Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-01
TRADERS BID STOCKS
UP EARLY IN SESSION
's"iiroad Shares Are Heavy In Late
Dealings and Show Some
Losses.
GOOD INQUIRY Eon MOTORS
Studcbakcr at One Time Shows
Gain OF Nearly Three Points.
strength OF Coppers Attributed
to Agreement Among Producers.
~, nItoAnAx MALL

new YORK. Jan. 3I.-Opcrations
u 'hc stock market continued today
- represent professional dealings
racers bid stocks up In the carly
rhding. and then sold them at the
.rHHpchsc OF price in the afternoon.
ne professional character OF the scs-
ZION business may he CLEANED from
ne tact that more than 10 per cent
-. me day'a business took place In
General Asphalt.
I'ailroad shares were heaSy I'm the
,ht. dealings and showed losses OF
rom fraction TO a full poiri II.
~, .! nc wage conference this
M".k AT Chicago. the financial dis
Ii'cl 10 pr,bared TO receive unusual
r"sSinistic utteranccs from rail-
.','E executives who are cndcavorin.,
~, wages OF railway employees
stn,",na,, WIN such pcsstniistic
80. ,a""c today IT is difficult to
no" any enthusiasm can be-
n,,,,,np Per the shares OF trans
"'' ZION Companies at this time
''oodi Inquiry Develops.
~ good i(ruiry developed for mo-
H,u.hS IN IN" early trading due
.', ",spa,cheS announcing the re-
iNn!hE OF plants in the Detroit dis
srlSt early advances, however. were
-, IN the reaction which occurred
anr m. n ~, Chandler, was adj
No 1910 ,Wo poimts by purchases for
IN" company. who up to recently.
az pc"h substantial buyers OF the
.h,s h" ~ siopned making pur-
'XS"i OF some OF their shares picked
TO lower figures and for this rca-
II handler Is not expected TO work
ny h,Rm"r, on the other hand.
i"'to "a number OF orders have been
.t"''u Tor the stock slightly under
current marke, quotation that
iens orders might proven, any SUB
90! reaction General Motors
lu,lc Thts stock, however. IL
W owned by i9.033 persons. which
W" largest number Of Stockholders
.on,,'a , his'ofy OF the company. The
ds.hoIh"fs than IL did at the end
" 'hr hrSi quarter OF las, year.
bah"r az ono time showed Il
I 'i..lnI n' nearly three points owing to
dividend at the rate OF 7 nor sr.,
on 'HH common stock. Tho gain. how
XXI 'nd one noin, additional was
ne afternoon. following the
,1h|ist!on OF buying FOR those who
~. Son" short In expectation or n
Griion in IN" rate.
strength OF III" Coppers the laS. few
HsNA - attributed TO the expectation
"l an announcement; relative 10 an
"TTecfncnt among producers which. I'm
y'na,ion !" providing for selling ar
'Hcr curtaiincni OF operation
Contraction Expected.
y: nnni!,d ionnaEe statement %
he ANNOUNCED on the 10Th DAY on this
month. Il expected TO show n con-
iTacii3n during December In the un-
niled bu'!n"'> on hand OF more than
'p2Eoop IONS. THIS would brlnR the
Nnhiicd busi1ess on hand down 20
#bout ',hVc.ouo tons, which IL the
owes; since N""cmUcr. 1879 The fall
hS on IN steel business Is nnding
reflection in the smaller amount, Of
rpal being purchased by tho steel
'ompa mics
cali money rose 10 per cent ""s-
l"rhay because al an increase II. the
nrinand, due 10 the unusual mont iy
- elements. Shortly after o'clock
there was demand ON tho floor OF
iHc exchange FOR about $4,000. 600
l'rhctscnily all OF Tie money was
loaned 81 per cent, although some
,cmrryirS had 20 b" don" shortly after
o'clock to M demand for about
'?.oOo n"0. TINS Is the nrst time call
money had advanced to s per cen: Ia
quite a few weeks The Federal Re
crvc hank III chicago announced q.
raise In It's rcdlscount rate on paper
-ccuritics ~ United States certificates
81 Indebtedness. borrowers IN tho
south and West are paying on their
BACKS. which. in turn. are borrow
ing from \cw York.