Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-22
FEW STOCKS MAKE GAINS
ON TIRED STOCK MARKET
Wall Street Makes No Prog
ress Since Unexpected Break
in Steel Stocks.
SEE LITrLE DECLINE IN MONEY
bankers Declare Morgan Syndicate
flonting S5U.0U0.uUU Telephone
h"nd> VIII Cali for Payment Any
Day Now.
I:y II. l.. I,arnuu,.

Ey II. l.. Barnum.
NEW YORK. Nov. 2l.--Mcxlcan Pc
troleum. international Paper. the
t"pper sharcr. American Telephone
ana Jew othc- stocks made gains
tVHhy, but The market. as n whole.
!""hcd tired. The facts are that the
market, as a whole, has made no
r'ai progress since the unexpected
break OF week ago today. when
ttc steel shares sold off In many
quarters the belief wac expressed
However. ror the long pull. outside
~ Few professional traders. the
rank and flc In Wall Street is ex-
aeetins higher prices. on easier
money.
I2aprct I.nrgr Failure.
iumprS were heard today that a
lafEc failure might be announced In
IN" very near future. one involving
liabilities OF s5Q.OOO.ooO. Where thcse
TunlurS were heard no facts could be
obtained.
All OF the s2o.oOo,o0O one-ycar :
p"r cent notes OF the Consolidated
Gas Company. w"r" quickly sold. the
suhscgiptipn books being closed short
is after they we're opened The COM
pany paid OFF 100000 or the .25.-
100000 borrowed a year ago at per
cent. In some quarters II was int!-
mated that Consolidated Gas. with
H. very high credit. should have
been able TO borrow IN the present
market cheaper than : per cent. II
probably could on "A long time bond
Issue. but not on onc-ycar notes.
see M Money Decline.
bankers expressed doubts today
over any material decline in money
rates This week. II wac pointed on,
that Thursday would he a holiday.
which meant that cIll-moncy bor-
rowcd on Wednesday, would carry
over until Friday. when lOans made
an that dag would carry over until
The mrs; OF next week /, WAS also
pointed out that the Morgan syndi-
cate floating the S1O,0oG.00o tclc-
phone bonds was likely TO call for
payment any day, and that the mrs,
ol December. with the ueua. month
u cad requirements. was close at
hand
Frank =. Nanderlip Is on his way
home. after having been a"Toad sew
cral months studying conditions. lie
VIII s.cak before the EconoHi!c Club
oH Monday night. November IS. CIV
INK his IMPRESSIONS OF conditions IN
Europe. il Viii be recalled that
couple OF years ago, before !cSIgninS
IRON IN" pfca'ushcs OF 'nc ->'t'0'''t'
t'iy B"hh' Nah"ei'iP n"ue 49,
before ,"f i'S"h"'"'C o.uD' ="
I'VE rnl''.a' ia. ,hIs Ne
,,f,icts.d son,,. eaytnr
that tn,sc pcsslin!>tic uttcranccs
caused the brvak Win the directors
or ,n, Natlona! City That is not
the .ca.uu hc resigned. However, II
must be admitted that Vandcrl!p was
murH uraTsa rIgnt IN A!s estimate OF
conditions abroad thah ihose III "hn
our 81 Wall street VINO ".u'e" "'l,.
rohhn'E '"T Mo S'''N''
ago ,,
..,I ,,d iron
o''o".' 80 80 -, ~ 40.
w." w 80 y.,r ana
wv G,,nh.r -, ,aqo
'4vo'' .,,-., ., ,,,s ,c,rn,a
~ 49,, -, -. Ia.
CO., ,,i,r .1 ma, soviur
''"'iVi -,
hI." ,, c',,. Ii,r,o sI,ri,.I
.'e ,,s,,,, ,,n., .,-u,,..,
- -, rn..,.., T.,
~ -. r,II, nc,
-, ,,,h.
81 .,,,c,aa
t.i.- -, nncn.du AK ucr cen, and
,''',.,., t.nnr IN -
,., ,,,a S.r ,,.,,rrs
~ VIZ No * no, in
,,,r..l,r,. Tho 81. noo ,op
49,, n,,- ,nv,rn,,,n, Ia
,,n,rt "yb ,y.rid siinpl,