Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-27
SENSATIONAL ADVANCES
MARK ST0GK EXCHANGE
very Department. of Market Ex-
'i'eu During busiest Day of
Month
haNi NEW HIGH RECORDS
''eh Railroads Display Buoyancy
'hdcr Leadership of Conservative
Ntchison-Cotton Joins In Wild
Upward Movement
aNi NEW HIGH RECORDS
ny B,,o,D.N WALL.

NEW YORK. MAY: a6.-Tradjnc OH
NE lew York stock Exchange touched
~, ~ aI,,ooo.0oo share ioask today, and
| Nclat issues Every department
NC market was excited. The advances
piE recorded III" q .mercnt degrees
E5h the railroads d,spiared huoyancv
M mat under leadership Of the oil,
conservative Atchison, which recordci
T.. hdFnnce or nearly four points. New
ntion General Motors: At "O5 -
hitod States Rubber at lO7, Studt.
Ia ni,r,, 81 ~, Chandlcr at 1ai 81,
.Hltcd states steel at lO9i-4 Tobacco
,Impnnuc'a ~ 20 ana Southern Pacific AT
10Y VIII NtChison al lD3 81. were
tr lrw "i them. Tho markcf closed
liEh records being established In The
asI I'VE minutes Of trading.
Cotton Joins Ad,nurr.
otton also joined in tho wild ad-
a"c". some options being UP as much
rs 50 bale ~ one timn II is
veil understood among well, r,rformcd
economists tina, there Will bc a world
h1rihH" ri cottcn for several years
SiiN'r wa" fractionaiIy higher
(S"hoH was easier. tirtc funds bc.iug OH
alnatic at 81 ON Industrial collateral
ny case or money was partly due 70
NJ un,scription OF iii" Victory bonds.
heif"f that tho Germans wcukI sign
un lLoa'F immediately was ono Of tho
niI Arguments undnr tho stock market
~" nus mess chccrfiilncs.s dispiaHcd by
lac steel mon last week Vas auot rn-
ncenfivc for buying stocks With ali
ne excitement in tho market brokers
|.spor' margin accounts in abou, tic
~ "hs'sl condition on record.
Hccord for Motors.
Here is the record Of tho leading
'Ltom"ohilc issues today; General Mo.
ors. POS u" NJ iGi-2; Studebakcr.
r7S. ~ "a IS MaXwon. tsl-2, up
a nc N
ltcily Springfield. l29. up IS. Chahd-
lnr. lnl -. NJ SIT: Picr. Arrow,
b" 81. M ;5-s. Willisc Overland. - =.
Up 81. Chalmers. - So. up A. Good
rich. ~ rs. up is: Stutz. IS. ~ 81"
As r"slNt Of these remarkable ad :
Hssne"s. whigl wcr. made IRON, henrcs
ALREADY considered high. Wall street
WAS fnil t"nlEh, Of rumors OF vast
comhiuatlnu of MotorH
wa! Street hcars that n great many
american railroad shares arc coming
from Germany ju the near future.
Fhsr" rs evidence that mich OF the
fel'inG ot linton racsic. Southern Pa
cihc ana AtrNisou and oth"r high
grade rails oiat h"id prices 20 low re-
Gently wnS iu anticipation ot the ar.
rival Of German stoccS after the sigma
iurc Of the peace treaty
silver HAS Effect.
II VAS the Increased price OF silver
That but tn" S!ueli.rs and COpptr
stocks Up ~ sect Is 10 revive, con-
PEE must necessarily do go.
United states steel was tho most
importan; to4tuT" of ipday's trading
although q, dih NO, attrac; 50 much ~.
s'cntion ns aid sorc 81 tho less i'm :
portant stocks II has advanced about
ten points from the low level arurc Of
tho DAY. following the reduction OF the
dividend ." the regular :, per cen,
rate. From that day there has been
STEADY accumulation for this account
OF insidort. because They could look
ahead 10 better times in tho near III.
tuTe.
Tina, tho oi! stocks would not be
cpwncd was indicated when Texas and
facinC stock rose nearly five point :
TO a new hirh record. aud WAS joine, Il
~ Pau American, Texas. CadG0 and
AicN! an Petroleum..
Tic great irV"stmrnt pool to h..
orEnni2ed Under tho auspices or the
united states government has chcercl
Wa! street :ucndously.