Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-08-06
Professional TRADERS
ARE CAUGHT UNAWARES
Howl Calamity When Renewal
Kate OF Per Cent Is Announced
ON Call Money.
SEVERAL SHARES TAKE DRoI
Copper Stocks Sell or One Point
Upon News That Price of the
Metal Had Dropped Below IL
Cents,
by IL. l.. Itnrnun,.

NEW YORK, Aug. J.--Iate yeHtcr-
nay rumors were heard throughout
wall Street that "a Boston Stock Fix
Chahgc frn. which was also "A mem
nor "f the New York Stock Exchange.
would announce it's failure today
- ne announcement of the suspension
"i hugh j. Diamond ana Company
was made early today. That with "A
renewal rate III per cent on cali
money started professional traders
Nhp have not covered ih"Ir shur,
commitments TO bowling calamity
rms bowling, accompanied by re
h""ed short selling, brought about
lower prices Copper ah;Tcs gold off
q pont ON yesterdays news that the
,fice OF the metal had dropped below
- cents Great Northern declined
Two points ana the rest ot the rails
point General Electric was of two
points on the news that more mon
had been laid OFF
Hear Disturbing Rumors.
lot OF disti~Oing -rumors were
heard In Wall Street today r.>a.ding
the standing of this ana that indivId-
ndi connected with independent oil
companies These rumoIs probably
w'r. started by professional traders
IN the stock market. who LEARNED ia
one Nay or another that tho hig in
forests at - Broadway are bcarlsh
On the oil sieuutipu
On" OF tic Reports heard today I'm
gUHrtera predicting that the stock
market Was again headed downward
way that The American sugar dir"c-
tors at the quarterly dividend meet
ns 10 hc held next Thursday. would
pass the dividend on the common
shares The best information now
oliHinahlc is that the sugar dividend
may be reduced.
Next Thursday the Senate Commit
10" nh Interstate Commerce viii be-
KIN meetings |" knock into shape leg
lSIhtlDn recommended 10y the #dminis-
tfauon for cnecting AN early settle
W"ut between tn. government and
the railroads This legislation will
eniar.a the powers OF the War III
nance Corporation.
Colt Shipment Arrives.
- On" shipment OF sG5t,cOG gold from
Enciand and on" of S25O.oUG from
Australia is on the way 10 the Ma
tpnui city Bank. Kuhn, Loeb and
Company learned today that a ship
men; OF $4,000 gold Was coming TO
tncm ON Tho Olympic aud another Of
SlsGO,0U0 on the Lnpland. TAis
makes $"i,ol5,o0o Eu!d thaL Kuhn.
Loeb ana Company have Imported
since the hrst of the year.
Fcderai Sugar announced toduy that
IL lad raised the price ON rranuIatcd
90 cents THIS company came back
into the mtrHct yesterday, quoting
prices at 1.S3. Amcit can sugar is
quoting anh Warner G.l5. The mar
rot Ia sugar seems to be the same
- in steel. that is Individual sellers
arc ramin.; prices that vii! get bust
ness
International Nickel published it's
earnings today for the June quarter.
Tile surplus tor dividends on the SiI,-
sas,VOO common stock, after payment
OF preferred dividcnds, was eGua! to
cents Il share. Last year - cents
Il share WAS earned FOR the common
stock For this June qu,tter the
unal surplus Tor the common stock
amounted 10 $4,000 against $l.402.-
600 for the same quarter Of last year.
Sl7i,O0O for 1919, and $l.Sid.O0O Tor
1918
Dun's index number covering
wholesale prices for the month Of
July, published yesterday. showed an
increase OF - per cent over June.
BradStrect's shows gain OF 3 per
cent.