The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-03-03
vERDUN'S INDIGESTION.
MAKES MARKET HALT
International Mercantile Marine AGAIN
Being Bought by streets spcc"-
IatiNe Element.
ANOTHER CREW. CoNTRACr
American Locomotive Company Lands
Ses. 900. 900 Contract. With Profits
Involved of Some Seven or Eight
Millions.
n, BRoADAN WALL.

New YORK March 2.-indecision at
Nerduu was reflected in the stock mar
Ret TO-DAY. Advances OF Copper Com
rany dividends failed to move the list
and barely held the coppers steady
Fool operations were evident in sew
erat CHARTERS. notably in American
Locomotive and Industrial Alcohol
The session as whole was without
decisive results on either side Of the
market.
In the afternoon rally WAS at
tempted. based on a report from
Washington that John Bassett Moore
had advised leaders in Congress that
II would not be Inconsistent with the
rules OF international law to warn
Americans 20 keep of armed liners
Whatever good effect this might have
had however. was nullffied by Ssna-
to- Cores expressed belief that Presi-
dent Wilson looks upon war with Ger
uruy as a thing not TO be Stunned.
coraicttng sentiments kept most
traders ont Of the market and made
Investors extremely cautious. The
most that could he said In favor ~
shA market was that very little stock
seemed pressing for sale. There Is
No alarm eyident--1nerely hesitation,
Buying Marine.
international Mercantile Marine -
being purchased again by persons who
believe that It's ships carving muni-
lions from tho United States viii he
guarded with extraordinary care from
Submarine attack.
New munitions contracts are spoken
of American Locomotive is expected
to get another one equal 70 the oriSi-
nal contract that IL nearing compile
tfon Mr. Schoounslter made the
statement Al the time this contract
VAS secured that it was for $50 000,-
600 and that the profits would he
from tT.o00,00o 20 s8,o00,ood, and
that It would cost s15noooo to pre-
pare FOR g.
Westinghouse and American Can
are expected to get new munitions
coutra cts also. American Can. by the
way. is going ia bring out a phono-
graph and cash In that ancient canned
in mnsic Joke
u 10 planned 10 announce before
long . large new loan. based upon
American railroad securities az col
lateral Il is Also expected that In
April the Westinghouse Manufacture
ing Comrauy VIII give special stock
dividend as result Of war profits
u rs also or the cnrds to put Read
INK stock very high. probably because
- sagreEa ton Of assets, but the
segregation is not Officially promised
OvcreSpansion of loans.
Imitation Is an ugly word. and bank
crs don't Ike to see II In print They
prefer 80 say overexpansIon OF loans
lust now there Is an overev pansiou
or loans one need only glance ct the
bank returns 10 see that this condition
exists
F}&tn1eh~Hi Etee1 wss selling vesr
ago al $40 share and the banks
womb lend t2n IN each share Vow
il is in the peiEhhorhood Of $500
- s!+s se- sH&-tN4e hank L. glad Ia lend
5000 share Thus II ts conservative
20 say the increase Of stock market
l.riCes has caused an innstion Of
81 0no. 00o,o IN addition to Tint
there 80 the Increased use Of personal
rrodIt made possible by bank accept
snces and the more liquid CURRENCY
given to bank checks bills Of ladne
aud other evidences Of indebtedness