Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-06-02
most OF ACTIVE STOCKS
SHOW GAINS DURING DAY
Although Trading Is Light, Market
Is Strong, and Some New High
Records Are Made.
MOTORS, OF COURSE. IN LEAD
Threatened War With Mexico Fails
to Make Material lmprcSSion-Sit
uation Cleared and in Fighting
Trim for Another Big Campaign.
BY BRoADAS WALL

SEW !ORN' Juno Although trading
and half dozen high records were
motors Nos, Of the active Il, eS S,ocs anown hs
net gains as q result OF the days ;ransac-
IONS u1ns; and the Threatened war with Mexico
Mexican Petroleum. which would naturally
feel , tho 6sun' OF any depressing influence In
lost fraction and Southern Pacific showed
a net gain.
This action Of the stock market is due
to the fact that thu trading public has
definitely inade w ITS mind that war is
war is In Mexico or Europ. makes no dir
ference 10 Wall Street. Munitions TO
be eopEht on large scale. and an the
,o..s AmetiS I;,. To.day. for instance, ,a tho
ment came from Canada. Draining of
American stocks from the hands Of Eu-
nuence, for the worst that can possibly he
known regarding American securities IS
dalton can no longer I've used 10 Tighten
investors
The fact that wha, European Humiliation
Amer,ean Investors are hunsry for such
thus!asm.
Tho Wall Street situation seems to be
esaLea AND Pb EGns T Tor nShr os
expected to start things on an upward
wse c50p b., are nGnEh sea
made new htEh records today wer. Nor.
f s sa,es s,es issues TfS S W6,c
Motors Chevrolet and Cosden OH There
~aS ko0a and In a m rsH
Intrinsic value and big earnings Rect Su.
e oee result O. to the DIE mG
inss that are sure to continue as long AZ
snx hs @ be oar or D ve
States Steers record is due to big earnings.
Books ,hs ns T of W ore on
These are now carried al u nominal figure
pany's auditors. par for ali The stock out
standing. When on top OF such an est!-
considered il is no wonder tho stock moved
UP. Two important new Motor comhina-
bS S Sew P TopR Stock KNcSans" rn one
has already been completed. and the under
comS t n Of wind Shields ana sn,ailcr
accessories for motor cars. This IS sch"l-
n nsa for Of ,r. ns amor which
Lee Tire % rTomncn' II is pH n, Una,
denite was decided at tho SonfSrsnse
held to-day. Two other rubber COMPANIES
through this tire combination. will he of;
fered to the public at price that NIL
same thing was done in Chevrolet and
Chambers. and by the sam" firm that has
thH that The aut"moh,lc list viii lee
further rejuvcnatca,
Sales OF trucks TO foreign r"n 1n, par,
France and its proposed sale TO Russia are
helping all the motors.
Good news came from railroad circles re-
rardinE tho wage dispute with the enri-
rcers The engineers have made Il clear
that they arc perfectly satisfied with pres
ent wages, but consider the hours intol-
cradle. They believe that even nj the cost
of good many millions Of dollars y will
pay the railroads to readjust the hours
The Midvaie Steel Company. according to
, report current in Wall street to-day. has
suspended all work tho extension OF Its
Eddystone plant at Philadelphia. II III
ready has ! ., GOO men at work there making
rides under the Remington patent. and
was planning to double this capacity.
In SPITE OF the unsettled condition OF
Mexico, from which in normal times the
Southern Pacific Railroad should derive
large revenue. the road shows highly salts
factory earnings For the nine months
ended March. 1916. gross income Of the
road was sll3,S94ei against SsI.iio, 'ia
for the corresponding period Of the previous
fiscal year. THIS is SIS per cent earned for
agains, SIS per cen, during 1913 or an
estimated rate for the fiscal year ending
June so, 1919 Of Has per cent, against
an actual o: $50 per cent for the previous
year.
NEW YORK. June i.-Mercant:lc paper.
3:. Sterling. siAty-day bills. St,cA demand.
s475a. cables. ti76i. Bar silver. 6sS.. M"xi-
cua dollars, spa. Government bonds. steady.
Railroads bonds. firm. Time loans. Hrner:
.tsty and ninety days. o.. q 3: ak months, 3
di3i.. Cali money. Erincr; ruling rate, Pa.