The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-07-21
UNCERTAINTY CAUSES
lET-UP IN TRADING
xalune OF Business In Wall Street
Smaller. Due 70 Tone Of Adviccs
From War Ccnters.
MAR STOCKS MARKET LEADERS
sr Violating Public Takes View That
Munitions VIII Re Marketable mt
Prosperous Prices for Long Time
let

few York, July 20.---By a decrease
~ material size In the volume OF deal
in-s sn the stock market today wall
S.rset paid a tribute of Difference to
Important uncertainties bearing on
Immediate financial developments,
rni. ring from operations in the war
and the state OF our relations with
Germany to the progress OF events
he disturbed labor situation center
4 - around the wa munition fac
es, for the present chiefly IN
bridgeport Otherwise there was very
.'ftie change In the character Of the
arket as compared with recent ses'
sia..x. On the whole. the share list
she wed more aggressive ffrmness after
Htrtng better resistance to pressure
tran on Monday. There was again a
curious confusion OF activities and no
l'ttie irreguiarity in the course OF
,trt SO and the trading seemed to be
M IRE largely professional The mar
ret also disclosed renewed thinness
vita sharp fluctuations on compare
iivNly small orders either way. There
WAS much talk OF check having been
administered to speculation IN war
cn-- tract stocks, but II could not ne
val that the day showed any real
SO ~ that this is the case, despite the
settlement caused on Monday py
to- Crucibie steel episode.
Principal Traffic In War Stocks.
IN the contrary, the principal bust
+ of the day though IL smacked
effort. was transacted In stocks
this description. and the most ac-
-s,-. features of the session were pro-
a led by the late afternoon advances
81 some OF the war specialties, con-
u, euouslv American Can and Beth
~ EN- Steel II is true that the rails
= The forenoon. at least, continued to
a play rising tendencies. phenoin-
m which was favorabiy commented
On. but they did not get very far,
-. exercise much influence. except in
"a parting general steadiness. The
- oper stocks also started upward
Il stopped Desultu-y short cover
was a substantial factor in the
trket. with signs of some energetic
ttrement of bearish commitments In
II ne last hour.
situation Is Grave.
an II was noticeable that the market
4, the main lacked qualities of re-
aonsiveness to information, or to any
! .ternal stimulus There was over
Sht a rather depressing accumula =
an of news, including the European
ivices predicting the early capture
- Warsaw by the Germans. wash
"a tEt0n DISCUSSIONS OF tue ISs'iin u
,ntroversy In terms of critical
Gravity. and the labor demonstra at
rms and ammunition plants. Tine
ct result OF all this was only to cause
attlal weakness. the early prices PC
,g for the most part the lowest OF
ne session. and with no pronounced
continuation of selling pressure. Later
On the market showed no general dis
position to respond to the impulses
provided by rising strength In rails or
tandard industrtals and renamed
rather inert In the last hour. when
Bethlehem Steel and American Can
advanced abruptly to new high prices,
accompanied by reports that the
Bridgeport labor troubles had been
exaggerated or were in process of be-
ing brought 10 an end The most per-
missibie conclusions from the prevail :
ing aspects of the session ives that
quoted values were still protected by
position Of technical strength.
Except for matters referred to,
Wall Street attention was not much
engaged with other news of market
wise bearing.