Evening star., 1918-07-21
LATEST WALL STREET NEWS

NEW YORK. July 2o.-The two
sided character of the stock market
was the topic of more or less dis
cussion late in the afternoon and after
the close of business. 1t was rumored
that large interests and probably the
small number of SPECTATORS who
bought stocks at the low prices sold
freely on the, further early advance.
The sinking OF the Carpathia was
referred to as lamentable and de-
plorable incident. but not as the prin-
cipal cause of the setback in prices.
1t was recalled that this was the
ship which brought into New York
the majority OF the survivors of the
Titanic that struck n huge iceberg
and sunk with great loss of life on
her maiden voyage from Liverpool to
the United States.
Really the biggest news Of the day
did not come out until an hour after
the closing of the stock exchange.
when official announcement was made
that In yesterdays engagements the
French took $4,000 prisoners and some
fifty guns.
/ If money were more abundant and
IL such huge sums were not needed to
prosecute the war it is believed that
with a continuance of victories IKE
those of the last few days 1t would be
impossible to hold the stock market
IN check. 1t is asserted that the en-
thusiasm of Americans would be so
great that they would buy stocks
regardless of the rates for money.
1t is not SO much a question OF
rates. in reality as ii is the actual
supply OF funds available for specu-
lative purposes.
Little was heard regarding the par.
ticular speculative possibilities of in
dividual issues. There were no an
nouncements regarding the affairs OF
the different companies that could be
construed as bullish or bearish fac
tors. The one great outstanding fac
tor was the wal news, and spectators
were about as much inclined to bus
one of the leading Industrial issues
as they were another.
There was still an absence of in
terest in railroad stocks, but it was
pointed out that as long as the con
tract with the government hangs nre
this must be expected.
There was a continued quiet demand
for railroad as well as industrial
bonds-New York News Bureau.
NEW YORK. July 20.-Except in
the instance of a few speciality issues
which exhibited considerable
strength, the market was somewhat
hesitant and fluctuations in the major
portion Of the list meaningless. What
war news was received indicated
further successes of the Franco
American forces. but over the week
end there seemed to be a disposition
among the trading element to ever
up commitments. The street is much
impressed by the recent occurrences
on the European battle fronts, and q
more cheerful feeling over ultimate
results has been fostered. However
other factors of domestic sort are
being duly considered and to some
extent retard stronger bullish efforts
in the security market.
These factors are the money situa-
ton. where rather stif rates continue
to prevail. and the indications that the
new revenue bill may contain some
rather heavy imposts on capital.
In lieu of the above 1t seems rather
reasonable to anticipate that the
; market. except for Independent ac-
tion of specially shares. will exhibit
rather irregular tendencies. although
a recurrence of favorable battle from
news may easily start another broad
buying movement in the general list
logan & Bryan.
NEW YORK. July 20-Dow-Jone.
say: "Inasmuch as the floating sup
ply of Industrial Alcohol is neces
sarily small tthe total common
shares being $4,000. .0o0}. it takes bu
little buying to cause sharp ad