Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-11-09
STOCKS WERE IRREGULAR
At CLOSE OF THE MARKET
Many Of Them Experienced Rather
Violent Fluctuations in the
Course OF the Day.
FORCED TO REFUSE ORDERS
Demand for Securities Was Far
Greater Than Brokers CouId Sup
ply and Still Remain Within
Limits Fixed by Governors.
BY nRoADAN WALL.

NEW YORK. November s.-Stocks
but many of them had rather violent
fluctuations in the course OF the day.
nmnns the most active ones were
Mexican Petroleum. Southern Pacific,
Baldwin, the tobacco shares and vii
son Packing Company stock.
Stocks were In greater demand than
me actual transactions indicated. for
fuse orders because by taking them
they would have exceeded the limits
liked for them by The stock ,exrhange
to stay below the volume OF business
on their books on SepteInbcr lG.
More important than actual prices
yeloped out Of the money committee
order to brokers to return TO the loan
easis Of September 10. This order
hurts houses that happened To be act
, but rewards those houses which on
that day exceeded their usual limits.
plant. and efforts are making to have
/ the exchange modify the order
Strength OF wilson stoc:t is hased
s Sau,a s hene1 mat 49,, the companN VII d."
been current, but IT can be said that
ne e ;one plan has has, been adop,sd yet
few days has been by professionals.
I who propose TO celebrate what they
expect To be "a favorable decision by
The Supreme Court Of Mexico in regard
%
They started TO do this In Mexican
Petroleum. bat the stock was too yaIu-
i able, and ran away from them. Be
sides. there is not enough OF IL avail
[ able for n good trading market, and
! a corner might easily develop. with
! southern Pacific there is no danger Of
q corner, and the intrinsic value OF
The stock Is such as TO Justify consld-
cradle market activity.
AMERICAN CAN SHARES
ATTRACTING ATTENTION
Attention is being directed 10 Aineri-
1 can Can, which has not "a, any time
I celebrated It's war profits in the mar
meI TINS company has put away such
LIBERAL reserves that II nigh, easily
eeStn dividends OF the common stocI,
next year, even though so per cent o..
1 US war prohis must be paid 10 the
s sSvsrn In congestion with the
| the merger talk.
1 Careful market observers do no, be-
two days represent the real puhiic
sentiment regarding peace. The req
Ion is Ihat 70 many 1eu-imtormed
/ bankers knew early OH Thursday NJ
ternoon that tho armistice had not ba..n
K Nshed, ana they therefore held bac
.kvo STOCKS 'hat would have gone
9.nciai announcement In addition 10
This there IL the restrictive policy ~
|! regard 70 loans. v hich conpcls most
Jof the high-g grade houses tn rem ~
X business except for cash because tncy
L nave reached the limit allowed tor tiI.ir
cans. Most Of the activity has been
~ houses wherc professional traders
were willing TO sell one SGT OF STOCKS
IN oToer 10 get money for purchases
W otnef issues this fnancing them
serves. The real test OF the m.rkci
VIII come when President Wilson an
nounGes the end OF the war. and then
II is believed that the money con,,ni,4
zee WI ma itself facing Il tremenaoIts
NEM YORK. November s-Mercun.I... ,,
per. o Sterling s:x,y-day bills si7s; com
ihe1c:ai sihty-day bill on Tanks &. -
,9mmeTciai SHY day bills. si0E. d-msnI
fNttS; cables, Si.'G. Fine loans strnnp
LNslI money strong. ruling rate it..nE -