The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-07-20
ny moADAN WALL.

Now York, July ls--Now that the
Il E0n9oot interests in America are
&e3kiag for a higher market again.
ry niece OF news has O. oullish in
kat1on. Stocks advanced today
NonuDe the shorts were trying 10
Syor their contracts, having decided
r. NUald b dangerous TO try to break
1lo znax1ret further. But they had
- have Z more plausible reason, 70
- ND that they were buying stoclss
Il &causa Germany has been able TO
M IN several places the tremendous
naaaugnt Of the allies Early IN the
aNnr German victories vere oeartsh
III Uxoey aAvanos OF he allies was
A1oa with h1ghar prtces Ia the street.
s1Gew The situation u entfrely reversed
- with good reason. wall Street
~ must be remembered. 10 looking
Nnoa the war dispaAsaoratesy. II II
@4DpeAry 10 rejoice at q German VIC
11gy. q IN English victory, It ts nra-
SYaY 0eca0ss It interprses those par
\ cu1ar Victories A. reasons for fur
1Aef purchases Of manufacturers in
nAE1ca
= year ago German Victories we're
/ 0oll0ved to mean near ENDING OF
IL war. Now every German victory
- considered as an extension Of the
NAy. This u 50 because Germany
AAs been stopped in her great often
utvo movement and the financial
world, regardless OF personal scr IT,
I Dents or good wtshe4 for either Ade,
has made up IT, mind that the war
must end with complete victory for
the allies Every German victory,
therefore, postpones that event.
That the stree. In correct in this
point Of view 10 shown by tire fact
hA al
Ties were having everything their own
way in the new Offensive movements
orders were not being placed in
America. The market naturally
siumped and encouraged bear raids
Now that German has landed T.
liner in America and has repuleed the
allies In many places, munitions or
ders are coming again. Some very
important ones no doubt will be
placed within few days Axnons
these will be the greatest ever placed
One big order 10 from France.
A Great Order.
One order IL for nearly a million
skells At various diameters Lack o'
these shells and Of other munitions
are factors IN President Wilson's hasi-
fancy about going into armed con
dict. Wall Street will be satisfied
4
his program OF having tha United
states guarantee Q Mexican loan &c
BE- underwrtttan by American bankers
such q loan would give the United
States a legal right 70 supervise publ
Affair4 In Mexico
Automobile stocks were strong be
cause OF the sharks on the Jerse,
coast. That sounds like far-fstchet
reason TOR buying automobile stocks
but the seashore resorts are deadl!
places without surf bathing, and al
result Of the sharks tens Of thou
sands OF persons are staying away
from the seashore this season A
large percentage Of these are spend
ing the money FOR automobiles These
stocks contain wonderful possibilities
Of profit. provided they are purchased
only by persons with good nervee.
Steel and Coppors In Demand
81. Buying OF steel ana copper sfocka
munitions and motors was good
throughout the day. Much OF thi'
was on orders from high places and
was directly connected with the public
offering of the new French loan
With 800. 900, 900 of notes, the war.
ket cannot be permitted to sink lower
In fact there are so many good rea-
sons for an advance OF the market
that II would be bad business 20 let
1T decline even without the French
loan. Test OF sincerity OF the advance
will Be had before long when the
extra dividends OF American Beet Su-
gar and International Nickel are an
nounced, Upon the turn OF the market
last Saturday extra dividends were
followed by declines in stocks affect
I'd. II Is proposed TO advance nickel
and beet sugar when their dividends
are declared and that will be the Gig.
nal for the general public TO ciimh
aboard the band wagon.
Although the market has made a
material advance IN some sections
z4nco the turn on Saturday, there are
I akIil bargains to be had on every hand
y Tennessee Copper bonds are on the
4 bargain counter now. These SIX per
cent convertible bonds sold today al
-. Directors OF the company bought
heavtly Of them at 100 and though,
they were cheap then. Tennessee
Coppers securities suffer more from
the company's bad reputation thar
from any inherent weakness, for Il
Il II really one Of the strongest concerns
IN America.
Sugar Market