Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-02-11
JUDGE GhRY's STATEMENT
REAssURES n. Y. MARKET
l. =. Steel Corporation Will MOI,
Reduce Wages or Cut Prices,
lie Says.
1MrARTs FIRM uNDEHToNH
Trading l. on Unusually Light
Scale, Total Turnover BEING One
OF Smallest for Many Months.
Copper Shares Higher.
ia nMnNll\N M.AII


NEW YORK, ROD. lo Judge Gary's
staten NJ That the United states Sj".I
Corporation Gid not coutepulatr re-
dGcinG WAGES or ,Ht;iuS prices. to-
Eethcr With the announcement OF the
financing ~ Tile H1.urG. 600 pounds OF
tcHN"r metal go bu hald for export
imptVt"G a Arm uadcrtone 10 tn,
stock marhst today. Trading was on
an unnsreNy liEl; scale. The total
turnover being ONE %: tho SMALLEST
Tor many months DEALINGS CONTINUED,
10 10 pc @lElgsi entirely for IA" account
ul profess oNhiS "nd persons VINO had
s"HSian'.dI orders in tn" market for
som" 81 th" standard issues declared
that offerings were scarce.
Copper shares were n..h.r Ia.ans.
81 We oNgrinE OF the S50.p00.0Ug OF
COPPER ENpprt Association notes
NAlGh WI! remove from tho domestic
rihrkri depressing influence steel
N;otWithStaudinE the utterauccs made
by judy" Gary, tho nnaucia! district
persists m believing that an omen
market VIII Develop for stco, prices.
conce sS!ors made in prices. Dis-
patches from Youngstown. Ohio.
stated thai independent producers in
from the prices Of tho United states
St""i Corporatiou Cuts in quota
icnS OF as much MS 81 = ton for
Gaiya'azed products We're heard. Tho
decrease Of Si-gbtiy less than COO GnG
ton. ia the untitled business on tho
books @. the United states steel cor.
p"iation as %: january ri last, was
IN IN" VIII what the street had cx-
Money rates arc expected to remain
hr". owing go the heavy require
menis that must he Tiled Within the
next week These total about SoOn
100000 OF this total 500 900. OOa CON
tttutcs 10 tho new certificates Of in
9a"bi.dncSs isSUc Just announced.
ss',.Vo,euo for the Chilean govern
q
ISOLATION notes. and several other
smaller Issues about TO b" announced
As a result Of Ia" large amount OF
now bond and notes issues. bankers
Iot the banks ana trust companies
VIII continue 10 show contraction. as
the burden OF carrying the Industrial
coinrani.s is transferred to the in
dividual investor. cali money held
steady 2. : per cent All day. and for
t!En eNchnnCe did little OF import
ance; wherever possible, bankers
are inducing Industrial companies TO
feat new securities to provide for
their floating debts. but Nhcrn are
quite number Of Instances where
loans are hoiuG extended. This pro-
ccdErc usually takes place where tho
credit OF the corporations IN nurs
ton has practically no standing. so
FAR rs the security markets are con-
Railroad shares acted indifrercn,lv
!" the onnounccmcnt that the labor
board has refused to permit the as
ISOLATION Of railway executives to
ahroratc the present wage agree
mcntS. This decision failed To caus.
even a ripple OF speculative selling
In railroads. thus rejecting the APP
parent absence OF interest in that de-
partrcnt.
Pool operations were declared re-
SronS!blc for the activity. and adj
vance of California petroleum -. four
points 10 new hirh price for this
movement. Thc old bun ammunition
ih"t the annual report would show
earnings equal 10 $40 Il share was
taken oft The shelf ana mad" TO do
active service ana reports stated that
new ""T"tonm"hts' would put AN
entirely new aspect on the vompanyS
- fairs.
Continental candy touched :. new
low record because Of the appoint
n:cnt OF receivers for the company.
which accelerated liquidation OF the
stock.