Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-28
COPPER AND RAILS LEAD
TRADING IN WALL Street
Market Remains Quiet Fol-
lowing Holiday, but Strength
Is Held.
u. s. HONDS IN GREAT DEMAND
Cadillac Announces Prices VIII he
Cut On All Cnrs. Directive january
I-HuhsOn md HuIck Also VIII
Make deductions.
u. s. n0NDs IN GREAT DEMAND
Uy 70. J.. Iinrnutn.

NEW YORK. Dec. 27.-Today's
stock market was holiday afIair.
But while very quiet II was strong.
The copper and railway equipment
Hhares attracting the most attention.
There was good demand for United
states government bonds. bushes.
men here are now predicting good
trade by next July. II these prcdic-
tons materialize better trade will be
discounted stock market wise six
months In advance. The stock mar
ket Is always six months ahead OF
poor trade and a half year ahead OF
returning prosperity.
Copper shares strong
copper shares were strong on the
recent Increase In domestic and for
elRn buying Of the metal and on
hopes that the shutdown mines viii
resume during The first quarter of
next year on Mt least 40 to SO per
cent output. 1t liz n matter of com
mon belief that If the railroads do
not begin now to prepare for normal
trade conditions they Will again he
caught unprepared.
Today's idle car statement for IN.
week ending December Il, showed
burpIus OF I'll .331. an Increase over
INC prevIous week OF 3l,6s9. or this
'otai, 371,22l were In good repair
compared with 33e,532 for the
previous week. The bad order car
surplus was 1so.116.
On December Is the unemployment,
nEurcs nero In New York were 343-
900 against 33l. 900 for the rniddl. az
nctooer. according 10 today's report.
Ihis Increase OF 1900 is exclusive Of
me hoatins supply. which is esti.
mated at between 10000 and 10000
mo creates. Increase In employment
was In the retail holiday trade. and
the largest gain In uncmploym.n,
WIS In building trade lines.
HrcclvcrshIp IL Announced.
ionays most discussed news de-
Nc!opmcnt was the announcement of
icceiVcrship for inRer.o!I & Bro. the
watch men. The National CITY Honk
oiaiihS II has unpaid notes Of 5000
"o'. tho Chase National Bank n sini.
FAR amount, and Hathaway. smith
folhs n Co. $4,000. Liabilities are
estimated at more than $4,000. 600 4. nd
assets at more than $1,000. 900 not In.
GUIDING good Will In well Informed
hanHin. circles today's Announcement,
caused no surprise
'h!l money opened AT 3 and early
~ va" second hour dropped 10 .l.2
WIN ,ht available supply large
cadillac prices Will he r.duc.,
n "
hnd $3.50 on suburban EuicL -
hudson VIII make smaller reduction.
on IN" same day. 'rhis announce.
"eht was not good reading fo- m.
'"t"rhhics making fewer high p,ic.d
cars. ~ '''o
,r nhnn@i McRoherts. who was vice.
u''Sih"nt a! the National CIV In
N"hhcriips ,imc. and very close m
mat banker has been elected rr.ei.
""h' "f IA" Metropolitan Trus, com.
ranF' II 10 understood tina, McRob.
tr's ana several or his close friends
',m nay control az the Mctropolitan
ihc National CITY announces INA, n,
us Forty second aud Madison 49,.
h"c branch. deposits o! dollar n,
more VIII be received and thar CON
r"nhheh interest figured seYniannu,u,.
VII be PAID on all deposits OF IS or
Gasoline Pric-s 7,r.p.
'ialo"n- prices In the ROCKY Noun
'"ih territory have been cut no
cents a gallon whoicsnI. to ~ c,n,s
E!Sht shipments Of gold arrival
mere over the HOLIDAYS ON. Int nt
.2's2o0OO came from EngInnd on. NJ
sZ,o4o'ooO from Sweden Tho o,,,er
1,, were all small lots from
International paper is n.eo,io,in.
WIN bankers for "A $4,000. 900 s u.r
cent hrst and rcfuniinr bond sal.
proceeds Will be used TO paw on b.,.
ioans and ralsc needed WORKING c,ni.
tai. The oS now outstanding are sell
n'E around 30 or on a Sc per cen,
income return basis
Chicago G. Alton is roin,. IA a..
bloomington, H.. shops on n thrcc-
ga! week basis until further notice
Kansas and Texas announced IN,
nut Missouri, Pacific and the Missouri,
their shops. which were closed down
beforc Christmas will be opened Ian.
uary :. '"'-
pennsylvania reports for November
Sfs'o"u'oVu gross. decrease OF SIG .
o"o'ooV compared with last wear. How
ever drastic cut in Operating ey
'o''ooo. an Increase OF sl3O4 900 For
penses resulted in net income OF ts
inc eleven months gross Of $500. Oo0 :
Wv" SHOWS decrease OF 553,512 0oD.
hut net operating incom. NJ sa7 asi
""o was larger by SSG,sG0.0OO. New
York Central reports s21 73G Ooo ,rnss
Tor NoVcmber. decrease OF sGoII :
WV win net operating income OF Sc :
o'b'ooo an Increase OF $1,000. 900 Far
me eievcn months gross Of S2aGls7
600 was down S44.753.oOo. and ne,
S4l,350,0O0. wy
Exports of soft coal from Hampton
ROADS for the week ending b.cemhcr
"a, were only 1895 tons barely coma,
L" the daily rate OF last year. Total
production OF soft coal for the we.l.
was down 10 70iG.0oO tons n daily
average or ll14,0/0. the smallest for
any december since 1914. The pres
cht rate OF production is at an an
hna rate OF only S63 900. 900 tons the
smallest since 1908 This renect. ,
trade reaction. England with lower
rriccs Is cutting heavily into our ex
port coal trade