Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-09-30
PUBLIC UTILITY BONDS ARE
FINDING FAVOR IN MARKET
Increased It,Itcs for Gas and Larger
Fares Reflected In Greater
Demand for Them.
SOME SCORE GOOD ADVANCES
Financial District Looks Forward to
deduction In Prices by Tire
Manufacturing Companies, In
View OF Cut in Automobiles.
BY nRoADAS AND WALL.

NEW YORK. Sept 29.-Pricc fluc-
, rua In tho stock market today
street for the last ten days. that the
rails were Il purchase and the indus
Trials sale. a surprise OF the ses-
sion. however. was furnished in the
revival OF Interest and speculation IN
bubble utility securities. Industrial
ISSUES closed with net losses ranging
no most active issues. while the finai
hEures for railroad Issues showed
gains Of from a fraction to 2 points.
Expectation that the independent
nounce reductions In the prices OF
their products. together with further
CUTS by the nntomob!lc companies i'm
parted heavincss 70 the Industrial Is
sues. some OF which touched ncw low
prices. some steel products have al
ready been shaded, according to one
Trade authority. Prices being charged
ny the independents are from So TO
alo ton above those at which orders
gre being taken by the unltcd States
steel Corporation.
Purchasers Hold Rail Shnres.
Railroad shares were bought for
INC rise. n canvass OF some OF the
large commission houses shows tina,
While there has been some buying
concerns are carrying relatively
small amount OF railroad issues.
Those persons who have the rails
nave purchased them with view TO
profits.
Call money. which has ruled for
has loaned as high rs per cent after
the end Of trading rose 10 S per cent
, lr9sndny h, during the hours OF trading.
Increased demand. mon,h-end read
!nstncnts and Withdrawals by the
omted States government.
larger fares that are being granted
In different parts of the country 10
public service corporations began to-
day TO find reflection In an Increased
demand for those Securities WHEN
have been IN ili-favor ever since the
beginning OF the war, when materials
T Tha oIbsra,ing costs began mounting
companies were substantial.
Expect Cut in Tire Prices.
r. mith d nnies reSduem9ns hesoTninE
panies the financial district is now
looking forward 10 reduction in
prices by the tire manufacturing com
company, practically all tho large
concerns have In reality been rcduc-
Ing pr,cea quietly TO dealers through
the subterfuge OF sending the dealers
more tires than they ordered for the
total cost OF the number billed. For
instance instance. dealGrr orders 200 tires and
asked tho dealer shows his bill which
s,ipulatcs the payment for 200 tires.
THIS has been going on for some
80, ""' many p'ESous are o. the
opinion In tho financial district that
u Is about time the tire manutac-
turers took the public into their
confidence md came out openly with
reduction in prices. Important men.
VINO know the tire manufacturing
business. state that there is about
three months oTer-product!on OF
tires in tho warehouses and factories
Ordinary employees OF industrial
companies are not the only ones wor-
rying about their jobs. 1t develops
that directors OF those railroad
whose stock was largely held by for
-igners prior 10 tho war. are now
scurrying about trying TO locate the
owncrHhtp OF the securities and OBJ
tain proxies for their recollection.