Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-11-12
GAEL MONEY EASES OFF
TOPPER CENT ON Street
IissaIl Comes So Late, However,
That Market Only Showed
Feeble Response.
GENERAL OFFERINGS LIGHT
AIhounccIncnt Made 'That Cuban
Raw Sugar Declined Quarter
Cent to Six Cents - Waldorf
Crowd Active During Day.
ny BnoADAN WALL.

NEW YORK. Nov. ll.---For about
four hours today traders operating
'sprna rise in stocks. hoped that call
money. would ease OF and furnish an
side. OF the market. Call money had
opened at per cent and loans wero
removed at that iisure. The first ray
the, stock exchange that for the first
lime since the government had started
withdrawing from the banks In heavy
cnfume about three weeks ago money
s:-as offered. heretofore brokers have
va to bid for 1t.
About an hour before tho close the
GOOD word spread through the street
that the money rate had ehscd to
y por cent with funds st!Ii being Of
fored. Optimism began 70 grow and
:hc ticker tape for evidences OF i'm
proved strength. Onc-half an hour
bcforc the close word came from the
5tgcR exchange that the call money
iatE had declined to per cent,
iiopc ran nigh in the breasts OF
ihnsn long on stocks. but the market
and the session closed midst much
disappointment on the part OF the
bwncrs OF stocks.
initial prices showed slight i'm
tr3vs'ncn,. bul shortly after the be-
3;innlng OF trading professionals again
onared shares at the expense OF price
rnaorinIs OF Atlantic. Gulf and West
iridi.u. which carried II down TO a
new low price for this movement, had
az unsc,t!inE Influence during the
GTst hour. but offerings OF stocks In
b. general were not az heavy as In the
previous session and the list showed
-iguH OF resistance. In the early aft
nrnOou tho mnrkc, displayed signs OF
strength. hut at ;his' point offerings Of
7 NUlys-Ov"rland, Sears Rocbuck and
iyoantic. CUT and Yves, Indies IN
witch continued up to the close OF the
session when prices were near the
somo disappointment was also OK
-.p-siscd at the failure Of the cNecu-
e ave committee Of the Southern Pac!nc
e Company 10 make any announcement
with regard to the plans which are IN
Cmoryo for the segregation OF iis In .
vc@tmcnta in associated OIL ana oil
lands. Dealings Ia Southern Pacific
made up abomt ono-eighth, OF the total
transactions daring the day. AT the
opening it's quotations ruled from
que-c!ghth TO sev-n-c ighths OF Il
iiru1 undertono untn the last half.
Nnem the general us; 9ased on
and, southern Pacific closed with n
, net loss OF nearly TWO points.
lit was as pretty "a piece Of bust ,
'nesA ever was pu, through" said
on the recent Ire in southern Pacific
.stook. Those who bought Southern
r. Pacific under par ar. now taking
Of one suarter OF "a cent To . cents.
broke the stock two points. to tho
ucm low record OF seven.
The waldorf crowd" hammered
American Sugar, and at ono time dur
ing the session had The issuc nearly
three points under ~. previous holl
ing priccs They - e!vcd some as
SiEttncc In the announcement OF Il
decline in the price OF Cuban raws
OF nc-quartcr or a cent. or cents.
There wcrc some anxious inquirorH
for "puts" on Utah Copper in the
could
because the makers OF privileges be-
We've the inquiry presagcd some UNI
favorable announcement on the stock
IN tho near future.