Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-02
SETTLEMENT or STRIKE
/ BIG SURPRISE TO BEARS
News From Anthracite Region Lead
ing Factor in Checking Declines
in Wall Street.
MOTOR STOCKS ARE ACTIVE
Mercantile Marine Issues Feature OF
Trading. Furnishing Onc-Quartcr
y OF Entire Days Volume and Max
ing New High Records.
ny BRo,pAN WALL.

made late this afternoon ;hnt III" labor
troubles in the anthracite region had been
> settled by granting "a ;he mon an e'rh'-
hour day with RiVanc" OF wages Ihis'
OF course. had hccn known holrs before
by the insiders but publicity ot n" Rows
?. took the bears by surprise. althourh they
were In tho midst % lively raid ~ the
time and had d'slcdrcd considerable stock,
This annouuCcmcu; and III" Subsequent
. sharp rally OF Reading checked the dec INC
md started q recovering movement, DUNG
: which tho market closed -,
rine issue featured tho 'r.d!,,E. ,rhey rir-
nished omns,GuGr,s; Of n" "n,'r ,,,S n"y Is 3
both Of these issues. Details 81 ihc nTr"~-
a ment that has been reached may NO rub
vices for a return Of The propor,y to the
stockholders and abandonment OF the re-
pec,a,on thu, ,ho protcrrcG Stockholders
VIII get 2 Suh.i.nial nsEmsn,h, M ,Ssh "n
snHr Hr tmS'i as he as % "r c
Motor stock, and United States Rusror
wsT' nHtiy,. and >rmr T nM RSa
the inside market; anu Che.roie, or r..
curb. Industrial Alcohol pist!llcrs and III"
sToCKs SOLD il NrrERSOOS FOR
TaE ACCOUNT OF fKoFEs>IoNNi:
the day. and In tho aftornooo shnr. setting
was extensive. Nearl, nj OF Inc stocks solo
professionals. who Mill hsr" ~ buy tho
sharcs back sooner or later. AMI 9ecording
st will he sooner These professionals sad
on the theory that too much GOOD news was
sUrpSisa on IN The German situation They
called attention TO he rencwnd activity at
on JG hs fs.nP ha All hs
grow cut OF that battle now will be moro
orders for mp uni VA in,orfSt - cen
dsvelopips; and which they exnect viii be
hF,rt@ y1n Tow oil tt,ln
Figures given out at tho Nav York Gus
ton,house explain the irreGniarity OF Inu-
+ crease in the cspcr, Of cartridges. fuses
and loaded proicc,iles. as com .:srcd with
increase in the export OF smokecss powder.
This means that the allies arc finding 'hcm-
selves able to manufacture III" basic mu-
try chiefly for explosives
Announcement OF earnings Of the Ameri-
Of the calendar year brought this COR
operation TO the attention OF traders once
Exclusive OF profits from munl,ion orders.
earnings arc equal Ia something more IMAM
Ing per estimatod proa,s on the shell business
these earnings should show net profit OF
about so per cent on The common stock for
Demand for copper metal continues to
. grow. especially from Europe. This is In
feet that England and France are now In
n position to do their own finishing on
crease. tho probability Of materially high
Tor prices for such metals as copper nickel
and steel.
cause Europe is no, buying them and the
"a merican investor never has been educated
Ito do 20.
- NEW YORK. May i-Rerardl"sss Of ad-
verse Weekend Developments such as IN
creasing labor disturbances ana the br!tlsn
.dofeat in the East. to-day.s market continued
IRIS inward march. Mercantile" Marines
again being the dominant feature ~ ne"
high records
common amounted Ia .ooo shHres. or about
one quarter 81 the whole Marine pr"i"rr"H
made an extreme gain OF ~ points at 's
shares we're strong. Pacific Nail gaininc g..
and United Fruit points
Recognized war shares rcKa'nsn some 81
the recent prominence. Crucibi- steel. Bald
win and American Locomotive, American
Car. Rubber and Metals. and minor equip
En.u,. and indus;r:als rising I" points
~-Aiesican Petroleum rose 2'. an3 A'ncr'can
Something's maximum gain was o'1.
- Rails were uu!et until The FINAL hour. when
Reading led general rise in that Grour on
Hdvtcos from leading railway cen,ers
. showed marked gains IN tonnage move
ments over last year
Lack Of news regarding the German s!tua :
ton was considered favorable. and the col
lapse OF the Irish rebellion was reflected In
the better tone OF International markets.
Bonds were steady Total "a los par value,
s2,aso.cNo Panama coupon IS We're ~ lower
OF cali!
NEW YORK. May l.-Mcrcanulc rarer.
2@@,,. Sterling: six'y-day bills Et':M - u;
silver ~, GcSica !doliars, 10. Government
bonds. hca.Iy 1a!road bonds stcady me
loans. nrni; stH;y ~, and ninety days snS*
ruling rate 2i.