Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-10
Emo MATERIAL CHANGE
q. IN MARKET SITUATION
Price Changes Throughout List Are
Irregular and Mostly Tn
IS important.
4 RAILS AND OILS ARE LOWER
American Sugar Moves Within II
Point Following Publication Of
StatCmcnt-iir brake Issues An-
nual Report.
RAILS AND OILS ARE LOWER
ny II. l.. u.IlNl',I.


NEW YORK. March a.-AEain Their"
was no material change in tho gen
erai market situation. price changes
throughout the list being very irrcgu-
lar and mostly uuimp0rtant. The
rails ana IN" 0i! stocks were Slightly
tics. but Ia general t".ciu- ~ d.'N
was very quiet. American Sugar,
: which has had q ShsTp u,,,rlt. ,u go
ttctpatiun OF poor annual statement
Tor 1920. moved within = point follow
ing the publication "f the St:trnn"n;
today. and in inc late afternoon MAS
fraction above Yesterdays iinal.
The annual report OF the New York
Air Bras" Company. issued today.
shows gross sales Of SG.5;5.>46 as
compared with S3."5l.i,9 in l3l?. III"
or moro than a million dollars above
last year. Tho balance available Tor
( the stock, however. amounted to only
s.5I,Sso. as against SC2i9Sa lrv.u-
tory adjustment amounting TO Sl.fj+
-522 was charged 20 prom; and loss.
and not I" earnings Of las; year. II
that that had been done a deficit would
loss surNlus as result vas reduced
from $e.oJ2.Ics a the clos" OF 1919 10
si:etT.52S a the end OF 1870.
There was again very little change
In me local money market hut the
foreign exchanges recorded som" i'm
rroyerc5ts IA tho carly dealings.
The heavy selling 81 General Mo-
tors during tho early rar; of -oday's
tradiae attracted coasjIerahie alton
ton n brokerage quarters. On. block
of $4,000 shares appeared on the tape
az q. followed ~ several other sales
of from i.-up - 5000 shares at IN,
same -: Later Z. broke Is. Tn.
source O.; t!' selling wsS Tot learned
but N comm S>i01 houses = : The
belief THAI IN. selling IN these and
other s-oJSS : 3D. 80 :a, necessity on
the part 81: numerous nd. r.i-a!s cor
raising cash - NEE: u. frs, Install
- a. - % :.
week. There are many quarters in
this Street which AXE - optimistic
EisinE the.r customers &c :S.e on
these stocks. 6-s.i;- ~, Ia: that
rer cen, q ear&e.ty !, ) NJ con
industry has turned the corner.
Railroad stocks we-s ara.u heavy
today &c result O.: tae pcu- earn
inCs statement beng published cover
ing the month a.. Pathway. O-l-ia,s
OF the Gre2; Northern and the North.
ern tac!nc ;ccs;h.. With som. rf
the leading lcCa. bankers, we've *
pected 70 confer with th- Interstate
Commerce Commission TO-DAY IN -
Eard 70 the !-l5.00C.e"6 Burlington
Join, Is whteh Ina;p-= on @u!E J;
seveTa! plans IN mind 10 take Gaze
Of this obligation, bui in view OF The
recent ruling, Of the Interstate Com:
mission the bankers aye d-siruus az
consulting with the commission a
20 which vii! be acceptable.
The annual report -: The Le,. Rub
her Tire Company Tor 1920, issued
today. shows net income available for
the stock equal to <2.ll per share.
s compared with SS.li in 1919. The
annual report OF the Barrsdal! Cor
(. porat!on shows earnings OF t@.uS per
share. against s2.1r in 1919. The
president 81 the i!arnsdail Company
is optimistic on the "i! outlook stat
ing that crude oil has evidently gone
far below it's real vaiue and that the
next few months viii undoubtedly
witness an upward revision III prices.