The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-05-11
CONDITIONS NOW RIPE
FOR SHARP IMPROVEMENT
of Advance OF Troops
Would lie Stimulus to
PriceA.
RATE DECISION ExpEcTEE 500,
settlement of This Question VIII Prove
Sharp incentive to Busincsss md
Renew Activity and Optimism.
ny DI,oADAN WALL.


New York, May 1O.--With the delay
Cd opening of the stock exchange to-
morrow morning the public Will have
an hour TO mediate on mediation.
From the Wall street point of Wow
war has already been declared. and any
announcement OF the advance of our
troops to the City OF Mexico would un-
doubleday be stimulus to prices.
During tho last week there was \
combination of unfavorablc events.
which, under ordinary circumstances
would have induced hquiu,,ion. How
ever. stakeholder can sell his own
securities twice, and liquidation has
long ago cleaned out the weak ac-
counts.
a stock exchange firm that in normal
times borrows from sS.0O0,0c0 to $iO,-
5000 has outstanding to-day $1,000
600. 600 in loans and strong boxes filled
with stocks that have been paid for in
full.
Tho condition OF ,he public mind is
shown in the following story: nn active
floor trader visited his physician on
Friday. Things look bad downtown"
remarked the doctor, and / am Sc
riously considering the closing out OF
my Investments"
Don't" said the broker.
Later In the evening, at ono of the
best-known restaurants. the broker was
approached by the head waiter, who
contidcd that he WAS much worried owe
the rumors OF WAR and sought advice
regarding tn" Iquidation OF his in
veStmcntS. Wait" said the broker
The next morning, on his way DOWN
town the brokers' chauffeur grew CON
fidcntial. The missus and L have put
our savings In good securities. We are
worried. Shall wo scllY"
This Is an accurate description of the
attitude Of three grades OF investor4
| The fourth class. thoac who spcculuted
on margin were frightened long ago.
When every one has grown cautious
tho renturcsomo may take II chance.
With promise OF especially favorable
crops. and an assurance OF easy money
for funds may DO borrowed for six
months or more Mt exceptionally low
| rates--conditions are rire for sharp
| Improvement In values.
Taking close View OF fluctuations
during the past week. there was I, re-
bound to the dips OF Il character that
suggest further Improvement
No particular surprise need be felt
over tho failure of tho bankers to come
to an agreement with the Goulds. For
years past there has never been any
honest effort to build ur these proper
ties. and bankers to-day positively re-
fuse to advance capital to those en-
pl"vcd or exploited by the pre- sent man
al" cement.
Expecting It reccivcrship for Missouri
Pacific, Am extensive short interest has
be encouraged, although experience
: has repeatedly shown the folly of go-
Ing short of stocks. selling at $50 a
share
Each day brings us nearer n decision
from the Interstate Comncicc Commits
SION on tho question Of Eastern freight
rates. Unless the usual signs 80 for
naught, IL substantial advance Will he
tranted. The settlement of this ques-
ton will no doubt prove a SHARP incen-
Z tlN to the steel htSinaaS
manufacturer of railroad equipment
copper stocks suffered somewhat
from l'aris HIui iation. The position Of
the metal market appears unusually
Sound 4 return to normal trade con-
dttions would probably be followed bv
sharp advance In the price of tho
metal Utah Copper frequently has
been referred TO In this column, al
rances easily. An increase IN the diyl-
dcnd rates during the coming months