Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-11-19
REAL L|QU|DAT|0Ns TAKE
PLACE IN WALL Street
In Most Cases Sales We're of Hold
ings Of Small Followers OF
big Insiders.
NOT UP 10 ADVERTISEMENT
Much Exploited Bull Market Oh
inils Balls to Move on Schedule,
fubItc Sore Over Losses In Lust
Weeks Break.
ny BnOADAN WALL.


New YORK. Nov. lS.--Iteai iiqu!da-
,i9n took place today in some. special;
rs where the previous declines mad
selling only C-ucibic especially 'suf-
Jared in this way. the stock showing
gross decline Of 80 i2 points at ono
others in which there vas iiluda-
ton were Republic Studebaker. Cen
nc liquidation was for the account
OF small followers Of big insiders. but
II was sufficient TO cause sharp breaks
in the quotations.
Tho market closed a, abou, the
lowest OF the day, weak and active
foreign exchanges at the lowest prices
on record.
Not Up to Advertisement.
The mucn advertised bull narkc: in
tho railroads docs not seem TO start,
By some freak OF reasoning the in
ISrss,s t Ia, caused d1 the break in The
public could bc induced to bay rail-
road stocks The public is sore and
troken and refuses TO got into a new
II is quite possible ina, bulls viii,
nav" 10 wait FOR weeks before a fresh
movement upward can be gotten under
tare;hl INVESTIGATION today disclosed
nc tacl that the short interest is very
t",Sc' ana that IL is not outstanding
Tor the accoln; OF mere speculate
Soino o: the most important interests
OF the stree are short o! stocks.
In me orucibl", group ON tho En-
t"ck was coming into the market. and
mat the decline OF prices was really
In resa rl'a tn &septa vIrS mum
Haa Haid that there WAS accumulation,
bat /, SO no professional traders APP
JARED TO compete with the investors
." no wanted the stock.
Nest OF StOp-L~ss Orders.
Thcy got IT easily at falling prices.
INC. stock broke through Io5.
Early in the day great strength was
,oe rose ~ poin,s bt son % ,
aternoop wacn the market turned
weak Marine. preferred was also ono
al tho strong issues in the carly trad
ing. cerro dc rasco rose rather sharp
" in expectation Of "a favorable state
,nen, 10 be put out on ono OF tho
tckers TIc favorable character o.
This however had apparently been dis
couuted b. some body who took profits
about the time o! its appearance:
silver and as silver metal established
another new high record IN London
today II was only natu:a! to expect
THAT this stock would preform We'll.
rs II VA Ccrro u. pasco closed at
The lowest OF the day with loss OF
'hres points from tao hign o. the
morning.
Fear Trouble WITH Mexico.
Expectation OF trouble IN Mexico
.,lso had n depressing influence on
the market. and IL was that as mitch
az anything else tina, caused the heavi-
ncs- OF southern Pacific. southern
Pacific declined more than FIVE points
and this was all the moro disturbing
because II came after sha-p de-
cline Yesterday. In the afternoon
Southern Pacific held steadily, and tho
asst few minutes OF trading Il was
The mos; active disturbing feature Oh
The LIST
Tiu; It was United States steel that
WCr!!ci the Street worst. This stocl:
las been held steady through tho re-
cent disturbances. Today the selling
il il was excellent aud continued M
TO the close o: the day with a cc:-
is.Uty that seemed to Indicate taat
the selling came from strong. interests.
Tar cost OF the strike added 10 the
,urtA lment Of business made ncccs-
Sary W the reduced output OF coal. is
sure 70 give the steel corporation a
poor report for the last quarter OF the
year.
In connection with the return OF the
ra llroads 10 the owners on january
q Il l. rumorcd that some OF the sys-
tens may change their plan OF mold
Ing subsidiary companies,