Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-09-05
.COPPERs AND TOBACCO
SHARES PREDOMINANT
> Street Speculatcs on Probable Ac-
ton by the United States
Money Committee.
STEEL HOLDERS LIoU1DATE
Petroleum Securities Also Prove
Strong Feature, With Mexican,
Texas and Sinclair Leading the
List and Touching New Records.
ny pRoADAN WALL.

NEW YORK. September i.--When
stocks closed to-day, after mixed Sos
sion. in which strength IN the oils cor
pers and tobacco shares rrcdominatcd.
probable action tomorrow by the
money committee.
Three prominent member Of tho lat
ter conferred with Governor strong.
OF the Reserve Bank. after the markets
close. but no Information was forth
coming Although tho bulk OF the call
loans were made AT the 6 per cen, r"-
newal rate, small amounts We're loan
cd as low s . prr cont can funds
appeared 20 be moro plentiful than for
some days past, with banks FOR the first
time in weeks informing brokers that
moderate amounts on call we're avail
able.
Opening prices to-day we're high TO-
the day IN MANY cases. principaIly in
Steel. BALDWIN. Distillors AMI some OF
considerable liquidation ~ investors
who have held IN. stock for months.
while every ATTEMPT at rally was
short lived. In the late trading, Dis
tiuers, which opened at IS IS. reacted
to IS S-I According 10 those who
should be informed, substantial hur NJ
orders will toe reached should the stock
rcccde further
OIL SHARES Feature
WITu ulUn RECORD
The sessions real feature WAS. fur
nishcd by Mexican petroleum. TcNas
Company, and Sinclair. tho former at
the year. and Texas a loo coming
within three-fourths Of the years TOP.
Petroleum nd Texas are well known.
the cause for the present strength Was
explained e; as realization by traders
with the rest OF the market
d. Buying OF tobacco products. especial
OF United Cigar stores; ii is said has
been good recently. with most Of the
selling for short account.
Accumulation of the Copper con-
iinued. Hide and Leather common re-
directors OF the companys board ny
an advance of twenty-five and one
eighth. California Petroleum preferred
in two years only tn" regular divi-
dend is expected 10 be declared at Fri
days meeting.
INTEREST IN RAIL
SHARES WAS Tagging
Interest in the rails Jagged. An
nounccmcnt OF the contract is now
expected this week. as Director-(icus-aI
s MSAd F;ro is known ovsr to hays ar9roye j,
General. New Haven was active. hu-
was off half point after opening at
While commission house opinfsn as
to the markets course is MIXED. the
wonderfully good war news notwith-
f sI,6e the following view by one
Mondays market, believe adj
vanced TOO fast. besides rejecting a
volume OF short covering. Apparently
price movements neglect the presence
or ticklish money situation and INC
Introduction OF a stup"udoUs tax bill N
Congress"
With the short interest con- Darativ..'v
small and the afore- mentioned factor.
omnipreseni, opinion in mauy Quart ers
forecasts duller sessions with irrcru-
lar price movements
NEW YORK. September 4-Mercsn.ue %.
sss11,, per cent Sterling siIty.day biz.
49,; eommerc!al s'1iy.day bills ,s-l de-
,fano A.oi7: ua5les. So 7jc9 Mexican rIf-
lars; rs: government tonds frtn r.il-,tt
n nGnos nIIn Tt'ne loans strong sixty ana
ninety DAYS and six months p.- ,.r.
Cal! money firm. ruling rates 6 per corr