Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-19
PRICES CONTINUE HIGH IN
NEW YORK STOCK MARKET
Numerous trOsS-Currcnts Give I'M
preston Traders Arc Pounding
Certain Stocks.
OILS PARTICULARLY STRONG
Also Brisk Recovery in Atlantic
Gulf, Which, at One Time Sells
-Four Points Above Low OF
Morning.

ia u. u. ia kNtN
NEW YORK. March iS.--in general.
prices were again higher today, som.
,prcialiics being particularly strong
There were numerous cross currents.
however. giving the impression that
traders were pounding certain stocks
~ order 20 give the market an IN
settled APPEARANCE. and under this
cover ""r" buying in short contracts
rut out ~ higher prices. oiis w"r"
particularly strong again on reports
II increased demand. Ju" t. I'll" open
weather. irnm the motor trade.
St""ls rcrc also higher. as were the
equipments. Transn, Williams was
On" II the features when scored 1t
sharp gain. advancing four points.
lhor" WAS also - brist recovery in
NtIanti" Gulf, which at one time sold
four points abov. the low OF tn"
irelS 10 short covering /, liz Of
ncialiy stated that tn. company is
~ tanker feet. This might proven,
tho necessity OF new financing. bat
such n"gotia ti"ns ar" stiii being car
li"d uu.
IirnLcrs Advise Caution.
som. brokers ar" advising their
customers to act cautiously ia MAX
ius commitments in this stock. ON"
sent out :, message today that every
ON. - b"arish ON a. q. W. !. and
ar" predicting "a price Of "" Il shar.
FOR Il. when II was $3.50 no one would
10 short Now no one can be induced
To bMy. But BY this II does not mean
ono Should turn bullish 1t may b"
true that the stock has discounted ali
nat can nov b" seen on tn" surface,
but in ylcH Of TIA. fact that every
one was huilISh when IL was high.
aud ia. gtOck wcnt down. II would b.
Gpud {" b" careful no" th:tt every
one iS bcdrish about 100 points lover.
IN" broker In question advised his
customers nos to press tho short sid"
at 'hcs" prices
Tnc w"ukncFs ia tobacco products
iuriup Ia. last fsw days has been
due I" reports that the directors will
fa..rU con
dent Tor one month. and also 10 re-
ports that the stockholders VIII be
asked TO approve an Increase IN the
capital stock by 10000 shares OF pre-
f"rr"d and $1,000 shares OF common
stock. whether or not TINS stock -
." hc issued Mas not learned =" lar.
nor was information ob,ainah!. "a to
tn" purpose o: tn. Issue. ~ IN" pres
INT time tho company is paying its
common dividend III scrip.
IWo more dividend changes wcr"
announced today. Thc McAnir.ws d
Forbes Company has reduced it~ dtvl-
d"ud wnii" the Howe sound Com
IS traded IN an the outside market.
entirely passed the dividend.
Much interest ccntercd on ;hs ad-
vance "t - pei cent in local ,c!ephon"
ruics. Granted by tsc Public Service
Commission. This Mas taken 10 iur"-
cast "a NOR" I'u!cnt policy 10 regard
Ifiljlcs. and the passing OF tho trir-
ton hi.i at Albany. IL also expected
y" ncio the local traction lines. ihs
shares of wnicn hav. been firm
throughout tn" week.
Attract Murh Interest.
THO ,u,omohDo ard runh.r .ir.
s,r,,l;. ~nn,in,,c IN attrar, ,ru,h IN
,,.s, l., .,rti. -,nrkr, rirrl.. .rd
,hr nuinto, nrry.5Is mn, ur.s,s Two
irdUsi,i.. nav. ,i,rncd mo corner for
III, h.,,,r ~ ,ii-rarf r-i,.r. IN.
automobile stock, are up from ; to
- uuints rr0ru IN. lo,y levels or
I,,fi;,ry inc rNfr.,u, gains b,ifr II,
stud. and rhaudicr IN SOM.
commission houses iI.c statements
w.r. made maj m. remarks made by
president T.rsEiuc ar ,h.. S,ud,h,k,r
In MS annual rcDnrt read ius. TX. a
MARKER letter Sine. m. rcpor, was
t.s,,.d INC SICK mas advanced ahnIr
10 points REPORTS from tn. Me-;
Indicate Increased activity il. The in
dustry