The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-17
PROFESSIONALS MARK
UP STOCK PRICES
R1eperins Street For New War Loan
III Rig Operators Take Hand In
Market.
CONGRESS MAY uNvEsrIG ate.
Lark Probc Having Gone 80 tar'
50 Entire stock Manipulating 'ame
MAY Re Locked Into to- satisfy
~ Public,
Ry RROADAN " ALL.

New York, Jan. Is-Profess'o hal
buyinR of stocks IN Wall Street TO-DAY
caused a sharp advance. held TO the
markets close Net gains for the daN
ran from fractions to as nlsa aS
I three. five and eight points The aver
age gain was about TWO points. me
volume was large and the puhllC was
absent. Most Of the business was done
by telephone from the offices Of large
operators,
Reasons for The advance were pure
,y technical. The chief ose seemed 20
he the necessity for preparing the
+ street for he new British loan az
xae0 600 GOO issue Of which - fS
pected next week Bonanza edninRS
to be reported by the United states
Steel Corporation and by kepuo u'
Iron and steel were much discussed
n Extra dividends are expected from
several corporations. But with all the
GOSSIP, few new facts regarding any
CORPORATION were brought 10 lghf
Tho market advance represented
chiefly covering Of shorts.
What Worries tho Street.
The ieak Inquiry at Washington
has proceeded so far and go MANY
distinguished names have heeh drag
red in that the whole Street believes
> That Congress will have TO so INTO the
S,av 7he matter can be settled: that is
! books in Wall Street must he inspect
ed The distinguished persons who
have been accused have nothing 10
fear II they are innocent. Tie only
Thing that worries Wall Street in
this connection is that a lot Of office
boys NAV he proved to be big piung-
8 ars in disguise.
xE,arly In the day the street was full
of reports that Europe was becom
iirg amazingly efficient in the manu-
: faeture OF steel az 4 result Of the
Z war II was shown that the capacity
I Il the United States, which had aver
aged e7,o0oa0o tons for Ave years he
Q fore the war would he 4T.o00.0o(
tons hy the end OF this year. This
increase of capacity in the United
states is equal TO the average five
year capacity plus the total presen
capacity OF Germany and England
These figures were given as reason
FOR selling Steel The answer OF tn
Street was an advance of SO share
: in United States Steel.
United States Rubber, which ha
been well bought recently. was cover
Cd Inv those professionals who raidec
Il last week.
For a wonder the bears did no
.shave German submarines approaching
the American coast. and perhaps az
tresult of that oversight Internationa
Mercantile Marine advanced fou
I points and Atlantic Gulf and Yves
.slnelies five.
Gas Plans are known to be under wa
for tremendous drive on the Yves
4~faont by the. British as soon an tn
/, weather permits While all the am
inunition necessary is on the ground
Inquiries are making here for larg
2 additional supplies This means NOR
business for the L. S. Industris
Alcohol Company, In addition to thi
Influence. Alcohol stock was inspire
hx the fact that some of the director
want to pay n stock dividend OF 10
sper cent and thus capitalize the add
tons to the plant that have beef
eirade since the war began.
80 The ancient report OF acquisitio,
-sa6T Cructble by the Bethlehem Stee
Corporation was current again
Strength Of Crucible is easily account
cd for by the weil-knewn fact tina
tfie company in the last twelve month
sshss earned more in actual cash thar
the present quotation OF it's common
stock.
Motors were Arm under leadershi
~ General Motors Anaconda led tn
toppers Rails hung back.