Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-03-01
PRICES SHAKEN DOWN
BY BIG GUNS At vERDUN
Earnings and Assets No Longer
Enter Into Fixing OF
Stock Values.
FIGURES DEPEND on WAR
Buyers Not in Sympathy With One
Side or Other, but They See Ger
tain Results They Believe Will
Follow in Event OF Victory.
ny BROADtN WALL.

NEW YORK February -. Ri GUNS
laundering al verdun to-day shook rric-,
down in WsI stree, aEatn The submarine
thar sunk the steamer La Provence also
sent ripple through the market Nal,
street is paying no attention whatever %
values rs measured by earnings o. assets.
: on the fortunes o: war
= Reading alone of the entire list showed
real vitality. Houses that arc usually iu
close touch with The Headins mnnasgn'.",nn,,
f, in the ruIror ~ segregation i'm the neU-
r future. y IS not expected however. ;h".
there vii; bn segregation until at;ef 'ha
supreme Court passes on the Reading cSs".
which I; may dc within ;ew weeks
Munition stocks were no stronger han
with the Wall street theory OF the way ha;
ties going TO aztec; The market. Prices
not 50 much because BUYERS and sellers arc
in sympathy with ono side o. tn" Other nUt
because they have figured ont certain results
that mus: follow in the event .; victory ~
either side
Professional .radcrs fancy thev s.c good
selling o; tho automobile stocks OF e'Hrr
made remarkable advance In the rnSt
year. Scores OF operators have made tahu-
construction OF automobiles have hecn
sharply advanced III price, and this will in
o,Ser ana the ssrp cempsti,;cn
companies hse resulted i'll some material
cuts IN selling prices.
Buying Of horses and mules hy the war
purchase OF thousands Of automobiles u,
farmers who were ablH 10 dispose OF ths.-
animals at fancy prices. and y no found tho
automobile more economical than tn" old
way. Now The allies announce no further
in America aud top NJ that gasoline
Is soaring skyvsrd. This again cuts at both
ends OF ,hs purchasing desire OF the pub
With profits and sales both unie- -.
etrict!nE Influences j; does seem a. II Tho
its Ia = ca S11 In IN
bank These arguments are also applicable
TO rubber stocks h"caus" III" two indus
other.
Conner and sssGline seemed 70 ne moving
= Ions while. White there have been no
material r~1,css'ons in the price OF copper.
feeling exists ;h.t III" TOP has heon reach
fsmiar u, TS'h the Emsne s''HT'SH ~"H" ~o
ducers are in fu!i swing ana TIA" nigh p'ice
",hrr ,La" for ar , ~ oiiS Pr.
will find little trouble in SUPPLYING: enough,
copper for Europe
advance, and another marking up Of prices
Is expected Within few days Tho oil trade
In, General has tiNcL 80 cents - The nigh
Price FOR gasoline by midsummer
hrs, hou- the marRc, to- ,iay bad fair TO
make substantial rccnvcri"s rom its recent
hcrressicr. gains ranging from 10 more
,har points in STANDARD shares With FAR
Sr"atcr advances III speculative issues: but
after midday prices evinccd a marked ten
2, deucy 10 react. The sinking al French
transport and official .ntmat.ous that too
much had been taken 20: granite. W over
night adviccs regarding relations r"iw"cn
Washington and Germany we're influential
factors
4. The final hour witnessed moderate re-
vival az the downward trend. Representa-
live stocks. including rails ana United
States steel shaded materially from eurl.'
raNinlums, retaining lit!e % their
advan,ase al the Close.
Reading issues were again the standing
feature. tho common stock being the Inoat
active issue of the day and adding = points
10 yesterdays advance. The 'rsi aud soc.
ond preferred shares also made smart gains.
hut fell away :" he end Anglo Frcnrh
bonds retrieved much %; Yesterdays ro,'-r-
sal, only 10 r-liuauIsh virtually al their
gain at the end. rh" exchange mnrInts
were Ncr! JUL with irg material change.
Bonds We're irrceUltr liEht trading.
Total sales pa" value, were $. S:.Ntl
United states coupon IS advanced Z, per
con, on call
NEW YORK Fehruary 9a-rrm. nercur-
ZIG. paper }a3'. sterling. s.N,, -day b.lls.
SAL; demand S'i6= ,ahlr-. ~. bar >.l-
yer. 6sh: Mexican dollars 1884,. Government
bonds. nrin; railroad bonds Irregular Tiris
loans arm, sixty days .;:Ho1. n'uc.v Ga.y.
:'.Ta; sA months, 3YS'. Caff money.
steady; ruling rate, i.