Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-10-06
,POTTER NAMED HEAD
OF GUARANTY TRUST
Sugar and Automobile Shares
Weak in Early Par,
of Trading.
SEE no SHARP FALL. IN PRICES
'hcrrnsc of l0,5E3 Is shown in the
hrport OF Freight Car I.ondinr.
Tor the Week Ending Scptcur-
Der ~.
SEE no SHARP FALL IN PRICES

NEW YORK. Oct 5.--Tuday's cleo
ton OF w. q. Potter. prcsidcn, of tho
Guaranty Trust Company, to succeed
Charles w. Sabin, who was made
chairman of the board liz Il piece o..
news which wall street has been cx-
pcctinE ever since Potter went back
To the Guaranty on January last
potter educated az a mining engineer
~hs originally vice president Of the
Guaranty. but resigned 10 20 with
The GuBEcnhciins. lie %cnt hack
early this year shortly after 4. J.
Hemph!li. chairman OF the board died
IN recent months ThO,nas " Lamont,
of the. Morgan firm. which has been
clos" 10 the Guaranty during All Of
Sabin's term as prcsldcu, has acted
as cha i!'nan Of the executive commit
ice. II T.. Dawson, of tho Morrun
hrin. held that position before La
mont Two Morgan partners Stc,-
tinius and Whitney wcrc elected d.
rcctors OF the Guaranty today.
Sdbin, "ho Las many warm friends
In Wall street. did wonders in build
ing up tho Guarau,v :. ~" %
iarges, financial institution in tho
coutry But durlg the war. promotion
period. he ovcrfhoi his mark.
sugar and automobile shares were
weak during the early part Of the
DAY and traders. many of whom are
hcarish, began TO pound Baldwin,
Asphalt. Studcbnkcr. Curciblc. Mcr-
camille Marine, tho tobacco shares and
other stocks that were most pro'ni-
nert H. the sharp aGvnnc" engineered
by Llvorw0rc ana his bnckcra be-
ginning late in August Lover prices
ar" being predicted because no pub
lie following waH attracted In the re-
cent upward price movement.
10 those able 10 iaol; at tho stock
rn1rkot from g dIriutor,st.d y!ew :
point ii does not appear thIt prices
arc headed FOR any sharp setback.
since tho August low We're uadc in
OIL, rubber steel NIX ron. Today
The stock market advances have hccu
established In cotton. copper, lrla,
oil, rubber. steel. pig iron Today
there vas another advance IN copper
TO - 80 per cent, with one SINAI! lot
for immediate dr!iycry taken at
Il is. There was also another ud-
vance In rubber. Aud lhe Iron Ag-
IN It's weekly review reports that for
the second time since the low level
Of pig iron production WAS made ia
July second Ea.n In monthly Out
put has been established the sept M
her figures reaching 1850 tons "a
day. against only at.7SO FOR August
which showed "A gain over july. The
imprOvcfu. mt which occurred in the
stock market from late August 70 late
IN ScuteiuUcr reflected the Improve
mcnt which had taken place IN cot
ton. copper. lead, oil. rubber, steel,
iron End other commodity markets..
II Is possible that there wil! b. set
back In the stock market but Il is
diiitcuit to see how Ia the face OF the
real Improvement that has taken
place in the general trade situation
there viii be any renewal IN the near
future Of forced liquidation.
An increase Of 1888 is shown In
toGny'a report OF freight car iohdinrF
for n. week ending september -.
compared with tho prcv.Ou. week.
The total was S73,3d6 cars. the larg-
cst nInbcr since November 20 Of lat
Scar There has been a steady %
crease this year since odS,0i2, tho !ow
MAR. reported Tor April :.