Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-10-18
-WALL STREET ENTERS
WEEK WITH OPTIMISM
Of More Cheerful Feeling
OF Exchange.
TURN ATTENTION TO ENGLAND
Economists and Spectators Believe
That Upward Tendency Should
Develop In Primary Markets for
Important Commodities.
ny nnoADAN WALL.

NEW YORK. Oct. l7.-Wall Street
enters the new week optimistic for
tho following reasons:
Commodity prices have declined to
n level which. when passed on To
the ultimate consumer. should result
in higher prices for securities. be-
cause of the increased buying power
OF tho income therctrom.
Low supplies OF goods and lower
prices are expected TO result in a
revival Of buying by the general
public
Railroad earnings are beginning 10
a belief that there will be more
money available for loans on secur!-
tics
SLAMS of growing realization on the
par, of labor of the changed con-
ditions. which required increased e.
fclency. and in some instances lower
wages
Turn Attention to England.
The more cheerful feeling existing
practically no attention is being paid
10 events which. few weeks ago.
would have been used as reasons or
excuses &C g, fer urging the sale Of secnri-
concerned the financial difficulties OF
Holland. and Cuba. and the strike of
coal miners in England; with the
railway employees passed unobscrvcd.
The expected and desired decline IN
inc prinary markets for important
commodities has reached the po!nt
where, in tho minds of economists
rs VOL as spectators. an upward
tendency should develop. Bankers
state that there Is no desire for
ket prices for commodities. which
would result in impairing the crcdi,
OK the farmers or OF tho farmers
5n IS. The plea n3w being madH
credit is accented as evidence IN tnc
financial district at least that tho
depreciation which has, taken place
commodities. IL continued. would re-
sun in the creation OF serious eco
nom!c situation.
I as ono imnor,ant banker. said:
Gotton and break the South" The
ANXIOUS days experienced during the
nuy.a- ha e-ot.c%tton" movement fol-
pean war arc undesirable a; this
time. The crops are the greatest as
sets OF The United States and the n
nanciai district does not want any
tn!nE to happen that would impair
their value.
\" Report Of Serious Trouble.
,Notw.ihstand!ng that corn has de-
ylincd 40 cents a bushcl. whc,, ABOUT
20 cents hushcl and cotton - cents
pound, no serious trouble is re-
norted IN the agricultural districts
This is considered favora5!a fac
TO-. provided the downward move
n:cnt is arrested
Tho British coal strike and -ho
POSSIBILITY Of wslkout by the Eng
liS1 galway employees last week 70
cr!Eca practically no attention as =
stock market influence. but tIs
-SeT !onsness Of tina; situation is cy-
ptctec 20 come In for cons lde-.bie
aisS uss!on THIS week. and Wall stree,
VIII watch anxiousiy fo- Inc deci
Slor o, the railway employees vote
IN 7" edacscay Of this weci:
NtaTora Die dcvelo pment REGARDING
tboT IN the United Stafes Is seen -
re aanhJa ccrusnt that The erlvlovAs
Hat+- q Sons manufacturers
Q; WOO ia Massachusetts. mad a.
Slat; % accept d reelection az - 20
CNaR N 'heir wages y: order a 10
assured Of STEADY en- 3ioyrrcn- -,
attempt = expected 20 be ,r;,5n ! e.
arg EMPLOYERS .: labor TO cu,
"azts, tn- such = movement. wof,;,i
ae resented NJ In. workers wi.h ~
,cIt4nt strikes. Curta!l-nert 90 nrn
auction and the discharge OF tbor
SANDS q employees have already tu--
mhh.d plenty Of food for thought ON
-tot part OF labor