Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-04-24
BEARS MAKE VICIOUS RAID
ON MEXICAN SECURITIES
Break Whole list in Concerted
I. .ittaCk-COrn Products Has
Dig Surplus.
~ I,ROADkS WALL.

NEW YORK. April :3.--.hf;cr II
genera. advance III which Few stocks
iradc new high records. the bears
made concerted attack today on the
Mexican oil issues and broke the
whole list. The drive continTcd TO
TIE close, 50 that material net losses
were In evidence. There WAS II" spc-
cific news To justify the selling Of
stocks. Tho Mexican news was cS-
trcmciy bullish. !o- IL consisted Of q
report. later confiru,cd. that the State
Department had asked that some war
vessels be sent 20 protect American
residents OF Mexico on the west coast:
The other report. that rebels had
been defeated in The TuNpam district
on The Gulf coast. was good news for
the oil interests Nevertheless. McNi-
can Petroleum declined nearly twelve
points and ran American more than
eight
News from the railroads was cheer
full. FOR the Er!c reported q very i'm
pcrtant Improvement in the strike sit
uation As the Erie is the leader in
this fight what is true in that system
mus; be true ali over the country.
Sterling Exchange Lower.
Money rates were not changed. but
sterling exchange was lower. Tho
japanese situation was reported inn
proved The raid on the market ioukcd
like n last attc1lpt by the bear party
to cover It's shor; contracts.
The S:utz affair promises 20 be
ended tomorrow morning with q set
tlemcn; NJ sa2" a share. That price
~ considers! rminrntiy fair and il
much less than NJ. Ryan could have
CNactcd through the courts The end
OF this fight vii; he a very favorable
influence on the market because II has
been attracting the attention OF every
-eformcr in the country and has al
most caused the introduction OF harm.
ful bills in the State Legislature and
Congress The money involved was
never e matter -! consequence. he
cause Nj Ran didn't need !; ard the
raiders VINO were caught deserved thr
trimming they thought upon them
selves.
The matter vii; net - settled r.%ht.
3 however. unless Mr.. !:rytn is induced
to rciaa!t, as mcn.heT oi the en-
Uhcncc with St!iz i,ut back again "n
;ha cHic,a, list.
V.cpor. ot Tie Corn Products COM
p.uy. Showing S5.lUi,5lo surplus for
III" !rst quarter % 1870 after charge.
and Fedora! taxes a;a!Ils, t surplus
81 sI.!i..S"c III. previous year. sUE-
g,sts a reason for rrccn; strength %
tina; issue ant 10: IN" huoyancy q: ~!
sugar stocks
Weakness developed H. the tobacco
stocks early - ;he LAY. eridcH ny be-
inc du. 20 tn" plan 10 ircrraS" III"
taxes q; tobacco for Ia" SolGIc. bonus.
All tn. ini"r.'!lrut Steel shares we're
s,!OrE Hti report persisted th.,t
now ccTh!ni: ~ was o'ii;- Pat to-
scthcr ;ns: would represent more
capital :h"u h- United states Steel
CORPORATION 'rhc rcinh.nati"n a. nov
sNuk"n pi - - include B"tNlcH"m.
Nidval". lNlau!. l.ari;a wanna, Ecp!r-
-lc Nanaiiu!n ANA possibly Republic
Allan RYAN g Interested ~ most ct
these ami for th:.; reason i loohcd
l!N"-o Ryan I,trk"t ~ ." noon. L. D'"-
Elc made , a.w hi;;h RECORD ~ NJ
wi'h au advMuc" %: on POINTS Con-
sO,!laicd IrN-!!e. with Which E!"n's
nam, has tcOn identified, also mad"
"a new hjCn record at -
The i..y was not Wi-npVt IL usual
stock div!t.nS. New Jrvse" Hinc. wi.h
a - per cent bonus. being chc peg
former Nj Wall street expects tic
United >i:.i"s steel Corporation - d."
something handsome j; The next u!ri-
GclG meeting.
Titan Copper reported earnings g"
ia.s ot 1880 3, share. COMPARED w!'u
SIi.35 tho previous Year. Ta.s has no
eject 81 Ia. u;tr,;r;, n"Caus" tsIc con
d!tion of The COPPER trade Is well
known.