Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-24
MISSOURI PACIFIC STRONGl
IN TALK OF A DIVIDEND
'avison Chemical Jumps Over
Three Points, Touch
" ing SO.
NcnANGE SEAT NETS $4,000
"ui II. Warburg, Back from Europe,
'eporis No Improvement In Sight
Tor Germany Until itcpnrntion Pay
ments Arc Rendjusted.
Uy II. L.. fSnrnum,


Ne" YORK. Nov. 23.-Missouri Pa
hc preferred was strong again to-
ay on dividend talk. DAWSON
chemical. which started to advance
rom around IS, had a Jump OF over
|nree points. touching Sc, Some other
ans were reported. but duliness was
gain the feature Of the stock mar
81 as u whole. Railroad and gov
fhhent bonds were strong. the Vie
|'iH 3-i touching par around l
('clDck.
lawson chepical Is supposed to
! eve discovered process for get
hs moro gasoline out OF petroleum.
mother story Is that some OF tn.
's.ncrs havin. sold their stock dur
IfH tho early rise are now trying to
Le' /; back.
Seat Sells FOR ss3,OOO.
There were number of cash trans
(cnons appearing on the tape today.
hese represented belated ceiling 10
leone tax. Today's is the last day
|'s such sales.
stock exchange seat sold today
Dr $4,000. up $4,000 from the last
Ale Wall Street likes TO see these
eats sch high. It means confidence
| the outlook.
Two railroad earnings statements
|2r Oc,otcr were published today. the
(rst returns OF large systctns FOR the
lonth. Union Pacic shows gross or
Il,Gl7.00e, decrease OF Sii0.00U
impaired with last year, and net
1peratlng income OF sG.l57.000. "a loss
| S6Iig0G For the ten months gross
as 5a.C5i 900. down S2l.05j. 900, ana
II operating income Was SIS. 900,
own S5.3lS,OO0. Net FOR last year
| .cluicd I2.O59.V)o back mall pay.
iouthtrA Pacific shows $26.532. 900
ross FOR October. a loss OF $3.ns5.ocu.
d ith net operating income %! t7,ai1.-
IN. an Increase OF Sl.559,000 For
ie ten months gross OF 27.333,o0o ID
own t3,21o.oOc. with net operating
como q, ,3i.T7s coo. up ti3.7s7.OOo.
or the ten months of last year net
pcrating income included {2235. OVp
lex mail pay.
Sees NJ tcrmnn improvements.
! Today's IRON Age reports that
,.-rat.ons IN the iron and stec!
AIDE the past week were little
banged. the steel CORPORATION run
Ing at 81 per cent OF capacity down
little with the independents opc-
ltlIg rom ~ W oV iva S'HN' "S
Ir!ce >. { iion is reported as con-
listing. attempts TO stiHen weak spots
|h.et!ng with little success. Manu-
lecturers are reducing inventory
limits, but the railroads are making
cayicr Purchases OF equipment and
Ens for next year delivery.
] paul II. WarburS. Just from Ger
Lany. told Secretary Hoover IN
today that there would
H. no Improvement in Germany 5
Economic position until there had
,een n rcadiue tinent OF the rcpaGn'
ion payments.
wall Street is very much in
crested In the request just made by
he Federal Reserve Bank %. New
FORK for reports from the banks OF
Lnis district showing the inteTs"
3atcs charged customers for paper
|edisccun;ed IL is plain enough thar
. he Federal reserve bank thinks
mere IS too much OF spread be-
ween the rate IL charges and the
a,es charged by tho member banks
eriainiy the member banks have
n, fallen over thcms elves in keep
~ step with the movement OF the
'.d.rai reserve bank To get interest
y,t,s down. The las, charges made
y John shelton Williams seem 10
ave gotten under somebody's skin
burlington to Meet.
darlington directors are scheduled
|, meet in Chicago next week, prob
3bly Thursday, TO act on dividends.
[valI street believes that an extra
IIvIdcnd is going TO be declared 10
oil, ont great vnrthern and North
rn Pacific. V,ce-President Burn :
- am. OF the Burlington. In discuss Ing
1ondi,ions in the West today. says:
BUSINESS continues quiet. but shows
|one expansion everywhere. There
noticeably better feeling even
mong the farmers
New York telephones plans TO
mend 100000 during the next two
ears for additions and Improve
Icrts is expected by the financial
district to help the copper industry
! Guaranty trust, which WAS ono OF
lac largest borrowers from the Fed
|ral reserve bank, shows that since
Icn,ember rcdiscounts have been
e,luced S39.l33,o00 TO sl7,925,000.