Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-02-19
MARKET LIKELY TO DROP
WHEN HERTL|NC SPEAKS
Early Enactment Of War Finance
Bill Will Bring About Healthy
Imitation.
MILDER WEATHER HELPS
Coppcrs Neglected by Public-All
Stocks Show Strength on Wall
Street - Professionals Operating
Under Impression Peace Is Near.
ny upo>D>N WALL.

NEW YORK. February lS---A'l
rs,9ckSs wcrr strong ,o-da%. hYt i insd
erS. The pools very wisely Selcctcu
stocks in which the advances could be
Justified. such as Baldwin. Amrrican
rolot, CruCihlc and several OF the OIL
stocks. Strcugth was cumulative with
the greatest burst OF energy Just before
the close when new high records were
made OF the movement III all the icad-
crs.
owing 20 tho advance in :hc market
profes SIGNALS arc beginning to think u
reaction may be due, and they look
for Won llcrtlinc'S speech in reply to
president Wilson as y possible excuse.
IL he does not say anything that can
I've interpreted as peace talk much nf
the energy Will disappear from the
market. for there i no denying that
the pools arc operating with peace in
their minds. President WILSON'S sharp
statement to tho ship carpenters pleas
Cd WALL street for the street had been
Worrying q good deal over the lastly
with which the ship building situation
Mas being handled.
That tho market is almost entirely
professional WAS proved 10y its action
from the very opening. In several of
fees customers were notified what
stocks would he most active. and III"
stocks named in dominating offices were
the ones that actually did move. Eald-
win has been in hands Of Il pool for
several weeks, but about two weeks
ago the public was taken into the con
.fidencc Of those handling tho stock.
Very few accepted the invitation. but
they are COW climbing aboard, realizing
that even now the stock is extremely
cheap.
Reports from Washington indicated
carly passage OF the war finance bill.
: authorizing The Secretary OF the Treas
-ury to supply funds for corporations
having obligations mature in 1918. This
is the law that will bring about healthy
imitation OF tho Cnrrcncy--an imitation
that the dominating Influences in the
stock market do not fear. but which
must result in higher quotations for all
securities barring some terrible diGaS-
ter in Europe
Milder weather was a powerful con
s,rnctive influence. Annual rcrorts OF
many corporations have been publish
ed confirming previous statements
which seemed too good to be believed
uiitil put in Official shape.
American Can was being accumulated
to-day by "A Broadway house, that, in
tho past had had good deal TO do
With this issue.
There has also been accumulation OF
Hallway steel Strings, steel Foundrics.
Crucihlc. Chevrolet, United Motors,
Mexican Petroleum. Shelters ana Ana
conGa and Inspiration. The coppcrs
have been neglected by tho public. but
the Insiders have been quietly gather
ing them in. for come. rcacc OF war,
thcy arc statistiCally far below their
proper levels in the market
nor, 81. q s3, Sterling: siN,y-day hiis s+.,5t.:
comrcrcia! six,>-lav bills on hank. si..;
st.,ii- cables S;1s 10: bar silver S5.s;
mexican dollars, IS. government bonds.
s,,r%ne ratjrSad nonas. strong, Time ,ioan,;
months. lid. call money, firm; ruling