Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-07-02
Dill SHARES AGAIN SHOW
WEAKNESS IN NEW YORK
Mexican Petroleum Breaks Five
POINTS to New Low Reconnaissance
line Takes Another Drop.
PACKARD REDUCES PRICES
Steel Prices During Past Week
Remain Unchanged at 55.1i.
Sears ~ Rocbuck Sales Fall on
During June.
Ny IL. J., lbnrnuu,

NEW YORK. July I-On share.
were weak again today during the
early trading. Mexican PETROLEUM
breaking five points 10 a new low
record. Cuts OF cents gallon were
announced in gasoline prices for
Georgia. Alabama. Mississippi and
Louisiana. with a reduction Of -
cents in South Carolina and cent
In Pennsylvania and Delaware. ke-o-
sene prices were also reduced cen,
In PENNSYLVANIA and Delaware. Pack
ard announced price cuts i'm DAsScn-
ger cars and trucks ranging from
$500 10 81 900
Sears Roohuck was also weak. THAT
company reported juno sales AZ Sill.
$4,000. drop or S4H7S.OoO. or - $
per cent. compared w!;h the same
month of last year 70: the first ,six
months of the year sales were $50 .
$4,000. down $5l,o52. GOO o. SOS per
cent
:, Rails again acted very wolf. on The
prospects FOR larger gross and small.
er operating expenses 1t was re-
ported today that the strong railway
labor unions had already decided 10
accep, the wage reductions
Railway executives held a session
here today 10 discuss the conference
held by some railroad officials last
Wednesday at Washington with Pres
tdent Harding and Secretary Hoover.
1; is understood that President Hard
irg is in favor o! paying the $500
100000 due the carriers on guaranteed
net income ana fundn.; the $1,000.
! 100000 advanced hy the covernmcn.
during Federal control for improve
mcnis for ten years at { per cent
interest. providing the carriers show
the right spirit in dealing with main
tenance. Tho railroads are claiming
that their property was uudcrmain-
Ntained during Federal control. while
the railroad administration claims
that they were ovcrma!niaincd. II is
understood that President Harding
told the railway officials frankly that
lin his opinion they were not acting
fairly with the government In thor
settlements.
Washington is hearing from Wall
Street on tho proposed tariff While
not talking for publication. the big
men in the financial district are .x-
pressing themselves plainly to the
effect that a mistake is being made.
!. Here, for example. is what the Jour
nal OF Commerce. one az the best =
known business papers in tho country.
tho Ronmhlic"ns for rn,,ara ',t 80 ",
N cav od;,oriouv. "c i. 49,,
warrant th,,,ea,,.a, =; d.,i, =,
ties which must he taken by the
/ rank and file of the nation as a trih-
ute to special interests? Can they
consent to a plan for tho restoration
( OF prices to an even higher level than
4 they now hold. notwithstanding the
1 inevitable downward sweep Of wages
Snr,Ssh TO-. o. ,,,,.',',.5 -.
l ,a., ,.ha,t ~. va.
! ahr5 80, -
cur,.u ,ha ii,,Io ra,,n,n, -. ,. co.
49, trasa., '"'
60, -,
-. IN ~
-. '"N wa - 80 - -, az"
~,
W" -, '"'
- ~ '''' ''''
Wv az,
va ~" ".'' i"''"'
80. - .'','!. 80, ""s
49,. " -. sv.'' Guy nol'' $
.a,,i,, r,on ,, ''.''.''' p"
N,ts ~, ~. va
1 $50 ,.n
a.. 80 49,. m'"s
w i,, rl,, 80
/ n 49, 80, 80 .H'
!. ~. '. w.
6 i,a.,,,a' :"
~
-, =, ..,t,o ". ~
' Wv '.',
a., ,I
,
sond,,;on. c,o,I ,i;,i,
;