Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-24
LEAD AGAIN IS TAKEN
BY RAILROAD STOCKS
Reading, Union Pacific and Others
Are Purchased Freely by
Traders.
CROP CONDITIONS IMPROVE
Little Talk OF Peace in Europe
Heard, General Opinion in Street
Being That War VIII Continue
Several Years.
ny uuoADAN WALL.

> NEW YORK. May .3.-Ratlroad
.sreet to-day. with Reading and Union
= Pacific making new high records. Bal.
timore and Ohio and New York Central
. were Dough. freely by traders. who
! were afraid of Reading.
The disturbance raised over manipu-
lation of kennecou Copper stock has
checked market ACTIVITY somewhat,
but as nothing Will be done III the
matte ,hc pool ay,iy,ty viii be re.
manipulated in common with all other
STOCKS u; IS not manipulaiion that
the stock Exchange objects TO. but dis
homes; manipulation. and there is no
1"idence OF that.
.,d lHk,ds 1 h woro ; ANXIOUS 10 sen
to accumulate them. and ii Is only
proper that the public be warned. II
Is only proper. also to state that there
is not cheap, when present earnings
are cons:dered. II the war lasts four
Se, nyS HeHrS 'omssr' az many nnnke rs
absurdly low before many months. anu
p the insiders who are manipulating and
trying 10 sci! out viii regret their
present activities.
MARINE PHEFERRED
CERTIFICATES WEAK
weak. II Went down on IA report that
holland viii levy special military
taN OF 50 per cent on all companies
AFFECT the Holland American Line, in
which the International Mercantile
Ma MaFi ne, holds a, ccn,rolling interest,
or Mercantile Marine materially. De-
cline OF the stock was on light sell
promptly brought about a recovery.
Crop conditions are getting better.
and this is reflected in lower prices OF
al! farm psoducts
One OF the most mysterious facts
about Reading is that practically none
OF that block Of stock the purchase of
ar tOa la,.-,
ITO has been sold. 1t is held by two
or three large houses. who still are
huying. The fact that Reading is sell
ing far above what would be "a rca-
Sonabie price, III view of its present
dividend payments, naturally raises cX-
peStations Of melons. Richness of
from the fact that Jersey Central of
which Reading owns control. and which
naturally would be the first melon dis
trihuted has not for the last six years
been paying out in dividends more
than half IL has earned.
After Jersey Central .s distributed. IT will
STATES ,, Iabtsme Sour, 5" orders, th- stock
pany. of which IL owns practically ali. Then
would follow distribution ri the Reading
Goa! and Iron Company and other sulsi-
Pig Pig iron nov is "einE produced by the
produced in 1915 OF ,hs. nearly 20 per ,ss
finished or manufactured articles The
countrEs copper production IS estimated at
:.l0o, 900 pounds. which is one quarter
ase Of this also is being exported rIoduc-
ton OF other metals In the United States is
proceeding at maximum volume. and devcl-
opment of new mines IL not active. because
the business III thoroughly controlled that
new companies fnd 1t difficult tn get nnan-
cisl backing oven with presen, big esrn-
tOMrANIEs WILL: MoID
VOLUME or BUSINESS
The result Will he that the big companies
WI hold the srea, volume Of business and
such CASH sufp,usas as viii JUSTIFY si matersi
Improvement in the market OF the stocks
Motors continued their ci!mh to-day un-
der the leadership .: General Motors. which
usual new high record. this time a, 40
saxon is being purchased by the same group
IN smaller way what cheTrolct mas dons.
Maxwell Stunehakcr and WHY'S O> cr!and
Higher rates charged hy Dloyd's .o- in.
slranEe asainst end o: the var by pece!n-
persistent and increasing rumors OF enos-
:nous contracts for w.r Snrr:c:. placed ans.
pesn EoNernrsents Peace talk which was
current week ago, ana 20 which many
big traders paid considerable attention !s
Traders can nnc many reasons Why the
They pu!t: 20 t.ese orders FOR munitions 10
n. sal. ~ the brtt!sh Ecverrmenr :or en-
Of sse 70 ;se FOOD tic,a,ofsh:P in Ger
many 70 ,ae Russian troops in France, and
Japan a.c nus-i. 49,, ..apar :; ~ 80
cure see hand ~ Cf-ta. oarEeI ry Rus
siar iaHCear. = return .1- u:ui.!;iru sup
piles = = :s.t -ae- Russia vnE.! MAKE
90 sGc- @Er-s--.a; -:.ess sns .e.; the ncC..-
:o- long d: -a.:::6-e traders !"GE for
--S.ve! o: .-,e:s.; ~ irdu,,rlaIs a. -onn
IS II. :-oN .:=e.t . -Ails hs- r-n - course
new YORK. Say -s-M--can,.!e paper.
- S:....nr siIiy-c<y BILL. si-!'< de-
ri. - -, ss..... d e.
bands s,escy ra.Eoac rant. u-iu T.n.-
- SIX months =. Cal! money. arin-,
ruling ra'". =.
mum ,Nr