Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-08-31
bal |MORE G OHIO STOCK
STRONG IN WALL STREET
Lines Curry Much Freight md VIII
Be Chief Gaincr From Rate
Advance.
OIL PROMISES LIVELY FIGHT
Atlantic Gulf and West Indies Com
pany Accused of Attempting to
Seize Lands In Mexico Held by
Other People.
ny nI,oApaN WALL.

NEW YORK. August 3O.--Stocks
closed Irregular today after Il SEES
sion In which some OF the rails were
i particularly strong. The whole mar
: ket was fairly active and strong in
the afternoon, In spite OF an per
Gent renewal rate. Bat in III. last
& slight reaction caused Wy this rate
~ ,inc lac; That the mar!<o; couli be
80 strong In the face Of such high
money rate attracted much alton
ton. 1t was said that the group Of
speSl ;htors known as he waldorf
crowd, h3 made Cop. isirrt5ie III 1ury
on the shor; side and w1s Accumulate
Ing stocks again.
~ E.er:lhins nnd Discounted.
,htns nan S n,reet heIiv on. ;hnt eysEy r,
Baltimore g. Ohio was strong. 5e-
cause ar Il ircigh; road i, Viii be
INC chief gamer from the rate al
That the company VIII earn u per
/. Sent on us common stock IN the
next twelve months. BESIDES IL
owns a lot Of Reading.
LPion l'acihc waa. another strong
ss, n",;; ac'lng really better than
s ferref Mas Pae ios, E5s rS' PR
liz good 1uylng quietly OF ouch stocEs
as Missouri Paci,c preferred. Texas
.crn, becaus of the Improved OUTLOOK
INC t"rritoricB they serve. Spccu
lators have asked many qucs;ion@ re-
stnrks me oq h,i for pEe1,..rreh
stocks arc not favored so much by
traders. because they really become
nonds under the new lave passed by
onSrcss. They can never pay more
,han what they arc paying. The big
money will ne In the common stocks
except IN ,hose few cases where the
prcitrrct stocks have passed their
I, dividends. st. Paul preferred looks
5000 to traders, Announcement was
i mad; OF The failure Of a New York
!. cpse Tor any New York stock ok
chanse firm to fail. Tho only reason
: INIT such firms fail Is that their part
EN9hanE. protests its members from
such failures by making them pre-
ieTfed creditors of one another
Lively Flight In sight
over The ATTEMPT of the Atlantic Gull
and West Indies Company to so!zc
on lands In Mexico already held by
"tn n companies This Is what tho
seizure Of these lands IS perfcctIy
regular under the new Mexican Con
ssi nowisss. "n, 1t t. done with the
ers OF The lands and the American
government have both protected
against ine Law as being unfair.
Ipany. has promised to explain his
action IN LAY, or two.
"oHtSOHtiS Narl waS one OF the
lew stocks TO show good buying
among the imdustriais. This buying
'is In aaticipation Of a declaration
or dividend. Another rather i'm
noTtant company that grew on, OF
rthe war excitement was being Iioui-
dated privately by the banks. be
cause OF tho action OF the Federal
reserve Board In making fhc cN-
pans!on o! American trade impossi-
bic Tie mortality amonG thia class
OF companies is very gfcat The
banks simply put In their men. wind
up the business aad write on ;hc
losses Tie British are getting the
i, BUSINESS TINT Americans are losing
!. The Federal Reserve Board arc the
hest business ,setters The British ex-
porters ever had. Sinclair is being
accumulated again hy an important
banking pool. The stock SIS widely
scattered and most OF the people now
any.
The widely advertised raid on
SUGAR STOCKS was frustrated by the
publicity given TO the pool plan II
Is understood from bankers that the
French Will send their gold to Amer
tea before attempting to make i
public Notation of their ncw loan.