Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-10-18
OCCUPATION OF OsTEND
MAKES MARKET BUOYANT
VII STOCKS Lead the Entiro list I'm
I'll Shelters and Coppers
Forge Ahead.
RAIL SECURITIES ARE STRONG
huhber and Tire Stocks, Tobaccos,
Electric Issues and Local Traction
ana Sugars Move Up Several Points
During Session,
nY nRoAnAx WALL

NEW YORK. October ii.-occupatioo
St 81 Jis'e n,a by the British navy gave the
Turing the entire session II was strong.
rHceept In the war Issues. Even these
neiu up better than the news would
se,m To Justify. Oil stocks we're lead.
rs again. but in the late trading Sinei-
ITS and the Coppers forged to the
,.ont. Announcemcrt that gaslcss sun
No. 80 IN ,he motors Rails were strong
nhdcr leadership of the standard issues.
nn|oDcr and tire stocks. tobuccos, cleo
,,,c issues. local fractions and sugars
81 bad break, as did also one or Two
speciaities. OF which Central Foundry
"as most conspicuous.
, bclief in an early surrender of the
i,uhS heiped the Liberty loan, thereby
n'N,ns unfounded tho fears express
eps ny p s9ns Of the anateur bond sell
beliei In an early victory is the
,IeaicSt incentive for buying the bonds,
necause. In addition TO the PATRIOTS
,Hnpulse mus stirred un. there Will be
- S:thsh interest In getting an issue
Mor,l' more than par. II the German
Iiap!re rs about To collapse. as the gen
m reports from Europe indicate. Then
Get speculation In Wall street.
ANOTHER market factor was adoption
"y ne Senat" of an amendment 20 the
.3A bill permitting taxpayers to deduct
net losses from their incomes. The Old
Awa were grossly unjust in tnis re
Snrh, as they pcnalized enterprise.
states who does not have some other
"VSincas than the one in which he is
.h,eny employed. And yet under the
INC Que business In which he listed
himself on the tan rolls could not tie
'aksn INTO account Such law was
Nhsch America il waging this war, and
nc senate amendment Ia therefore OF
Aast Importance not only To the stock
market, but 10 all America.
Abandonment ~ dny
also improved sentiment. because II
mehns that the country is in strong
'hape !rom gasoline poin, OF view
The encouragement In this is not linn
itcd 10 the auto trade although nat
uraliy II found lis hrst expression in
me sa>oltne stocks. There is no dan
sunday Viii be seriously abused. This
msy have been partly responsible Tor
mo rise Of Two points In Willys-uvcr-
price 70. the year. Maxwell responded
sharply. as did udcbuhcr and Gcnerai
Motors
While some are wondering at the
sharp advance OF MeNican Petroleum.
those who ar" familiar with the com
rany's assets are surprised at the con-
h,rNdtism nf It's advance. II moved up
moro than ten points again to-day TO
u new high level. but Il has not begun
10 discount the CONDITIONS Of peace.
letter times Ia Mexico were rcfi.c,-
81 also In the shnrp advance OF Amer
lean Smeltets. That stock rosa u.s.
and closed IT the top price. Its nctiv
ny was Responsible for sympaihetic
rise Of ~ points in Utah. three In
United States Smelling and 2lc In
anaconda. Chile Copper, which was
the one 10 show the first signs OF life
slime days ago, rose a point.
United states Steel Mas strong, for
the right peopie are accommodating II Ia
large uuantiti.A,
Inc same interests that made !. move
ment Ia New Maven several weeks ago
are hISI.G frec.y ugain
NEW YORK. october .--Merctnsilr ia
prr. four months. s: six month";. 6 Sterling
sixty day bills. tiis: yon.,nerriat a!Siv;Las
b.-. 3tI...; demand S&I5 i-li: cubles.
;, 7ti5 'rine loans strong: Sky Avs. nile
u days and r!N ma: ..s. y u!u. iavney
s,rung; ru!i.S RAE.