Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-10-01
RAILS CONTINUE STRONG
IN WALL STREET MARKET
l.chigh Valley Leads Sales
and Goes Up Two
Points.
Liberty BONDS III AGAIN
forcIEn Issues Are on md II Is
Fcnrcd Germany Ia FncIuE IA FL
nnncint Crisis Which VIII Upset
European Securities.
Liberty noNns W AGAIN

NEW YORK. Sept. 30.-Trading on
the stock exchange slowed down con
sidcrably today because of wire trou-
hlcs. FOR the past few days the Yves,
ha" been coming into the market ou
the buying side. To-day. however
owing TO high winds the wire con
ncctions with the West were very
poor.
There was profit taking today in
Baldwin. Mexican petroleum and
Studcbakcr. on the other hand cop
per shares again held strong The
rails, under the leadership "a: Lchirh
Valley. acted very w"ll. I.ehlgh was
w two points. rum"rs being circu-
lated that the segregation plan.
which viii be favorable to the hold
crs OF the common stock. viii bo
announced next week
Liberty Honds Up Again.
Liberty bonds were up again today.
but foreign government issues were
Off. II is feared that Germany IL fac
ing a financial crisis, and that an
upset there would disturb all foreign
bonds.
American Shipbullding Company
published it's annual report today for
the year ending June 80. Gross
amounted TO only s2.3el 900 against
>
ment of dividends there Was "a deficit
of sl,lsl,0OO against "a final surplus
year ago OF .l.22G.0OC. Tho ship
ping Industry has been going through
drastic rcadjustmcnt.
Kelly. springfield tire directors
meet nest Tuesday and the stock OF
that company was very etronG today.
Tho 81 cash dividend has been passed,
hut the 3 per cent quarterly stock
dividend was continued. As far ~
NAH street knows there WIN be no
nc~ development at nuNt weeks met
inr.
Most Itniiroad> show Loss.
rhor. vas another inStallmcnt %.
August railway earnings today. Bur
lurton reported gross OF ,lG.i9i,p00
against si5.iSS.0Or q year ago. Mos,
~ tho railroads have been showing Il
loee on gross. But on the other hand,
while other roads hav" been showing
striking incrcascS in net Operating
income, burlington reports only a.
aTi.OOO for this August against 81
$4,000 {, year AGO Fri" shows 4
sinai! loss IN gross. hut net operating
income OF sSi5,0OO against "a dc'lci,
last year or s5.i32 coo. Rock Island
Uiao shows a small lose IL! gross. win
net operating Income at $2..0h,ooO
AGAINST lIit EIIi : CtNcIt 81 : -sV4'sv'''
/, VAS reported that jGsi before
tn. close OF bue!ncas today that tho
fourteen banks holding L. $. food
products Si,5Q0.O0O notes due since
the middle Of this month have agreed
10 take a bond for This Indebtedness.
Approve stock selling Plan.
Ncw York central directors have
approved plan for selling stock of
tho company 10 employees on monthly
iustal!mcnt payments. Is circular viii
bee sent out within few days am
nouutIns tho plan. Employees must
max. monthly payments Of not less
than one twenty fourth Of tho cost ut
the stock subscribed for. payments 10
-. deducted from tho monthly pay
.ny-lop" 1t is believed by officials
that $4,000 shares OF stock VIII thus
hc placed and tina, III" Subscribers
Nill become better employee.
NeNt Mondays government crop
report viii show II further sharp drop
in the conditions OF cotton. II the
figures published by the Journal OF
Commerce today are correct These
monthly reports. based on inforna
tion obtained from 1880 special field
representatives. have accurately fore
castcd the government reports. To-
days journal OF Commerce reports
show Il condition as of September q
Of only ii.I compared with 55l 4
month ago and ca for the tcn-ycar
average at this time OF year. This
IL the worst ShoWinl. in a generation.