Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-11-16
WALL STREET BROKERS
WATCH GRID CONTEST
AS Result, There Was a Marked
Failing on in Security
Deals.
INITIAL PRICES SHOW GAISs
In Last Hour Short Coverings Caused
Recovery In Many Instances, but
tho Close Was Irregular With Even
Division.
nv uuoADAN WALL.


NEW YORK, Nov. l5.-Bccause OF
me absence OF many brokers and Gus
toner's who were attending thc Yale.
Princeton football game. dealings IN
marked .aiiinE OFF. with irresularty
in price movements: AZ the opening
initial prices showed gains. but rcaiiz-
ing sales Ivy persons VINO had pur-
chased the sharp break. aided by
out the early advances and replaced
them with losses ranging from one 70
two points IN the standard shares. to
AS much AS six points in SpcCiaitics
In the last hour OF the session short
covering caused Il recovery in many
issues, but the close was irregular
with losses and gains about evenly
distributed throughout the list.
Advised 10 buy Rails.
Partners IN stock .Acnansc commits
sion houses were instructing their
customers TO purchase IL. rails as
they said the banks ala not care 10
Nave industrlals az collateral. Brokers
however. are rndins II hard task to
work up enthusiasm among their
clients over railroad stocks and the
suggestions made yesterday failed TO
nni any rehectIon IN the demand for
most OF which closed with fractional
lusscs.
Notw,hstand the failure of the
rank and lie to become excited about
inc railroad shares. there are many
Judges OF values IN the stree; who
ne!Ie'e mat thcy are a purchase at
To-Day that wealthy people disposed OF
thelr railroad holdings when they
learned that the United States gov
eminent proposed taking over the car.
ricrs
Wealth to Conn Hack.
Events have justified their action
but now that the roads are going TO
he given back TO the shareholders
these wealthy people are expected to
enter the market as buyers. in order 10
resume control OF the financial policy
OF the roads.
Since the government assumed con-
tro! OF the transportation companies
there has been considerable absorption
81 railroad shares by investors who
nave taken The securities out o. the
street. leaving small floating supply.
nnou'" shfre We any concerted move
ineht on The part Of wealthy people
20 purchase. 1t is believed that an ad-
EanG. IN the quoted market I[!ccs
"ould be greater than usual. because
OF the small supply OF stocks avail
General Motors Recover
General Motors at one time showed
a loss OF SIX points, but recovered
late trading. Persons well Informed
regarding General Motors say that the
bu Fonts did not go into the com
panE as speculation. but as an In
close TO the Du Points are not wor-
RED over the crratic fluctuations in
IN. price OF the shares.
Equipment stocks continue in good
demand on the prospect OF large bust
ness nc coming year. AS soon as
the railroads are turned owe. TO ,h,.
rriyatc ownership. billions OF dollars
MI! nave TO be spent In rcpairs and
replacing rolling stock. American:
Car and Foundry and Pressed Steel
ta' were the outstanding features OF
hfinncss during the recent break and
accelerated by the report of now
important. Interests being acquired.
present abroad looking into tho for.
cc;En situation. With the signing OF
Inc peace treaty practically every
lea for supplies.