Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-10-08
HEAVY DRIVE ON TOBACCO
IN WALL Street MARKET
Oil Shares Have Rise Of 25
Gents Per Barrel in Sew
cral Shares.
AUTOMOBILE STOCkS SOFT
ichigh ho"cs Two Points Despite
announcement of Its ScgrrEnt don
pinn, Hccauhc OF Opposition From
Government.
AUTOMOBILE sToCks SOFT
Nv L.. I!arnUiii.

NEW YORK. oct 7.-Anothcr drive
wa. made today ai;lin.t the tobacco
stocks ana the automobile sharcs
we're soft Irhii,h lost two points
despite the announcement of it's
g"grrratlon plan because the gov
ornmUnt is opposed To the plan. Tho
stock market rs Il whole. however.
the day before.
Announce Rise In OIL.
Today's most interesting news de-
Vrlopmcut from WAL S,rccJa view
r"int was tho announcement Of
further advances "a. q ccrta bar.
rot iu pcuusyivuuia, Kansas. OKLA.
hr'Da and Tens crude oil standard
OH az sew York made a quick adj
vance of five points on the curb ANA
ol shares t"aiei IN on tho BIZ. noor
were strong The continued adj
vnuccs In crude oil prices VAS the
subject urporinDst IN Wal! street dis
custom today.
According to tho best Information
oh,ninabl" ;hcre has been no change
in trade conditions justi'yng the ad-
yanccs I'm crude oil Moreover there
las hncn no distribution in the large
supplies " crude on now held in this
country.
hHiiNh' W IN Washington.
mum H- 'IincUt railway Of
Nc.aiS wee. hlugton today ac-
rordln@ 80 rrlv ldviccs confcrrinr
on the ground 10 br covered y, The
meeting 81 the Railway Executives
seycjation to bc held at Chicn@o on
October IL II Is understood that
railway executives are In favor OF n
rcHorai reduction in freight rate.
providing ;ha; the railroad labor
Nonrd can he made TO gee that an
other cut should be made in railway
waroq.
PENNSYLVANIA in order to stimulate
ore shipments is planning To ask the
Interstate commcrcc Commission to
r%ni, q temporary cut Of - per cent
in orc rates. 70 run probably until the
.ul Of this ycar
No chang" was reported in tn"
w"cklv hveraE" ~ c!gh, principal
Iron and steel prnduc,s. the npurcs
remaiuiur at IS 20 nf:ainst ss.J2 a
month ago. $500 the nigh FOR 1870.
nnd 1850 Tor 1913 From now on AN
incr"as" SHOULD toe expected In this
average
Twn i'"r-irn Looms offered.
public Offering WAS made here
toGaw % two foreign loans. which
Inv. bccn under negotiation for some
't'iitt ono 81 -sNN' 'NV WIN 'tr
- Of the STATE ~ Queensland. Aus
'tgaliH. Al o.. making the income re-
turn no. Tho other Of Sl2.o0C.O0O Guy
81 no hH Jl."iro twenty five year
rs at on 10 yi"ld the buyer So per
cent. The bank!ug syndicate, offer
ina the issue EAST named. announced
lrfore the ouoning ~ business that
au Of the bonds had been EUlG Sud
that tho Subscription books hH! noen
closed rh.s is IN" mt i'He AUS
Jrai,Hu bonds have hc'n offered in
this market. tina, e Yr'ry doing it's
financing !u L"1l.u wrcr. CO peg
cent of thr l,.ns sold boar Interest
'cf only neg scnt or less
In hotH cases ;hc ,nnncy thus
raised wIii he used for public i'm
prov monls which means another step
forward IN using accumulated ma
icr.oia aud tna"ing out "trozen''
loans.
GOA 10 tho amoum, Of three quar-
icrs ~ q million came in today on
the olympic. Several other small
shipments wyH. received.