Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-16
GOTHAM STOCK MARKET
IS QUIET; PRICES STEADY
Atlantic Gulf ard West intiics
Touches New Low Record
for the Year.
UNITED FRUIT ALSO WEAK
Tobacco Stocks Are Irregular.
Rails Show Tendency to Rally
Slightly and Many Close Frac-
tionnlly Higher.
HY 10. L.. BARNuM.

Ne" YORK. March ..l5.-Tradine
IN the stock market T~ucsday was
again on Il very quiet scale. and
prices in general were steady. The
professional element continued to at
tack the weak spCts. such as the
chipping. oils and miscellaneous is
Ing Atlantic Gulf and West Indies
down TO a new low record for the
noon wan The Pr'ss Il mi s en'ly sf; alc
Ing and 100 points below the high
price for 1920. United Fruit also
Was weak oil shares in general
We're weak. with new low records
for The. year established by many OF
then. the Mexican issues leading the
decline. General Asphalt broke
sharply In the early afternoon.
steel STOCKS were slightly lower
ana he tobacco stocks were irregu-
lar Th. rails were Inclined 10 rally
slightly AID IN many cases ended the
Gay itmciionally higher
Money on call continued u b..
quoted at : per ccnt. with only .
In%ferat" demand There VAS very
exchange markets
No Effect ON Market.
Little attention wag paid To tho
statements that labor has refused 10
agree 10 "a cut In wagcs announced
by the Sew York Central. IL some
quarters that this was TO be cx-
pectcH, In the hope that The matter
would receive more pronD attention
On INC part OF the Railway Labor
In some s,ockmark.t circles. where
the belief prevails that the market,
should do better. tho opinion is ok.
pressed that tho weakness in Ger
thiii stocks. such as Atlantic. Gulf
II a tcw like spccialtics outwciehs
as "a speculative factor everything OF
q constructive character that is dc
NciopinE IN tile money situation here.
II nH1 ~ t. H
,hc herman n"EotiatiOus abroad aud
"a The plans Tor effective railroad re-
llei. one stock market trader point
Gnsch o! hitting a fellow when Il. ,s
Gown, one may fairly claim iu,, INC
nt'hhti" Guif stockholders have q iny;
.'smi 10 cHll on the management; for
d in!i statement Of the case,
Tile enlargement" no noiu..d an,
VII '"tp VA" OIL game with. We MAY
hhhuht. completely 20 commit the
tphIphhE 70 the oil enterprise: bur I
. PROPOSES TO nbaJidon the oil Held
would seem, at least. b, owes To
IN h~lpckho!ders an explanation OF
= 'a.tSt np!lay IL is as difficult 10
f.t any information frCal any Of the
o,'lcit!a or the bankers connected win
~. 'ttI"Hiic Gulf. az IL is to break
sn,o the vaults OF thu large Wall
''.re, banking institutions.
lam, other corporations hay.
.dopted this close attitude. hu, hav.
WiSHa. ma they did no, get vcry far.
PN''''NlAs !H'sG.S 10 4 gnTDnru-
s.VH can readily he seen Ia the num-
her OF friends the United States Si.nI
,-"rporaiton has won for itself, nv
,.'n, 9i,tii and above board with
=, itaiIr"ni Earnings.
d. January railroad earnings OF
no., nrnt-e.ass roads representing Is
i'r cent or the cVcrtry's mileage ~
nor chccriGl. The roads rcDnrt a do.
hrli o! F%.i2O.45i after r.n,a!s and
SS99S9 q, ii5EHinst net income OF s42,75I.-
period dropped 81 i-Iv per cen, de-
sp,tc IN: large increase in frcigh,
'S,o"' februhry Is also expected 10
u February figures COVERING cot.
."h tohsnfnpton in the United states
,hS ~ inc previous reports
ihcnt In the Industry. Tn. raonr,
.no"s that during the month there
VIII ss%nsgined Ss5,56S as compared
compared with February iast year
however. the consumption SHOWS "a
ncciied reduction The total for 1920
HhNinE been 5lJ,sJ3 halcs. Tntni
consumption since August was o.
.L'''II bales against 3.655.OS bales in
ne correspondent period las; year.
-! - cIls IA February amounted 10
tS",'2" bales gains soc. 90 a wear
80. rejecting the reduced demand
IIonl othrr countries. Stocks In ware
hn,Tnses on March J. were 49, i9
~ ''''N''bf IASt year. Not
a nn!!ish outlook for cotton.
! ne annual cpo OF the GuIr
mIaits Steel Company for 1920 shows
htl fronts after charges and Federal
ldN"s OF S1Ii.22o, which. after nav
n2ehi OF the FIRST and second preferred
Hlv!dends, was equal to S5.4i "A share
on t!he $ll.l3S,l5b OF common capjial
Siock issued. his compares with
s2's,i2l earned in 1919 which was
lhs cluivaicnt of sI.20 a share. The
report of the United States Cast Irnn
r.pe and Foundry Company for las,
- makes a very much more ia
N"rhh!e showing than in 1919. T'hc
surplus after all expenses charges
IHHu tcieral taxes for last year was
sa'i'3'", which w1a equal TO I per
cent on the s~l2.Oo0.O0O OF prefcrrci |
1900 and +" cents a share on the SIP
ooo'oao OF common Stock. In 1913 tho
SS@@,,hpnny reported a deficit Of s5O3.-
~ AFTER charges and expenses.
the report OF the American Smeit-
,hs ana Refining Company. which will |
~ Issued tomorrow viii show the
DIVIDEND earned by about $1,000 mar
I'm FOR l92o. In 1919 there was a
dividends. "''e'