Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-10-17
NET LOSSES RECORDED
IN new YORK EXCHANGE
Operators for Higher Prices Ap.
parcntly Had Uppcrhand When
Market Closed.
MANY HAVE LARGE MARGINS
Heavy Downward Movement Take,
fiace When Customers Find En-.
enlargement to Dispose of Their
Security Holdings.
BY pROApAN WALL.

NEW YORK, Oct iG-More NOT
losses were recorded in the stock mar
ket at the close today than gains but
the operators WHO were working for
hlSher prices seemed TO have the I'M.
per hand when trading ceased. Early
IN the day banks let brokers know
That money was very scarce even at
me 'iiSh rates charged. Renewals
were made at 10 per cent. Brokers
TThieauy nave loans that are records.
hhcy arc embarrassed because most OF
tueir customers have such large mar
sins thatIthey cannot deccntly ask for
aoutlohal ones. AT the same time the
volume fot business has been so large
mat the brokers are nervous
therefore. when a selling movement
het In customers found encourage
mem. men when they were inclined to sell.
movement. The movement was started
ny the professionals. who were al.
ti essy heavily short Of stock. They
? increased their short lines and made
on effort to cover in the afternoon
Waen the market turned.
Serious Trouble Threatens.
me situation is such now that If
ele professionals are TO save them
Mericn Petroleum. pan American
Stuaebaker. Retail stores and United
s STATES steel they will have to dis
Where Unless they do discover some
reaI reason for selling stocks they are
In serious trouble.
me news has been very bad the last
cheerful ''0'e
TIE shipping strike is ended and
!. inc soft-coal miners persist in car
Tying out their threat of "A strike they
WIN md fuel oil introduced perma-
nently into thousands OF factories
where coal has Always been used That.
Is one reason the oil stocks are SO
new reason was found for the
recent strength In tire stocks The
IRE companies have orders for more
needed was more labor TO Increase
tieir earnings. Thousands Of mon
forced out OF employment by the steel
be- ;.,i arc ending work in the rub
production. This Is being I diseoun.e ID
IN the prices OF the stocks.
Sugar becoming scarce.
sugar Is becoming so scarce that in
ahothcr month practically none viii he
9htainable at the groceries This IL
due very largely 10 boarding by thou
s san o. persons: /, is going to hit
ticulariy those that use a large per
centase OF sugar.
The old. old story OF merger O,
tne White and Pierce Arrow Automo-
Il.
both OF these stocks were leaders in
the advance today. both making new
high records for the movement.
me S,utz Motor Company and Beti-
usual strength. Chandler continued
te remarkable advance. but yielded
under the pressure OF prom taking
The automobile stocks are in about
the strongest trade position OF any
stocks In the country. save possibly
the petroleum issues.
Mexican Petroleum and Pan-Amcri-
can are both being accumulated. and
a good many shares of both stocks
arc heins shipped out OF TIE country.
There Is no doubt that developments
OF unusual Importance are at hand.
Incorporate New Firm.
In peiswareS Of 2f TN, the In
ternational Trade Mark Corporation,
with 100000 shares of no par stock.
marks another step in the great pro-
terpr!ses planned by James b. Duke.
George ]. Whclan, Thomas r. Ryan
and Joseph T. Widener. Shortly after
this announeement was made Retail
became strong. as did American To-
haceo and =. T. Securities The lat
ter Is to be taken into the Trade Marx
Corporation.
Tho nrst Liberty loan sold at 1o1.
which Is the highest price OF the year,
but other Issues we're heavy.
The street is being prepared for a
states for this quarter. Investors will
not nay mucl attention to the actual
figures, for everybody Knows work
has been interfered with seriously by
Remington Typewriter continued it's
1dranee. selling at the highest price
Amer,ean woolsn was on. Of the
other WA Savage Arms