The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-10-20
1ne OF CONARO{R
1cUSE FOR REACTION
-, In Fact, No Real Reason, as
faction Was Due and Was EN-
pcctcd Earlier i'm Week.
Mites OF LITTLE MOMENT
Taken Out of Republican Tar1h
oals BY Democratic Tariff Commits
onn Act--Brcakfast Food Buyers
Go< More Paper Than Food
nv RROApAN WALL.

Knew York. OCT. i9-Stocks selling
n i small number % dollars per share
re made active iu Wall Street to-
~, some going 10 high record prices.
len the standard stocks, under the
&Mdership o. steel were moved ny
III the Others sold. in the at'cInoet
kf& sinking OF lie Cumardrg Alauula
1--we excuse for a genera. Tcattou.
nking OF the shp had nothing 20
with the reaction in fact FOR x
- purely technical, and should nav"
nc earlier In the week. The market
Acting strictly according to form
Mn. and the party of optimism -
0wing.
Willard For Hughes.
Politics are not having 50 much
light Daniel willard. pres dent OK
80 Baltimore and OHIO, who, accord
- to Wall Street. was TO come out
1e Wilson, surprised the Street by
Eamktng a square announcement OF his
1k4ntion to stand by Mr. Hughes, but
ri the few DAYS IN which Wall Street
MA been considering the possibility Of
alson's election SO many gaad things
Eve come out in favor Of the Pres
mt that ii Will probably make no
&4xkGrence at all who IS elected. Tic
11F36 is the only real issue in ihe
2$%fNkR dlEn, from the ~ All street. It4Ht
II view. and wilson's tariff commits
E1on promises TO do as much for Big
0siness as any Republican Congress
foUid do.
Get More Pictures Than Food.
M Loose Wiles Biscuit stock rose
14rpiy. Some time ago a MALL Street
1mn purchased a package at The gro
&~ky of every kind of breakfast food,
IKE and crackers that is for sale.
- emptied the packages and weigh
III the contents and the packages. lie
discovered that the chief expense for
1mnkage foods is in the paper ana
@Ttnung Now that paper has gone
~ high, he thinks 1t - Inconsistent
&nAt stocks OF companies handling
~tach products should rise. In pc
Rod of prosperity people Will nat
afAlly use less of such foods. Unless
The concerns use less paper and spend
}ea8 money on Autographs II is diff
cMlt to see how they can avoid heavy
1cases The rise in prices Of wheat
makes little difference to them. there
u 70 little food in a package. Eco
speaking, this country cats
more paper and pictures than wheat.
~ G.. 4 o. at New High Record.
n Advance OF Chesap eake and Ohio
~ the new high record price OF II
made Wall Street remember that the
eDmpany has $40 oo00 900 OF bonds
that can be converted
into the stock at IS. The advance
Of these bonds kept pace with the
mock, and II looks like clear sailing
Mp to about IS. 1t Is evident that
The directors intend 10 pay dividend
m the stock TO incite conversion.
Industrial Alcohol reacted moder-
Atcly as the result OF its wild advance
yesterday. Marine also showed a re-
At.tionary tone. Marine directors. did
nothing in regard to the dividends,
Nhich was exactly as expected. Sink
tng Of the Cunard liner makes Marine
That much stronger
Westinghouse and General Electric
we're about the best purchased stocks
IA the afternoon. Both arc making
such earnings that special distrihu-
ffons are expected.
II Union Pacific and Steel are the best
Bought stocks in Wall street just now.
The former is being taken on the
Theory that a special distribution will
come in November.
Wheat sold again at new high
arecord, Cotton was slightly reactiun-
fary