Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-11
GENERAL PRICES DOWN IN
GOTHAM STOCK MARKET
Railroad Shares Give Greatest Sign
OF Weakness, Due to Labor
Situation.
COPPER ALSO TAKES SLUMP
There Is Little or No Change in
is; Money Markct-Ratcs for Cali
Loans Generally Iscing Around
49, Per Cent.

3 NEW YORK. March i0-Thr S;ock
market was again lower today
Prices in general were down from
Il TO points with tho railroad shares
/ giving the greatest sign Of weakness.
due to the wage and labor situation.
ana tho bearing this may have on
another nationwide strike. Although
the selling WAS. general throughout
the list. tho n.irkTt at no tim. gaNr
amy signs OF urgent liquidation. Royal
Dutch actually advanced I'M face Of
tine entire market selling up 10 ~ IL
as compared wiki q close yesterday
OF 81. Chandler was also higher on
the dividend news. Among the rail
81 Iaui common ana preferred,
: Which were down from 10 3 points.
Secretary OF the Treasury Mellon
in the Washington dispatchcs is
credited with stating that business
conditions were sound Wal. Street.
however. paid little attention to this
'eniark. as il has been heard <" often
81 late that they place lit;le crcdencc
IN such remarks. Some dag. however.
J; may turn out 10 be a story OF the
cry or the Wolf What Wall Street
statement Of the Treasury head that
the economic outlook indicates lower
Bank rates seem pus&!'5 prov!diu.
conditions continue I" progress to-
as they have in the recent past roi.
some time Wall street has h.."m dis
cuSSinT reductions IN the Federal re-
RaiirnnJs Have Decline.
nc railroad vase Situation Is COM
'n"nc!nc to l., question OF grave
concern I" Wall Street. and the prices
oi the leading railroad stocks traded
~ IN ms market have reflected This
SITUATION within the past fcw days
sharp declines hay, boon registered
~ many oil inc prominent Investment
issues as result Of the fear thar a
general reduction in wages Will nrob-
-a AM, end In another strike. which
Win the pr.-.nt condition Of a rr,ir.
IN tho business world Vii! ada +" our,
numerous troubles. Adviccs rnc.il.cI
from Washington state that an i'm
n0t!;am' MESSAGE on the railrond sit
, uatiSn is "Npectcd to bc sent ly Pres
ident Harding To the extra session of
From The Information at hand i, is
iniimatct mat a revision of the Cum
nins- Esch bin = likely. bu, il Is *.
p"clcd ihai another congrcysionnl in
N,dis.isa,ion VIII b" ASKED by the Pres
!heHe lines .ore r mnE are taken along
il.ormaiion obtained several DAYS AGO
Maii street houses with Wash
ION connections; IL having been
iInn was likely.
The statement Of untitled orders ON
pIokS ct the steel corporation
1I"Nri . reduction OF slightly more
man 100000 tons. bringing Tie t"tal
own 10 the lowest level since DE-
@@sh as S' w y:f sl TG$ r Sn Va
Win the orders now IN tic books !,
SILNnht"d That the company has
NonSh business TO keep Operating az
&c present ca Daciiv Of a5oI;; c., nor
cent tor ~ least six months
n.rn.tor. OF The Chandler Motor
D"rp,n;&t.on declared tho regular
ne StG.k rallied OH tho announrc-
g nneni For. some time past thor. h,s
n'Sh ,,P1s,rnlat!on IN Wall Stree, thai
-" ms - ne stock, declined Ia - last
W"ct The president nj IN" company
N'"''S t.'t business is satisfactory.
-, t"rncr Prices Dcciirc
Ihc hydraulic steel Comnauv ms
mm"s$'n rs common dividend Tor tho
rSdt limc in thirteen Years Phelps
rate from So 80 In 81 -
=, copper price declined 10 - nov low,
rcco!d today sales being made al -
sin"s Echr, POND. thG loves, price
2 metal sold at ll.13 ccuts. In IoIz ~
Wrh price was sc cents Tho demand
ior IN" meta continued on a very.
small scale. both for home ana for,
vcHn account, ana producing, are com
, E'encinS To feel concerned over No
,% ,Mn u !. r,"ror,eh ,ha, some Of
7 .hm Coinhan mes hay" been forced to
sol NOR Liberty bonds 10 carry thci,.
prire for the metal A"TT h be t,Gs low y,
inc nigh costs of rrcs,nctior. state.
reduction Of 81 in uinnrs, 49,. 80 ~
+ being contaminated, This was no, .S
yet confirmed. but corner men stare
mat they would not hc surprised Il:
such wcrc tho case
- a shipment Of 81 600. o0n goid was
TcctiNcd from Canada today. This no
ing tn" first consignment in Counor-
ii"n with the 80 e0o.n0o Canadian
government lonu. which naturns on
April !. and which the rovcrnfncut
stated II wculi pay OF at maturity.
tn" aunra! rcnor' OF the STANDARD
OIL Companv .f california shows u.t
profits OF sii.Gii.Oue. witch is oc,,yi
TO !ii.' % n"T share on The ccrnpanv'.
capital stock as compared with cam