Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-02-09
STOCKS REACT|ONARY
At CLOSE OF MARKET
All Showed Net Gain, However, for
tho Day and Some Quite Ma
tcrial Advances.
SHIP HORROR Is DEPRESSING
Wall Street Expects II Will Awaken
Americans 10 tho Fact War Is in
Progress and That Peace Talk T.
Only Helpful To Germany.
ny BRoADAN WALL.


NEW YORK. February S.-Stojks
were rcactionary ut tho close to-day.
following a strong advance OF special
ties In the morning Nearly every stock
on the list however. showed a not gain
FOR INC day and some quite material
ones Baldwin attracted most attcu-
tion ia tho NOR uiuc. hut General Motors
road equipments ana Motors were all
ariiCularlN strong. Steel and the
STANDARD railroad SHARES were quiet.
IN. upward movement was caused by
g reaction from the depression brou- hit
about hN The sinking Of the TuScania.
Thar sinking has no financial SiGntii-
cIDv" unless. indeed. II proved To have
the people up - the fact that a war
is IN progress. and that peace talk is
holptui TO the Germans. There Was
little peace talk IN Wall street to day.
one result of tho new mental attitude
OF traders Mas seen In strength OF SUCH
stocks as Baldwin and CruCihlc.
lialdwin'S advance was made tor inc
specific reason that the company has
abandoned the munitions. business. ana
* now building locomotives. which is
something II knows now TO do. Bald
win has orders for locomotives aS far
ahead ~ amy ono can sc. and with
profits guaranteed.
American Locomotive advanced IN
sympathy with Baldwin. for it also l.
Attending 10 business II understands.
For tho Same reason CruCiblc, which
is qualified To MANUFACTURES munitions.
Was also advanced because now. that
The traders believe the war - going
TO continue. they believe munitions
ccmpa MES will come in 10 stock market
favor again. one good result Of recent
irreEularity in both stock market ana
business circles has been to drive pco-
pie and corporations back into their
own business lines.
Traders deal much more confidently
in securities when they know the COM
panics arc WORKING along lines with
whtch they arc familiar.
General Motors shorts w"re SQUEEZED
leased in tho last hour.
FINISH FIGHT NEWT WEEK
On GENERAL MOTORS SHORTS
NcXt week wiil probably see a finish
of the night on Genera! Motors shorts.
This light Is Interesting Ia WALL street.
because tn" rise in the stock - appar-
emily justified by the earning reports
OF the company.
booth Fisheries has a sharp advance
10 a nov hich record FOR the movement
under Influence OF pool buying, which
il based on the more general rs" OF
fish. This company il sound financially
and Is we'll managed. and the outlook
for its business IL good.
Advances IN Railway. Steel Springs;
Pittsburgh coal, as well as in .l,mcrica
can and Continental Can. was based on
the necessities Of the government plus
the farmer weather, which VIII enable
all factories 10 operate at large" ca
paCity and use more coal.
Harvester stocks were strong again.
There Is evidence Of a new pool in
Chalmers
American Hide and Leather accunlu-
latjon persists. hut there is no present
effort 10 advance the stock.
Railroads paid little attention TO the
report issued hy the Interstate Com
mcrcc Comm iss!Ou. showing that sixty
seven railroads that gained Si31,@I1.-
IlG IN 1914 IN gross, ended the year,
with a decrease in ne; after taxes OF
S59,NS2.64S. This shows that operating
expenses ana taNeS Tor those roads in
creased Sig? 259,&"i.
one Favorable feature az the dag was
- rcpor. from Washington that the
price fixing program would be mater
Tally modiicd thus making 1t less Sc
V"rc and i.avin" business under less
restraint.
NEW YORK February s.-Mcrcsut,Ie va
I"r. ~. 1870. Sterling; -iNty uii.s. 81
commercial SiSt day bills "n h-nha. 81 "a.
''lu,vre..l -.>ty Gay bills. Si,ii.; demand,
$50. '"bi" ST." ',i5; n"r liver - =:
si-sas -,iIroad bonds. steady. Time loans.
ir'u: siNry days o.. 49,, ninety days md
~.N mon s',YC. Cal! money ArH ruling