Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-20
.F|RMNEss OF MARKET
CAUSES DISTURBANCE
Professional Traders Offer Stocks
In Such Volume That Sharp
Breaks Are Recorded.
MANY BROKERS ARE ABSENT
Attendance on Floor OF Stock FIX
change Is Light and Expected to
Continue So on Monday-NIay
open Lively Wednesday.

NEW YORK. Feb. 19.-The flrIp-
ness OF the stock market was dis
tnrped during the short session, to-
Gay by attacks on tho stocks OF thosu
COMPANIES Whose annual reports are
uHpSc'eu 10 make very poor showings.
sian,s traders offered thos.
aisochs In such volume that sharp
ulunka were recorded In them. un-
Suing the balance OF the list The
s,nnares under hcavies, pressure were
,'I1htic, Guif and West Indies which
o.nohe more than i've points. and
points NJ
Standard rails and indus;riais ex-
pathy with the sharp DECLINE "a in som.
o, the speciaitios but the net changes
were unimpor,an;
Humiliation In Copper.
frrhh liquidation brok. out In the
IN the copper industry and tho fact
IN MAJ some producers, are reported TO
DC selling the metal under IL cent,
a pound Notwithstanding the fact
mat ao0.0og.00t pounds OF copper
Msfc taken out of the domestic mar
he, through It's ailocatIon TO the Cop
per Export Association. no improve
men, has developed. and expectation
~ som" quarters Is that some OF the
.."n,panies may have To announce.
,orper was active AT the expense OF
price AID closed with a net loss
OF nearly three points
MANY brokers remained away from
pack until next Wednesday. The Mt
tendance on the roor ri tic stock
exchange was lig!i, ana - expected 20
continue 50 on Mon..ry.
In. fact that all three stocks
which were attacked yesterday have
bten known To be- the children OF "a
certain large house Led many people
IN tho financial district to begin
m u .g,..s =,
certain persons In the financial dis
trict had not organized a concen-
tratcd attack on certain stock OK
change houSe which has always been
:. prominent factor in making the
market for American Woo!.n At
lan,ic, Gut aud West Indies> aud
Iiah copper. y concern whose chief
business Is the distribution of bonds
nnh stocks "as reported rs The chief
seller of American Wooden IN the
rharp break which Developed during
The las, nftecn minutes OF the session.
Urgent selling Results In Brenk.
trgcn, selling OF Atlantic. Gun and
West Indies by people who insist that
the common dividend viii have To be
passed continued and resulted in
SreNkinE The stock through nfty ana
TO "a ncs low record Good selling OF
ttc preferred was also In evidence
ana forced 1t down TO ne" low for
this movement. The comr,.n closed
within fraction OF tie bottom
figure. There "as come quiet cover
inp OF short stock a little before the
closc Ny those "ho learned that the
company has secured sl.OOp.OoC from
The shipping board pending the sale
oi new securities. The company liz
reported 10 have asked "A loan 81 So.
OOc, 600. Tho proposed new hnancinG
embraces sl3,oo0.00O OF which $1,000
coo IL 10 be equipment trust ccrt.h
Gates secured by taEh ers. The stock
was not helped ~ the reports that a
substantial amount or tile Mexican
oil fields are showing water. This
report, however. is receiving practi-
caliy no crcdrncc by persons holding
large amounts OF oil securities ana
familiar with HE oil business.
The annual report ct the Central
Leather Company was even worse
than The street had been Looking Tor
,hr deficit being in excess OF SIS, 001..
900 compared with surplus Ia 1919
OF tS,3Si,47c.