Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-07-03
STOCK MARKET ACTIVE
IN EVERY DEPARTMENT
Buying I'm Popular Issues, Particu-
larly liigh-Gradc SpccialticS
t@4 Show Enthusiasm.
CALL MONEY AT s PER CENT
Rumor That Interstate Commerce
81 Commission May ANNOUNCE Adj
- vance OF Freight Rates Causes
Extra Furry on Wall Street.
ny uuoADAS WALL.

NEW YORK. July 2.-Grcatcr ac-
uSity was seen in the stock market
today. and there was strength i'll ali
departments. The hiEh-Erade special
ties made some sharp advances. par
Gticularly vaanadiun and Mexican re
6troleum. Money renewed AZ 10 per
cent. but closed ut $. I'm view OF the
-FOUR day car:r-orcr. this monay rate
was, considcrcd remarkable; The
Bank of Ensland announced that its
reserves had fallen to 81? per cent.
which IS a low record. TIE cotton
crop condition was reported much i'm
proved
. Just a, the close oe the marke,
there was a particular burst Of en-
thnsi9sm with all the poru'Ar issues
ing was short covering. because p:"-
: feSsionals arc NOW convinced that
the market is thoroughly liqu ida;-
ed. They do no; expect any break of
Importance unless there is some over
whclmin- disaster The pubic is not
buyinG Just now; but IS VOL sup
down and paid for in full. The
roluNs o: stocks carried ma.EiHa,Iy
Is a!mos; q Low record
Mexican OIL Advances.
Arrival Of the Olympic on her FIST
voyage IS an oil-hurucr, was duly
celebrated with an advance Of points
in Mexican Petroleum. from which
company the great Cuaardcr Ee.s the
oil
spite Of the freight Sonrestion. which
. makes IL necessary to deliver them
urge" amer lean C Wnoi RG"e Stock .osc
points in the face OF announcement
that tho principal mills would be
closed because OF heavy cancellations
Industrial Alcohol continues 1, be
absorbed anrarcnt!y hy strong inter
csts' for there is no effort 90 advance
the price. hut rather 20 hold il back
Part of the enthusiasm ;oda. vas
que 10 a hcltcf that The Interstate
S ,,oInn c9mmission mish, an
before the oncninc Of me market
mex; week.. The hearings ma; nave
been held are purely formal DO rausc
necessary ot an advance Of the rates
; The commission can. therefore. make
an immediate decision Z il desires
10 do SO. The desperate necessities
OF the railroads may imr1i i, II do
United states Steel Sluggish.
r." United states Steel al.rou-u sl;-
'5Eish, was strong
Some OF the rccen, buying o, United
Retail stores has been based on the
n canS,. OF iarsG proh;s Tor the new
Marine shares we're up. rc-hanz he.
cause OF the straight talk given ~
IN. Inc head OF the Shipping Board
part OF the executive otii-.rs of the
shipping Board 10 develop In A:ncri.
can merchant marine: IN spite o: tho
: Federal Reserve Board and tho In
T1erstatc CoTrcrce Commission.
Sugar shares are coming h.-k
suonE again, after the recent reac-
non that WAS caused by "A temporary
siumn in wholesale prices
iJnvincible OF! continued vcrv active
Genera american Tank Car al.
One Of the most ho3ef.l develsD-
IMents OF the day was the cotton con
l..
June 70. il showed u gain OF from
~ per cent TO 7o7 per r.nc. which
Iisces y IN a better position than
IaSt year. As the acreage j. 1bnu,
a.ooue create. than last .ea- Inc
OUTLOOK for reduction in ms r-,r,
y OF Gotten Goods seems - ha tht-