Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-22
SHARP BIDDING UP OF
SPECIAL TIES IN MARKET
Rails Arc Heavy, aus Are the Steel
and Certain Equipment
Stocks.
OILS AND MOTORS IN LEAD
Feature of Day Is Ease With Which
Pool Operating In General As
phnit Marks Price Up TO Of,
L. Points Above Lowest.
,IIS AND MOTORS IN LEAD
by u. L.. Bnrriuni.

Wy u. u" bnrnuni.
NE" YORK. March 2i.-Th. stock
market today witnessed a sharp bid
dlng up OF spcClaitics during the
carly trading. which resulted in heavy
IN the afternoon. On the advance tho
OTIS; motors. and certain speciaitics
,ehn III" advance. The rails were
hcavy. as was the steel and certain
equipment stocks. American Intcrna
ti"nal VAS firm, while Atlantic GuIi
VIE heavy The leather stocks scored
Epod gains, ON belief that thl open
Weather VIII cause a removed demand
for shoes
GENERAL Asphalt Up.
hc feature of til" market was tho
t''ar Win " hich the pool operating
~ teneriil Asphalt marked the price
..p 10 Of, which il n points abov"
200! ~ supposed TO be the same tina
forced the price above IL in January
wh"n rumors wcr" circulated tina: TN.
loyal Dutch interests were ncgo,iat
iiiG Tor the coinpaDy's property in
south America The ru,npr was sue
Gcssfui in advancing the stock. hut
Eo}ai Dutch denied that such am oD-
Grafton Was underway. The pool
however. circulated tho same story
dnrlns the early hours today and
even though th.rc is nothing In /;
u VAS ruccessfuI in causing the short =
70 cover their commitments. resulting
IN me SHARP advance. There was a
reaction later, however when IN.
short covering ceased
IN" foreign cSchnngc markets con
tinu" strong. while time money con
'lnncs 70 be quoted around per
cent There ~ virtually no change
10 the call money situation, although
IL Is expected that easier rates arr
not tar dtatanccd Little attention IL
paid TO tn. rate Of > 81 per cent
guoted for cali loans in the outside
loans ar" renewed the nest day NJ tho
prevailing renewal rate which is gen
eTnlIS per cent.
Th" animal report OF the Colorado
a 'EF "a q fgF IA 81, ,.,.st5
a decided Improvement over the re-
port issued FOR 1873 The statement
charges ana Federal taxes Of Si.2s6-
500 ~, compared with a deficit OF
S5''Gib ~ the previous year
Huii'iinr indu>tr! Improves.
t"bOrtE coming - band Indicate "a
decided Improvement Ia the building
Industry ia this city. Tho building
c"uhlrhetion within tn" boundaries of
''rchter Sew YORK shuw an incrcasr
"f 81 r"r cent ~ value thus far this
year. az compared with tho corr"-
-pondinE period imt year. 1t * also
"t"l mat ihr movement OF mite
ilA!h mas SHOWN Il corresponding gain.
TIC actual showing q, tTe iorai
,.'HrinE house banks on Saturday
Su""vd large Gecr.nss In surplus.
nut ms WAC OFFSET b. tn" nrt,.,
.sn"wnH in .he local Frdcryi hlaN
rms IA connection with tht cab!cs
over "f the Soviet governments poli-
c!eR IN regard 10 free trade had been
approved by the communist Congress
wa "NpectcG 10 cr"9lo better tone
20 tile stock ruarkct3 but during the
early dealings there WAS consider
hbi" irro&uiariy. due 10 .proh' taxing
on tho part of those wh6 had bought
stocks AT tn" low prices ia the carly
days of last w"Hk
Although tn" market FOR railroad
stocks was somewhat Irregular to-
d5iH . result nj the news from
washington that tho national assoc
cations OF owners "t railroad s"curi-
tics has ncw plan FOR economy
through the establishment OF new
Federal hody a. a way cut of the
present transportation. II was the
opinion in Wal street that it is a
Whit eject thi. plan as formulated
py =. Davies Wart.lJ may have on
the general market situation The
plan seems 20 bring out the danger
~ the present situation. but in the
opinion az som" people III the street,
as val! as some of the railroad eN-
ccutivcs seems To hc that this is tho
propcr time TO cmpha size all the bad
features OF the railroad situation so
,nnt the authorities down at the
capital may hav. no misGivinGs as
the real need for relief.
Goudycar tdiOurns Meeting.
The adjourned meeting Of the
stockholders OF the Goodyear Tire
and Rubber Company. which was
adjourned for few days. due IL is
stated 10 the need fo- mote time TO
carry on negotiations with creditors.
This meeting appears to hold a rec
ord for adjournment. Probably If 1T
Is carried on long enough. there nSy
tie enough Improvement in the trade
10 greatly relieve the company's
financial strain.
Reports are in circulation in bank
ms quarters here that there may be
land and the WHY'S Corporation, due
Il is stated TO relieve the company's
OF the present financial problem The
greatest problems now facing these
companies is their bank loans which
lave been extended by the banks. In
connection with the report IL IL
stated also that ii the merger is con-
summatcd and the banks continue 10
extend the loans. the Improvement in
:ut omoblic demand may also help
these nineteen concerns as well as
many others in this same class which
are confronted with II financial diff