Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-02-14
BLAME LIBERTY BONDS
FOR A WEAK MARKET
Final Hour Saw Strong Buying
Movements in Several
Spccialtics.
BALDWIN WAS \ LEADER
Withdrawal Of Russia From War
and Logical Economical Alliance
With Germany Held as Cause for
Slow Bond Sales.
ny nRnAnAN WALL.

] ~, " q
strong market III the carly par, OF the
session. stocks turned. weak to-day.
heinz affected evidently by the weak
ness Of second Liberty bonds. which
went down TO now low record In
tho unal hour strong buying move
meats were begun iva several special
tics. with the result that in a fcw de-
partmcnts OF tho market there were
distinct rallies Baldwin VAS leader
in this later movement. Standard is
sues continued wcall 20 the close, hut
There was good buying by strong in
forests in the market.
Weakness o. Liberty bonds was at
tributcd moro 10 the multipjicity OF
anything else. Withdrawai OF Russia
from the war and the logical &C rnomi-
"a. alliance Of that counus with Ger
many hurt the bonds ALSO. because
large volumes of money must vet be
raised hy the United states 1t * Ecn-
orally expected that the rate for tho
ucNt bond issue must he higher. and
therefore tho bouCS outstanding viii
probably be marked dowh toward the
some disappointment WAS felt ., ,ae
delay in issuing an order permitting
everybody To work on Mondays here
for all day. but did not come TIL. the
market closed. Inc mildcr weather.
together with the increase Of coal
movement that such weather means.
Will naturally help the stock market.
now that the expected order is issued.
>TEi:I. MILLS OPERATING
Al ~ pt:N CENT CAPACITY
steel mills arc now Operating at
ahou; SO per cent Of capacity, 80 that
tho only change that can come in the
steel business must I've an improve
lncn;. The same thing applies to al
mos; every line OF business. and for
that reason il would seem that the
stock market had FULLY discounted the
bad features OF tn" situation
That the market has done SO is
shown hy tho strength Of baldwin.
which madc is high record in III"
tcruoon. Corn Products also made
new high record Tor the movement late
in the day. There arc other issues that
act a il they wanted TO co UP. and
with tn" slightest c.tvoura CmCNt from
tho coal fields they Will do 50. Weak
ness OF, pjS,iilcrs. Industrial Alcohol
difference TO tho genera, market. for
they arc in tho hands -; pools tina;
can quickly bring ihcm in line with
tho general trend
REPORT or AMERICAN rAN
SHOWS MONEY FOR DIVIDENDS
report OF American can for the year
lHl7 showed 1877 per cont available
for dividends on tn" common stock,
after setting aside S%.5ooOo0 for de-
probation. $4,000. 600 for Federal taNcS
and S3,6?6,Sai aS dividends on tho pre-.
fcrred dividends.
American Malt stock was inactive,
but was much discussed in banking
houses. The announcement made ~
this column last week regarding tho
plans for dissolution came from dircc-
tors controlling % per cen: Of an the
stock. The denial made publicly by an
officer and privately Quallnod has been
taken too seriously by Nall street An
official statcm' = may h' expected
within - few days.
railroad conditions continue 10 inn
prove. and a frcer NOV nmont Of freight
may he expected from now on
Ali reports from tho steel industry
arc Of rapid Improvement coming in
the Immediate future.
NEW YORK: February l.. Mercantile. "a
pCr ~. n "a. Sterling. sixty day hill. ST.
commercial sixty day hiils on bank. 81 IL? {.
commercial si>Jy.day hills 81 Nv; dem. nd.
$780,. cables, Si.5S 10. rar silvcr. S5Ht :
Mexican dollars. IS GoY"rnrnont bonds
heavy ratir"ad bonds: st"ady. Tim" loans,
nrmcr. sixty days. ninety DAYS and six
, month. 'H,|6. call moncy. strong, ruling