Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-28
STOCK MARKET IS TRUE
TO PROFESSIONAL FORM
notwithstanding Rcactionary Move
mcnt, However, New High
RCcUrdS We're Made.
loans PASS BILLION MARK
iohacco Products Securities Sourcd
gh Rumors of Rights Soon to BE
Givcn Stockholders In Connection
with Foreign Trading.
ny pROADAN WALL.

NEW YORK, May 21.-Tnc stock
.lIrkct WAS true to professional form
,odsy. for It was Tuesday and there
vas reaction. In spite OF tho rC,c
lI"hary movement new high records
were made in large number ot is
I sues. n the late trading prices started
up again and the close was firm. Con-
| .iici ~ The remarkable advance OF
nc last few days the reaction was al
most nothing II did not discourage
,tadeFs' ana The public holds on to
icing Tuesday. the market would
nave reacted anyhow. but in search
! Ior an eYcnSc tho pcssimistic talk of
Pre"iiden1 Nsndcrlip. Of the city Bank
on European conditions was brought
iorth Mr. Nandcrlip has been talk
ihS 'nhl way ever since the war
started four years ago. He is an I'LL
IN high esteem by theoretical ccono-
nist Hut II !s n matter OF record that
MS theories have not Tailed with de-
trying TO prcvcn, imitation, which is
very Iaudable thing on his part. but an
1u po>sihllity Imitation comes with
tNcFy great war as a matter or course
- q. much TO be deplored as the other
put facts are facts. The stock mar
sss JGst now is dealing with tho fac,
~ initiation. and not with tho theory
., What NAY ultimately come out Of
tho mess IN Europe.
Wall Street Ionns Large.
haze passed the billion dollar mark
must be considered in the light of
, N and no, IN the light of pre-
more currency aud credit in circula-
ton now ,han there was when loans
mefe Sl0o9cVo,oco in the previous mar
IF%clted over Tho market is 50 broad
ana purchasers are so we'll margincd
ana so much new money is coming into
- every day that II viii take a tiisat-
| m rh.
me advance anywhere in the near
! !u.ufe. OF course In time II will run
mo beautiful panic, and that panic
VII 30 as much larger and rs much
more tumcl,uous than previous ono.
IS tne trading ~ larger. Blu, at The
~, mere u no GAUGE for alarm
me crack VII probably come withou,
Inc slightest warning II Thursday
misht can be reached without trouble
a. r"huay should see the greatest
na4 OF tfa"ing In the history OF the
stock exchange
,. Food stocks were all strong. partlcu-
iariy United States Food rroducts.
California Packing A''
Tobacco rrodurts' New Record.
:, paceo nroducts established "A new
hlsh record OF rumors OF "riShts' soon
10 be given to Stockholders i'm con-
ncct:on with the American foreign
,o CORPORATION, which has Just
,ss , oJsnn'@tI TO develop business in
.nt oI!ent' THIS new concern is a
[tiuos!cia:y OF Tobacco Products and is
nc htsi company o. its kind 20 be
loF'hea b! American capitalists Il
opens new field o: enterprise that
promises 70 be extremely profitable
United States Rubber was put to
4 N" new high record price o. ITO.
Thu buying OF rubber BY du pom. in
terests is said 20 be responsible Tor
th.S. II wss also discovered ycster-
DAY that TWO OF the wcll-known plurc-
.rs o! wa! street have been accumu.
!aing rubber on large scale.
southern Pacific broke away from
restraining influences and Win an ad-
vance OF L. points went into new
h!Gh territory with suddenness that
led tho street TO believe the OIL case
had been decided