Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-04-08
STOCKS BREAK BADLY
AFTER STEADY OPENING
Increased by Crop Report, Which
Shows Worst Condition OF VIM
ter Wheat ON Record.
OTHER FACTORS IN MARKET
reports OF German Raider or Coast
Also Reason for NervousncSS-In
Midst or Decline, Best Kind OF
Buying Is in Progress.
ICY HROADAS WALL.

-" YORK. April Stocks broke badly
'' "h'l street to-day following steady
"p'nihi. Tn" break Increased by the
government cr"u report. which disclosed tho
worst condition of winter wheat ~ rec
"'H' After tn" clorc IN. banIt.' statement.
.h'""t important changes in the principal
items
Ia The actual report reserves were In
creased +v.'7lsIp; loans. *i9:>9.rv. aud ne,
h"'nani deposits. 80 1870 IN the average
s'"t"m:n' reserves increased 31sj coo:
on; .iE.s9j.~p. ard net demand deposits.
80 many ahnorm.! financial transactions
',I" in pr0gr.sS nov that tn. bank state.
.TI',' real! means np,hng !, disciosrs
ara hro!"rS ar" uniting in AN oiier I"
n"hile without commission amy bonds IT,.
h'rn - an abundance of money pressing
,"r investments III these r"cu;iti.s. III"
tore be purely ono Of bookkeeping
SOCKS ""rc failing rapidly Wien the
'hgit.d short selling. and the wc"kncss
r.gars ,ni4 Irs pT%""1nr@h rroi"'%,,ai
'nuni,lon group Al tn" sam. tirnc, May
yh.a'; which had i.,r selling at .2,t7. he
az ne n.w high rec"rd pric. Of ss.i.',. July
cM' up L',c ami closed ,hcr" May .or"
ioss Went to 100 live weish;
CAUSE NEEIOI sNEsS
tcpnrt, % German raider nearing the
,Nm",i.an coast w. another reason FOR
I't'olai'' az. Sonc unca,inc~s war also
steamer IN Guam ~ u. own crew. rhc-c
ms md INC pubic realize that I"
~ - Ica!iS lu progress
I.s,hiehe,n steel ma Ohio cnies Gas be-
ri'" rallied towards ia close. hut i'"th!e
n.'I was, near ~ inwest e, 10" end ~
held nrn Win q few exceptions. one Of
hesr was Dc!su and iIIdson. which
secet,iy sccausa Of i,s poor .arning.
~ me 'n!tsi OF ia" h-e,in" II was APP
i,foere-s The prices .nnoumSsd 10 be
p"id 10 Tho Evyetnment tor steel aliow very
phoiic what Immense profits the steel and
.mr,nni,ion ,o,pGan!es tar, '"sn making,
t'".i IS not consIdcrcd D"arish Is thu; III"
soN.rninsnt IN r"IniTf snch small per
,mH'r,ani han.s.rS aaid to-naN th"i While
hoy 'noasht IT, i,oa h.a ecn n.y. to HaIa
T. was also hottest ,hat certain sp.ci.l-
Ties which hay" been sCtIvc recently were
s@u9Mc by ne POL nanHf"tt fr'ely on 10"
Mercantile Marine >,ocI,, ser. heavy in
alder. whcn m" rov-rnn-n, announced
=. "rprSSaehins Am-rica -nd h%ronn ~, ~.
Siil within q .a.> months Furnish very aE-
sressive competition in trars.tlan,ic trade
NEW YORK Arm Thu '"rur,,t"s mar
'h"uEh Wall Street ani thu financial com
snUuity. a. wh"i" had CON" TIM ago
-HC.pt"d tn" COlbtfy's projection i'it" IN"
war all tu' an accomplished fact.
Prices Of important st"ck- notably tctt"'i
a'ste- S,e-i, dt.id"nd rayttr :,,il- Ia!
,ppp-rs. bros- To- e points Win ,"u~iI-
srabiy more For munitions. "Iulrin"utS. "il-
aud OF Ia" active utilities.
offerings exceeded IHpt"' -ha'". iu IA"
nrst hour. bun taprr-d of later. "Ith ir-
regular rcCov.ri.s % ! 20 POINTS EJiI'
wee not responsive go t,u especial G"rt"-.
IN" more extensive i"~,'.nn' OF the '.ri' :
session !n"luiea .iin"rt U"in-' Tor Ju!t-i
states Steel, with points Tor bethlehem
st".i. old STOCK. - ~. and :. Tor The n.v
Dog Is. Gull St.t.- -'..I hiuh. .ii-n-t ;
points. with -. 10 NOR" than f"f L"Ch
a~"nnp and Cruclbie St--Is ana Republic
Iron.
Atlantic. CUR ard we-' iudies. ariu"
pptu:s. with 10 for petroleum. as aver
40 Of Tor ac'iN- in".ais ana nUtur- and
20 for Amcrir'u ,an. Central I."a,h"-.
american Beet sugar Wilson Packing aud
udUst.iai !j"oh1I. Til" greatest reversal
recorded hy CHI" $50. falling IiG."s .
points 20 ~ Total sales amounted I"
III. hank s,a,emen: Va. no,"yor,h!
.nt"ry FOR the ,itrr,, -iV. totals reported
ir mo actual 'oni, ami reserve accounts.
Bonds were irr-s un foreign war issues
r"-ciI"u AFTER early strength Total sales
par value. ig.jsp.0y.
United States and ransn. bonds were
8. % a roin, lover "a "sil during tn" week
Nsw YORK, Ap,u M.rcan,ne pap-r.
~. si.rlns. -iAu.d.y b!lts. .,.;li,. com
rormcrcial -ix,v-day niis So ~: de-
maud. si.T57. Cables. H.1o's Bar silver.
~, M~Sicnu dollars yuN,. Government
vuuJs. easy. Eahroad bonds w"as.