The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-04-18
MUCH ACTIVITY IN
LOCOMOTIVE STOCK
Good Friday Holiday In wall Street
Causes Considerable Profit
taking.

New York, April 17.--Wall street
celebrates Good Friday as holiday
and because of that there was consid-
cradle proft-taking this afternoon,
this. cut down the high prices estab-
lished in the morning, but in spite OF
that the market was strong up to the
very close of the session.
few stocks closed at the best par
ticularly Distillers and American Steel
Foundries, Cotton Oil, American Hide
and Leather. Loose Wiles, Ice. pre-
ferred, National Lead and International
Nickel and Pierce Oil were among
those that established new high records
for the day. United States Steel was
quiet The oil stocks were strong but
without particular feature. The most
spectacular movement OF the day was
in Cramps Shipbuildng on the curb
and the philadelphia market
Brokers say that the public is more
Interested in the market than the So
called big people. A commission house
who does fifty or sixty thousand days,
and often for only FIVE or six GUS
ers, does that value for sixty or sew
enty. The billions OF war profits are
very largely in the hands Of persons
not accustomed to the handling of
money and they cannot rest until IL is
invested in the stock market. For this
reason a large and active market is
anticipated by commission houses
! an important announcement would be
made by the American International in
connection with Industrial Alcohol. As
result both stocks were strong.
The announcement came finally In
the shape of the resignation of w. S.
| Kics and II. r. Tinseley. representa-
tives Of the American international
from Industrial Alcohol board of di-
rectors with the admission that the In
ternatfonal had liGuidated it's invest
ment in the Alcohol company. This
caused a break OF four points in Alec
| hol but stockholders or International
felt very comfortable for the stock
must have been sold at a handsome
profit The cashine in Of this invest
ment, together with a call for $40
share on International, makes it evil
| dent that some very important trans
| action is in contemplation.
| Shipping men say there will be
| great falling off in the demand for
ships in July and August because such
a great proportion Of ships are now
used for transportation of food to Fu-
rope. Garden stuff Will he available for
European consumption by the middle
Of July. IT is quite probable, however,
that heavy shipments of food will con-
Time during July and August because
American wheat viii then become
available and it will he taken to En-
rope in anticipation Of heavy demands
next winter. The shipping outlook is
4 therefore not unsatisfactory.
1 Heaviness of American Car and
Foundry is fully explained by the pro-
/ tests from railroad companies claim
/ ing TO have too many cars
| They want locomotives and for that
reason the locomotive stocks are active.
/ -----------
| NEW YORK PRODUCE MARKET.
New York. April T.--Butter-Market
/ firm; creamery extras s3lA q s5c; first.
! s2i5 n CSC higher than extras az n
/ SIC; state dairy tubs. 81 IS y; reno
waited extras, Sic: imitation creamery
| firrts, 4s14ac.
| Cheese-Market steady: state whole
milk specials. 10 n Sec. state whole milk
snecisls. fancy. 3ilz 737c; lower. 2o1
/ 35c: Wisconsin whole milk. fancy
yonnr Americas. 22X 732stc: state
/ skins. specials. 22R q e31z; state skins.
specials, choice. .oG22c; fair to good,
I15n1ec.
! Fggs-Narket irregular: nearby
| wheat, fancy. 51T SIC: nearby wheat.
brown. as 1&Tc; extra. ASH a 46c; f7rsts.
4o1A 64tH
!
NEW YORK BANK Cr.EsRTNCs.
New York April lT.---Pank clearings
| here today were $500. sSs.546
RICHMOND BANK CIFsRANCEs.
| Thursday, April II. 1855. 9a45e