Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-06-25
money AT "A PER CENT,
STREET HOLDS STEADY
business on Light Scale, but
y. Strength of Market Causes Buy
ing by Professionals.
3hYAN CASE CAUSES STIR
decision of Interstate Commerce
Commission Awaited With Much
Interest, and Also Hope Reserve
J, Board Will Change Tactics.
nY BuoADAN WALL.

~ NEW YORK, June 2i.-With money
8 Mt ii per cent the stock market was
aEstcady today. Business was on a
light scale and fluctuations were
( small. Professional traders were in
olined to buy because of the strength
displayed under such circumstances
' They arc looking forward to an
:. :. nouneement by the Interstate Com.
!" neree Commission of the railroad
T.rate advance and the settlement of
wage disputes. They also hope that
the Federal Reserve Board will real
1ze the mistake II is making; in ham,
mer!ng business with high interest
rates at 4 time when deiiation can
NIT be enforced
Expulsion OF Allan \. Ryan was the
most important item OF interest. This
. matter has been freely discussed and
IL seems now thai the public courts
are the proper place for further argu-
snent. The point NJ issue is bigger
: member. The Stock Exchange has
refused to meet the issue Squarcly.
-"1t is UP 20 SIr. Ryan and other in
-dividuals TO act through the public
courts.
American Car Earnings Large.
American Car and foundry an
+, nounccd that in 19i? II earned S2T.67
q share on its common stock after
taxes compared with S32.23 the pre-
vious year. These very large earn
car building has not gone ahead at
n normal rite. With proper action by
the Interstate Commerce Commission
the railroads Will be able 10 make
large investments In new cars, and
the outlook for this company is
therefore very bright.
Private adviccs from Mexico say
the new President OF the republic is
a very sick man physically. There
rs some fear that the new regime
may have TO be rcadjustcd. That is
one reason for the uncertain action
Of Mexican Petroleum stocks on the
market There Is no question OF the
value OF the physical assets OF ,.rc
companies II Is all question OF
security of ownership.
United Retail Stores has been s. Id
rather freely Since the stock dividend
was declared. because the Street has
Imagined this stock dividend 10 be q
substitute for the regular cash divi-
dend.
thority Of an officer Of tho company
That the cash dividend VIII be paid
and that The stock dividend is an
extra. Some important Establishments
may he made In the corporation and
the stock dividend is the first step
4. in the new program.
Chemical Stock Active.
! Chemical stocks displayed some
life again and revived the street
hopes OF an early announcement OF
Indictment, of several oil stock COM
panies and individuals connected
with them was good news TO icgiii-
mate Wall street The street can
!, not believe that all the culprlts have
-rbeen named. Banking interests back
: OF Legitimate oil companies are auN-
tous to have a complete clean W.
= r. ! Reynolds stockholders have
approved an Increase Of carttalt@'-
{, ciaration Of u 200 per cent stock diNl,
dend The tobacco companies are all
TnGer-ca pi;alizcd IL present business
is taken as standard.
. capitalized IL present business is
taken as standard.