4. tho decline iu tho mari>ct i ,ntt-"ly
? rra,,,r Of ,echnIcel conditions which ht"'
been corrected ." somc extent by The do
cline and = earnings i'm all corporations
are ~ record level, n" market o. silly might
ho turned by -"mo incident OF purely
psychological nature"
NEW YORK july i.-Morcsutilo paper.
Sterling eiN'y-day bills, SANE. demand
STfss 80 blcs. Si.7SS. Bar silver. siT.. NcNi.
can dollars. "a. Government bonds. steady.
Railroad bonds. "a~y. rimc loans. strong.
SIXTY and ninety days ~ n -. sN months.
q. q ~ can money. strong, ruling rate, ~