Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-10-20
PROFESSIONALS ONLY
BUYERS IN WALL Street
Public Stands Aloof From Big So.
curity Market, Financial
Writer Declares.
EASIER MONEY IN JANUARY
Bankers Of Opinion Funds Will BE
Plentiful After Crops and Christ
mas Trade Are Financcd-Sugar
Stocks React With Raw Article.
ny npoADAN wALL.

NEW YORK. Oct. 1e.--Aithough
there WAS no Improvement IN the for
eiEn news ana declines nna were rsEs
tho stock market today. Tho close
was strong with most Issues showing
While tho government withdrew
s3l,O9o.0o0 from the banks In the Sec:
S Sns mese ta wtharS@ aa
ditional Thursday the call money mar
ket ruled eusy. After. opening and
n n Rt per cent ein.t The rate eased
Very little attention seemed to bn
paid TO tho British coal strike aud
the riots In London. y decline Of
also apparently went unnoticed mar
Trading was on reduced scale
tercs;. Transactions were almost en-
,ircly FOR the account of profession
ala.
Eiuxier Money with New Yenr.
important bankers do no. look for
any pronounced ease in the money
market until after tho nrst OF the
trade and chrfistmsss eb bu.inc ss'S VIII
nave been financed. and the interest
ana dividend disbursement completed.
money market is that livery new piece
OF financing announced by corpo-
rs,i0n marks another step taken in
a ,rbt from tho banks to the investor
This, In the opinion Of bankers,
should gradually relieve tho credit
situation and release funds that could
ties for collateral. The eagerness
Win which investment bankers are
Wing 10 noat new foreign municipal
nnd goyerninent offerings In tho
United States also demonstrates the
"Histcnce OF many millions OF dollars
which are seeking Investment In The
security market
Sugar Stocks Strong Feature.
Sugar stocks were Btrons fca-
,nre,. advances being scored In prac-
,leaily all issues. One reason for
OF fcr raw str sSta Vas rise In the price
are OF The opinion that the bottom
mas been reached In the raw sugar
inn"rHe,: Inc steady decline Was due
dncers Dispatches from Washington
stating that American bankers would
Mhsnce inc sugar planters OF Cuba
strength. Estimates OF the amount Of
money TO be loaned ranged from 500
. 10000 to s5o,ooo.ooo, The Bank Of
cate that will do the new financing,
"a strong bull tip WAS circuiated
,,ihrouSheut the day, on. United Fruit.
UP abou, points. and it ciosed with
~ traction o! the best 'n9ure Of
me gay; Heavinesa OF the copper
purchases was responsible Tor ihc
sass IN tho copper Issues.
nc Sew York Metal Exchange TO.
DAY quoted the Raic OF 600 tons or
copper In three lots at prices ranrin =
from is Ii to 1852 cents. w6irS
ga now low record for this move.
Coca Cola gained fraction. moi,
wlhstPnding that rumors stated tina
INC directors proposed cutting Tho
Come to U. $. for Money.
como TO tho American money marks.
70 obtain their financial requirements
cables frnm Rio de Janeiro stat /
that Brazil was nesotia,Inr Viii
American bankers for a loan TIN
money. IL is believed, is 10 be mad
" hnancihg the coffee crop. the nricn
or which has recently broken severe :
~. Brazilian exchange has also had
sharp decline. Two or three months
aeo II Was quoted Mt about 81 cents.
Now ihhs miireis is quoted nj
oor,s said tina. INC big diseoun,
quoted would seem to Indicate that
Brazil would be seeking n credit IN
The United States. ~
sears; Roehuck &r Co. stock adv,rc
eu points, although the head or INA
sW.pany announced large decreasc
IN inc company's business This cnn
.ractlon is expected to be more pro.
nouncch. owing To tho drop in tho
price 81 the primary markets for
com h,odIties. which viii reduce the
pus'hs power OF the farmers.