The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-10-20
l0I REVISE ITS
|b;El1 CALCULATIONS.
1871 District Standing Firm.
Awaiting Conclusive Develop
ments.
STOCKS SHOW STRENGTH
- Evidence About Immediate
kndenrie< Of the Last Not Alto
eher bad Symptom--Forcagn En-
change Easier.

New York. Oct 1e.--Aftsr display
u q great deal of somewhat trregu-
~ strength during the greater part
Z the day the stock market today be
HaAe .rregularly heavy n the las'
.uur. Whether the late movement
~ anythsng more than Wall Street
E&ecustcmed 10 look for in the alter
xksng currents Of a market which
~ been chara ctcrized ny strong ex-
Assive trend - a question. There
80 no signs that quoted values
rsxe affected IN the afternoon by any
,a3nw more than rTont-taking safes
~ some experimental eeartsh pres
~ on the theory that the snare list
- 1T present IN an uncertain STAGE
"a might decline as sharply as II had
ssAnced.
Ncr were there any signs that the
her unfsvoran bile tenor oftf>oliucai
u military news from abroad was
influence in the Wall Street oper-
ous. 1t is atite possible that Eu ro-
N events in the near future may
.ve a. stock exchange reflection here.
al all the indications are that snort
4 deveIopr7 ents unrnistakahly con-
letve as 10 the outcome OF the war
a financial district will not revise
~ of it's recent calculations
War shares Stimulated.
Ara.n there uas a miscellaneous as
.trnent Of stocks TO which buying
or was extended Bethlehem Steel
/ at 5nn and stimulated other war
/ milton shares United States Steel
an influential leader in strength
i ACTIVITY nor were the rails wholly
yIArted. Were It not for the as
8 anton that the current year for
nv corpora tons Will produce vastiy
Sore profitable results than last year
rise in the American Locomotive
Tres on the publication OF the an
4 Il report, which was mos; DE-
4 eaGanx document. could properly oe
xn@dAd only as token OF dis-
bingiy reckless speculative senti-
4 1T, 1t happened, however. that tne
~ exchange community continued
N more or less doubtful about the
L mediate tendencies of the list ana
: very ready To seize limited profits
L ckly.
4 his was not altogether bad symp-
IN. particularly as the speculative
sition is supported by situation IN
d ney which Ia disgustingly easy from
4 standpoint of lenders. II any
M the industriaIs have become more
8 nxed since the heavy payments were
tide on the Angio-French loan last
~ without even rufflfng the surface
money condition.. The close In
/ se1es was quite reactionary. but In
y tcticaliy ali directions a strong un-
rtcre was manifest Total dealings
- In excess of q million shases, the
faication being that activity tended
1 JArd an increase on rising prices
~ ForeIgn Exchange Easier.
yNYeirn exchange Was a bit easier
taature that became familiar in re-
IL weeks when the heavy shipments
wold direct from London were start
Today's consignment reported as
mt sas. oe6 nor WIS the largest
aunt ever received at one time and
Y ughs the total gold importat'ons OF
i year up TO more than s30o. GOO, GOO
sperate receipt Ct ~. 600, 900 was also
sounced and another large shipment.
sNr official auspices. wac said to he
the way Meanwhile the trade ball
reached for last week s about
4t.G ,Af-A Ia second largest on rec
s. Furnished q basis for calculating
export excess for the month which
4 cid be unprecedented. This ctrcum-
zee together with the statement
II about the further placing OF large
S proba bility az an export trade OF
xampIed magnitude for many
sths TO come.