Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-09
MARKET REMAINS QUIET
AND CHANGES ARE TRIVIAL
after an Early Rally, the Few
Speculative Issues
Declined.
PRICES ARE UNIsn'poRTANT
iFceling In Street Regarding the De-
vclopmcnt Abrond Docs Not In
dictate Tint the Situation Is Very
4 Serious.
PRICES ARE uNI,npoRrA N1
ny Il. L.. BAaNuM.


q NEW YORK. March s.--The mar
Vet today w2s ugainIvery quiet. and
4)rice changes in most instances were
Einimportant. y few Of the gpecu-
3ltWe issues declined after an early
d ally. including such stocks as Mexi-
All Petroleum. General Asphalt and
q, iew others. but In general. price
nahses we're unimportant. The feel
&"iopment abroad does not Indicate
81 nat the situation is very serious
~ is granted. however. that the situ-
,nil ADDS 10 the uncertainty OF the
81 iHeS' ana That this VIII further de-
Ehy any speculative movement In the
Etock market Tor rise. but on Tho
Evn1iei II IL argued that the move il
probably only ii political one, and
hat the Germans viii soon be- mad.
70 realize that the allies are i'm -.
,os,tioh to force their terms. If the
rs hxed by the allies.
'ohseauentiy. speculative opinion
inc street II that there Wal be
waiting market for, the mex, few
+ inited action on the part NJ the al
les VIII AFFECT German public senti-
nemI WIN regard TO enabling the
"r."an government to formulate
IN. equivalent to meeting the al
res tenants This Is expected to
DC especially swift when the Ger
mans learn that neither the people
~ the new government OF the United
Bsthtch are In airy way supporting
~ present Gcrraan policy. /, a.
EioDcu 'hat the present deadlock VIII
Eo3n be broken, aud this. no doubt,
ETill have a fncorabie eject OF world :
ENidc conditions.
II The affairs Of tho Atlantic. Gulf
Eihd West Indies Steamship Lines.
Eyhich nave been a topic o. discus
n ion In Wall Street for some t!uie
bhhst, IN conjunction with the de-
a line In both the common and pre-
n erred stocks. have reached the
n curtis, b. the filing Of Il suit agaIns,
3 he Atlautic Gun OIL Corporation. a
@,HPsidiary OF the parent company.
@Ihis suit tx filed 10 claim ss2.06o.
81 Nhich rtprosents a oHe-scv"nrh ella IN
IN the profits OF the compauy's oil
II 'reT"tons Ia Mexico.
III ~. common stock OF the Allies
a identical dcci med to IL new low rec
N'rd for the year this morning This
H'tbch started To break sharply yer
81 rfh"y on statements made al tho
bcCldI meeting OF stockholders yes
erdny. which ia the speculative Gle
ncut IN the Street to believe mat
& i!Nihenhs Oh the common stock We're
'"nlote. Al the meeting II Was stated
b hat while the cNccuiiv. committee
b az, autumn recommended the plac-
ng OF the stock on u s per cent basis
Hir action wouid Toe taken. and that
hi NhntcNcr action would he taken at
n he directors meeting later In the
Il nonth would depend uDon the show
Ens made by IN" Subsidiary com
III :.
4 course. Was food FOR the bears and
hey attacked the stock. There was
io'nc recovery late today, however.
jh The announcement that the com =
mite: has recommended a quarterly
dividend OF per cent TO be declared
l. IN the stock.
d sales OF the Sears. Roebuck Co..
EWhich during February and January
i4wcro running 90 per cent below the
4 previous year. show some improve
,rent N the FIRST week OF March. ac-
;ordsns TO statements coming from
:hicgao sales from the arpt week
we're equal 10 those OF a year ago.
III Is admitted. however. tuat this
Ices NOT Indicate that the total for
thc month VIII equal that OF last
yMnrch
a BROKERAGE houses with good Wash
InSton connections are in receipt OF
Itvico5 from the capital to the cf-
paTatyely near future those VINO are
HrecoG ni2ed as responsible for railroad
sltcislation VIII make an attempt Ia
rewriie the present railroad law with
6thc Inclusion OF features that may
@girc relief 10 the roads In some OF
M ne matters ar Ia which they :trc now
Enost stressed, This idea. accord mi
NO Wall street opinion. seems TO be
utu avert any situation which may re-
n 'assitat. condition OF public policy
Hto require a return of the roads 10
Bfcdcral control az this has been
8proyed Ineffective. the past.
yinlicatlnG hat AN anti Bolshcvist
Nrcvoiuti % IL In progress, WAS look cd
Eupon H. thc Street as possibly the
fnain development which viii bring
ibout an end To the reg imc of terror
md desperation and economic chaos
(Which has existed in that country
for the past few years. Should this
9he cleared. IL Will do much TO help
1.-THE general situation. II viii ,spc-
tciaily help some OF the America n
companies which have large invest
fncnts in Russia. Phcsc include the
intcrnational Harvester Company,
american international and CASTOR
lWiliiams and Wigmorc. the last
namcd company being In not any too
Hsood shape az result of its invest
Bmen;s in that country.
4 Cold continues To flow into this
country from abroad. each week see
ling new arrival. Today the I'm
pcrator reached port from England
with 1000. 000 OF tn. precious metal
n board consigned TO local bankers.
kwhilc another sl.l00,0o0 is expected
Htrofn France.
Z 1t has been officially announced
that the United Retail stores Com
aDny has acquired large block OF
GCDc stock of the II. j. Reynolds To-
Uuacco Company.