The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-02-09
MOCK MARKET 'tNOS
DAY WITH WEAK SPELL
NvmM Street Candles From viewpoint
OF War Declaration Before Mon
day Morning.
SHIPS HELD IN PORT,
One Steel Company with 500. GOO Tons
n. or Finished Product y nahlc 10
SECURE Vessel Room--l MON Pacific
@ Declares Extra Dividend.
By PROADAN MI.

New Work. Fob S-Stocks closed
r-eak in wall street today aftc" Sos
sion IN which The trading was almost
y entirely professional The volume o'
Business meant nothing because tue
same traders bought AVID sold stocks
a dozen times durirs the session
kum or zoo Wild TO Justify rcpcuuon
even as runlers were circulated on
che floor Of he exchange Announce
y ner.s 'ha; Union Pacific directors
hal declared an ezra dividend q
one-half - one Gor cert. aud that thu
STANDARD on ccu PAM. ~ Eew ief-
sey, had ordered al jts ships to re
main in port for two GAYS. constituted
The only news Of Importance.
Because President Wilson had gone
to the Capitol yesterday on some er-
rand as yet unexplained. me street
expected AL day long 20 yet an I'm
1ortsnt announcement from The White
House. WaGcrs were laid that war
would be declared before Monday
morning ana indeed every transaction
In the market was wager. Cor the
trend the, immediate future de
perds entirely upon the war and the
fforka3e
Professionals Bullst.
professional. Wall stree, H. Intense
Is bullish again Conditions are a.
most exactly what they were when
Steel was selling around lI3, after
declaration 81 the h!E dividend steel
is being supplied so plontifully from
an important house that there are ru-
raors OF the retirement Of a director
at the annual meeting
The short interest is technically
large. but a good part Of II is out
/ standing for the account Of persons
who never let the actual certificate
leave their strong Aax-!,he fact thu.
the market Is being sold by this class
of persons docs not necessarily mean
it Is going down. for the big Insiders
are often fooled as badly as the pub
lie.
The big If
The only pom, Of importance 80 the
stock market al the moment Is whcth
er the German blockade is going TO he
effective or not. ON that depends the
prosperity Of the tnited States for the
next year and the course OF the stock
market
on announcement OF the extra diyi-
dend Union Pacific advanced from
1s$ is TO 135 3-s, and held stead>
near the high figure As 10 pei
cent stock. Umen Pacific is not an in.
spring spectacle at 1856
Marine preferred broke to the low
est price II has touched since it wa'
being sky-rocketed around l25
Bethlehem Steel new stock sold at p
Ia down seven points. Steel had {
sinking spell and so did May whea
about midday. and everything VA,
comparatively strong in the after
room until few minutes before thc
close. Prices for steel products were
st new high records
Cant Get Vessel Room
The Standard OIL compauv of New
b Jersey issued an order holding all IL
ships in port for the next two DAYS
This. added tn the complaint of tht
officers Of one Of the steel companies
that his concern has 500. 600 tons oi
finished material at ports ready fol
shipment to the allies, but unable tl
ship because vessel space could mo-
he obtained. shows that the German
Blockade Is already rather effective.
From the stock market point O.
!. view II Is not SO important that ship,
are sunk as whether they are KEEP
from sailing, that being the real oh
\ 1eet OF the German order No doub
Germany. with All her rathlessness
would prefer that The ships remal
ia ports and never enter the barre.
zone