Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-07
Professionals BUY
STOCKS MORE FREELY
Act ON Theory That Danger OF Break
With Germany Has Iseen
Averted.
COPPER SHOWING STRENGTH
Motor Issues Are Active In Response
10 Report From Detroit uf u $780,
ooo,O00 Merger. Although Rumor
Is Promptly Denied.
by BKOADAN MALL


NEw YORK. May G-profcssional trader.
,TonSht stocks with enthusiasm to-day ON
nir'e answer 10 President Wilson. and that
.m danger "f "a break Is avcrted. They
they revs n@Its @%, !" m1 Sn, be- be-
'"usc they believed the public would ac-
hIotcssion"l idea WAS 10 get the market an
nish a. possibi" before President wilson
@ III" high ,sHa f" Of pries WI vii. 'h be sas.
iui Monday morning should this vie" not
prove '" -" the correct one.
There w"r" realty serious bankers in the
street to-day who dcplorcd the market en-
,r,., feeling that III" Ger'n.n Incl,
ihc best settling Of tn. day from
,hs hes, houses in tho Street These were
IN. market had acted in an orderly way,
nut sdvanres Of from /" L" point .n.h
too tempting 4" be ignored.
M. xi.% OF ,ne EHn"r.l en hnrh T DYER
troubles. aud no attention was paid I"
earnings. Attention was called To the
strength Of copper. Some considerable auan-
titles were reported as having been sold for
Srpiember deliver, at :. rsnts. There Was
m. market closed aud the professional
raiders had not cashc'i in their blk prohts
nut lis short commitments and stood on
,hs long s,ds,th The snsep n Of ih"ns
Wilson could be- heard from.
SHELTERS ARE PROMINENT
Mexican Petroleum and Smeiters We're
prominent In tho days business. both rising
sharply. In connection With Shelters the
r'por, was current Of earnings amounting
10 - cent on tn" common stock M.ki,
Petroleum bought on account "i
The new ships that IT Is about /" iaun,h,
'hus increasing It's earning ,"rashy ne
adjustment Of affairs between IN" United
states and Mexico also vas i"oHsh "ron az
nut there WAS no cvidcnc" that this adjust
ment Was any more probahi" than previous
vo,or ,,oclq uorc active in response
= story from Detroit Of s:c"."yb.""" merger.
Including tho leading companies ms r..
amt. a dominan, factor in both General
Motors and Chevrolet. Tn" report. however
travelled faster than IN" denial. ana re
suited IN sharp upward movements MUM.
ton stocks ia general Yer" active ana
usually RICH, AMI rum"r Is busy again %, o.,
Mtdraie. The baldwin h.S An "rE"niza'' non
of unusual efficiency FOR the manufacture" OF
greater proh,s out Of us 'nuni'i"n contr.rts
than any others except strictly munt'!on
'ompsnics Agoutsi,tor 10y IN" MidS. ,,,
would D." . good picc" "f business from both
"ar ami pca"" point "f view
or \ GERMAN VICTORY
Toward tho close OF ~ session, serious
attention was paid 10 reports ~ German
victory - V.rdun !, has been the feeling
IN ihis battle woud he . serious thing FOR
stock arnct Coming now when rcls-
lions with IN" United states ar" 20 delicate,
!; would hc matter OF unusual impor'anc"
a stock market point 81 view. This
was one Of the reasons why several OF IN"
leading houses 81 IN" street urged their
customers to stay gu, 81 the market uniil
next week. RI" huyins that was not
couns uf the outsid" publ" Continued
German success along IN" lines ~ Sstur-
day progress for this reason viii result, In
heavy rront-takinr sales on Monday morn
ing
Railroads f.iied to participate in ,o-day'4
Ont In liz rl Al as a
unfa vora bi" factor. because IL IN" cnthusi-
asm had been SINGER" aud had been par
ti,ipa; cd In by really important people. ~
would have been reflected in the rails ~
-. only the stocks moved that arc in
'he hands ~ pools. and this seemed I" prove
th' professional character "t the days bust
SEW YORK. May '-Fur'h"r suhf'antisI
gains il The stock msrko, 'o-h2y, plainly
ton would accept G"rmany's istss, pIeds".
md 'ha, tho long pending crisis had been
I.rrsiv sr.urH Inc Mcsicans motors. ship-
plrc issues and munitions
ON a"yiess ,gsEH,,,ns c v.T;, 'sn.,%n
levn gained g.; "in ,., at ici=, snc TSxas
american sm,it,r and more tnan for cali
fornia Petroleum.
In au,omobio , i,;uc- the 3.,o-e.g oin, sain'
ana allied shares resulted partly from
rumors OF for,hcomins .crsolids''cn .;
wers later Officially denied
Shipping share. wcr" conspicuous. NcNi
IAN preferred making further recovery. with
gain OF . points for the common McNi
can Fruit mad" some gain hut mbcd
~ profit taking. closing ~ small ret lass
Truc,hlc and Lackawauna Stcels mad. Ia
roiut advances with considerable aCtiv!'.
and strength in American and Baldwin
Locomotives. New York Airbrakc. stud.
baker and Westinghou-c
Reading featured brated rise il rails
together with United states Steel moving
forward in III" later dealings. tho :0arac'
closing with an IMPRESSIVE manifestation OF
Ronds were firm. Total saiees. par value.
81 80. 90
Panama couron Is declined y. on call dur,
inE The week.
NEW YORK May S-Merc.n'ii. paper,
7I5i. Sterling siNiy-day bills s4.;a&s: de-
mand. stI5a.: cahcS. ft.G%s Bar silver.
Lam LII