The Washington herald., 1919-10-06
INFLUENCES IN
MARKET MANY
Impossible to Predict Effect
Upon Stocks in This
Weeks S Session.
By BRoADAN WALL.


New York, Oct 5-Such far reach
ing possibilities have the influences
dominant In the stock market at the
beginning Of this week that one
hesftates to see exactly what effect
they may have for the immediate
future The long distance invest
ment view seems clear and cheer
ful The immediate future is un-
certain But there Is no doubt that
the patriot with suficient funds and
nerve to hold stocks will gain more
than the one who attempts to trim
his market course according to the
daily news.
OF immediate popular importance
Is the Presidents. illness. 1t seems
that there Is to be q long period of
uncertainty IN any event 50 that the
market will be under the influence
OF rumors-
Next in Importance Is the steel
strike situation. This seems to be
ending with a complete victory for
American working men. The steel
strike will be historic in the annals
of America 1t marks the turning
point of the Bolshevistic attack in
this country. 1t marks the begin
ming Of a new and greater develop
ment along truly American lines.
This new civilization that Is going
to make America Is based very large
~ on the question Of fuel and me-
~chanical power. 1t so happens that
the greatest oil fields of the world
are on this side of the Atlantic So
are the greatest coal deposits. There
Is everything here for the develop
ment Of mechanical power, even to
the mechanical genius Of the young
men There Is no human power can
prevent tremedous increase In the
yames Of all securities representing
such things as petrobsum, coal. iron
and electrical developments- The
only question Investors need ask b
that the company IN question Is gen
Unefy engaged In the business. There
are many securities offered in Wall
Street that do not represent honest
business enterprises in these lines
There is no penalty too severe for the
pronotors Of these companies.
OF almost equal importance are the
railroads and the automobiles. The
railroads have been arrested m their
development to such an extent that
they cannot possibly serve the coun-
try properly. This has given re-
mendous impetus to the production Of
automobiles. both passenger cars and
trucks This growth Is Just getting
under way. The demands for food
plus sanitary considerations make it
necessary that the horse must go and
be replaced with the COW. Thus, there
is open a vista OF business for auto
mobile companies that is unequaIled
except for the outlook for petroleum.
Wall Street is going to have sur
pr1seS equal to any II has enjoyed
in the past and they will be construc-
tive surprises Decision by the Su-
preme Court of the question as to
whether stock dividends are taxable
will start uhe chain Of announcements
involving control Of hundreds of mil
lions Of capital.
For the investor. the cue seems to
be to sit tight and be patient For
the speculator. IT would be a good idea
to be sure of plentiful margins and
good eyesight with constant and close
attention to the tape.
Weekly Bond Market.
Corrected to tho close on October ~
High Low Clos Vet -Ea-
Sales est zt ing Oh Hixn Low.
EsuC sL65ss rm1o eS lnos+ .R l0H sD
MU.SLlhlEis $40 Sis s. or % 500 &c %
Iz5eU l5T 8 ,L4sA+ I4ss2t,4 = 9 SO 9s nS7S SIS N
McydFss.. D2U ImD l0 D+I o MOO SIT
81 Tstih ai59st: sass. Sc SO s st 3 g. : 3 E !.
f9lu SI86fthE1Gs -. ~ e4o4 4D-B $50 g 90
ss5Tsyicass- lcoo ea 9s-6 rms g Is
rnaAnssD-Fhs-. ~ ~ ~ -41s ss
90 City Of Br-
de.a ss.- ~ ~ ~ +sms 81
SGSon.yunsS ~ 30 81 rTs sFI
q CITY of Mar
sdness--- - gs 81 x mss ss
10 CyoPzris6s---. gs IT. II x me1 Is
5 United KmEF,s
lgs----- 10 gB BE ms %
Y United King SIS
M-- 81 ~ sEss 81 III
- United King SIS
W----- IT. B4 r. - MS 81
= Dom cnad.
sm-- 81 - ~ Z - -
8Dom cxnada
S. ~- 3 ~ Is -, 1T
HDun CnA1
S~- 81 3 ~ s Fl ~
4Repnbhr Il Cuhs
S%S u q II m e.
2Repoblic Of
Cuba sss-- - 81 74 "a 8 ~
DES ot MGS6 4 81 . ~ 50
T"G%a a- rs B ~ - g w
T@1Goz e. 90 % 90 = h ~ ss
u Jap LIZ F-A-- IS C g ~ 20
4Izp brE4sEnz
st.9R.-- 2. . - = 8 . >" ~ 8.
3JxpA- rs
11.e@ eg % aD 8 9. ~ q +ss
1OJspanese4s---- 70 SA 70 Is sps 8z
q J1pansse 4SEng
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