The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-04-25
NALL STREET SEES
no RUPTURE COMING
professionals buy freely, But Pub
nc stays Entirely Out OF
Market.
STEEL DIRECTORS MEET TO-DAY
Some Extra Dividend Anticipated.
Quarters Earnings Much I'm E1ccss
~ sso. 600. ooo--Sugar strikes High
Nark-Indicates Long war;
Nv RROSDAN WALL.

made up It's mind early this morning
thsf Germany had too much at stake
10 risk a diplomatic break With this
country. Therefore, professionals
hcss gl1t freely at the opening. When
the urgent dsma rds acre satisfied the
market fell dead because no public
made its appearance The few bar
gain handlers who were on the scene
SATURDAY retired when they saw quo
tations advancing
Shorts we're sble to cover 10 advRn
taEe today because there waA fire.
oueDt selling in the rrst hour OF stocks
for customers who failed 10 put UP
additional margins. Many OF these
customers we're persons who, q few
months ago. had handsome profits in
their accounts They had neglected to
SEP Until row, and many are getting
gu; with less money than they had
b~Uash, - the street
Tittie Borrowing.
Some significance was attached TO
the fac that Vith all the selling Of
stocks in the past week there has been
little borrowing This does Dot neces
~sr4iy mean that the short interest
has no+ beer largely. for nearly every
broker Is q HE - supply from his own
boxes snd from the accounts Of those
customers who are long enough 10
make deliveries for those who are
short The short account, however.
resIly "a not large. for an unusually
large proportion ~ recent selling has
been quiet LIQUIDATION.
After couple OF hours Of extreme
duiiress. With slightly receding quo
tations the market took All upward
squirt towards the close on an uncon-
Armed rumoT that announcement
would be made tomorrow Of Ger.
1ss-= n 4 a
demand.
Sscel's Great Earnings.
PreSiden; Wilson's announcement
that he would 60 To Princeton 10 vote
in the primary WAS another evidence
~ ouietness United States steel III
recsorS will meet tomorrow at noon
to declare the dividends and publish
he earnings Earnings are publish ed
OF something between $50. 10000 and
Fsa.ooo 600 In addition to the reEu-
lar dividends some bankers are er-
pecting an extra dividend Of at least
a quarter per cent In view OF the
condition Of the market TODAY, It vas
suggested that this dividend would not
he declared Directors Of the com
pany hava not forgotten the market
.ffect Of their action. If declared, II
sill be interpreted as strong bull
ard
RECORD aEOfes were quoted III Sbsdr
oaav MAY 5.2s cents; July 5.42
tents September, & 50 cents. and De
eerher ; cents. An early end of the
war would cause new phase in sugar
prices So these figures Do not hold
aut any hope Of peace. A factor in
tho sugar market is that 4 large acre
ate of Frances best sugar territory Il
i'm the hands ~ Germany. thus com
pellinr France to buy Of Cuba.
While it requires no explanation be
yond earnings to account for th'
strength Of Mercantile Marine issues
in the face of general declines in tn
market II was reported today that tn
American International Corporation
MSS attempting 10 purchase control
Such thing would be considered ;
eood stroke Of business by Wall Street
not only because of the great ships q
be ACQUIRED but because of the alb
sardly low price AT which contro
-ould he secured now.
Underneath the market was feel
ing that the German problem was no
ne important one after all. but tina
possibility OF a strike on the railroad
vas what really affected prices las
SATURDAY In the midst of discussion
along that line Southern Pacific mad
report OF splendid earnings 70
March. The railroad figures are sue
that II would he satisfactory for tn
company 10 do something for the me"
and this strengthened the determine
tom OF the men to have their demand
complied with at the end Of this week