Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-13
No REASON FOR DECLINE
IS SEEN BY PRESIDENT.
Wall Stree, Recalls Similar
Break in Alton Shares
Recently.
hr. PAUL CONTROL CHANGES
believe Armour and Western Assoc
ctnfcs Seek to IIuy NOad-FIrst
Iund of Anthracite Teaches
New York.
sT. PAUL CONTROL CHANGES
Iiy Il. l.. Iinrnun,.

written for the United NewsJ
NEW YORK. Sept. l2.-pront-tak-
Ing occurred In the stock market
during the early trading and prices
were coming back when string OF
Chicago Great Western Securities APP
peared on tho tape at declining prices
causing some unsetticment Presi-
dent FELTON, wired from Chicago that
he knew no reason for these declines.
while bankers here closely Identified
with the company said Tn. same
thing
Wall stree, recalled wha, had hap
pencd In tn" ease OF Alton rec.ntly.
on n sudden decline in the securities
az that company. !, sceng Tim, :,
syndicate .. banks here bought M a
i"rR" block Of Alton bonds in the
"prh inarke, some weeks ago and
sold them at q pr"at 10 clients. On
TO" day Of the r.c.ivershiu one client
VINO had purchased the bonds called
W on" OF the bankers to AJAX what tho
matter With the market for Alton SC
cur 'tIer. lie was told TO forget the
sudden decline, that his bonds were
- good AK wheat II seems also that
me President or The Alton DID not
Nno" ~ the recc!vcrHhip plans until
after they had been executed. tho
iiari 'nan. Union Pacific. Kuhn Loeb
''''~' N"'' '''iuluS sEuuenlk tp
take their lph- and start over II IS
believed TINT these interests will take
new prctcrtcd shares FOR the bonds
ihcy held
chicnS" Northwestern sold on a
nom today when ~ va. learned that
ih- 'rtinr "a, directors TO dcciar.
"iNIiends scheduled for today had been
POSTPONED. The only reason Toy the
p"s,nonen'en, was IN" death of rresl-
h"rt Clarke. az tn" Chicago. 81 Paul.
minneapolis and Omaha. 4 subsidiary
company. The meeting Will nc held
september 10, unless something un-
foresesn happens ANA the regular
N"iniannnai dividends Will be de-
cinrod.
There are good reasons for bcliev
ING that control or the - Paul.
"Alch for years haa been iri the
hands % standard Oil interests here.
mas passed 10 Chicago. For years II
~. R"Eera ana William Rockcrclier
N'fe me ST. PAU. Bu; FIRST Rogers
h:ed and last June the death Of Rock-
r.r..'' occurred. Ogden Armour ana
ms clos" p.rsonal friends nave re-
Gently been heavy buyers II St Paul
common and II is believed here that
theS now hold enough stock to carr
'"htFoi Sr!nours iJthcr was one o.,
INC chicago men who financed The
building ~ The -, Paul Ogden
Armour has been a director OF $,
Faul FOR twenty years or more ami
mas. always taken great interest in
thr PROPERTY. making regular trips
here 10 attend board meetings stan.
ley Fi"ld. IL. T.. Byrarn. ana \. j. Ear.
HnS are other Chicago directors. 1,
Would not b" surprising to sc. an
other Chicago representative. MI tho
vacancy now on the board cuu.rnI
OF Rock Island FOR years was held i'm
IN" West. II came East when thu
moore Leeds Reid interests bought
up majority OF tn. stock in tho open
nark"t IN 1901! Sow IL is back TO
Chicago.
The frs, train load OF anthracite
since the strike has arrived here. I;
was made uD o. thirty cars. /, cam.
over the i.ehigh Valley.