Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-10
ANOTHER ExCIT|NC DAY
ON new YORK MARKET
Twenty Stocks Again Figured in
Lively Session While Others
Did Not Move.
[. s. STEEL CENTER OF INTEREST
Open Warfare Between Producers
AMI Consumers Seems Certain/to
Follow as All Issues Advance and
Show Strength.
ny RuOADhN WALL.

NEW YORK. May 9.-,wal street
had another exciting market today, but
twenty stocks on yesterday. scores OF
issues diu not move ut all. and some
tionaI declines at the close OF a
tumultuous day. United States Steel
was the center OF interest. because the
cue from that stock. in view of the
declaration OF war by the railroad ad-
ministration II appeared that open
sumcrs was exactly what the steel
people wanted. for not only United
vcloped strength. When the Street saw
the stccls rising immediately after the
opening. the oils. began boiling. and
Atlantic Guif aud West Indies had
;. accomplishing an advance of s - points
ato the new high record price Of Ia 10
few minutes after trading began. 1t
was not long before ii had broken
seven points. but tina, did not dscour
up Its reserves with price OF 292 "a
new high record and an overnight adj
vance or % -. When the traders saw
hat. they abandoned all reserve. Be-
fore the day ended Montana Power had
moved up six points: Mexican Petro-
Tobacco, 3; woolcn. I: Worthimgton
pump. rs; American Ice. 1874. and
others very materially.
General Motors Displays Activity.
General Motors reserved It's greatest
hlsplay OF strength for climax 10
thc days trading Just before the
!, cong sounded retreat IL touched 1870.
hiEi price was undoubtedly due TO eX
ROTATIONS excited by the fact that
,ne ~ Farmers VII have 5000, 100000
10 spend. II is expected that they Will
hnend great percentage OF that for
motor-driven equipment for the barn
ana household az well as for passenger
automobiles.
shortly after Texas on made It's
rev nigh record official announcement
was made on Increase OF capital stock
ihat has been scheduled FOR months.
u Ia TO be ssued AT pa: as usual.
For the advance IN Pan-American
and Mexican Petroleum Wall street
had a dozen explanations They were
AN una sinary expec; one-the stocks
are worth the money.
Value OF OH. UnderstoOd.
the stools That were most active TO-
assets, IT is able 10 nsure on, rea :
tonable cxcuscs for their advances.
Value of the oils is well understood.
american tobacco. which moved up
sharply. has surprised the Street more
~ Il. inactivity for. weeks .han b.
combination with Mercantile Marine
which explains the strength OF those
sugar shares are becoming more
popular as the market advances.
'Ihf! 'ShH S'Sc1 as illt COM
rany OF the Industry. ana as tried
investment o; many years seasoning.
was the best bought OF the group
Beet sugar was In fair demand also.
American Agricultural Chemical Is
moving forward again because or the
good crops.
Z NEW YORK Nav Mercantile nsner.
J - T3'7 Sterling slIty.day r!iis H.5l.
commercial Sixty -day n!,i. b.nk1. 500.
commercial alAt! day bis. yi.5i-. demand
,.tS'.: cables. He9L Francs. deIns nd.
slJt. cables. 81. builders. dcms nd. &c5.
cabics 30 Lire. demand. 7.5T. cables. 155.
riine loans strong. Sky dsrs. ninety osys
and months Si.aSs. ne. cent call
money stronger: ruling rate. 81 per cent.
Bank acceptance. "a