Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-20
NO HEADWAY IN GETTING
PRICES DOWN IN MARKET
Traders, Start Last Weeks
Tactics With Little
Results.
MARKET PROVED RAGGED
Hond Market Holds Strn,iy with Dc
hnnd Tor Good Sccurctlcs Com
ttnulnR Activc-U. =. Mall Issues
Especially Good.
By u. l.. IBnrntIm.


NEW YORK. Dec. lo.-Traders who
pounded tho market last week
started I'm this morning TO rcncw.thc
same tactics The market was
ragged. But little or no hcadway waa
made in getting prices down. Rails
were strong on the postDoncmcnt of
III" rate hearing. II was Oh tbs.
bcarish talk which preceded this
hearing that traders started selling
- ra'is zen d"ys ago. IN me mean
, son,r cheap rh'irphd stocks nave
p'.n'u up ny IN ""t"'h' AhIcri-
-, was weak '""aS on yak
'ne t",hpahF was about TO 90
in ti'hic'ng 'hrougn NJp.po"'oVp
"u ns'usi nil stoch. ,"h'eh Ihads
~ $780, . , ,DF 81 I'm a, o.,
hitef""rHs SOFA nn u
n,,,.Ia. w, ,"tly 'p"ns l" -.
49,. u 49,, "i MSS nSDii mont s'or"
.r,,.., 80, '"' :" 'P'','t, - -
..Id 49,,
w - "hu men
s,,rn, " '' ." oi'e S"'e " IVY
NJ,
"f'"""e "i '"""s'
"HiFs most Interesting news de-
Eciopfncnt was the announcement by
INC NATIONAL CITY Company. the sub
H'hlary OF the National CITY Bank. o.
we purchase or ao.o0too0 per cen;
'Weh'y-year bonds of 'hc Kingdom
pchmafk' ca!abIe IN >whoi". nut
hot IN part at los. IT TX understood
mat tho price paid By The selling
"",c"eo "as ne"e pohdS
nre p"inE oHrreh M - - or on
~ '".'r ..o"' ""s,''
nnn 90" ." 80 $500,
So, 80 - - "",'"1
,,i 90"
10, ." 80 '''"'' '""'
W. an 'hilchlioh or our imp"f lance
tn III. ~orio money market the VA
'ohai City COMPANY has also pur-
biased from the Canadian Pae!hc
hh,iroah >-'.oooooo per cent h"-
', s'"uk' Hc,'t"'"'c 'hc
,",".o..i tt' h"s AWE so'u us
AZ anu u mas ho'd
.rh =" nr.
Wv ,'!'u ','''i ~ .Ici' Nt'hhS 'o-
ia. cnr,tr,'t,r n,i,.
,.o,,.ro,,a',, ,a,., 49,,
zoo, ,in,r,,d ''Ps''"S !"
Pa, nr,ccx n., v,
Fran 49,, ., 49,,
,h,, tho Lirn.,an ri
Conn,nv has 5nrtacd
It's losses n,, invnn,n-trs ~,
tho New Year win nri,cs -, o,
low the nnrkc, no Do ~. ;,,.,.
tories havo bcAn write, ~, tom,
$4,000. 600 10 80 mo 40 ,,,.I ~.
q
l., written down from $4,000. con TO sI5,-
100000.
y II was stated In ,h,s co1,,,
two wccks aeo ma, H. S'"
nn the oil mary, M, ~, 80
concessions were heinz MAJ ~, 49,,
oil rcfInerIes ON iuhrir,,i,,, IL, ~,
day hgurcs were puhIIsboJ spou.i,
the supplies held hv rCo,,.ric, g., 49,,
country at the end NJ oc,nbo
pared with the same ncriod 49,
ago. Crude oil vac ,hc a,i,. 90,
showing n decline. Th,, wae 49,
s33.3is.c00 barrels. Gasoline s,end.
ing at $4,000 600 poI,ous VIZ 80. :,
pcr cent; gas ana fucI on amnur,Inc
10 i,232OOO. 900 gallons. wns mn "a
per cent: lubricntinr oil a,noun,In,.
to 10000. 200 gallons, was IN 20 p.r
cent.
sterling Makes Advance.
Another very important d.yeIop
mcnt OF the day was a further sen
sat'onal advance ia sterling. Last
week, after touching It's new high
for the year at 4.25, the price dropped
Ia around 4.l7T-a 1t was back to-
DAY to i.2Q All other foreign cx-
change was strong Bankers here
do not expect any overnight cure
. from tho conferences now being held
between lloyd George and BRAND
However. there is growing confidence
TINT PREPARATION payments will he ad-
justed on "a basis calling for super
vision OF Gcrmany's fiscal affairs and
that this adjustment will have
beneficial effect on the general inter-
national situation.
ST. Paul Railway has closed its
shopS. letting $4,000 men go. and has