The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-01-26
|SAORI COVERING AGAIN
BOOSTS STOCK PAGES

New York. Jan. Recovering os
&hort contracts in the industriai list
and restoration OF confidence In tbs
railroad liss closed the stock market
net higher today In nearly every Issue.
The volume Of trading. however, was
slight. eetns confined aimcst entire
II to professional operations. Peace
talk persisted even In the face OF the
Ven Hertling address. The close was
~ beet prices ta most lss0ee.
President Wilson's appointment OF
H. r. seetsinius az head ~ the pur-
chasing department Of the military
emts hlishrnent was accepted by the
Street as q complete answer TO all tn"
criticism in congress stettluius IS
man OF wide experience, and II there
fhad been a war cabinet he would prob
ably have been at its head. so the
president has outplaye5 the politicians
THE nght in congress has ceased TO
be o stock market factor.
TNs railroad Legislation has also
ceased to be a great factor although q
IN bound 40 exercise a mild infucnas
fer q Tina In order TO give this isg
fstaticn any great Importance from "a
stock market point OF view II would be
necessary to tunA Eine that the r. vern~
snsnt had Intended 20 be dishonest with
the railroads. Nobody really believes
that
The mart loan and The big drive IN
Frames are now the leading stock mar
kat factors. Secretary AeAdoo APP
peaieH TO congress for prompt action
"a shs railroad bill IN order that the
people might knew the sire OF their In
comes ana thus be able 90 buy liberty
bends. The same argument applies
to the United States steel dividend
Because Of the bond situation @n ef-
<ert' In making on the part Of some
Interests in both National EnsIneiin &
and American Beet Sugar to have ex-
ira dividends paid although the pres
ent sentiment OF the directors -
against anything OF the kind.
Corn Products announced today that
IL would make ne report for the fourth
quarter of It's year. but would include
that quarter in the Anal report to bs
made In March
Announcement today that the desl
fer, safe of International Mercantile
Marine ships TO British Hy0dicate
was stiii on wAs accepted ey the street
as simply additional evidence that ail
the directors had not been able yet
to cell the speculative stock they
picked up The British option has a
Ga to run.
Tobacco stocks are being ptcke up
by in siders again and partlcular'y To-
oacce Products, which is understood IN
have purchased another company maxi
ing a popular brand OF ctgsretts*-
Booth Ftsheries has suddenly become
active and pool is working m the
theory that nfeatiess days are causins
the public TO eat fsh.
rittsburx and West Virginia Nor
felix snA Western and ChesAp SAFE AM
Ohio stocks are particularly favored
by bankers who behave that the d.
version from New York to baltimore
and Norfolk OF great numbers OF '2ear
steame-e will furnish great 'nereas'
OF business for those lines, all OF which
- much interested in the Goa
business.
Dc moving more freely tonight
more strikes are reported In Contra
Europe and the clearing UP OF disputes
regarding the American army lead pro
feasionals to believe that more Eoot
news than bad NAV develop over th'
holidays and therefore the shorts Hr'
covering.