Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-01-27
PROFESSIONALS IN PANIC
EARS BECOME FRIGHTENED
md CAUSE BU0YANT MARKET
crlinE Reaches Lowest Level IN His
tory, while Other Foreign Err
change Drops Lower.
ny nRnADAN WALL,

NEW YORK. Jan. 90. --lrofcssiouol
iders worked themselves into a LT,.,
ME In Wall street today, and as =
suit tnerc was L buoyant market in
est existed. This was painfully an.
rent IN crucibln. Chand ~ Sin,n
neral MOTORS. Pierce Arrow. sind!
ktr. Mexican Petroleum ana E:,id-
'ong,, and United states steel die.
'sulshcd itself b. advancing. morc
al point. The rails worc hcnvv
ne" buyIhE power 81 Importance
nc INTO the street. and most OF tho
s'ness began and ended around tho
'sloney wen, TO 10 per cen, In The
eTnoon, but removals were a,
established another now low
o ora 'or an times at sS.5S75. So dil
on'n d. tWcniy-ninc communicating
I.n. tach Francs made 81 new
IT, ia,32; ire a. t.l7. AMI marks
."l0:. This coi.upsc OF The for
~ exchange market was a direct
80. 81 ,hc :tdT;,nc" by the Fedora
SPfVG Hoard Of IT'S discount rates
~ advance postpon.s the pogsibi. i,y
rnncwins active trade with ijurono
aGnnitci!. Very naturally foreign
ehanse vii! continue TO decline as
~ az this. Federal reserve barrier
n''Hs against INTERNATIONAL trade
10 went 10 il5 shillings in London.
new high record.
"a i!nrc o: tho Supreme Court TO
49,, W." u u occ!S!on in the stock div
~ Shses would naturally br. a ben :,
i - onI tie bears were fright
~ IN" when announcement, wn-
NJ Ia" decision would como
Itf "is . si'sht reaction only ana
4 - Il SI4! per .!ranCc.
hiShcst Prices a; Close.
! i'shcst prices .: The aav were ,.,
Ioui ton minutes bcfora ,Ic 1inse
=" ne .aat nv. minutes ,Aere vas
ae.!inE again that shaded price
me most Euoyant ISSUES two ARA
&c points The close was. never.
less. strong for th.. short in;~-,
,nai extremely large.
.."n Ir'rC.cum ioincI the buoy
..s., much 70 the surprise OF both
"hn,Dunccwcnt was made tina,
| h.sph;. had been practically,
l.c" ncar!? everybody In Wal,
c.t .oohcd Tor a" advance OF went.
vsd' hut nov Il appears That Wal,
cet dida't believe inc news ., ~
~ - How believes and the sto,.ii
veslnn'ng 70 show tho eject. POI.
~ ,s o. Washington say tho. 10 no.
.ch much importance TO tnis a6.
.i"cnt or mo oil dispute, Du. ;hni
proves The: do 1901 Understand ;Tn
lean question VIC
,etor a'"rks have such ,a-p,
i, , 10 rs. "n,,.,ppod that II is az
o.
~ rea!!: going mp or go!;,g dow
Up advances Were sccn ,oday. h,,.
5000 as thr short Interest rrtg Gov
nc tErc 'Hnrkc, Tor :rcto: r,acIis
-, Wall stree, Much Puzzled.
ne Supreme Court annnmSrrs 80,
f..sruhry :, which Is next Mund,;
MI adjourn until Mare, !. As in.
we ,aN returns mus. Do died bv
feh -; Wal! Street liz cnnaC!en, MAI
STOCK dividend 1cc'sior .sIv -.
,I,crch next Monday IYurdrcds o..
Mons ~ dollars o: income Cor hi.
,ren.es"ntel by stock divideals.
IL u" absence Of u decision rscin-
~ 40 not know how 10 make on.
10 ." ;aNei, as the ,aw saws in sn
icy "oTds they must be. tho r,,b'jc
ho' know whether 20 turn .hc,sl
par. a. tho market price on tha
-. rn*incni or at The market price
lsc ma cf tho scar. The subjcc:
~. ICY NC supreme Court ought
Sc'I.c d"hn.t"l. oHt o; cnnsiderat!ou
business mon IN rencraI yc-ar5
OF what cNcc, il may have OF, II.
: ok market 80
luartsr!! earnings OF tn. rni,a1
tccs St"c Corporation VII, bc ,nat,c
I'hc ni,"r tho market closes ,on,or.
\ ti,1i Ho"a Estimates ,uu from
arc expected because tho strife
T. Almost cat!rcl" IN the last quar-
Of tn : year. Hut even a. Tho INV
cSt:n@'c. lnc COMPANY u..!! rrnn-
~ Sho" q GOOD margin over d!vi.
Ia requirements unless an extra
mary amount - GOT asi,ic for dcnr.-
non There are ranH who believe
Liberty bonds or victory n5trs'
lN.n:; 'ts cash h1'lrcs 'a--s