Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-07-24
SELLING or STOCKS CAUSE
OF DECLINE IN MANY ISSUES
American Sumatra and Pressed Steel
Car Only Shares Showing
Strength.
BuLL1sH REPORT ON COTTON
Corn Goes Up Cents Per BuSheI
on Export Dcmand--Proclamat
to Take Over Telegraph AMI Tclc-
phone Lines Has Little Effect.
ny nItuADAN wAI.L.

.,lW .On->. jay 25.--Sciling of
-, Ks watch began on Monday with
che idea -, casnins in on the victories
II our men IN France Was continued
to-day TO suCh An extent that losses OF
points and more were seen III the
most substantial issues. In few spc-
cialties there WAS strength. notably
American Sumatra and Pressed Steel
Car. In both OF these special develop
mentS were seen.
Cotton broke s. a bale for the July
option iii the face OF a very bullish
report from Texas.
Corn was up cents bushei for the
old months OF export demand
War news continues good. and in
addition to the military achievements
OF the day there was the word of MIR.
Hoover that the C-boats no longer
menace transportation of food to Eu-
been solved for the allies. At the same
: time reports persist of distress in Ger
many because Of lack of food and
Increase of disease resulting from hun
SHORT INTEREST BECOMES
RESTLESS IN SOME DEALS
the market strength of American SUI
matra attracted much attention. The
directors meet Tomorrow, and it is
expected they will take action of con-
siderable financial advantage 20 stock
holders. The saort interest in the
stock is becoming restless. Wall street
bacco companies at face value. The
Insiders of all th:ee companies have
been quietly accommodating their shares
for investment. When the shorts start
10 cover they find that the certificates
have gone fro:a the Street This is
true not only in Sumatra. hut in Cigar
stores and Tobacco Products. The in
siderS ~ all II csc companies aie do
inS everything in their power 10 rid
their ocks of the speculative Aavor
that unfortunately has attached to ,hcm
in the past
The very conce, .ative advance OF the
Cigar Stores dividend was with that
idea.
Increase of tie Pressed Steel Car
dividend TO an per cen, rate sent the
price OF that issue up > IS points. The
car building companies are all in a
very prosperous condition, and are sure
to remain SO for sew. -al years, and
even after the war ends.
Proclamation by President Wilson
taking over all telegraph and telephone
lines on July 81 Lad little effect on
those stocks
This taking over of the telegraph
companies is going to mean great
Improvement for business men who can
cial government messenger at much
cheaper rates tina, the telegraph com
panE was Charging.
AMERICAN HIDE AND
LEATHER SHOWS EARNINGS
Report OF the American Hide and
Leather Company for the twelve months
the preferred stock OF S1S.O4 n share
compared with sl36S IN the previous
year. central Leather also made a re-
port FOR the six months ended June 40
showing S5.2S a share earned on the
common. compared with S24 40 for tho
same period in 1917.
These reports explain he shifting of
investment there has been in tho ast
rev months from Central Leather to
American Hide and Leather
Weakness Of Steti Mexican rctro-
Ieuni and other standard issues that
are also popular with spectators. was
due 10 selling by traders followinr
n In
Monday. VII
This selling was not Significant. one
feature OF the day was the continued
strength OF Russian bonds. Inc : -
per cent issu,' Of which sold to the
new high record OF co CITY of Paris
bonds were also strons. Money was
nrn' but readily obtainabic at the rafr
OF TO 1-2 Bankers insist tina, liz
worst has been seen in the monav
NEW YORK. July os-Mcrcan,i,. manor
tour and six months, per cent Stcriinr
eNchanGe, SiSty-day bills st7.is: ron,n. -
cial siHty-day bills on banks 50 -. corr
nercial siSty-day bills. si7iN: demand 81 x
a-l6; cables. sac ZIG ~ 80
lar silver. s9S Mexican dollars =
llme loans, strong; sixty DAYS uinc,v
Gays and six months. per cent hid Cnu
money. strong. ruling rate no, So,