Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-01-05
'AWA|T|NG COURT DECISION
WALL STREET EXPECTING
DECISION ON DIVIDENDS
finnhcIe-u Aiso Anticipate an Early
AWreemHht ON Railroad Hills Now
Under Consideration.
ny BROADAN WALL.

NEN aItSh. Jan. r. W EIiC %pecgla-
tive Wall street looks forward ,ornor-
row TO !, decision from the Sunrco,.
Court regarding tho taxDuili:y OF s,osl;
dividends. the serious people l., high
finance caro- little Tor tina, decision.
If stock dividends are declared tax.
able that feature can be easily avoided
by other devices. suci, as the reduction
OF par values, sales OF now stock NJ
low price and 40 on. Just as Il has
occn done In tho past year by several
important corporations. Nevertheless.
should the court decide tina, stock
dividends arc no, toxaSle aa income
Wall stree. vii! mako ;. a,arkc. boom
out of 1t.
street are worrying inost about is the
condition Of The railroads, the mohcy
know about foreign trades. and the
crop, are the has. t. uf cvcryth:ne IMAM
oial In America Jus, now.
Discuss halfway Bills.
ho1oy:s from Wnfh'as,nn grow n?orc
u.nt u conference on the rai,ronh
"iiis. II is now confidently expected
.nat !. slIion lano, win be l:i! free %
making power viii be given 10 the
Interstate Commerce Commission ahSo-
lutoly. THIS Is rrAssurinc, because IL II
believed that III" comm ssion is now
The mos. competen, body IN america
70 fix such ra,.S. l.nt az, an onsct 10
'ennvh,T tho at.tistrikr ransc Con
.trcsa WI 10 50. down as having eur.
rcndcrcd once more 10 union lahor
The is Il matter .: ninepsc i'm wort
ance, because ,h- farmers of the ccun.
try. who ou'nnnbct union labor ten TO
II the constant victories ~ union Ia
boz. every onc .! which increases the
) dinicuisics cf farming. TIE farmers
arc now strong enough 70 40 some
'ca!rl- work IN th"t" own rChal..
British Vow Incorporating.
Wall Strcet c4nnbt ignore .he fac;
aat the British arc making immense
strides icwcrd -ecup:ration - nc ex,,
nat they viii soon DO In a position 70
invade tho American domestic markets
such az mn,alr and food products, bu:
Kin have it'll. hced OF our manu-
as,y os seras s baYea mefs
" on manufactured articles than on
ny o,hor one hing Al 'rs, the eGcc To-,
Sorce syaiin; Gown of nrohteerin;;
prices and enable Americans to hsv.
Somo Of the .h!ngs that they al need
N supc "a bnndancc but that have hcen
withheld from home consumption BY
the exorh.taR. p.icts.
Spot Cash Zig Asset.
Jcople with sro. cash vii! Ne tha
gamers IN whatever rcedjmstinsnt taxes
place In :h,e ooun,ry. Ih!s IL q tim.
% have spot cam arc !ols OF -.
il a time 10 pay debts, even though
the old deb;s d. carry. iow in,eIes,
rates Tnc high ra'cs being charged
for money through tho influence of the
Federal resersc banks arc an ofi:ial
wa.nin5 !+nni tho :orc:nncnt that
Dus,neEe must u. curtailed and thnt
commercial disaster is rua king ttscf
Visible IN The 10. distant tutnTo. on
no other theory can TIE htoh money
rates bc justified
The only possible course Tor any
American ci,;arn ,p taa. I" !" acrers
.his wsfninS from tae tr-cEF" oanH
Az truthful, and prepare for toe trouble
mat they forecast.
Just al the moment Co1dtiionS arc
right io- u temporary and sharp snocn-
,atIys advance III the stock nsarEct