The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-10-08
DISPLAY STRENGTH
IN SILVER ISSUES
tny BRoAnA~ WALL,

New York Oct 5.--Another day OF
buoyancy was seen in the. stock
market. with net gains running all
the way from one roiut or two up to
ten. Specialties we're conspicuous,
hut careful analysis Of the market
dlscloses the fact that standard
ISSUES contributed much 10 thu days
strength.
Most % the stocks that advanced
were induTtrials but that Was in ac-
cordance with the fitness OF things.
The induetriais are the only, safe In
-vestments nowadays. Some & o o Il
buying WAS seen IN the rail Hist. but
only IN a few stocks where there
are industrial reasons for optimism.
Thus. for instance, Central of New
Jersey was up "a points, hut that Is
really n coal company with the rail
road as side issue
The big stocks OF the day were
Mexican Petroleum. American. wool
on. Baldwin, Worthington Pump.
United States Industrial Alcohol.
Stromberg Carhuretor. Sears Roe
buck. Jewel Tea preferred. Loose
Wiles and National Biscuit Fisher
Body and Emerson Brantinghan.
Several of these made ne~ high
,rscorss. otrs 10y ss, .e...-.,. .. .s...
President wilson's impro *
health was cheering influence. bat
IL Is not. likely tha. the presidents
condition. whether good or bad. can
have much more Influence on the
market. The shock Of his sr,dden ill.,
ness has forced the financial world
10 protect itself Under AL clrcum-
stances Probably the most powerful
factor at the moment Is the expccta-
5tfss that she supreme caurt WILL res
fuse to reverse itself in regard to
the taxihiiltv of stock dividends
OIL stocks continued their ad-
vance under leadership Off Mexican
Petroleum, which sold up to the new
high record of $40. 1t reacted In
to the close II Is evident that there
is some important development COM
ing In this stock.
The tire stocks were all strong,
Kelly Springfield making a new high
record at 1s2. Fisk Rubber and
United States Rubber were we'll
bought. The automobile situation is
such that investors are taking. both
motor and rubber stocks with conf
dence.
Stocks If corranics having chain
stores were another feature OF
strength. In Jewel Tea there has
been good buying for several weeks.
The rise In the preferred stock to-
tiav was probably due to the driving
out OF a short interest Loose Wiies
and National Biscuit surprised the
street by sharr advances on light
volume Of business For the ad :
vance OF American wouien today no
other reason was given than tho
/ large earnings Tho same apniics to
worthinEton- Pump. Some OF those
specialties have been hold down by
matn force,
There has hecn Some liquidation
in United States steel stocks by In
siders who say that while the strike
is a failure. 1t has caused some seri-
Gus Losses to the company
Their selling. however. is oAly
for turn. They believe absolutely
In tho Investment feature of tho
stock
Persistent buying of Ohio Cities
Gas has been noticed for several
months. There Is no doubt that con-
troll of the company Ia to change. II
ia most likely that the Sinclair Cor
poration will be found IN control.
limo money Was reen again for a
few call loans but funds are plenti-
full and now that the peak OF the
crop moving season II over bankers
will have difficulty In nndins any ex-
cuse for refusing liberal accommo-
dations to tho stock market.
Stock Of the ArEonnut Salvage
corporation viii make lts appearance
on the curb market tomorrow, This
Is the company organized by Simon
Lake. the submarine inventor, to
salvage sunken cnrgoes ana veseels
by use of a submarine attached TO q
barge,
| In the mining list today general
strength was displayed, particularly
in the silver issues,