Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-17
DLDERS OF STOCK FOR
ADVANCES ENCOURAGED.
Pport Lower Freight Rates
to Be Held Up Pend
ing Wage Cuts.
EnLlNG AGAIN TOUCHES y
PIPER Gains on New York Market.
freight Car LoadinEs for the
Seek show Failing on OF
HS II. l.. I,arnum.


fEW YORK. Nov. 1s.-Those hold
stocks for an advance were en-
irased by the days action OF the
rket, especially for the rails. 1t
rumored about early in the day
the railroads were to file lower
es In the near. future. but that the
schedules were to be held up by
Interstate Commerce Commission
IL lower wages became effective.
method OF handling the rate sit
ION, II was explained by railway
Gals. would convince the public
the good faith of the carriers In
nsposinS lower wages Into lower
Sht rates. As a matter OF tactics.
also good movement. for IL Will
'te pressure on the part Of Dusl-
men all over the country for
~ action by the Railroad Labor
FRA on the proposed reduction of
per cent in wages.
ne OF the interesting news de-
ipments Of the day was a further
ahce In sterling to the high point
ched last May. slightly above $500.
cc last May the price has been
n close TO $3.50. England is try
TO use the better feeling growing
OF tho prospects of saving money
reducinG taxes through disarma-
It TO ntssbpize sterling.
Slowing Down of Buyinx.
mother interesting piece OF news
tho wcokly review OF the Iron
reporting that the main features
the trade have been a slowing
IN OF buying. some easing Of
ies and some reductions In mill
rations. 1t was predicted that the
n ~ ~ H..
lid make better showing In mill
put than In new orders booked.
ling from this source the prcdic-
Is very important az bearing on
outlook for the steel trade,
rom inside sources IL was learned
those who are expecting the
Corporation To keep w tho
i'hly gains In earnings recently
prtcd for the September quarter
likely to be disappointed In
connection II Was pointed out
for months and months past
iings from cement which have
p averaging $i,00o.V00 month.
recently been falling on: thai;
revenue from Lake traffic was
for the year: thut there also
Id be a shrinkage in other mls-
incouS revenue used In previous
rtcrs to pad out the net results
fas predicted. however. that there
Id be turn for the better in
CHI quarter, with u decided i'm
'ement for the second quarter Of
here was another advance in cop
today. this time Ia Is 3-S cents
pund for December delivery. All
8 points TO n turn for the better
he copper trade.
Car Loading. Decr-nss.
jaI rubber shares made a num-
OF quick turns today between
"a and II 5-S. IL II understood
tho company In planning tn Dor
some {2,000.O00 on lonS-tcrm
3 or bonds because bills receiv-
arc being collected slowly. II
said that the company had good
orders on It's books.
-eight car loudinss for the week.
reported today by the American
way Association. showed a fall
OF of l22.se7. compared with the
eding week to s2s.722. For the
today car loRdings have been
1881. against 3s.ssi.7l7, for the
80 period OF last year. and 35.S7T.-
for 1919.
ring the coming month rail-
3. industrial and public utility
paniea Will have notes and bonds
ny due TO the extent OF Slo!,-
boo. against 34o,2a6,0o0 for this
tn. and }24.62S.000 for December
1870. Public utility companies
Il provide 352,6ol.o 900. and the
.oads Sl2.000,000. Money Will he
d by refundihK now, that Is COM
d with this time lnts year when
cent or more was charged for
hest one year loans.