Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-11-23
SUGAR SHARES ASSUME
LEAD ON WALL STREET
MOTORS, Cruciblc Steel and Mexican
petroleum Also Prove Big
Factors in Trading.
PROFESSIONAL CONTROL
'"ct That Exchange Was Quiet Satur-
uaS indicate, That General Public
IS Leaving Securities Alone Until
satisfied OF Soundncss.
by HROADAN WALL.

NtW YORK, Nov. 22.--Stocks were
speculative sugar shares in leadership.
rhr'lcuiar strength was displayed by
re-. iSI, IS, Arrow. Mexican l,e,roleum,
on Ugh; scale because so many Wall
1 rfs' TEeopte were absent for week.
tuiet because OF their absence proves
us highly pErofcssIonal character.
day afternoon was caused by liquida.
ION or professionals in anticipation OF
,9dny,s absence. When the public waA
rnds made little difference with the
volume Of trading which was Otter.
frih,!veiy heavier on saturday than on
pthtr days. This fact as disclosed
louny confirms the theory that tho
public is letting the manifestations. ana
hnt The advances being made are
pubic back. In mau2 stocks the au-
ba,,hinr are GU. TO :. repiaccmcnt BY
,ipnigated IN preparation for the slump
mat began Two weeks ago
'urh shares Are Active
80. While INC ncw stock was selling
~ thiriE-ii." an the Curl The I'cw
steel TO- : = ne issned for Tho old i'd With With
means $50 for the old General Nntors
-: PurchasinS the old and selling the
WENT sneI noin ~ an ,a.,rhitrags proh, OF
take advantage Of ih!s arbitrare be,
ause they fear some Joker There
,nie lime eo, hesitate Isl for fear the plan
ncy would be left holding the old
hn Motors stock. They hcsiated
~ sdme aoout taking advantage OF
nc aTbitraEc OF forty to nv poinIs,
'fni,. VAS possib!c between AMERICAN
"E days a'd T h. n1egr, ;S FOR NY
antage OF the tobacco arbitrac" made
~ so!nc profits. II is not likely that
los IA
li"n would go through ~.
SPrculntr In suEur
susar s t,,,i1h Is ,nrnne h"ayiiy - tho
nrw iavor.te runta t!l..rn r.v Sme
nan n," ' dra,,n ~ WI bonsht ~ som
n'"shs well purchased The can,I,.
ne ar" report an unprecedented de.
, ,nn',i GHe {" three basic reasons. The
uuie'hcc "a sweets fof several ye.rs
.h. fahI% having been 9uoGtairaIi.
r-r1 4, high prices during the var
IF"hlhilcn IL driving millions ar mon
!" eating candy. as tn. rerlncn,,tion -
M.e'a taNeS the place OF alcohol to a
neoni, 'N,en,: "a" third reason Is that
r-nnf ,''e therefore .nduls" more
Trolley. TO Move out.
pm motor buses IN Toicdo afa &c, {"
*, Snc street car tracks torn M tn
nv ~ is Locked upon by bantsa
~ rniy the beginning OF . n:.iion-,yis.,
l movement 70 get RID OF all trolley a..
4 ms ~ causing renewed buying of an
| "Hhhiie aIn petroleum stocks and -.
ncwcd liquidation OF S;ocks OF tron.y
companies AS the trolley lines dis
"pp"aT mere VIII be less need for cleo.
! ihttN ana power companies that fur
! niSh current 10 trolley lines viii also
ma their stocks Weakening
MS Is not likcly TO hurt stocks Of
riertrlcEt manufacturing companics
because az tire trolley companies cease
USING tho current tho price OF cur-cn,
va! decline aad thai VIII be an arEu-
i Darhtus IN tho homes Of the pcoplc In
.ornc OF the hackwoods homes MD New
. orG State the housewives have cleo
| 'ric cookers. irons. tnastcrs and curling
| IRONS and use them freely 10 an extent
Il that would astcnish the women in New
! ! ORR tltT, where the high price Of
! "u-rcn' makes these household ,cccs-
| SORES iuSuricS