Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-06-23
STOCKS CLOSE STRONG,
WITH MATERIAL GAINS
United States Steel Proves Leading
Issue, With Several Others
Following Closely.
Liberal BUYING IN RAILS
Official Announcement of TransatIan-
tic Flight Helps Sentiment on In
change Materially Because II
Proves Wonderful Advance
Liberal BUYING IN RAILS
BY HI,OAnNN WALL.

NEW YORK June 22.-stocl<s closed strong
!" DAY; win material net gains recorded II,
states steel was tho leader throughout he
tnorminc. with United Cigar stores. baldwin.
sto"Ns Attracting most attention. There was
, az. good buying apparent in The rails. with
TIVE. This market condition was not due
TO any news DEVELOPMENT, hut was a result
valled s'0'' ''""''''"S '""' pre-
Official continuation OF the announcement
nigh, has helped sentiment materially bc.
cause u, proves the WONDERFUL advance that
rho iinnortanco OF this iign, lies not ,'' 20
much In th" fact hat tho planes viii be
viii be able To ry over Berlin and bring
The war TO German homes II has been
washinsioa put Grea, &or,hern ' Ore eer;i:
perhaps bocausc OF the end FOR the moment
"f tho discussion rcgard!ng prices, ,Th" steel
The only chang that seemed possible wa
s,-s ds,, ,s A. mis- wss no, made the
BALDWIN ADVANCES
AT i:Ir;;:;:;T OF SHORTS
Baliwin's advance was largely a, tho OK
psnse OF short in,erss, as was also The
stocks moved up about tho same number OF
pointa and wore handled by the same SGT
OF brokers II Is generally believed that
tho same nnarcicrs arc mack OF both of them
In both c@mra"ies there are assets and or
deTs for future business that make short
sales a perilous undertaking
70, The adyance IN Tinted cir9r stores
~" truth viii probably prov" to To that
han iheS ar '%f ncb " ha sg
was 20 points higher than at present, Some
"a. ~ 'here Viii haEc to be extra dtsirihu,
oiftcial warrant for saying any is planned
PLAN 70 WIPE OUT
ACCUMULATED INTEREST
ia. no, m
and preferred. were strong and tho belief
nSrsisis that financial plan WI be PVT
dend the preferred stock One o: tho
mes responsihle lnt"rss,s "a the c3inPany
speculative interests arc lrIn. Thcy insist
bat ,h"y III mae such showing that
The buying OF Wabash and other railroad
iofE Of MN hs' mia iss1 !. sSod ard eassa
have a"incthing In which IN. fronts may
ns lonE ~ an@,",tms IN ofa"r ma w a"inf
Of an Important sronp Of banker rha, the
cud Of tho war Is IN sight. and tina, it IS
Witch Wall Stree, VIII unIonh,chly ccl.brat.
WHOM the ftct becomes matter OF common
knowledge.
standard tssass and buiiiSh ao,ty,y by pools
N some ~ the NOR" yoiatii. shares account
aty at,Sr IT, unrar,s!n M o sS' uSi,od
states s'"el advanced to within q fraction or
United Cigars Tobacco Products. Hide and
L-ath"r Industrial Alcohol and Columbia
Gas wer" 10 almost poir;s higher 81
their best above yesterdays close. Atlantic
coast Line closed At An advance o: almost
< fcw 81 tho low grade western ard
Snu1hwesrcrr rails woro also froctiCnaiS
higher
Actual loans aecreascA almost .:lsl,c2ocoo
net demand deposits about SiJn,Jo go reserve
Of clearing house iHeTeers tn tho Federal
reserve BANK contracted So. 90 90 uud eN-
crss reserves were reduced by bout 80.
D"fo' Bond, steady: virtually al tho trad
ing confined 70 Liberty issues Total sales
per value aggregated $4,000
old United STATE bonds advanced >. 10 =
rcI dent cal! during the week.
new YORK. Juno Mercantile paper
four months and six months. per cent.
sterling. sixty bills. si7g's: commercial
siN'y day hills banks. sac: commercial
SiSty.day bills, E7lh demand. SiI5 5-IG
cables Si1: ls Bar silver. 49,; Mexican
dollars, - Gorcrnmcnt bonds. nrm. railroad
bonds, steady.