Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-10-18
DAY ONE OF EXCITEMENT
IN COTTON AND WHEAT
Not Since Civil War Have An Options
Sold at Present ili:l
Figures.
MANY NEW RECORDS MADE
Stock Market Ignores Wild Move
ments In Commodities. as They
Arc Making for Higher Prices iii
StOCks-Upward Swing Continues.
RY nRoADAS WALL.


.NCw YORK, ocTonER FIN addition
10 strong market with many nc~ high
records. Wall Street had to-day great excite
lnent III both cotton and wheat; No, since the
Civil War times have all options sold at
the prices reached TO-DAY. Wheat for May
delivery rose cents = bushci The stock
market ignored ih"s. wild movements in
commodities because ,l.y are pare OF tho
influence making for the higher prices In
STOCKS.
The reason wheat and cotton advances
nsip me stock mark Is that both are
ipcii"; OF the allies ,h*t che war is 70
,asi .ayGr"I year. Success OF ;ho Gcrmams
nvNtp''ni against Eouii!.n!a j. estimated
10y eNre!ts IN foreign affairs TO have added
a,rG 60, Yearly y."r 10 ia" rr"taol" length
ol VA. VIZ. success IN Eounis'tia viii give
me Inc tH,r'g ian whest and petroleum and
wheat >nI cotton are 80 inslit ~" p wM.
i Tsaif. h fesr of strks on the canadian
Anothsr powerful! Influence Vas the un.
S Soon to h. Of $50 600 %sn
m"', Stt'', NhnwS that i, will never do
sS 81 Sr'n ,,i,, "a, snrn lean e\ecpt in
viii y",,d in the " Middle H tS"'' VII lTo''0'
Ia G Gael % S 9ss''9;s .a Ts sr
. p@rntion had taken an order for s4So.oo" 900
mem ,a, Union iasiii" ''' @@ui Epv soon
; in nyr,, nHM nGn.ns company for all
on !. esS,y mSn'n 70 rGHor Of ,hG
tor Ton u NJ ,Gd Hn.nSss N1tMry ,hiI conii.
nG"pSndtn, capani " Fl "a, sf n, that ,he
ness there is for rhr ncNt f"% months "'''
buyms 81 stean,is Marine )! oil SS men ~ N tTs
,hhs e s,i,r '? ~; in nc a;.tsmep, M,
shares 81 III" preferred stock above lis
s%.em' OF back dividends would he paid in
TIE mar ssf Go nniIG a r%1e H"rSs
sugar made ncw high records for the y. .it
Hnha , CANE came within . fraction oi iis
:, Western union sold a. the hirhcs, price
;%SshsG Gens,ai p'NE c,or4 maj ;nade Il
6m nsh A MT at Ss and rs"iIa leather
" "Se$1 p q" sn.i wGrc "ner
., Th.re Va very i'tie mnnirulati"n in Inc
,nored ;ha, ~ loan to !he aiiics Void !.
"n.a"" S, "' thn ls" Inc "'cs@n This
N" reaction thus started continued /" tho
list showed "a net gain at the close OF the
.,'lh..rr is cNoeillsn,, buying tn. Nev .vcrl,
..nd Te%hS racIiir III nnyIns az Rock i Is"
lana I'M, Il for ,hc very lost s,c"re connected
s ,SciT ,ieh snS.5S ~, IN n s'e,s r' y.ns
aan"e,I companies.
E Ir mart mart o: ,HG. ao,%e 1!"sk na:xst
TYR. ans" sf M. fsin ie,fsi.+a the
bte s @s!m i" ,.!tsIE" 81 "nSsT["n
.!."rI"i1r selling toward the close was
~ .'iiHl',. in p"rt 10y - sudden ri-" ia cali
tlon"I to per cent. No especial reason
MAS az. v'tnrcd Tor The hardening al a.rna,,I
'o-iS but last weeks bank statement. which
showed i further pronounced contraction "
reserves I" the lowest dEurc since the midi
;.ic Of the year may have been the imrcll
Ia. cause.
NvH,.'r"us 'ow--rrcnd rai,s ard ,ndu.,-iala
vii - other sp"cial,ics hitherto in the
tnh, STATE. St-c'. tcn',l2u,ed between
- :.ilc - p~r cent ui NC whole. marines
Reading, Republic Steel. Rock inland and
snrh relatively un!;nportani issues ~ Hide
snd Leather. International Paper ami t'ni"n
HaS and Paper each supplying very irrc.
quot.
New records included General Motors
which rose |" - points 7aH and Amer
lean Beet Sugar. points 10 loo 80 Other
sugar shares We're In st.adr d"mand at
i.iEhcr levels. Western Union was nmonE
,hc most active stocks making gain Of
.llaost points. and fertilizers and pc
iru!CNIlS denoted accumulation.
Eond. were strong. Total sales. par value
S".f. 400
luitcd States bonds unchanged on call
NEW YORK. October i7.-Morcantilc parsr
~ S,"r!lns, .iHty-day bills. f+.7r,; H..
iuSnd. tA,5 ?-l6. cables 1916 rs. bar silver
hN.; MeIicGn dollars. I2i.; government
nonGss steady; railroad bonds strong. Tim"
loan.. steady: s!XtE dag. q "a: ninety t:ay
and siN months -. o. $40.
II