Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-01
|ERIY BONDS AGAIN IN
Do DEMAND IN MARKET
|;iincs of From 3 to S Points
Occur in Several
Stocks.
'hEns DISCUSS WAR DEBTS
} FInnnciers Ia Wall street Bc-
In hendjustinE the Nepnru-
pm Ray 900, 900 IN Gold
FiiNcs From IInyre,


wv YORK, Nov. 30.-'rhcrc was
OF reaction In the stock mar
GOA! than at any time since the
irai reserve r"discount rates
reduced, declines OF from 3 TO
oihts occurring in Mexican Pc
uhl' DAWSON Chemical. Interua-
al iap"r. with smaller losses In
o'her Industrial shares. The
also Eoid OF but were bough,
every fractional decline.
purity bonds were again in good
ahf, the heaviest trading being
'Ec ihird Liberty i-4s. which
h'a $3.50 before noon These
~ SOFA this year as low as 65.3i
'hst year as low az 81. Some
wa market Nobscrvcrt thought
ga" In the continued rise In the
h,nent war bonds signs that the
''di reserve rcd.scount rates were
IN To he reduced. The Federal
cFVe Board and The Treasury De-
inent worked hand in hahd in
3ihS interest rates down during
period OF government war Dor.
ing. and plans are now taking
pc Tor the rcfunding cf part Of
bonda having a short ma
~. Naturally the government
Is the interest rate on the new
huing Issue TO be Az low ~ pos
Sterling strong.
.ri'nc Mas strong today and
X which sold yesterday at 3Sl-4
very active excited trading to a.
NIX :. Vanderbilt sage. IN discuss
aentincnt In Europe regarding
debts owed us. that II wc wer.
nnouncc tomorrow that the whole
pvp.vpb,p0o h>.l been Cancelled
ut the only comment that would
mAde would be surprise that II
not occurred 20 US sooner TO take
action. From London cables
Information obtained here In
EinS circles. II is plain that scnti-
In England is growing rapidly
aHor 81 reducing war debts owed
'ot consideration. and in ad-
Ing the German PREPARATION pay
ITS downward. 1t is the growing
OF a conference 10 rcadjusi the
ira,i0n payments that Is behind
advance IN marks.
any bankers here also believe In
3a)ustinH the PREPARATION payments
war debts. on the ground chat
l" surface Indications in part
Europe are encouraging, in re-
3 the currency situation !s going
| N bad To worse. However. II is
- realized that any progress
10 In influencing Compress and
| llic sentiment In this direction
| be painfully slow For the aver.
man In the Street believes that
money loaned foreign govern
1ts wac loaned and borrowed IN
10 faith and should be- treated &C
|dinEIy. he also knows that We
not getting any OF the V"pUra-
IN payments or TERRITORY oonrcs-
ms Obtained By ou- allies and bc-
yes that Germany is spending
re time trying to prov. tha, She
mot pay than in honestly trying
pay.
S6,OoO.GOo In Gold Arrives.
.oday'e Iron Age says tina, buying
oil companies and inquiries from
! railroads for cars and locomD-
$ have been the main features ~
iron and si.t! trade during the
Il week. The Sinclair Crude oil
|rchasing Company announced to-
u thai MY $4,000 barrel thinks
I hc.n ordered to put in the Texas
d.. indicating that that company
u the Standard oil o; Indiana were
ng to DO more business in that
'r!tory.
fcX lean Pctrolcum's weakness was
!, TO the news that the Mexican
Scrnmcnt had increased the export
from 90 TO 40 cents a barrel. This
not help the Mexican oil indus
but will help our domestic oil
npan!rs.
F.. shipment Of 100000 gold ar
ed today on the Ia Touraine from
vre.
directors OF the United Retail
res met today and declared the
'ular quarterly ! l-2 per cent di-
end.
:. T.. Goodrich Company. according
Akron dispatches. has increased
tire manufacturing force by 500
n.
burlington has declared . per cent
3 year on $4,000. 900 stock and
Der cent on si7o,0oo.O00. If only
Der cent is declared tomorrow II
/ give Great Northern and North
4 Pacific together sG.SSi 900 for
ir dividends; IL an extra 10 per
Il is declared each viii get that
oh