Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-02-22
STOCKS TAKE TUMBLE
AFTER EARLY RALLY
Many Short Contracts Closed Out in
Anticipation of the
Holiday.
NET LOSSES NOT GREAT
Matter Of High Prices for Food Is
Becoming Serious - Corporations
at Present Making Statements q:
Remarkably Big Earnings.
By BRoADAN WALL.

80 NEW YORK February :l-In ant.cipa zion
OF the holiday many short contracts were
closed on; this morning. and. after an carly
rally. tho list fell. Net Losses were not
great because tho enrly advance moved
nearly everything higher than II had been.
Bullish sentiment. however, was materially
Chief Contributing factors were the re-
ported unloading OF an American l,ne ship
ct s R,sr In r fSc
American navy; che ciosins for the iirst time
business because the railroads are unable
TO. handle the srain. and tho ration, vile
tate the movement OF food
Price, Prices for food are becoming serious
are not COINS TO buy stocks with avidity in
who are rio,,nr over FOOD price, TN The very
rich also beginning. TO pay, attention.
Than $500 Wns@ Susheis ' less "G than na' os
the previous year The pTSssn, ,"ndi',on OF
low normal for lack Of moisture! owing
Sera is Of labor or sS h
the.world may bc disappointed in its hopes
s;a,isii s sho show 'H ha, tf K the food in tn.
world were everly divided everybody would
set;ins an they want and VIII continue 70
countless millions are very much undertcd
n nsss' b. the OF the world
ASK THAT rREIGnT; ~ -
srain men to .hs railroads urcin,s That an
f,eishs be s'9prea, except food p.%duc ,
nres . but the public is helpless. and the
msnufaeturer D', have " been doing to Europ.
IN the mater Of war s ,M les, The public ,
prices are riotiins, President Babst. OF the
saesr prre sn sas RinnE
CORPORATIONS are making statements OF re-
made by world wei. fed and efficient.
They we're made with the railroads IN free
W Win loaded ears I; the, stun is manu-:
i lie eaS and II na Of
lion is bioekins up the tactories with nm
foiency Of labor caused by high Wages < in
some industries ard by undernnur!s hmsnt
lens TO solve when trying to decide what
the immediate future OF the stock market
Es5n,nss are splendid and every Day en-:
1915 sales were nearly s6.oo,oo0 in cN:css OF
ens ssr ss pr ha
mon rtfk has IS been p,aGed On per
Company being a. much coal mirc as IL
is a'raiiroad and having Its own facilities
faT VIM the Suqs Is the in sa
of Si AGAIN ss,e
are pools ready 10 take hold OF every stock.
Sns viii do hSs only
mana. but also about the prices for food.
TO DO GREAT DEAL
wash,ns,on Is llsble to do Erea, deal,
liberty TO qven, method of doing grace
fully exactly what tho Federal Reserve
Board warned the banks no, to do: The
should not buy British shor,-term notes
So tho British have handed tho notes over
TO American corpora tions who arc issuing
their own notes against them and selling
those the public.
When It became known that the govern
ment ,proeabiy would take over the Amer
camille Marine Company for the navy. stock
OF that concern became hrayy. Some OF tho
oil companies may welcome prepared
ness. either. in view OF the uil introduced
In -GonSrcse 10 DAY giving the President
,hority to take over ships In process OF con
struction and convert them into government
vessels Much Of tho hulli"hn"ss in tho
oil stocks has heen based on the cxpecta-
ton OF new tankcrs soon TO be Put into
service.
NEW YORK. February NJ Mercantile pa
rcr. 4Tr. pc- ~.ut Sterling. sixty day
bills, s+7$. conn +rcial s,x,y.day bills on
hs nkS H.72: sn.merc,al sixty-day hills
1ns 40 stIiA cables. $40 10
crnnen, ond.. steady. Railroad bonds, ir.
regular. Time loans. steady: sixty and
ninety days. %. a. SIX months. 4Ii'7. call