The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-05-27
MARGIN ltC0UNTS
STRONGEST ON RECORDS

New York, May 2s.-Trading on the
New York stock exchange touched the
two million share marks today and
sensational advances were recorded
in sey eral issues.
Every department Of the market
was excited. The advances simply re-
corded the different degrees OF vi
tality in the various issues. Even the
railroads displayed b%ouyancy and that
under leadership of the old conserva-
tive Atch:sor which recorded an ad-
vance Of nearly four points.
New high records were too num-
erous t. mention. General Motors at
eos 1-2. United states Rubber at 107,
Studebaker at % rs. Chandler at 1911
"a, Y. S. Steel at 10a Ia. Tobacco
products at 96 and Southern Pacific at
no SIS with Atchison at 1903 "A were
A few NJ their. The markets closed
strong and active. several of the new
high records being. established in the
last five minutes of tradinvs.
Cotton also Joined in the wild ad-
vance, some options being up as much
as Sc a bale at one time. It is well
understood among we'll informed eco
nomists hat there will be a world
shortage of cotton for several years.
Silver was fractionally higher.
Money was easier. time funds being
obtainabIe at 5 IA on industrial COL
lateral. This ease of money was partly
dueto over-suhscription of the Victory
bonds.
Relief that tho Germans would sign
the treaty IN ediately was on of the
big arguments under the stock mar
Fet. The business cheerfulness dis
played by the steel men last week was
another incentive for. buying stocks.
With all the excitement in the mar
'ket brokers report margin accounts in
about the strongest conditions on rec
ord.
Here is the record of the leading
autor chile issres today:
General Motors. EOS Ia. up 10 To-;
Studehaker. SO IS. up 10 as: Max
we'll, as IL. I'm 2 1-e: White motors.
So. up . 7-S- =. s. Rubber, 1o7. up 4
IA; Kelly-Snringfeld. 12a, up s 3-4:
Chandler. 49, IA. up < ia: Pierce
Arrow. SO, M 4 SIS: Whilst Overland.
~ 1-2, M , "a: Chalmers, 15 "a. up
4: Goodrich, rs 7-s, up 4 Is: Stutz.
SIS, up 4 -.
AS a result OF these remarkable
advances which were made from fig
ures Already considered high, Wall
street was fuii tonight of mo of
a vast combination of motors.
wall street hears that a great many
American railroad shares are coming
from Germany In the near future.
There is evidence thai much OF the
selling OF Union Pacific, Southern Pa
cifc and Atch.son and other high
grade rails that held prices so low
recently was il anticipation OF the
arrival of German stocks after the
signature Of tho peace treaty,
1t was the increased price OF silver
that put the SHELTERS and Copper
stocks up. II steel is to revive, copper
must necessarily do SO.
I. S. Steel was the most Important
feature OF today's trading although
1t did not attract so much attention as
did some of the less important stocks.
IT has advanced about ten points from
the less important stocks. 1t has ad-
vanced about ten points from the low
figure level OF the day following the
reduction Of the dividend to the reg
ular five per cent rate. From that
day there has been steady sccumu,a-
ton for the account Of insiders be-
cause they could look ahead to bet
ter times IN n near future. That the
oil stocks wouid not be downed was
indicated when Texas and Pacific stock
rose nearly five points to a new high
record and was Joined by Pan-Ameri-
can. Texas. Caddo. and Mexican Pc
tro1eum.
The great Investment pool to be or
Fanized under auspices Of the United
States government has cheered wall
street tremendously.