The Washington times., 1921-09-21
Lower Railroad Rates.

DV"ct ftokIUno htatCb.
Opposition to existing railroad rates
In growing daily. according to indica-
tons. Not only on freight, but on pas
many quarters that unless railroad
executives take the initiative and an.
nounce radical cuts. especially on
heavy commodities, the Interstate
Commerce Commission may take &C.
ton. This could be done by reopen
Ing the hearings on the order under
which rates were increased. Should
these reductions come voluntarily, the
general belief is they would not only
materially assist the improvements In
business, but would also offset op-
position to the rail relief bill. The re-
auctions already announced on ship
ments Of road construction material.
grain and livestock are regarded as a
trend in the right direction. Decreases
in other commodity rates. bringing
the general reductions to Is per cent.
are desired. With the summer ex-
cursion season ended some cut in
passenger rates, II is felt. would In
the long run help the roads.
UnseifIsh OIL Men.
The advice Of brokers associated
with the oil interests, so pronounced.
ly bearish during the last three weeks.
might be summed up as follows:
market SO that we can buy a line
cheap before general business i'm
proves further"
The Aftermath.
The storm rolled over and conditions
have become quieter while the op-
posing factions are apparently feeling
each other out. That several smaller
traders were caught in the smash, of
course, does not interest the leaders.
One interesting result OF the collapse
has been the abandonment Of a stock
which heretofore was considered by
certain interests as likely to play q
leading part in the advance. The
magnate who took this stock In hand,
Ii Is said, has decided to leave II alone
now. Livermore, It is said, was always
adverse to II being placed In the fore
rank. Several Of the houses asso-
ciated with Livermore were warning
customers to be cautious in commit
ments in the near future. The oil in
terests attacking the advance are very
strong. 1t would be folly for one
operator to try to take all the stock
they offer. For this reason reactions
are considered likely. They will not
come when everyone expects them,
however. The main trend Of the mar
ket. according to this group, In bound
to be upward.
Picking the Reprobate.
Traders are searching anxiously for
the weak spot. They argue. there Is
always one or two stocks that go
against the main trend in an advanc-
ing market.
Gary, I'm Mexico.
In certain quarters, where q close
touch is kept on important happen
ings. It is rumored that Judge Gary
has decided to end his stay in Mexico
and return sooner than expected. At
his office, the Judge is not looked for
until next month. II is also stated
that he did not go to Mexico on bust
ness, However, one OF his close asso-
ciates, when asked as to the posi-
biiity Of his taking Mexican orders,
stated: "Of course, II 10,000-ton orders
were thrown at him. the Judge IL not
the man to dodge"
Market Street Pool.
From the caliber Of Market Street
Railways propaganda IL is evident that
the pool Is considering 1t Ii time to
unload.
Selling OF Chandler.
Chandler Motors sold lex" the
81. so quarterly dividend and immedi'
ately declined on large offerings. The
selling was attributed to traders who
had bought In the belief that Chan
der would follow the advance in
Studebaker. When the professionals
observed that 1t was not keeping up