The Washington herald., 1921-09-17
SEES FAVORABLE
ACTORSNSToCK
MARKErSUPTURN
Nv Y. Brokers Advance
Up Why's in Support
&: OF Claim.
DE- C. ISSUES DULL
Alb. A. Announces Program.
\ Local Bank Declares
=. Dividends.
d. C. ISSUES DULL

ioIa Mosher and Wallace, New York
STOCK brokers. declare that at the
pressnt time it is just as easy TO
see favorable factors since the
stofS market has started moving in
tnei tight direction as IL was rela-
nMly easy during the past few
mon shs to md gloomy items about
the stock market and business in
general.
Twelve why's are advanced for
the. brighter sentiments prevailing,
Sn9 the following reasons seem to
oei ample justification, they add,
lot present prices for many stand
ard issues.
nhe why's" as given are as fol-
J. Pig Iron. - Production last
moneh showed a substantial in
:, Idle Freight Cars.-The num-
Der of idle freight cars decreased
mofs than $4,000 during the last
week Of August. In July railway
net income reached $4,000. 900,
June
, Cotton.-The South has been
trap psformed from gloom to cheer
tulnsss by the advance in cotton TO
more than 81 cents a pound.
4. Wheat. - Exports last month
were. four times the maximum ever
exported in any pre-war August
The government forecasts an enor-
nous corn crop, and il is encour-
agfpg to note that corn exports are
Undressing decidedly.
q Commodity Price Advances
The downTard movement in prices,
which restrained buyers from be-
coming busy. has ended, all the lat
est index figures agree. Again last
week there were more advances
than declines in wholesale COM
modry prices. 1t may be worth
notice that steel wire prices are to
be advanced today.
Wool Improvement - ''Consid-
erable improvement in the wool
market" is reported by that indus
try's mouthpiece.
Z, Postal Receipts. - Postmaster
General Hays announces that postal
re6epts for August increased. be-
ing the first increase in months.
s. Commercial Failures.-A sub
stantial decrease in the liabilities
involved were shown.
.: Autos Shipped Show Increase
Ayt6nobiles shipped last month
showed gain over July, whereas a
ueerease Is customary.
10 Salesmen'S Orders Increase
"olders from statesmen on the road
were considerably ahead OF last
of last year" reports Marshall Field
&>Go.
fIi Shoe Factories-The secre-
taEy of the New England Shoe and
Leather Exchange declares: Shoe
factories are following the textile
mills back to fuIl-time operation
and capacity production"
IL. Building Operations. - These
have increased notably.
The statement concludes with
"An indications seem to point to
even: higher prices without any Sc
riops reaction"
Local Securities.
A decidedly dull session was. wit
messed on the Washington Stock
Exchange yesterday, and no secur-
ity would boast of more than one
sale. The restricted trade was
fairly well divided between the two
lists without a market leader or
feature.
reh shares of Capital Traction
stock sold in the initial transaction
atp IS, 100 shares of Washington
ss' and share of MerSentha1er
Linotype sold at 1lsh. 49,
IN the bond list Potomac Electric
ana Railway Company and Capital
FRACTION SIS were both traded in to
thei extent OF $1,000, the former at
s7,aad the latter at 81. >
=. Dividend Declared.
Al a meeting Of the board of d.
r.ctors of the Security Savings and
Commercial Bank, the regular quar-
IerJy> dividend of . per cent paya-
bIs September 80: to stockholders
for, record, September 26, was de-
cIayed. An extra dividend. of 1 pei
cent was also declared payable on
the. same basis
A. b. A. Notes.
-Fbe program OF the convention
vhicb is nearing completion. will
,ver a wide and important range
hs Following speakers will present
tbS subjects noted during the con-
$yentfon week, and IL is the consen-
sns mat many of their .suggestioni
Iii 40 much to eliminate present
economic uncertainties:
81 ID. Drummond Fraser, organ
Ter Of the ter Meulen plan, for the
reIIet OF small European nations
vii Talk on international Credits
ana will explain the ter Meuler
bond scheme.
Erank o. watts, president Of the
E'irst, National Bank of st. Louis
whb was chairman Of the American
Gina nee group at the international
Ch.nber OF Commerce meeting In
T,ontlbn last June and July. will ad'
dress the convention on Our Part
. in chr worlds Commerce:
pr. Henry T. Suzzatlo, president
oF The University of Washington
sass his subject, Economic Intel
iirxnee in Public Opinion" and
Judc. Charles F. Moore. counsel for
The seaman Paper Company. New
York. City. will talk on Our Free
william Sproule. president OF the
Southern Pacific Company. will re.
view THE Railroad situation" and
A d: Noyes. financial editor of the
New York Times. has as his sub
iect, i-"Readjustment After War;
Past and Prospective"
m addition to these speakers
many others will be heard. and the
rxpfsssion Of the conventions opin-
ion on the more outstanding items
a the day will undoubtedly be I'M
porraht material.
polaId McFayden, professor OF
classical history, Nebraska UniyeD
sity. will talk on The Roman Enf-
pirs and Now" and Francis W.
Hirst, editor OF the Stock Exchange,
andi former editor of the London
Ecdhsusist, viii address the conven-
-.