Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-09-02
PROFESSIONAL TRADERS
PUSH RAILROAD SHARES
Sell on Threats of Strike by
Labor Leaders, Which Cause
Induslrials to Decline.
SESSION IS UNINTEnEsTING on:
American Steel Foundrics Directors
Dcclnrc Regular Quarterly Di,i-
drnd Of 80 Cents on Common and
xi..5 on Preferred stacks.
Iiy 10. L.. iinrn,Iin.

ana tHat ScliiiS brought about som"
declines in the industrials. However.
the stock market was narrow and
embarrassing compared with the cot
ton market. Todnys government re.
port on cotton shows the prospects
are for Il much smaller crop than
even the worst OF the private osii-
mates. on this nowr The cotton mar
kct fairly boiled October Within Z.
very short time, showing an advance
Of zoo points. or $40 a bale. compared
with yesterdays low price and an
itdNanc" OF 5ji points. or over 81 "a
pale. against the low recently touch
cd Wall street places tn. gr.ntcst
Importance to toda!'s government,
cotton report, believing tina, - crop
OF only '.037.o0O bales. a. Indicated
by the figures as oil August -. means
liquidation OF southern bank
frozen" loans and increased activity
OF the cotton goods trade
No Action ON dividend.
Officials OF the Southern Railway
stated today that the next meeting
oi directors VIII he held In S"pt.ru-
Der. As yet no action has been
taken on the s"mianiuhl dividend Oh
the preferred shares
American steel Foundrics directors
met today and declared tho regular
quartrly divid.n,!s 90 - c,uis on the
common "inCk and Si7i on IN. pro
fcrrcd Tho earnings statement FOR
tho first six months Of 1871 given
out showed not OF s77I.ooo arnIns,
Ei."o@,VPo Tor u" sam" period 90 1920.
There Was a decrease OF 1880 har-
relS In tho Production Of crud" oil
during the week ending Angus, ..
according 10 official figures pi,hli.hoJ
today ,;ross ,roI,,r,inr nan
ara h,,r.l.
y" ''' $500 80 S'''''
!" '"e PC" "' taSH'hE'' cars are
announced by the jackson MOTOR Cor
poration.
H. N Jcwctt head % tn" Brother
hood Of HALLWAY Irainmcn. ls again
talking strikc. This time h.. suy.
mo ,y.cL,,, ~ a.. s,,d. go,
WV '"' ,pI '"I'P', W.
"'Nc' NC "'''p''"' """'hE' 'h'l
VIII be strike u TINS ~ tn. "niF
way To settle IL. w" are done with
the Labor Board ON This proposltlou,'
Jewell viii ind that calling strike
today with 575O.0Oo mon throughout
III. coun,ry on, of work ANA 75o. 600
49,
''"''N' va '''''' -
f"S'"t"' 81 ""'S - ""> q" easy ~ II
wac IN AprN. 1877" when there w"r"
stiIl more jobs than men.
VIII shnrc Net Income.
The estimate tina, all OF tn. 2o3
railroads In class !. viii show net
operating income for July az $1,000
600 or the full per cen; earned ON
property account for the month is
based on tn. returns At hand FOR l;9
roads showing adccr"ase OF l3.j per
cent in gross. but u decrease Of 2ci In
operating expenses and net operating
income of sj0.I2i,000 against de-
hcit last July OF s5,leG.o0o. For the
first six months OF TINS year IN"
railroads as a whole earned only Is
percent on property account.
Corporate financing Tor august
footed up only sl3s.eo"-opH IN"
smallest month since last March
For last august me "e ureS
sl7n,cO0.ooo. For the eight months
OF the year the figures are s1,13l.on'.
600. a decrease OF S"el,"oo,O"" com
pared with the same months OF ls2V'
These figures reflect trade depreS-
sion.
UrsuIt~l In I.iauidnti"n.
In its monthly bulletin IN" req
cral Reserve bouru says '""' Wv
heavy movement of crops I" mark.
has been the outstanding economic
activity OF the country during An-
gust """ihs' '"'H
Of crops has resulted IN Liquidation
of some outstanding indsotedheSS
even in districts where the carr
over from last years crop was inc
greatest AS a result II mas ieSseh
ed intensity 81 credit de''ahu' ""''"
might otherwise ~ eNpcct'" |" &c
cur during the marketing season
nut 't.'' p'' - ,,
most attracted wan street a',tn-
ton. dealt WIN me .u'".e az
lows: HIisht .'''p' Nv e'.',", :" 80.
branches oil i"rtish 'r'"'' 'i'''
good aericu''"t"i !iel"S 'nu -,
meht OF man ."t' NV
t" point 10 more i"loi 49, ..,,','
se"son' nut Tue S't""'I"h - '''
as 10 iorccaS' any I,
ncuia'c rtNaN'' WI
large sense, ,.,
sears. itocouem '' "nn
were Si-'''''Vo "s"'"a, ~,
for me same n'"n" 49, ,,or'