Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-18
|BORIs HOLD NAIL ISSUES
|uMORS or GOOD NEWS
FORCE STOCKS UPWARD
Traffic Lines Will Bc Per-
ISs ssS miftcd 10 Earn q Per Cent
Sessesy Interest.
ny nlfylADAN WALL.

4 "a NEW YORK. T'eh. 17.-ENis:encc OF
a5anportant short interest in the railroad
q J;st was disclosed This Afternoon when
LiThg rumor of some good news on The
i$Riis soon TO come from Washington
ftKused an all around s>drsrde areras :
stNg about 3 points in the standard
ISSUES. The good news EaS believed
Ssto be an agreement to lct the roads
dsarn per cent or invest ineI,- TINS
SiSad been preceded 10y n. covering move
ssnent in the industriai.. In the earl!
afksrt of the day the entire mark.t was
Sfseavy, both industr!als and rails sink
ssaotably American Wool. Endicott john
Hon and Crucihle made absolute new
bow records. These recovered with the
s$ther6 The close was SttSnS and nc
give. with material net gains In every
ifRepartment.
loaned Mt G. Time funds were qnotcd NJ
atS3d-2 per cent. with but little money
differed. Brokers reported their loans
sfeduced an average OF 50 per cent from
sShc recent high point.
ia Two Stocks Attacked.
VI American WOODEN and Endicott John
ffssoR were particularly picked FOR attack
because they are typical OF the class
aSsf stocks that Will suffer when the
kfommercial clean-out comes. In no
sSusiness has there been such protitccr-
eSng as In clothing and leather. Prices
SShargcd by retailers for clothing ana
Xshoes have been LITTLE short OF eriihi-
fnnl. The notwithstanding companies IN
&Ahesc lines have shared in the prohts
Sfo large extent. AS Will be proved
asrhen their annual profits are made puD-
astc, showing profits d.sgraccfu!ly large.
y 2oeen but little public interest III either
s{American Wooden or Endicott John
ssson.
n The attempt to start raid on Cen
eseral Motors stock by reports uf addi-
ftionai financing soon 70 hecohe n"csS:
Edenial from authoritative sources.
"A Receivers Five Points.
III Cruciblc was attacked early in the
ESlay, and yielded 70 the extent oil = IL
sinoints. hut oc this il had recovered
rtnearly points before tho mark
sIclosed. The stock has not broken
senouEh 20 be in line with othcr ri Issues =,
Stof relatively the Same value. That is
Stwhy II was attacked.
r. Before tho market opened reports
sswere In circulation that cruc!mic and
stproved correct. When tips thus cir
ssculated begin 10 make good il IS nsu-
Sally about time L%r the IN, afSS a 70 n ,uF.
itfore in n measure prepared for the
tisharp recovery that took place in the
y After the market closed it became
I5known that the advance in railroad
;Jstocks was really based Oh the progress
s8tmadc in congress on ihs railroan n,it;
8tprobablv be permitted on the capital in
Invested. The ;nformation has reacnsi
Wall stree, probably ,hTouEh SYM 1Fhc
q rally was almost sensational! when one
lconsidcrs tho recent inactivity OF rail,
stroad stocks. Union Pacific rose . Ia
s,points. Southern Pacific. 5-S; Read
a ing, s; Atchison. = New York Central.
5ds SIS: ST. Paul, 4 IL, and others IN
81 proportion to their activity. Such an
Il upturn in railroad stocks has not been
n Witnessed in many months. and i went
,Ia long way 30 restore the sinking
iSspirits OF professionals.
Il Some Optimism shown.
Some optimism in regard 10 the rail-
si'roads is due 10 the deSpairing state
4 men,s OF Frank \. Nandcrlip. VINO
!, government control and management
4 for tho simple reason that it Viii he
" ;, nrnurau, 10 rcrnbilitatc them.
II There is no ono who would not be
% delighted TO sell his stock 10 the gov
eminent at the appraised value. There
i fore. tho railroad stocks may become
a huOyanc