Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-07-23
FREE SELLING OF STOCKS
CAUSES BAD IMPRESSION
bargains TO BE Had in Case Our
Troops Meet With Military
~, Reverse.
INVESTORS SAVE THE MARKET
News From Battle Front Encourag-
ing-Ncw Sentiment Develops in
Regard TO RailwayS-Figurcs AL
legged to BE Misleading.
ny RRoADAN NALL

NEW YORK. July 22.--Roser w
bapson succeeded in bringing about a
heavy selling movement in the stock
market to-day. He, advised everybody
70 take advantage OF the enthusiasm
caused by the good Mar news ana take
Profits on all industrial and copper
stocks. He named list OF stocks to
:. be sold. and as he has a; times been
correct in his market forecasts his
many houses.
AS the stocks named hy Eabson were
caused by his letter gave a false i'm
preston that something was wrong.
SO the shSet VS. the same as il a
was disturbed and the list suffered
during me entire session.
Jesse LlNermore, apologies OF this
sport and risk your own money when
yoH do things in The market.
STOCK market VIII be easy TO handle.
When our, boys are winning. sell
and agony. Then if pcrchance our
heroes meet reverse 1t will furnish
splendid opportunity TO pick UP bar
VII! nave their satisfying features. 1t
WIN make stock jobbers more glad TO
strain their sorrow in defeat.
investors who do not care TO deal in
bloodshed, and who believe in keeping
the home fires burning till the boys
to-day: so the market did not de-
Eelop into the rout that early sellers
News from the battle front was en-
couragins. to all real Americans. and
instead OF causing them to sell il in
sspir"d them with a desire to prove 10
the men Ut the front that the good
people at home are standing firm in
the.r absence. Hundreds of thousands
or soldiers have their fortunes tied ur
IN the stock market directly and in
directly. and nothing Will unnerv.
more victories they win the more their
fortunes ill be attacked and worn
down by the slackers At home. So
PATRIOTS bankers urged their people to
stand frm
So intense was popular Indignation
IN regard 10 the Babson coups tina; litilc
attention was paid To other factors
Reports from Washington in regard
10 taxes did not differ from those cur
rent tor several days. Crop news was
about the same.
Only in regard to railroads was there
any new sentiment. Whether II is de-
nberate or merely accidental. il is a
iact that the public is getting the
thori!ies believe the railroad companies
padded their earning figures for tho
tnree years on which lease figures are
TO be based. 1t is no secret that in
siders sold out. The writer of this
column has asked comparative lists
and has been denied because the show
Ing would be so bad for directors and
rich men IL the government has dis
covered 10 be true, what the public
only suspects. then the public may be
yet facing very heavy losses in rail
road Investments. The writer of this
column has believed railroad stocks
10 he very cheap. but IL the figures are
AS false as the Governmnt is leadin:
ihe public TO suspect then u mistake
, has been made.
NO DELIBERATE FALSIFYING
OF RECORDS CHARGED
1t must not be understood that there
mas been any deliberate falsifvinp OF
nEureS as such. but il cash has been
carried TO prort that should have been
expended Tor up-heep. then the net
earnings have ben padded TO just that
extent. II Is certain that has not been
done by some OF the lines bu, if even
one should be proved guilty ii would
SO the speculative outlook for rho
,aiis is not good until there is some
uehnite official statement on This poinr
signing of the railroad Coniracis
would dlspel much of the doubt
NEw YORK. July 22-Mercan,il. psner,
ipnr months 6! six months, :. sterling
i SHE Gays, ~ commercial SIXTY day
S Siiiis on h%snks. N72' commercial sixty.dHy
oiits' t'H# demand. s. - 5-I6. cables, 81 -
.,,s; par siives. 9s3s; Mexican dollars. Il.
easy "''"S'
lon