Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-08-13
ALL ACTIVE SECURITIES
. ARE ON UPWARD TREND
Locomotive, Automobile and Retail
Stores Stocks Prove Leaders on
New York Exchange.
SHARP ADVANCES ARE MADE
Baldwin Company's New Financing
I,olfcy Proves Matter Of Keen
Interestingly Give Three Shares
for One OF Old Issue.
RY RRoAnAN WALL

NEW YORK. August l2.-AlI stocks
s sna. were active today advanced In
very material. notably in Baldwin.
american Locomotive. ran-American.
ss, Stud, AK and Ret Retail stores In
In some OF the stocks that advanced
sharpiy IT was short interest being
punished. but the buying for invest,
ant.
The marke, opened firm, turned
in Baldwin and Retail stores. The
c'1s w,.S Was at about the best.
from the banks was expected TO make
call rates higher, but unusual strain
S ON the m, monsy market had deye,oped
much comfort from the official figures
published several days ago. showing
a' c ,hsrs has ben h' quite
been greater than justified by the cir
due.
Washington L-nrns Lesson.
II is the feeling of leading banking
interests tina, official Washington has
learned lesson from tho wild huc-
tuat'ons In the stock market last week.
! what Wall street shall do. This in
reference from Washington almost
caused a panic. and Il panic In wall
Street now would dernoralize general
business 70 such an extent az TO in
crease the cost OF living. /, is just as
,mpoortat, hat hat, there be an orderly
labor stop It's talk OF strikes. Full
speed ahead in all branches Of indus
Try " necessary.
.For The advance in Baldwin, wall
street heard tina; old story OF "a finan-
CIal plan Three shares Of new stock
FOR one OF tho old stock. no taxes will
have 20 DC paid and the company viii
be relieved Of tho embarrassing ncccs-
sly ~ explaining an increase in capt
To Open Stores In Europe.
According 10 report current in the
financial district. an important onical
OF the United Retail stores Corpora
non WI! SO 70 Europe in about week
cigar stores on the Continent. The
tobacco business In Europc is a gov
e ,us,.,n monopoly in France, Italy.
is not developed as in America. and
The 'ntroduct!on OF American brands
amrinS nc var has made Europe wan,
seems 10 be that il the governments
would open small tobacco shops pat
,rrned after, the Whelan Stores in
charge OF them. they would serve the
tnreetold PURPOSE q Increasing the
re, and furnishing Jobs FOR helpless
Eyery ,;me ran-Amer!can and Mex!-
as II did today Wall Street begins TO
talk OF developments 10 come, The
developments In the DohcHey oil Com
I pany. WHICH these TWO, stocks. repre-
sent. are no; in the future o-mu en- a :
/. In tho past. As stated In this coluIn n
on several occasions. the sfaressi Arc
selling within only II frnctionaof VIVA:
they are worth. provided a staple gov
eminent is established in Ne1lSo
Young Man Is Busy.
The lazy way FOR accounting fo-
STOCK market movements IS to blame
IL on some important operator, who is
Always pleased 10 see himself in !.nag!-
nary leadership of the market Just
now. however. IL does happen that a
nopuiar young man Is very busy
Heavy selling OF last week has been
traced TO his account. and ;hc prcsump-
ton IL tina, he made money Now IL
is said that nc has turned and is
working OF the long side OF the mar
ket aEatn II can also be said that;thc
so-cai!ed Waldorf crowd is heavily
short Of stocks. They arc somewhat
,chagTined a; the case with which they
are able 20 sell stocks and at the din
Guilty in getting them back.