Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-11-13
BEARS CONTINUE STRONG
4 PRESSURE ON MARKET
Take Advantage of Failure OF Big
silk Concern to Dcprcss Sc
curitics Further.
Much "rAX SELLING" Is on
.ttnr. losses Arc pockctcd by
Wealthy SHIRE Owners i'm Order
!" Reduce Amounts Payable to
1. ). Government.
ny ni,nADAN WALL.

NEW YORK. Nov. l2.-ProtCssional
near raids together with rumors that
r.It announcement would be made Of Il
iHrr- commercial failure resulted In
.uarp declines In the prices of stocks
t,etgrhay, and total transactions in
lGiyiag more ;han Il million and one
,H'!IIi.Y shares. The commercial
failure stories materiaiized In tho
announcement that a SILK house had
son. INTO bankruptcy with Liabilities
u Sl,"JU.OUU.
Stocks were offered at the expense
~ price throughout the session. the
, lpsscS in standnrd Issues ranging
som, one 10 three points. and those
~ .spccinllzed. from four 10 nine
oD!Wtf Tho maximum decline bciuG
"a General Electric.
.ifJtesaiouul Traders sought un-
protected issues ana raidnd tnoin. The
Dr' 'ciritiut declines III tho iesucs at
i'ekvt. induced selling in. other d.
!ick.paa and sharp Losses, The down
Netd muvumcnt Was accelerated by
l-.a execution Of btOp-losN orders.
virs "a, market showed i.ebl"
r.''"- 81 Tliiyiuy, but renewal ot tn"
-tr pressure caused II resumption ~
-f" downward movement. Toward
ms 6.Gsy some support "ds extended
t,i resulted ~ yaiiies here ard there
.ui uny - two points from the lowest
IFUrc. for tn" session but flnal quo
.t.pn. wcrs near the lowest level
with IN" Und"rtpr" heavy,
iniu,trinI- Chief sufferers.
l4Guldttipu Was most pronounced
70 ~. nhltrin! department and
prp.d,lr" "a tina, direction was 30
YA.,E that II induced offsr!nga Of
-, -..Fh Grade issues which In tn"
.....--.r OF reading lost as much aa
- points. Shipping shares We're
HI-p pHdrr attack and scored sharp
l.sere. No maximum decline h".ng
90 Atlantic cult and west indies.
'oWnisslon house" were iusy to-
~ :. result .. CATS for margin TN"
AT. week many declines have been
doid out, b,inr 'oretd 70 take some
purchased inont.a aSp al muca nigh
al iriccs.
london = ag Ts = seller OF Amerli
s.,'s.l certificate. Led the rsripienW
uG.tse securities 10 believe that tHc
Eng lGh hay" !spuldated the large
tIockr VI American shares deposited
with the government ana are nov
EerapUing tue bottom Of the box.
Take Losses q" Dodge T1ar..
wealthy inEesloFh hhE. ht'rt,n re-
,nr'tng losses IN s"cprttice for taS
r~s"sIl purposes. ono house says That
'-nc 81 III wcalthicst ci!cn;s hay"
'-,-"H dlRpos'nE % securities IN me
Tul- arm state. that people are
s"liins securities which would never
pave seen the light OF day except
I n1t tho owners want 10 take adrant-
.-.e-ui the reduction IN quoted prices
Go reduce their tax payments 10 the
EOS. eminent IN most Instances the
p.ratus selling the securities lnm.-
niatSy Purchase some other equally
ps so1d Investment.
t.ninE Ia General Electric war VIM
-NlD!y heavy. the STOCK a; one tine
. -flNw!ua IL decline OF more than ten
..pints For high class investment
.r-Us the weakness was considered
t'LN InCant.
'riic reduction OF forces hss been
~l4rLed ~ tho railroads as predicted
~ I. banker lngt weak. The Penn
4lyan!a and the Sew York Central
.-N4 taken the lend. Notices thay
certain forces would he reduced
Nera posted 81 these companies yes