Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-04-27
AIDING EXCITED OVER
iUPREME COURT RULING
CIR to Distribute Holdings Sends
ian! Railroad Stocks Soaring
Upward.
ny uROADHN w,I.I

eW YORK. April 26.-rhe SUI
ne Court decision ordering the
dihS Railroad 10 distribute us
Digs. gave Wall street an cxc!t-
afternoon. Just before the de
On wa. rendered the lis, turned
". aIi.houah 1t had been strong
ding. which had been around 81.
,ped TO -. From that figure II
nted rapidly after announcement
made that the decision was be-
reah: Before the Street knew
had been decided. II was sell
len came brief period OF hesi-
IN as the gambling element took
rs and from SO II moved across
closing at the top. Other road,
attracted upward By tho move
g New York Central and Ba!ti-
and Ohio. which are large
7. advanced sharply. the latter
ing. hvo points and the former
iy four. Southern Plciilc. Texas
Pacific. Pittsburgh and West
lnla were other rails 10 move UP
ky.
Induxtrinls brisk.
MS movement In the rails was
ctcd In the industriais at the
or the day. although they hung
ut first. General Motors went
new high for the present move
rty points. Wooden moved up
We points following confidential
ilation OF the annual report.
N Will be made public at noon
prov
Wall street has the figures. bu;
nc~spaper. are bound not TO pub
them till they are officially re-
.d. The only problem in wooden
'hcihcr The extra dividend Will
y cash or stock. 1t should be a
isomc one.
wing TO the splendid bank posi-
disclosed on Saturday for the
York district. all stocks were
!, General Motors. the Ryan is-
ana Reading were we'll bought.
the Ryan stocks. Consolidated
lie Was most prominent and II
a new high record by crossing
i-six. Reading was under in
ice OF the streets expectation OF
eclsion. Lackawanna steel was
yen bought that the Street was
aRain with the rumOr OF a new
corporation heing organized.
the buying OF United States steel
e was tho talk OF a large stock
lend to be declared tomorrow
rnoon. II this steel dividend is
declared Wall street will lie Bit
disappointed.
Predict Further Advance.
ecuiativc Wall stree, believes
ling stock VII! have a material
acr advance as dissolution pro-
:. For many years the favoritc
:mcnt OF bull pools In Reading
oeen that the company had vas,
called assets. These assets we're
called only in the sense that they
not scheduled In the records OF
company at their market prices.
ie their own imag!nations in fix
values. There is no question that
values are very LARGE. and now
ybody liz tiGurIng them again. II
be strange ifReading does no,
me excited as a result. Bankers
the stock is a good investment
= ut this level, FOR they believe
Justify all that has ever been
:. with II In the market
|tw that the Reading prize In
tt to be distributed Wall Street
ginning TO pay attention TO other
cad stocks. Even before the
was good buying here and
The favoritcs were: Texas and
nc, Pittsburgh and West viz
;. Perc Marquette and Union
nc. IL liz felt that tho railroad
ss have not even begun TO dis
4 the new law In their favor re-
ly pa"sed by Congress. They are
ling their strike with the men.
a period OF comparatively profit
,opcration may be expected. The
thing In favor OF the railroads
he overwhelming sentiment OF
public against strikers. Tho
lie are beginning to realize that
. ,ou, transportation no industry
thrive.
Isc trains must move even though
Ssht rates move also.
was the prospect OF getting the
;ht trains IN motion that helped
indus,riala today fully as much
Id the good bunk position.
General Motors lmprcssivc.
nc advance OF General Motors was
Impressive, coming as /, did on
of a sharp advance Saturday. At
high figure today IL showed an
'ovement OF forty-threc points
the low fisure of last week.
G is talk again OF Motors TAX
In another important company.
rprovement of Mexican Petroleum
Pan merican were the result OF
tier understanding OF tho MeXi-
situation. The moro warships TO
s Mexico the higher these stocks
Id rise.
. &c crop situation is beginning to
yet more attention In the Street.
not good for any particular crop
sfar. Tho situation in regard TO
N planting caused an advance OF
> than 100 points in the market
Options today.
&C turned very heavy. the lat
"A ri irniarlr 60