Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-04-29
GOTHAM !! ]! D STOCK MARKET
|, is IRREGULAR AND SLOW
SS1 Nc Leads World in Industry,
says Schwab, Recently Re-
s S turned From Abroad.
RAILROADS RISE SHARPLY
1 as Long as Allies Continue to Write
~ Notes to Huns on Preparations
She Will Excel, Declares the
Speaker.
RAILROADS RISE sHARpLY
NV Il. J.. llnrnur,

by II. l.. Nnrnurp.
s. NEW YORK. April 9SICharlcs NJ.
from abroad, was given n luncheon
today here by tho Chamber of Com
inerce. Schwab said he just couldn't
Heip pelnE an opt!mist; that he was
tnat by nature. Eut. nevertheless
tho thing that struck him most on
ms trip abroad was the way the Ger
man people had gone back to work
throwing themselves into turning out
) maximum production: that Gcfmauy
kooay was leading Europe in this
I. respect: that she was laying n ton
OF steel down in ENGLAND 500 4 ton
cheaper than 1t could hc made in
england: that she was selling pncu-
matte tools in Detroit. Mich. the city
mat formerly made such tools and
\ shipped them TO Germany: that the
& lead Germany was now getting on the
i rest of us was all matter OF lower
i labor costs rejecting efficiency.
This raises the question as to how
Wong this country and England ana
SH'rance are going to keep on writing
rcparatiou notes. AS long
s2s We keep II mn. Germany will GER
iainly continue to get the jump on
the rest OF us. Unless Germany with
draws the conditions in her indem-
nifty offer which place her in the po-
sition of an ahScondinG debtor. and
thus keeps the general international
< situation upset, the allies. backed M
by the United states. should proceed
on snort notice 10 carr out the plans
appears that nothing else will make
Germany live M to the terms She
agreed TO when she signed the peace
treaty. And until she does live up
70 those terms fho is going ahead, ana
inc rest oil US are Standing sun
Stakeholder HAS Shnrp Advance.
Today's sharp advance in S,udc-
baker TO new high record for tho
year, representing recovery of over
the year. was brought about when
professional traders who have recent
IL been ehort OF that stock, to their
great loss. turned completely around
covorin,- tbai- short sales and coin,-
low !, US buvinr- Ivy " 1, purau,
and charles NJ. Schwnb that mt IN.
nrice IN las, week N us thrn new
p.lIe ~ 60 - ~ 10 '"1'' ''
h'Em %! us ~,
-. .,aIa 49,. go. ,rr,,,,In =
ma 10 ,c,iyn THO oSynnco IN Tho
r'I ' vas 5ue to the faVorabic STATE.
80, ~ ,-ni,,rs CO. N,rch "ov.
lhcn,s "t I ipr No :" NV
CoitlinE m .,"E tS 49,! :
onion fIIN!e r'p"rtra h's on no x[,"I"'-
Wv LOT '""Tth, "Ea.!'s' S'''Iuv ~.
fonruh'E, ieStcToa!. s"C o ISL It ;
statement shoWcu SI,nI''""u net lot
March. against S32l 600 for inc month
bctore I.day' ia! lni"re repoTlS ..n
Crose for March OF SIG .o"o, Il loss
OF S5ii.oOn compared with the same
period last year. with net at S@'3l ~
GOO, an increase OF S2,lI5.ooo. For
a the three ~'nntlLS VI this year, gross
= announcing TO $aS23S.oo0 shows loss
of si73,o00 whereas net Income
amounting 10 S3,@S5 600 shows a gain
OF s393i000. For the first three
months OF last year there was de-
felt
y. md w. Declares Dividend.
Norfolk and Western which is own
cd largely by PENNSYLVANIA and alb
solutelv controlled by the rcnnsyl-
wanna management declared its rcgu-
lar ! 81 per cent quarterly dividend
today.
managers Of the country wide synGi-
cate underwriting the $3.50. O00. O00
Great Northern and Northern Pacific
bond offcr!nr. would announce as
soon as the subscription books were
opened at ~ o'clock this morning
that all bonds had been sold. The
new bonds are much better than tho
outstanding As to he retired. and tho
holders OF the is by aNchanctrC for
their income returned increased to
a fraction over i; per cent How
ever Wall street id not get the
announcement that tn. subscription
books had been closed. The general
feeling was the cut in the PcnnSyl-
vania dividend ,si.d thrown a gas
bomb into the in.cStrilcut market
for railway securities
Pennsylvania Reduces Dividend.
BY reducing its dividend. Pennsyl-
vsnia VIII undoubtedly HELM in get
ting railway wages down But there
IS ~ question as 70 whether such
politics In the long run Will not
prove expensive in more ways Shan
\ has Just been experienced by the syn