Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-07-28
SAYS MARKET. IS TAKING
,asPEEDY UPWARD SWING
Loan of 100000, 1000 to Be Floated
- by Standard Oil Shows Trend
OF Business.
CONC AFTER WORLD TRADE
sRigo American Concerns Hope to
Grasp Commerce in Many New
s;Fields-Action OF Bank Tonic for
- Stocks.
By BRoADAN WALL.

B .ssS NEW YORK, July Eft was no
iS.sstwonder that stocks were buoyant at
S;rthe close OF last week, for the an
siShaSncement that Standard Oil OF New
ItJersey would borrow s1oO. 100000 from
8s Ats stock holders and list both its COM
q ,itTton1sand preferred stock on the en-
market needed. This announeement
erStandard Oil people in a constructive
Gtcampaign for world business This is
the Of rIt r stns n for the neT hst
for its money there will be dozen
such calls made on the Public purse.
All the, other STANDARD Oh companies
Will follow the lead OF the parent one.
= That is the only possible conclusion.
This means that the big people have
which makes it necessary TO have an
astive stock market. In no other way
rrSo1h such Issue be loated
Not only do the official actions of
these people indicate such a thing. but
s op,miste p reSard 1ns" the n
..mediate future not only Of business
- but of the stock market. They believe
-tthat' the United States in particular is
- 'enteTing upon two-year priod of
ptesrerity, rich beyond the imasina.
c-SA-Abft that may be another story.
Vision Appears Pleasing.
The business and inaDcial world
,---uSually look ahead about six months.
to q us eW s IL. ~enS Sss
.a.Ws,ll Street; There are professional
the, stock market. One financial writer
.~ afsunauestioned sincerity and recog-
nized a5iiy announced Saturday that
~ pms to hold stocks, whether rails or
, ,nndus saia Maybe he is right; but
round in big business do not think SO.
SSnd the crowd is following the big
--.c II has becone sucb cor, .h,
eo.rhave panics after business booms
thatTeteran observers are likely to
pscome mentally lazy and go looking
for the, usual thing to happen always.
There has been revolution in bust
ness ne So as well well as In politics, and it is
mus; follow this new boom. one rea
Son that fGF tn, the w noSsOj,y Of panic
political hatreds and it is a human
impossioility to have any big war Tor
8, i,, Gf1uPie Of generations. There will be
Ilttle wars. OF which there are a dozen
or SO IN progress now, but they do not
touch the big fundamental situation.
- :. Square Deal for Market.
Ganro4ncement that the First Ma
they are rails or industriais is a long
market uea' III the money
- s 2ns Of 81, the is. most important develop
fading away Of strike talk in the "se Steel i
an1aastr ~ Judge Gary has made it
10 the world that danger
tnreatens the stockholders of The
n.Enited States Steel Corporation
Stocks of companies dealing in food
sPr9ducts and in machinery for the pro.
.,tdAttion Of foods are enjoying the de
served confidence OF the public.
The question of foreign trade is no,
Terrifying when viewed from the
standpoint Of strict business The
united States Is the one solvent cred.
>--ttor- nation and producer Of the world
hpEnrepe is a hungry and impecunious
creator unable to pay its debts bu,
forced to contract greater ones ANY
business man knows that the less he
sells TO bankrupt creditor the better
on he Is. provided. of course he car
nnd market elsewhere for his goods
World Open TO America
The whole world lies omen TO Amer
lea and II VIII be we'll If only enough
is sold TO Europe to satisfy the de
mands OF humanity. Europe.s recov-
cry is going to be slow. There will
be. no great money in satisfying the
.:deTand of stricken millions there
Amertca should do business with Flu.
..T9pe. on semicharitabe basis and a,
tine same time strike boldly into other
~-busineSs connections. America is mas.
ter OF the world j. its Industrial and
financial leaders can realize the fac,
and II they have the ina Gination ano
nerve TO posses themselves OF il.
Occa sional reactions and a bad dan
lsnogs and then will come as a matter
-1 course 10 Wall Street, but the bic