Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-05
TRADE ON MARKET SLIM,
BUT PRICES REMAIN FIRM
Indications Point To Belief That
Conditions Will Soon &c
on Mend.
HAKDlNG's TALK FAVORABLE:
street Not Much Concerned Over
the Outcome OF Preparations Con-
ference - Expect Matter To Hc
Strengthened Out to Suit Allies.
ny Il. l.. BtI,>uM.


NEW YORK. March i-Tradinl: in
the stock market today was again on
emali scale. but prices held firm.
AND this. according TO the opinion OF
/ som" traders. Indicates that the mar
~ h. Of tho impression that things
VIII soon be on the mend. In vi"w o.
/. tnc TACT that "a. unfavprabic news
~ almost entirely ignored President
Iiard!nS's Inaugural speech IL very
lnuch 10 The HIKING Ot tho street. aud
|. pl"r" favorabi" news IL expected from
IA" capital as ia" NJ" administers
ton takes hold.
Directors OF tic Stromborg CarbG-
rotor Company passed the quarter
~ dividend at thci, meeting held to
day.
si.ackawanna steel Company has win
rdrawn all az the los prices recently
quoted on it's products. ana has raised
Its prices 70 the level nxcd by tn"
Industrial Board in 1919. which prices
arc tho ones adhered 20 by tho steel
corporation for the past twenty-five
months. This action was taken TO
mean that Al least some of the stoci
companies ar" OF tho opinion that
prices OF steel products Will not go
"cry much over. Of that the trend
i has turned FOR tho better.
: per cent on the big exchange, but
funds arc obtainabic AZ 6 per cent
in tho outside" market.
WAL street is not very much CON
ccrncd over the outcome OF tho rep
arationn conference. Trader. argue
that the entire matter VIII b."
Strengthened ont ana "a tho liking OF
,he alice. The recovery In m" cx
changes scans 20 'or"cas, THIS.
In vIcw OF the rather confident :"cl-
ing In wan street on Tuesday that
the directors NJ tn" Atlantic. Gul! and
West Indies would dcclar" ~" reg
ular quarterly dividend on tho pre-
rcrrcl stock. The action taken vas
iHrday 'n dof"rring tho declaration
,gIor another sixty days. consequently ".
came " . comnl"'. +urpt,se 70 ~"
. that IN" dividend would u" declared
ihat N" stock rose about scv"u
points Late ycst"r''ay however. II
reacted sharply tn" anrounr" mo"t
which rnuc long aft0r tho clog" nat
urally was outv reflected ~ 'hr OPEN
ing today. and 'hcr" w"r" sharp
forrcd stocks 'rhr preferred stock
lost - point ovcruirht. The common
"uouni at 'hir'y-uin" and forty. an
"yfr"in" break from yesterdays clos
H. "rn,r lower The directors stat" that
itl"v hone NEGOTIATIONS TO- tho nov
,hnnnc ,o@ ."iIi H. 'ud"a bei2r"
allotted th,t. finders ~nrc not 20 hop"-
~ r"e' "a" outlook
Tho Tong aNrcrtad announce rrou.
a. to wHat the Norih""n raCiGr Rail
,Ahn'd,ucs ~ land In ,No Wrs'. which
w. ar" "uurcs~d To- contain oil and ras.
H. an" lai" last uighi. Tn. COMPANY
-corplry which VIII develop IN" land
,"auh also H. Out contracts to nt1cr
l. "on'uani"- 20 uucratc ON q royalty
l. 70 is Tn" stock gaiucd slightly on
tho announcement hGt those Whu h|d
e "> nC"' I'd ina, Tho cor pany would dis
rrihu'" tho shares oF the n"w com
were disappointed. rho rallroad viii
J. rctajn control In tho nsw Couceru
ar,i only sell 4 smnl' a'nou' ~ stock
Cor IN" pnrposc, 81 "h,ai.nE small
~, all ot tn" annual reports which
con-" 20 hand mako un'aYDrHbl"
show ngs Tor 1920, d"spit" The decline
e.,which started .as; v"ar THO annual
rerOri rl the Corn Products Refining
t-tmpanv Cnr 1920 shows net earn
Z rigs available for tn" common stock
equal 10 s2I :. per share com
pared with s23aG per share In lai"
rho annual report Of tue American
Locomotive company records earn
incs equal 20 !ci.iJ por share against
t?oGs, 'ho War before These ar
w. very interesting Sho"ings Tor tu5
h st"ckhoidors. but il remains % hr
e socn what IN" companies viii bc abe
+, can surar company is expected 10
= u" made public next week
r scars Hoehuci. & Co: according to
r. r'durc tho wages ot i's employees
= affecting about 600 people. This
<. together With tho reductions an
E, rounccd this far and those contcm-
~ plated indicate that the adjustment; nf
q, labor is slowly hut steadily falling
- into liur with the adjustment in
~ othcr lines IL Is rather cold way
-. for Wall street to look upon the
.. situation hut the belief here is that
X, tho sooner wages come down. tho
g sooner tho rcadju*tnent period will
e \ al '.,tH, l,s,
. factor in holding up the cost OF
T. Lying. hut with the tax rate at Il
now hich record little relief is cS
t,Pectcd Ia this item.