Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-06-24
SEVERAL SHARES MAKE
LOW RECORDS IN MARKET
Wall Street in Highly Nervous Con.
dition-Nothing Like Normal
Conditions Noted.
s. RUBBER DECLINES
irHinia Carolina Chemical Dircc.
Tors Meet and Pass Dividend on
ircfcrrcd Stock Due To General
Trade Conditions.

NEW YORK. June 23.-Scw Io,y
ccords were made today for rni,,d
ncS hubber, Sears Roebuck, Enarn-
ing industrial Alcohol, Pressed
cel Car. bethlehem Il. CrucibI.
ch' wanna steel. Goodrich. Chand
~ steel common and Il few Other
however while the market,
,Hi IN highly nervous coudi
ION there was not as much soiii,,.,
'rcSsnrc as yesterday ana ro,ht,,'
n" hs much az Monday.
Shareholders of the l'orei.r
INK held Il meeting today ana vo,.d
~ "iu!dhtc and 80 out of businc.s
my bhnk. the first of tn. djscn,,n,
'"hHs' was formed bv Max Ma. AMI
"'''"sts identihcd with CASTOR WI.
ANS and WirmOre Thcr. az. nn,.
=" n"b's outstanding The caul,,,
"ck ana surplus amounts I, -
United States Rubber mad. It's lou
1 "s parity on rulnors that the div
~ would be cut in half AT In.
carry IN July. IL not passed
"ch crude rubber IS now selling hc-
ew IL cents or the loves, ,cv.,
"ohcn. Many companies using ,bis
material had contracts for f,
'' h'IlNery around last years hIt,b
L '' "i % cents Chandlar also d.
I'' ON runors Of smaller dividends
'thefh Pacifc earned x25,3i5 On1
gross for May. \ loss of s2G9 400
mbared with the same month or
Net income. however. was
mailer ny only $4,000. For the five
Ehohths gross amounting To Slo7. 0Oo
10 was larger by $4,000 900 with ne,
1873 900. 81
a. "a
|hotipton books for IN. 500. OGO. 600
french loan are still opcn. Franc.
hot Interested In this news mas
nuch as she long ago has received
her money II The offering had moi,
nten undcrwrittcn France would s,Iu
he waiting tor her money. No, All
Underwriting syndicatcs are success
!uI' a iact which should b. ken, in
mind by those inclined to wonder how
wall street justiics it's existence.
II IT was not for Wall Street and
other bankers willing TO undcrwrite
new security issues many corpora
lions IN need OF funds for Iogitiina,.
purposes would have "a hard time rails
ing money.
Directors OF the Virginia Carolina
Chemical Company met today and
passed the dividend Oh n. preferred
stock. /, was explained after mo
meeting that this action was due To
general trade conditions. rhe dlvi-
d"nd, II Was added. is cumulativea
viii be paid when earned
An Increase OF S2.isI cars va. re-
ported today By the American Rail-
way Association in the car loadings
Tor the week ending June IL com
parcd with the preceding week I,
was explained that the decrease Of
Soouc cars reported early this weHs
!or the week ending June T. WAS Lur
partly TO Decoration Day
Illinois Genital reports slc.2g cents
earned for its stock during tn. yea
ending December 81 against sos.
FOR the preceding year. This com
pany is doing very well this yea
compared Ia most others
Three reasons were given IN bank.
ing circles today why The rails do
not discount tn" rcadjustmcnt in
wages and working agreements cf-
.cc'ive July |. One was the div
bends that are helm, deferred. 49,
other was tho rcadJustincnt Down
ward about TO be announced in freight
rnies on trarsccntincnta, traffic ani
on business east OF the Mississippi and
north Of the Ohio. The other is tnat
Central r:uropes investment holdings
Of American rails ~. being sold on
this marke; through London .or me
purpose OF raising credits here.