Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-22
INVESTMENT DEMAND
CONTINUES IN MARKET
Proves Backbone of Situation
on New York EN-.
change.
SALES OF BONDS KEEP UP
Indications Arc That Public Ia of
Same Mind us Harding In Belief
Tint Substantial Business Revival
IL mt Hand.
Ivy Walter II. nrovn.
rit,en FOR the United News.

Written tor the United News.
NEW YORK, May l.-Resardless
Of tho speculative movement In tho
stock market, there has continued
steady investment demand which
has proved 20 De the backbone OF the
situation AT the Same time the
demand for bonds keeps up. and as
long as this IS so there can be- no
permanent reaction in tho stock
market. Never In the history OF the
market has the bond market ever
failed As a barometer % the general
trend OF stocks and until bonds en-
ter upon continued downward
movement stocks Will continue to
climb.
This Investment demand indicates
;hai the people at large are OF the
same mind as President Harding and
his Casine; in the belief that sub
startiai Industrial revival Is at hand
There Is no use comparing condi-
tlons now prevailing in this couu-
Try with those following other wars.
whether suoh comparisons DO favor
able or urtavoratle. Conditions now
oNist!u: have never before been du-
1llcstcd. for the reason that the
cconori!c position OF the country is
unlike anything that ever existed
before
All Elements of Strength.
We have all The elements o.
strength that any country could have.
and few. X any. elements OF weakness
beyond stupid political laundering
which could have nothing more than
= rorien;ary effect. Just TO care
70? our own needs and the moderate
amour; OF cSpcr; business We are now
doing VIII keep US pretty busy. and
when Europe begins 10 s,raightcn
out. II Will mean jus. SO much at
ditlo1al gain. %or will Il he an art!-
fetal prosperity. suoh as that now
being experienced by Germany. for
all our paper money is redeemable
In gold az 10 cents on the dollar. 80
Pay Little Attention TO Strike
i speaks well for the Industrial
position OF the country that while
~ have been having coal strike
.'r the past seven weeks. Il has at
:Tactea worry ,l:'le attention. The re-
serve supplies OF coal nave been suft!-
Client 70 keep !aduytry going in con-
junction with the production OF the
nonun!on Acids. u is the hope OF
the unions that the strike can De
prolonged TO a point where there Will
Be fuel scarcity and the govern
men; VIII be compelled TO intervene
II so far as dcan!ie results are
concerned. We are inclined 10 regard
the Genoa conference as failure.
but Il 10 apply Lloyd Georges stan
daTd OF measurement Il Is success.
FOR he stated ia Parliament before
The conference ihat any conferences
which accomplished any part of what
It set out 20 do justified It's exist
enCe.
Genoa Position justified.
II has at least brought the Rus
sian situation TO focus. and even
though tn. solution Of the prob
.en' may be IL long way on. It Inns
provided starting point Consid-
e'ine the way 1t has turned out. ;hu
position Of ;his country in refrain
!ns from participation seems TO be
JUSTIFIED.
The attitude % the government
Also meets with popular approval. W.
1tsife 10 Go all We can TO br.r
about tho economic recovery o.,
EUROPE snd E'e arc willing 10 enter
conference that has to do with eco
h"HiG affairs only. But il Is our
nm in'en'!oh 10 Keep out OF Europe's
poil'lca! GuaTr"ls "a; all costs How
ever We have thus far ev.nced only
a casual interest. as we. for the mo-
m"ht at least. are busy enough with
or o"H affairs 20 absorb al! our
=