Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-06-02
T0CKS ACT WELL UNDERI
MEMORABLE CONDITIONS
"k"t Experts Declare Indications
Clear That Liquidation Has
Run Course.
All CIT HAS GOOD EFFECT
IhN Dissatisfied Persons Traders
snort OF Market, Anxious to See
Lower Quot Cot.
ION Crop Since fSDY Forecast.
ny Il. J.. HlIt\t-i.

~ ~ ''- htt W VI.
Nt'W YORK. Hun" DEMONSTRATING
49, lays news. the s,ock markc,
''l very well. Indicating tina,
htida'ion had run it's course
ii't ~ was learned that two SINAI!
"'Hcr companies tn" Portage Rub-
'"mpany and tn" Martin Tire.
VT '"r Company. had passed into tho
'"'s Of receivers. Thcn Iafayct,.
'Hnn. Oakland. FRANKLIN and
.m"'h"Hcr ali announced price cuts.
N'h IN" South port"-Rico Sugar
Ihpany' passed It's 2l-2 per cen.
h''"rly Giyid"ud because of tin.
price fpr sugar and unsettled con-
ro'S rhcn the iron Age. in IT,
'"'Ely review of trade. stated that
"''LS We're continuing to act on tho
~ 'na' lower prices We're ahead
d'ins that tn" fow current transac-
ions encouraged such belief
vas also stated that .hn stool
VI p''hiinu not caring TO huld the
|h"rella indefinitely. MAS again con
u'iln& the rric" cuts made by In
I''behhentS Il vas tho price cutting
II IN" independents that br1tEht
|ouFt inc price cuts OF the steel cor.
{"FHtion on Anril -
'"i Had News Had D"cn Discounted.
'4' despite TINS budget Of news tho
""rF WAS sayiu; an day that tn.
| o'''FA "i stocks were of the boiler
|hN un!avorablr trade ,lcvciourr.n, &
mao about been discounted stock
mar "si"ise. ana that general lmsl-
['esS Was not going 10 cou,luu. long
70 marx tim" In conservative hgrE-
FhE circles the belief WAS EXPRESSED
Ehat t'day might see the ,uroir..
pom, Tor tho better In the stock mar
As an ons,, to the rnrav,rab.c
nc"t Of tn" day, tho Railroad Labor
Board announced It's order for en-
-F"rhEe - %. cent reduction in raI
'"aF wages. Traders, VINO wefc short
oi Inc market and wanted To Pee
p' ices 20 lover. were loud n voiciDt-
thcir belief 'hat tho decision on tn.
"hE" question was d!sappu'rtIrc.
thai the cut should nave been a, least
20 pnr cent.
N"lnn'"r! Reductions on Why.
Wal! street VAS also much graf.
tCd 70 learn that President Iiarrlnr
h"H haf "a conference today WIN th.
lh'efSni" Commerce Commission re-
Eardlng tn" administration -plC4Eu
for lover freight rates. Members ~
mo commission pointed out taa. a re-
VISION 81 rates vas tcing worked out
|th'puEh voluntary reductions an tho
part 81 thu carriers, and that iuanr
|pi u" horizontal rate increases on
commodities were thus being .i.min-
Tho J. = Morgan Companv. syndl-
|iaic. HlaraG"rs for the now SluO.0uu
l'o French loan, announced today
nat tho Subscription books would be
tossed ~ noon TOMORROW win all Of
ti' bonds sold.
Scars Ipehck published its sales
y IT, ~ Z - % ~.
t%hihSt {i77ed.g0o for the same
n on'h las, year. This is a falling on
~ - $4,000. or 30 por cent, however.
or the nv" months ~ this year sales
l:cTo only S1S.32l.On0 a against Sl2i.-
'Io."No for th" same period OF 1920
!. loss Of - Her cent
smallest cotton cop since 1895.
Receiving Information from $500
|7pcciai correspondents In ,hc cotton
iei' as al AI3y IS. tn" Journal OF
Commerce estimates that thcrr has
been cI' % 80 in cotton ncrca=c
his year. Indicating tho smallest crop
SiuCo is3N Tho acreage " gb.5:S 600
.ow planted compares with 30 900. GOO
Ior lnst y"ar ana Tho Same for lGla.
with aToT3,oo0 for 1913. ana 32,l07.00o
'or 1915. when tho crop was only IL
|iGl.Nou bales the smallest in tcu
'cars
Tho drastic reduction I'm this ycur's
tcrcAEc Us attributed by tho l.S0o
rrrrospoud. 20 the jUabi,i'y Of
'nrmcrs 10 get needed financial nc
which Of course was
luc 20 the heavy carry over from last
gear. tho heavy shriulaEc IN selling
prices. and the shrinkagc in worIr
lrmand cold vet weather was also
4 factor The most hopeful factor in
4.