Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-05-10
ANNOUNCE REDUCTION or
AUTO AND RUBBER PRICES
News Regarding iicsitating Atti-
tudc of Huns on Reputation Mat
ter Not to Streets Liking.
STOCKS GENERALLY Low
ficrcc-Arrow Publishes Its Earn
inSs for the Quarter Finding
March 3i--Statcrucnt Shows Def
iclt After Fixed Charges.
Iiy Il. l.. IBnrtitiIii.


NEW Ioili, May This morn
!ny's cable news rogtrd!ng tho host
tat!nE attitude OF Germany on ropaya-
ton matter was not TO Wall Streets
from ChicaVo iutimntiuE that IN" DO
c!Sion iy tho railroad Labor BOARD
or tho proposed reduction ~ railway
"aE"a might he held up 'pr - month
oi more Was also diScouraGiut: la
Nlcw 81 tn" cNpcctAtluus that 10 cut in
railway wage wpuid br announced
n.sr"HtHginE If ail d"r"lpum.rts wIs
tho nowa that The oakland had re-
bat the United Sti,tos I.yhbrr Conn
many haH ,u, its tire prices from IL
- 20 per cent. ANA that other cuts
iH automobile prices ".rn to bu .,u-
n"une'd b""au orders wire, not
coming Ia n, had aecu oNpo-tod II
wts IA" automobile compuuio. that
lead the Improvement ~ a number OF
Industries that began severn! weeks
Publish Quarterly Earnings.
Tolowirr tic nnu"unoemcnt OF tho
additional cuts in autoinohiic and tir"
prices F!"rc.- Arrow INhliEhcd its
March ~ Tho statement showed ia
d'Ncl, ati.r hNed chlrres ana taxes
and before Deductions were made FOR
no pros"rrcd GNldcni ~ $4,000
This co1npnros With "a surplus after
'iNut churres and taxes fOr tho cor
rcapond!ug period az last year o:
when viewed rnr TN long pull tho
rIta. uo~ being made hy automobile
MluufActurcfH arc cons turt!v", Tho
wanufncturcrs and th' buyers ar"
Just goo much closer together From
Wall S'r,etT riaw. however tho
IrIcc-Cu'ilns which carries WIKI Il
'ho admssinn ,hn, the i"mand for
cars vas d.sappeariHE WAS not,
Stocks opcnod lower with the au-
'omohla sharus down TIA" most: rr
to noon Tn. market aS whole WAs
h"HNr However. Hs prices declined
'rhdlug J:l.w l"vs uctiyc sNpwi'ir
TINT the real interest Rs nuw on tn,
long and u0t tho shor, side. shortly
reach n.w n-cord.
,tt'er iho TSSoE;g,-y In v5 ing ,o s'. ~:
yrar Il So not snruris!nE ,hu; re-
cotton oeautryd Tho best judges hrrc
wpuiI NOT Nc suTpri'rl e su'r"
prluri We're gained luriu; tho ueN'
aag t,yo 10y nrotessionh ,rad,r=
"ho ~" PLAYING for 4 5"'aacE IN 'he
iutu'tvlai shares. Hu. those whose
orinio"r count f0- Nc most arc look,
mnvcutnt. especially "a The rails lCng
rcfore INC cioH" ~ this week
Today married. the. tw.nti"th ami
vcrsary % ,h', ,$or,hern ra ,,,',,
a wuyru, bright spring day MS this.
Nevertheless thr atmosphere iu Vail
Street
Gui,e dircrcn, The turnover mount
c1 IN 10 al22. 600 shares With IA"
ticker aa much as 'hirty minutes Ae-
hird trading un tho stock EEeh"nE"
aharns cpgld not zoe traded "a except
for cash United states steel com
mon broke 20 point, - g: steel pre-.
rc-rcd % - points % So; 'icncral
rIs .; urIntg 70 1855 s.. Paul ~ IL
points 10 I7i: Delaware 6: liutson 90
points TO 100: Union Pacific 81 points
- 20 northern Pacific opyn"d Al
80 shot w =, opn aD: than iropr,d
jarN 20 ION, when ~" HARTMAN
Kuhn Loeb crowd on ono Hidc and ~"
I'm MORGAN on the other Eot TO-
re,hcr and tecihei 20 s'gN HEh,inE'
Lo", for Real Test.
I.oadcrs IN hG Ei%"i 'r TIKI. t,r' , ,I',
,ost u. the steel corporation and thr
indoucud"n,s IA tho rcaijHstment
rrou (. wrr - peace TIN" basis Is
coming within tho nest 'h'r'T uHyS
Today 'nr NrnerlcHu Iron and S'"",
Irstii,i,o ts'ruateA 'hc Au-' steel
in a., ol'put ~ thirty, comnan'eN
con, IN Tie couu'ry's total production
nt 213nDn toms y ahrinfas" OF 49,
00n toms from March - IN" lowest
level eu record cunsiicrln% clp1ciiE
ste,l Industry os a whole i' RUNNING
M only ono ;hirN ~ ia present
c..oacIty. which rcprcSo"'a an In
grouse of 80 peg cent over p."- war
rnmorrow at noon the sect cor
roratiau viii Giv' on, its unified nr-
der statement as ~ h"r!l so. 'h"
rrurcs in view OF the Increased cn-
nacIty are likely TO. =" disappointing.
oven II they arc srill h'Thcr Than tho
GERS. GOO tons reported AZ IN" cnd of
Nrril, 1919 Thus question VIII
faiso as 10 whether th" company WIN
lie al,'r 10 hold aclltuS prices which
wcrc reduced AprN II. on the aver
age ~ 81 Ton. or a cut ~ ~ Per
cent With tho cut Of last month the
| AVERAGE price Of steel products Is st!n
cS per cen: higher than for 1918.
Wall street believes that u s'ee!
prices can he held FOR thirty days
new buying VIII ievelop from the
Senate iuvrstiration o, the railroads
witch starts tomorrow. ana which
should result In !uWer operating
COSTS to the railroads and lower
freight rates for the shipper.
hrlsT VnnH mann