Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-15
STOCK MARKET DEVOTED
TO MARKING: up PRICES
Improvement in Prices Attributable
T." Several Favorable De-
vcIopncnts.
FINhNCIERS ARE GI,.,TIFIr.D
industrial Corporations and For
ciEn Governments Make Further
demands Upon Investors for Adj
ditional Capital.
F1NANCIERs ARE GKaTIFIED
BY nI,UADAN WALL.

NEW YORK. Feb. l4.-With the
exception OF about fifteen minutes
before the close. the stock market
session was devoted today to the
marking up Of prices OF some of
me speciaItiu. u was not until
Ie"r the close that tho ao-c=iii.d
standard issues began To show any
fit"s ri activity The strength then
D'Ndihc pronounced ana tho upward
tue day closed
Gives Cause or High Prices.
nrr"E' tn"nt In prices Was attrs-
i.'it". On" OF tho most important Of
me-. Was tue continued aIvJnc. in
''"f!'n. e&chang" to mcw nigh
pilc" Tor TINS movement and tn. top
most tiEur" since IN. rat, crnss.J
800 Tor the pound sterling last y,ar
~" steady rise in tn" quotation Tor
SicrlinS is attributed by some Of the
I"rEtAt Internal lonal bankers. TO the
marrow market existing and IN. fn,,
lnat % view o: tho reduced supply
o' blllS IL takes but relatively small
purchases 10 cau"" a rise IL! tn. rate,
~ inns time. Another favorable in
hl"uc" WAS announcement 81 AN in
Ufthso ~ one refining company ln
~ Piiv. OF sugar and Il rise made
pHbilH 10y one o!l company i'm tho
pri"s 81 crude oil. The latter two
actions would indicate tina, thor, is
~ least some uncertainty amuug
mos" Industries as to whether prices
nave been brought down too far
Industrial CORPORATIONS and foreign
governments undc further helua ;isis
upon Investors today FOR additional
,apiihi when q total OF abnu, So
"'" "h" 90 new financing vas ua-
n"unc"d. About $4,000 GEO Of This
Auanrlng VIII lift that much OF bank;
iuaiirn {" that extent The nndu-
'ial district was =ratincd with to-.
'nrih"r imarkins M az the reserve
'i thc Federal Reserve system. ns
Shown by las, woke report. call
money continued firm al : per cent
ih"r- "ilt De Withdrawals tomorrow
- tho tHit"i States Government.
iT"ti IT," "taA. iu this Federal Re
serve District .-uch withdrawals by
.he EoY"rum"ui are usually made on
Tuesdays. and Thursdays
on shnyrs 60 Strong
strength and activity H. tn. oil
-haTr- Was p'pnvunc"d owing 20 am
nnunc"Fn"rt MAT the Humble OH x
t"hniHg company had Increased the
vr'.' %: ranger crud" rom S!.,5 t"
= bHrr"l II also hrcIuc known
uht Tho prhri' oil and gas has taken
- th" restrictions which hav. been
i' '>ist"rcr III. lag, three or four
Iurchas,d. These TWO DEVELOPMENTS
" err" interpreted as M. Hing that tho
suhrp declines ~ tho prices Of oil
"iin"un""d since tn" beginning OF this
haV, reached a lrVcI where moro
competition Viii devotion Mexican
E"'rO!, rm led with a rise %! more
than four points. Atlantic. Gulf and
W"s, Indies participated 10 the -N-
'"nt Of two points. although IN"
street PERSISTS "a achieving that the
hlNtdend will - cut substantially. \
Tip" 10 hgy Texas and Pacific coal
aud OIL VAS circulated lat" Friday
aud again before the opening II thu
market today helped the ms !dcrs o;
IA" pool unload part OF their hold
.ugS which We're requiring sonic Ct
turr - carry
I:uwurs mat - piece OF financing
-liiaT to that announced ia the COM
u..:!ou with taxing over 100000 900
pounds ~ copper by ;hc Copper ~
port Association. would ha Corsuin-
mated 90 connection with sugar
bclpcd inCrcsS". speculative Interest
IN tbr sugar stpCNs. prominent bank
yrS. however said this would not br
necessary for sugar inasmuch as that
4''uHfipu had improved materially