Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-08-09
|NER|CAN SUGAR SHARES
| MAY PAY 7 PER CENT
'rcctors OF Company Will Meet
Tomorrow to Act on
Dividend.
|aiLROADS HAVE GOOD DAY
urinS Early Trading They Lost
Ground, but Later Those Who
fried to BUY Found They Must
ray Higher.
hILROADS HAVE GOOD DAY
Ky u. l.. Ijnrnum.


NEW YORK. Aug. 7.-Everybody I'm
All street was guessing today why
~ Morgan did not eail for Eng
M last Saturday with his family
"hh h"ch arranged. hut postponed
IL Trip Tor another week II was
I'hcrally, assumed that something
1'hoftant held him back. II iT known
pat some Louisville and Nashville.
lihnoine Is being worked out by the
organ firm. However. In reliable
|inkinS circles the heller was cx-
"Ss.d that Mr.. Morgan was working
VA Washington on some sugar f.
'ncing for Cuba.
american Sugar was one Of the
ockS 10 show loss today. The
Ircctors meet wednesday, to act on
| dividend. Tho company had u
l"ht and loss surplus on December
iast of $l2.iG5. 000--cnough to pay
per cent OF the ssO.o0O.o0 common
~ preferred shares for two years
other stocks TO sell of today were
r'okiyn Rapid Transit, Industrial
icohol. Tobacco Products, Retail
Gree. Asphalt. Cuba Cane. Sinclair
There Is steady liquidation go-
on in tho stock last named.
Run ON Eour-Dny Week.
STANDARD oil, OF New Jersey. an
'nnr"d today that It's big Bayonnc
ln"fy. which has been running on
~ time since long before tn. war
I'd rrpp 10 four-dny week. This
is generally considered bcarieh on
%! stocks. In this connection II
ne learned today that there arc now
p.oO0,OOO barrels OF crude oil In
country the largest supply since
ka
pragc capacity ~ not much more
an 100000 barrels: that the figure
sincd Is nearly a six months supply:
~ ~" bringing In ot "a now well
DAY Is no longer hailed with de-
,ht
american Locomotive, som" 81 tho
hcr railway equipment stocks. Cali.
rnla Packing and come nf the rails
TED very well today. During the
riy trading The rails lost ground.
later in the day those who tried
buy found that IN order TO get
ocks they must pay higher than
g market
East shows Dcrrrns-.
Practically all Of the important
ilroaa" have now published their
IN" earnings Thcs. In the F.as,
POW "a decrease in gross Of AZ per
mt; IN the south. as; in tho West.
|S; for the country rs whole.
SIS OF G.S compared with last year.
net operating Income. Eastern
'mpanics show s22.4io.o0o. against
|, operating deficit las, year OF 49,
$1,000; in the South. net operating
come OF s5..72,0Oo. against "A de-
II OF s7,l33.ooo: in tho West, net
1cratnE income Of s23.o3e.ooo
3;ainst deficit OF tl2,oi7, 600. For
Pc country az a whole. 1876 roads
Pow ne. operating Income Of SSH
I2,Ocn. against last years deficit Of
100000 for the same companies
For the six months there are many
lmpanics that did not earn Hxci
}arges. But Atchleon earned At the
|te OF 10 per cent for It's common
ock and IA per cent. taking into
count the IL per cent cut In wages
hich became effective July l. Bal
! more and Ohio earned 040 and $40.
Effectively; Chesapeake and Ohio.
i 10 and 1910; Illinois Central. II
| Il Is; New York Central. rs and s.:
|.nnsylvan!a, $50 and ESQ; Frisco.
and 10; Union Pacific 8 and 70
\ loan OF $50, 900, 900 10 run two
being arranged for Argentine Tho
/
3ncrican, which included the Guar
i, ty Trust and others. are not hand
q liz the new loan, which liz practi-
| lily completed.
E:nsier Ia RrndJust Wages.
Trade reaction is making il much
sicr 10 rcadjust wages, and in the
NJ run rcadjustcd wages will i'm
owe our general financing and in.
ustrial position. Today's reports
ON the West Virginia soft-coai
Ids state that some mines have ac-
ally drawn away from the highly
Ictatorial United Mine Workers OF
'ncrIca and are operating on an
shop basis on the lower wage
hedulcs Of three years ago The
en- would rather have this than no
ork. Today's upstate dispatches
go report that the Utica Knitting
ILLS. employing 1000, had announced
,othcr cut Of 10 per cent in wages
'ptember l. but with the number
working days week increased
Hom three to five or sin With the
ST OF living down. the workers OF
is mill will be better off at the
. ID Of the week under the new schcd-
c.
! General Motors now has G5.3ai
iarc holders. against 31,02g at this
me last year, l2.3jS in 1919, only
l5l5 in 1915. and 2,663 in 1917. Fart
this increase is due, Of course. to
large increase in the amount OF
|,tstanding stock, but part is also
&c to selling by large insiders, such