The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-07-13
WALL STREET SELLING
SETTLES DOWN AGAIN

New York, July l2~-Soher SECOND
thought oufeted the stock market TO-
fAy as the real leaders realized the ltn :
portanee Of keeping firm grip on VIZ w,
situation The ida Of pubic tecotu
being made of every purchase and SAFE
an ,ha exchange whether for long or
short account is not popular Al the
Same fine the real Wall street which
hss made good in the mana cement OF
war activities would resort 10 'H"'
rather than have its p@-~on rePd"
tstion-rinjured by irresponsible speSu"
taters This tS no time Tor sehsH
tieraiisn, I'm trading It ia A time Whe"
every man in responsible pos'''o',
should be able to accept for every woro
ara action as we'll as for every pur-
chase and sale II is only FAR that
the government EXPECT him to he able
TO do SO.
Th-efore none II the crazy selling
that characterized Thursdays session
vas seen today There was some
Incubation as a natural result or what
vas done YESTERDAY, hut before the
close todsy the market MAS gotten hh :
der complete control As matter OF
sart II came under control aufoFnat
caliy the moment the disturbing inhu-
.wces were r7sde 20 rea1fze tnh' theE
we're creating havoc.
Discussion 81 values was heard, sen :.
ttrrent gaining school place several
fssu~s were taken In hand vigorously
~ FOR Instance United States Rubber.
Baldwin. suratrs, Brooklyn Rapid
Transit. international Nickel ana DIS"
filters Securities Steel WAS relatively
auiet less thsn $4,000 shares ne'hg
traded in
s.~@rrth ~ Rubber wss based on
rablfc knowledge that the demand Tor
the corrsrx's product Will be greater
than it's ability to supply the material
II makes little difference 80 that com
nHrv whether the autom obile business
EXPANDS in the direction Of passenger
ears or trucks for var work. All VIII
need tires Kelly Springfield rose
more than = point IN few transac-
tihr* Automobile stocks while quiet
he1d FRI, and no relief was IN sight
for General Motors shorts.
Rur71or went 50 far as To saw that
the Dtstillers Corporation might hqui-
date in tie event ~ no re-drE proh'-
hitfon being made = fact. Nothing OF
the kind has ever been contemplated
In regard to Malt bankers feel that
the pnol that Is planning liquidation
should LET all the common stock snare
In the assets Of the company instead 0t
taking IN only enough 70 make Nquida-
ton legally nosstbie The best senti-
raent fayors the calling Of special
stockholders meeting at which all
cemman and all the preferred would
rake mutual concessions whereby ali
would rrof1t and the affairs Of the con-
Germ he wound UP quickly before the
assets are dissipated.
American International stockholders
are likely to get some cheerful news
in the near future for work on the
government ships Is progressing so
rapidly that there is no longer any
doubt that the company VIII he abb"
10 launch iSo vessels in the twelve
months beGinnipg August / Such a
performance has never been imagined
before and It cannot help but put the
company high in the estimation OF the
investing public. It's affairs in China
are not in n happy state. but even
there the outlook ia for ultimate sue
cess
Bankers are looking forward with
confidence TO the signing 81 the rail-
insa contracts believing that the rail-
roads are going TO act a square deal
as q result of long negotiations.