Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-04-20
D OF BEARS CAUSES
IN ACTIVE STOCKS
investors Arc Looking FOR Fav-
o'nblc Steel Developments.
Scars-itOcbuck's Dividend.
by BRNAntN wsII.

Bf BR0ADAN WALL.
EW YORK. April l9.-Notwith-
9ing the absence Of unfavor-
tdevc!opmcnts over Sunday Ahe
marknt showed pronounced
vJhess during the greater part
~ scSsion and quotations closed
dcbrcciatiorH ranging from
10 nearly seven points in the
active issues. because OF the
esalphai character OF the selling
red a bear raid. AS Is usual in
arp decline the name OF IA proni-
piuhEcr was rumorcd through
me street AS having been IA
W seller Of most OF the recent
rite industrial Issues.
money and the rate after the
wal OF loans 1T . per cent early
lie day. cased on 10 Z per cent
r" II closed. Money ranged as
an & per cent. This compares
q hHai quotation OF $ per cent
friday.
pening Prices, show0i gains
sinS from IL fraction % two
It's. purchases representing an
mutation Of buying orders over
holiday. The strength WAS
clivcI and The whole list gave
under. substantial offerings
ne INT forenoon.
Huying OF l.. :. Steel.
d.c T.. IL. Gary. chairman OF the
ed states Steel Corporation,
poned The enthusiasm somewhat
hose financial people who have
utly been talking about the
fraoIon OF Il substantial hivi-
by TINT company. Offerings OF
most active issue continued up
ne c!oNe OF business. mail prices
Z tho lowest.
iying OF United states Steel
III 30, 3 4A,. as.-,IV a. H. .k.-
& for the account of important
he who are closn Ia tn. direc-
OF The corporation. Purchasers
he stock tcct confident that the
directors vii! do something
favorable Ia the direction Of
asins ihc income Of their
ehoiqcrs.
,rs- RocoucN directors did somc-
handsome for their stock
Frrs when thcy ordered the dis
ition OF Il 10 per cent stock divl-
Tho announcement came fol-
pr the close OF t.t. stock mar
so that the financial district
have 10 wait until tomorrow 10
what Influence the extra pay
in stock viii hay. on the
rs. Only a SINAI! volume OF the
change! hands today At an
nc" .! one point. During tho
market session rrmors were
ne a stock d.yiicnd OF about
jer cent
nc important w!rc houses be-
10 !LV!sc tltc!r customers TO
come IN the. MARE, 10 dispose
cAur!t!.s. They dia ;.ot. how
- advise clients 10 take tho
~" aide OF the market.
prop ~ Grncrni Motors.
RE arrow vas "A speculative
3 ri. .. .HA-- 80. q s fW -.
thu, closed III" days session
an advance. Attention way AZ
d. TO the fact that this issue
4 Favorable possibilities IN
Ills out Of lino with other Indus
80 Brokers pointed out ,hnt the
~ AT thcs" prices. Pierce WAS
AZ at about ciShty-two. Gem
Motors was offered at the eH-
OF prize and closed with IA net
Of nineteen points. The Street
'ned 10 talk about the issu-
n~olihntsd Textile lost nearly
poinGs although earnings foS
three months were announced
,Thg at h rate or nearly &23 a
ron the stock.
9anal AnsDMf.,, was orish;
V two points.
pectation that a decision might
.radcrcd In the Reading case
- an accu mulat!on OF buying
- In that issue during the first
n minutes Of trading. People
~ the shares say that the deci-
Sill ne favorable to the share
.rs ever shouid the III decide
The Reading Tatst scGregate its
properties.
a pool which has been operating
baldwin Vas rumorcd to have
o. . ..- - n.l fI
lid ~ tho reason for the large
ibgs OF that issue.