Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-25
SHIPPERS TO PROTEST
AGAINST HIGHER RATES
This Announcement in Wall Street
Causes Break ut Opening
OF Days Dealings.
UNION PACIFIC HARDEST Hit
Strength OF Industrials Such That
Market rs Whole Continues Its Adj
vance, and Rails Recover Along
With Rest OF List.
by l,KOADAN NALL.

NEW YORK. March - -Ac,ual surplus O.
ker""s showed loss CT s2l.O73.cio In tho
bank statement to-day. %ct demand deposits
t w"f" ,ncrsas"d s'.'se."9 and loans in
IN The averaI" statement. reserves showed
DEPOSITS Increased s2iS55.O55 anu loans in
tS p ,,,c $1,000 This uiaten.nt was abou,
t nyms. mat large loss In cash having been
iemarkahic increase Of business act,@ity in
the oil Held. au,o,n"hiie cai IN r.'e and in
iaces having TO do with shipbuildins ana
Announcement that shippers would mako
rates sman na5S b. TN the 'i Tira"is OF ,us "f'
ra rsaN 81 Ia" opsn.nf o. ,Me mark, In .nii.
with a decline Of more ,ham p"io,s
Shtr"nE,h Of III" indns,riais was such ,ha,
,hn anI IN" rails recovered along with
Among stocks 10 distinguish themselves
were ,Mercnn,iic Marine ISSUES, ana Ar,"r-
,ern,i n";' nSSh OF which ~ u, o. n"w hiGh
.arhi" MarinH IS appa.sn,iy for on" Inter
considerable suspicion bcoausc of tn. per.
,ist.nt rumors that tho British government
10 TAX" over III" remainder Of its B~iiish
nes,. II il generally expected tnat If the
American feet viii 10. taken by This
rosp@ct OF he r"sila, to-, ~ "ceaa ~ ~.
20 'ha, FRONTS VIII b. restricted. Ru,nor
,ays ,hn; the present advance Of tho s,"ciss
Interests that they may 10" able To lipu!da,"
tS"f@t" official announcement OF thcs. facts
ia'-men;s made on Friday morning. show
iils ~" discovcry OF unsupported vnlu"H Th"
United Statc- within Nv" years .:xicr; AZ. a.,
nrai>ai OF ~" properties OF the company
stogn on forcec lhpuidntion, counting tho
;S Is olr,l,,,t worth mothing The .o'nrany
common stock. SO that II business continues
sd I'm
Guiding IN" accumulation 81 3: p"r cent
:or M raininor j" july ,he diyidr,d ON On
iho preferred ~ to l." increased To- the iull
ACCUMULATED dividend viii he II great bone.
~ co 20 me common .,
session. although no material advances ,y.r"
demand Thasc traders vino are telling 'hs
motor arc Iiabi" 70 be SURPRISED because
;"r anipn h.i",. and. with the Unite: States
a. % me i'oi2r 1us,ry WI so9!, nsan
viii make possible ,ha use II amtarmCbiie
roads at all great. terminals
. NmW YORK M"'ee ?s.Hs,l- wse III:
very ,active STOCK market, ,ha, division.
ior n" most part, adding to It's b"ldtcd
On IA" prospects Of higher freight ard
an' N"l,S SG"E ss e!ag9a gaS|s7 E7s
nsii,,sore and Onto ana krief 'st fyanc MY
s. raul Nor,e o'n' r az S"S Souh nr% asi,9S
western: Illinois Central Colorado South
~rn er,d the preferred shares Of the M4-
souri, Pacific Wabash and Southern roads
attained similar proportions.
United States Steel was variable but
Bethlehem Stccis, shippiuEr and motors
W"r. moderately reactiunary with ca!adl,l
Pacific and Union racinc. Copp"r- we-.
IN steady demand at StlI- OF TO almost
points; tiah falling back under pressure
tGt made FUN recovery later. Baldwin !.a-
'otunt!Ne %ns strongest %! The cg.trgr euts
riSins points to -,
Among tho. sr"cInli!c> Mating common
and Guit states Ste. showed gains oi
to points. Wilson Packing rose points
making record at si7,. and Virginia iron
ana coal ros" = to IL Realizing cHu--I I,
general -SladinE OF prices later. but til.
market closed with strong tone.
Actual reserves In OHB vaults and Fed
'rai TCscrv. banks OF local hauk!u.: irSii-
iutons decreased about s.v,tyn.pbi during
ia" week. excess reserves decreasing by
lttl" more than i.i,sp."'o. jus; about off,
setting thu previous weeks gain.
Gales. par value, S. $3.50.
cal! during tn" week. and coupon b adj
Nanccd = per cent
NEW YORK. March ei,-M-rctnt!le paper.
~ "a. Sterling. siNty-day b!ls. 81 y. com
Inercial sixty day bills on hanks. Sal .,cin-
ncrctnl niHty-duy bllis St7p7i: G"mHnd.
St7i55; cables, SIC 10 Rar silver, ~,
Mexican dollars. $50. Government ponds.
steady. Railroads bonds. lrin