Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-27
IMPRESSIVE DECLINE
IN MARKET YESTERDAY
Steel Active In Morning Advance
and In Afternoon Rctrcat-Spe-
CialticS Show Reaction.
SIGNS or FEAR on MARKET
Companies Making Munitions Begin
Wcll-Wall Street Still Uncertain
as to What Effect War Will Have
ON Vast Bond Issues.
~ RRnADAN WALL.

NEW YORK. March cleft without
. case am, marSe, ,noremsn,. Wal sire,
nat o stsria n'ei tG rNiss WI" '"g ,G,
at III" emo OF I'll" daN IN ncHrN ati active
Mere oAiemt,y ""@"s ..ua Iron. ons Of
tw" H'iIa . maElns 4sw nigh r"c"rds
!. IN the afternoon, Size was ,ns .esa.y
, au.ance and th", sftyrnGvn retreat IhS
80 rii,as. A,snii.on. 'mG h"ilS "ii moved to
,,o Whsn Z marhst rc!s as ,o.tny.s iii, i,
nearil ai"al means thar nrortint pvoJ,e
they 10 no, nAc the SITUATION as a who,".
tn, ucthnc would not have been hul 80
what The eucct viii 10 on ;hc stork mar
s Aet OF The vast bond issue, tina, mus CONF
r dsy 10 sale q Uni5,d STAT. Is ~ At lci'7
Mhich Is /. per cent Ind"r tnc las sate
income basis in the fac.,' OF WHEN tay .:5v.
paniH Bamkcps " Mo 70" or m f% yr. ham s".
H.riored tho Artificial price, 81 United
s.4e VIVA, Viii happen wi;n lhc &oreinncnt
bonds IN "n.n eumpetition ON basis ~
kai,road men were not ortimtstic regard
Would !"S so h@"sh nT
bound to sye then, "m increase. tn.y nav"
not rracitctrE all the economies possible
lhsre is no illusion ahvM III In 'eaStnv
saruins economies IS to b" sk"" a. sGg-
Commission proposes to do, il may % ina,
,n, n Sy, aWaEsned hnl!i'hncs. onna"
WAR WILL INCREASE
Rails were among tho hes, sold IT is
ii hfh quarters Tia, var wo nT mean n.n Il ~
,sease'i .srn'nss far The rniiroadS, ,ey"r with
incentive ON III" rar, Of labor 10 focit,,,-
n. T"Ts4m of vii 'Tau nsy g n, nae, -,
rroh,s TO producers Of raw material AMI
the railroads that viii hav" tho 'ran.urr,a
a ,,Tn hi s Surns, h' s0Yernmynt sno'
CSmrsniss making munitions started to
dsH wrii. rhs "a> on he theory tina, Win
their factories tuned ur ready for busioc..
n ,heS "Cp be s,Hd to ct even III. small
pay. for that will enable them 70 ruotisu,
equipment instead of sctaprInr it Ill ~
MAS contemplated.
,umor was circulated Today ,ha, largo Or
der3 for cans woulu be placed BY ,hn co,
soldiers. The sane rumcr put AZ s,",ks
%" IH, inc psfMins romp'ns. and Wilson stock
nanies ,nanufacinre in o great 1,ian,iticS
,ional supplies needed for the sov"rnr,I"n,
would make ma;eita difference in h"ir
Stocks tina, were strong we're under special
, 'inhuenee Of The discovery OF assets no,
Public service corporations. producing ras
!; viii he ronomhcrcd tina, ,ho.o banker,
VINO dli not "nthh>" over th- recent AL
vance IN the Stovil market were tc,r from
doing so through tn"ir fears az s.uArYtr
peace. with Russia that would leave IN"
United states taking 'iu extremely serious
ns pans IN scr tai wi s, b,t cS %iSrsd Now y
The. war. has done 50. in tn" opinion ~
many reopc. and on top OF that comes III
renewed rumors from Europe OF p Ger
man drive against pcrroErad. which tho
Germans are making With the idea ,ha, .
tho pconlc of Russia will "onscn; To mak. I
Ns1"I The possibility Of such thirc Mas
soberiNc influence In Wall street o-Lay. :
q
NEW YORK, March p Mercantile papr- F
iNf- Sterling. siNty-iay bills s,1i: com.
m"rcinl s'Yty-daH bills on banks, san; o"m-
Tercial sixty day bills sl..0't. demand
st.t :-is; Cable. $50 ..i6. Bar silver. ili,
Mexican dollars. !5' Goye-nnru, BONDS .
STEADY Railroad bonds easy Tim" loans .
s,ea6%; SIXTY day ana ninety days at.T ,
80. sih months. e, ni Can MONEY s:crdy /.
ruling rate. -.