Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-04-16
GALL MONEY IS SENT UP
TO Is BY MANIPULATION
Market Closes Strong With All
Glasses Of Securities In
Active Demand.
nN nNOANAN WAIL.

NEW YORK. April i5.-Cali money
-&ns only per cent. Bankers were
sery solemn in public. but i'll their
private Offices smiled checrtuliy at
The predicamcnt Ut some borrowers
and at the spectacle the government
is making of Itself in the handling
OF the money market. stocks were
very strong In the morning, but when
the call rate advanced the bears made
an attack.
:. lust before the close when an
attempt was made TO buy these
stocks back prices shot UP rapidly.
and much OF the loss OF the early
afternoon was made up, Tho close
securities in active demand.
-. The excuse given for the mark
Ing up OF the money rate was that
the Bank OF England had advanced
that the United states government
and the Nest were making heavy
said publicly abou; the large ship
nsnts % gold that are coming from
I,undon or o; the q per cent call rate
that is expected all OF next week.
to the market.
Rynn Is Central Figure.
figure in the market and ali his
stocks with which he is. Identified
's!npIy as original syndicate par
,icipant We're strong. S;uiz Motors
al Is. Continental Candy a; ii Is.
Reploglc Steel at Il IL. Consolidated
Textile AZ 80 "a. and StromberS at
los. y careful canvass OF the Street
disclosss the fac; that while mem
bers OF the exchange do not dare
espousc his cause openly sentiment
IS almost unanimous in his favor.
The proposition 10 amend the stock
exchange constitution so as 10 per-
init the board OF governors to do
what they did in the Stu;z case is
Senerally regarded rs an admission
that the Stu;z action was taken
without authority. While the board
OF governors has great authority it
ONLY acts within bounus measured hy
the constitution and bylaws OF the
exchange and these must be approx
ed by the membership.
ho,h Sp,,G OF me extremes 10 which
gone Il still! looked this afternoon
us II the exchange would as poin;
81 honor be compeilcd to apoioG!ze
10 Mr.. Ryan. refuse to accept his
-fosiEnaiion and request him to per
init STUFF Motors 10 he listed again
SEX seek 70 Incorporate EArhnngc.
nrovidins. for Incorporation OF the
sew fork Stock Exchange was no
Surprise TO the Street. Il the cx-
change were fairly managed In the
interests OF the public it would be
better TO let it remain "a club as ~
present; Tut the public has too
AT SUM- 70 permit constant
repetition o. one scandal after an
otircr such a. have been seen in the
last year. Nothing has ever been
'lons 10 check the raidins OF invest
ments.
lit Was suspected tha; the govern
Teni was buying Liberty bonds to-
day, for they made new low records
Many Wild Stories Anont.
Many wild stories have been anoat
regarding stock dividends and extra
payments To- be made by the Chicago
Pneumatic Tool Company. II can he
stated on the highest possible au-
thority that there will re no extra
dividend OF any kind in the near
future. The stock has been rising
because the company IS doing a
record business in all departments.
In spite OF the bad stock market
record ut Middle States Oil. the
shares are being Dough, again by
s2hie OF the best. bargain hunters
among the professionals. They
understand that within "A week or
go announcement viii be made nv
the company that will make the
shares much more valuable Than at
present.