The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-10-09
flCANTIlE MARINE
Flv0R|TE IN MARKET

New York. Oct s--with tho excep-
tea Of Mercantile Marine. preferred.
md Americ~n Telephone, the stock
|, without inportAnt changes in any
& tpaues- Steel stocks. gave better &C
count Of thsmssivef THAI on the pre-
vaoss AAyA The public utilities ware
4 AL steady and the rails held nrfn-
There vas evidence OF further aceunu-
lAtion OF American International stock
4 IebAeccs were not materially anecteo
/ " the arrest OF few cigar men who
Are accused by the government OF
manipulating prices Of leaf tobacco,
Mercantile Marine Was Influenced by
she report that the directors at their
meeting in the afternoon would make
official announcement OF the plan for
the sale OF ships held under the British
Gag ana the purchase Of new ones
under the American. Nothing official
Rad nemA however when the market
closed and trader. who bought the
stock in the morning took prohts in
+Ae aaAs hour ,Aeresy shading the price
--sA-eA tine 4asiF & th@- A= - .-
uc "a points.
Wall street does not expect Marine
10 rag anything on the back dividends
i. tie SHAPE Of cash. tire reason being
shat sn order to avoid federal taxes
atsnee received from the British sh rs
wfst Re r~4nvest~d N American ship.
vi is anser.tsed that optlons have been
i.ker or ssios nn4 under construction
ssestvsry 10 be made At Ire close Of the
~.Ar.
NAL street WAS rot 50 sure TODAY
that T. s steel Is A war stock and
I thsrefore coed suvlng came into the
.nArket tbs a}So ENCOURAGED stock
,sc.d4rs q. amertcan steel Fenndrles
Nne Railway StesI springs both ~
wh,fa companies rose rather sharply
4 These tao companies as well as y
ssfas. tive hook values tar n excess
a. thar market prices and are looked
upon ~ investors as ideals in the way
o. good management and assets
IA xsAttstician who has distn Enisheo
himself or other occasions by urging
n~rrl< TO tiouidste their stocks was
pus sara4n TO-DAY with advice to hold
Z aefhinS out rails and pubic service Vs.
6seas THIS ADVICE may he justtAed per
\ hAas sYern his individual point OF view
4 Nut g-ra;riatic investors @tii not dump
aay American stocks overheard on
I tHraiy technical Arguments history
i isYvves that every war has been fol~
/ HOOD nv an Industrial boom and there
3 ~ ~ reason why this one should not
i A4sA he followed,
s5s. Advancement from Washington that
xAe tax on @htskey on the new tax hh'
Il Noti1 BE- reduced from ~ to 'eso
&Atina caused Some huyins of pistll-
l&sA* -rnck There has been No excuse
4 bas sailing the stock
AAvane. Of Anerican Telephone
h esxrt - ne~ high price for this
sso~srn~rt is logical result of the
} Skr &erent made between the compa ny
sHd tn. government
y = --tsuy tthersy Bond'---
New YORK Cotton Market.
~ ~ HrF.
L tnp Were free TO-DAY and the marke'
litter showing hrmness in the forenoon
h AroRe sharply into new low grount
4 Ia.r the movement The decline va
accom- na MED by reports OF larger spo
offerings and OF the favorable progress
n ~ tate cotton The South. however
3 tsrst;s mt as well as sold here. CLOSING
Is t.rif~bk we're barely steady at net De
csire OF So TO 12o points
The exports for the day were S4,oe
Mates
SHOT at New orleans was quiet VITA
r,iddling unchanged at 20 63c' the sa le'
I w4res iss bales. Spot here was quiet a
=. soo. ,h.racars no sales
Buy Liberty Honds--
New York Curb.
Close
Il h6e Aetna sdFas
sne Chevrolet. I2aul3t
tsan f.ugted Motors 81 l. n 81 :.
.sno Anglo American OIL. "a Is =.
sonn rosder OIL s6fA
aen Federal OIL sn2is
ION Int Petroleum f@ta 1l&
s ~ sAA Mrt Petrol ~ a J..
sao yfnto,t. Ell new 90. rs
-no A.la.ta. So
gao R4g, M4aGes..IS-iG9 T.
Il t4Nns .ostrn Montana. 42a4G
AI xAa f-a4a-nst arS Jerome ais n ~
son cons Arizona. lSt1il1-ls.
4, ano t-,,,,e Verde Nh
sne Jurnho Extension sGfn
san xrE{rlev parraeh 4en4I
Il, ..n A,n.r oae s26Ies
snn success 11aie
AAa Tn,o,,ah Extension, -.
Inv Liberty Bord.-