Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-08-24
MARKET RECEIVERS, BUT
TRADING CROWS QUIET
lexlcan Petroleum Responds
to Rcpor, Of Conferences
With Oregon.
''"oo,ooo FRENCH GOLD ARRIVES
hi' street Hears That n Price Cut
~ Steel 1tniIS In Coming-I:xpec,s
,t"i'r"nds VIII begin Bu,Ing In
Near Future.
By II. l.. Nnrnufn,

NEW YORK. Aug. 2s.-Prices on
e stock exchange opened lower thls
'orning. sold or. and then recovered
'er which trading grew very quiet
hu' seems TO be "A regular schedule
IA, viii be followed until som.
clops
Mexican Petroleum. which clorca AT,
"-' opcucd at ~. AMI thc, sofa
70 20 II on the news that prcsi
ny IraEl. "r tbs Standard OF OF
Jersey. President nchoucy. OF
"Nican Petroleum: President Van
3!ke' OF Atlantic RcnninI: Hartman
| "'I"lr. "i Sinclair Consolidated and
resident Beatty. OF Texas OIL ar.
nout 10 start 10 Mexico TO Confer
ith President Oregon Of Mexico
is believed here that the trim viii
sui In the removal OF the cSport
* on oil imposed by the Mexican
o'crnin"nt when II was learned that
ohEr'ss was about 10 include an i'm
TAX on oil In the new tariff bill
import tax on our tariff bill
as since been removed
sS.rO.0tN Gold Arrives.
'hipincnt of ss,0O00O0 gold has
rance. ~" '''"''
wan street heard carly today thni
,'c would be Coca Cola MEETINGS
wa! mere and mt Atlanta at which
IL per cent E"miannual dIvi.
ehn on the preferred shares. which
hs suspended last June. would ho
esnmcd; also that there would no
change Of New York representa-
'cs. IL was reported that IN. com
ahyB earnings for June and July
e'aE"h 100000 month: that three
'"!A OF the years dividends an
I"v'p.o"p preferred shares were
~" III Ju!y; that before The end
IN" year. with sugar down nr1
in labor cheaper. monthly cnr,tn,.a
QUA he up To 1000 900. tim, ,ho
3'npnny had worked on, Of lis hiph.
riccd sugar. This accounts for ,l,o
,eh' '5-potnt advance I'm the stock
,hl"n Pacific July earnings pub.
Sh'" today show 3liOio. 600 gross
'thphf"t with 3l6.3S2. 600 Tor thn
me month; least year and sltGoo
~ l'l' Operating not income WINS
100 against S250.OoO, ana "a.
1''.pop respectivcly. For the sovcn
ohth" gross wax ssl.lgs.O .lOo
|5ioOo ana 1892 600 Respectively
IN net operating income sl2.4s4.-
~ S-p'ihp'"up and S20.3lt.000.
Report Ryan Active.
ish'nors were widely circulated
r"n"hout The financial distric. that
Han \ Ryan for months pas, had
zen making iot Of money on tho
|ior, SID" OF the stock market while
lceninG very quiet
cuba cane directors nrc working q,
nc Tehnancinr Of TINT company.
here is SIS 600, o0o maturing this
onth on acccptnnccs secured hv
irar In warehouses. $4,000. 600 owed
|, banks secured by rcccivabies and
|1ncthinE like $4,000 900 to $1,000
200 70 h" raised to run during the dull
Jason from June to December. Tho
tack sold down over point 10 as.
his. however. ~ not the low, that was
rs some months ago.
Federal sugar. which yesterday an
ounccd nricc-cut .. ten points to
40 cents. today announces another
pa OF ten points TO $50.
Wall Street hears that pricc-c,it
7 steel rails Is coming. The present
rice OF $40 ton for Bcsscnor rails
omparcs with ,55 The high Of last
car, and s2s at this time in 1919.
Epcn Hearth rails are now s,7. AT
ne right price beyond doubt tho
a!iroads Will begin to buy rails. II
,oks like the steel manufacturers
re starting to get prices down where
his buying Will begin.