Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-11
(ME STOCKS SET NEW
HIGH RECORDS FOR YEAR
oft Taking in Make. Is
Followed by Upward
Movement.
ABE IMPROVEMENT REPORTED
Fironds Give Slams OF Getting
eahy for Larger Misunderstanding
nto Market for Cars and naiis
|'ithin Last Few Days.
By II. q. Ilnrpu,u.

CW YORK, Nov. 10.-proft talk.
occurred in the stock market dur
the first hour. but then another
fard movement started that car
BALDWIN. Steel common. Corn Pro-
Is. Standard OH shares and u num-
OF other stocks to now high
BIRDS for the year,
all street was greatly impressed
the statement from Lloyd George
4 the worst OF the trade depreB-
Is over"
fhile Engiand's foreign trade
ement for October just published.
us heavy loss compared with
same month Of last year. sub
't!al gain was reported in ex-
$ over September OF th.a year.
n. too. sentiment was Improved
the news that England Is going
tart next year and pay VIZ $780,
900 interest In two indictments
the $3.50 600 900. borrowed dur
the WIZ. at 6 per cent. on which
100000 Interest Is now past due.
stcndy Gnins Repurted.
u, England in not the only coun-
reporting an Improvement In gem
trade. For the pas. Two months
e have been steady gains re-
ed by Eastern steel ana iron
. III" West was the only part of
country that seemed 70 be rnarh-
time. Today word came from
irman Neinper. o. the CONNER
Trust Company, o. Kansas City,
larGcsi financial histituuon In
Southwest, "wr are working out
ard better limos"
plays regular monthly statement
ie United States Steel Corpoiaricn
%eh untitled orders on October 81,
'2sG.h2' tong. i decrease OF 273.-
compared with the close Of Sep
per. when 100000 tona were re-
Us evihcn. that the railroads are
Ing ready for larger business.
Ing the ntst nine and onc-half
thu OF this year only 100 Loco
ives wero purchased. OF which
y-hvc were purchased since the
nuinE OF October. Only within
past few days railroads have be-
10 come into The market for cars
rails. Today Atch!son placed
o-dcr FOR ..50o refrigerator ours
ost sS.o0o.opQ. Yesterday 1T was
DIS Central. Hardly :. day goes
now without the unnou::cencnt
some large railroad order being
cd. and Wall street Is beginning
isk IL u. long delayed Dig buy
by the carrlet. has really started.
Rciurns From railroads.
|ndny tho Interstate Commences
rrnission made public tho returns
81 ral'ruade Cor september: South
Pacific, which should turn "a u
operating income ,oi around 49,
ycp, Is s,iil 70 bo heard from.
;hrre others makin& up the 203
lass l. Tho !g' show gross earn
Of si... 1gG.p00. decrease Of
per cent. compared With ths same
tth q! last year with q decrease
262 per cent IN operating e1-
scs ard Il gaia OF II per cen, In
operating income 20 Ss2.IU7. 600.
g. Il is plain that the final atate-
I viii snow II net operating an
BE- Tor September only Slightly
~ August al this year. w?leu ;
cent was earned Oh property &C
Int 'Tais means substantial
,uIt earned !or the stock after
rncut oi operating expenses. taxes
fixed .Eargcs. only - very few
this ago the railroads az = whole
g not earning even their bar"
Eating expenses. y cot OF ground
been covered IN these few mon this
ugh development OF operating ~
ncy and through the reductions
he cost Of supplies. materials and
". And more ground along the
G lines is to be covered. That Is
good seasoned dividend paying
road shares were accu mulated ~
.wd investors during tn. rast two
lths and why these stocks are
being bought for the long pull.
nitad Cigar Stores reports a de-
sc OF 10 per cent In sales for
bier. compared with last year. but
hin OF 10 per cont com pared with
For the ten months there was
.creuse Of Is. contrasted with the
G period OF 1920. but gain of
per cent over 1919. There WAS
tn in the tobacco trade ns re-
re fhfs fo nn In Ise