The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-25
|||0CKs CLOSE IN
MIDST OF RALLY
nuxfS raRouGHour DAY rs OF
II. ~ CHARACTER SEEN IN
WEEKS.
CALL MONEY r | 5 E 5
II TAKING OF spCH LARGE VOLUME
1 or STOCKS rRoM EUROPE
CREATES rAvoRABLE
IMPRESSION.
=, THOMAS q sHtyTw.IE-

NEW YORK. oct Stocks
closed tonight In the midst of g gen
IL rally. This rally began SO quietly,
about the middle OF the final hour,
~ to attract hut little attention from
the bears. who were throwing stocks
overheard reck iesslS. The buying
4 Throughout the day MAS Of the best
ehara cter seen in weeks. Of course,
there il no telling what hySssricai
security holders Of Europe may do,
but, judging ny ALI the rules oJ eA-
pefiefsce. the stock market To-Day was
srrapjng on bottom FOR this particu-
lar affair AT least. Some brand new
developments of a btd nature VIII Oe
necessary To start another movement
An overwhelming defeat OF the IurK-
Ssh army might cause fresh seLihs,
but there is nothing else in sight ana
there is no Indication Of any serious
defeat or the Turks
Some of the raiders who have peen
seliing stocks freely, partly through
London and partly al home. began
IL see the signs. and withdrew their
scliings orders before the close. Ine
one incident that caused most appre-
hension on the part of the bears was
si,s saes that a selling order Tor ten
Thousand Reading, placed by tneih
E with "a house identified with insioets
OF the Reading company, went on
,ha exchange, and WAS taken on
frsctional advance. Every trick known
10 professional raiders has been eX-
hausted. and now II is only aues-
z ZION of how they are going TO cover
their short contracts
Good Impression Abroad.
The Bank Of Germany advanced us
aiscount rate today to . per cent
ana nfivatn discounts in the leading
cer,,ers OF Europe were LIS per cent
higher. In the last hour OF business
In Wall street call money rose 10 y
per cent, but most OF the business
was done at "a. Action OF NeM
york in taking such large volume
~ stocs from Europe has created an
i excellent impression abroad Al tiie
,,ouev markets of the world are
fr3andlv In America because OF th'N
Z actton. ana AZ ~t,,srs AZ the" hysteFaead
feeling caused in Europe by the tracAs
a. the balkans Is quieted down, Eu-
rome will be buying back the SOCKS
almost as rapidly as they were sou
Investigation has neen niaue IA a.
- tsf,fers NJ the world. ftrft
not weak spot has peeh oeSe'o ~,
beyond those already exposed aHe
n decline would have come anyhow, pc-
a,,.. 81 vas due to wild speculatIon
an paris. Vienna and Berlin Inc
xssixan war simply furnished an eA'
cnse In all the important ihoae
Y Quarters Of the world IL Is as'eeo
,tat there will he no general r"t
r.ean war as the result OF aa'h.s
Iresent trouble. The reason ls ths'
II II generally believed thAt VI MY =
..rnno enough to defeat all the aiHe'
\ s aos ,yairst her Stock markets
.,,ra4 .aka account of the justice o.
49,, f,ause 1t Ii only the grim A"c
-. .4,a. must use Is IA basis Oh oP
eraiions. ,,
Rear Campaign CoIiapsc-.
Anath,r niece of evidence oi 'Ht
cal,a use of the bear campaign IN iV"n ~
in the fact that rumors put ~
absolutely false. for instah.e. ~.
%, that the American Can com
49, haa lost "a valuable contract Il
-, snr making boxes for America
rah.cro company. AS mater VI
go Il never had such contract, az
49,. an,y sold occasional consighfDe'ie
Ia the tobacco company, ~ -
,aanal earnings of the Can com
nary are due entirely To 'hcl "a'
business Of a permanent chaI
r..rthar- evidence OF the eiaa1se =
.4e,r,art was found in the "po,
buying on the moor " ~ S..as. ba,
ard his associates. wan Oh -
,narnea nv experience that bar uc'
never attempts to deceiNe ms w.
snv His open buying, therefore, ~"
particular Significance
Rankers expect a rather high mons.
80 tomorrow, when loans are hlau
70 carry brokers ove 10 Monday nm IN,
r,av hold the market pach'
banks have lost in the week ap %u
5000. GOO to the sub-treasury' nu
-nnean stocks to the value OF aoou
v $40 900 600 arrived today ana tu'
fher arrivals are expected tohl' ees
Number of shares SOLD 'ouNS' "
s1s. year ago, SAe'os-, .o5ay 81
.-a os,o. a wear ago. *2,S23.0oo.