Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-07-01
DROPS FROM 1855 H|CK
OF THURSDAY TO ia
Exchange Governors Turn
Down Petition TO Close Bus
mess Monday.
HUDSON CuTS CAR PRICES
Dctroh Employers Associatlon ne
norts 2.f07 More Names on Pay
tolls, bringing Number N TO
ls0,91l, Against IoD,OOO Last Year
HUDSON CUTS CAR PRICES
ny Il. T.. nnrau M.

u! ". l.. Hnraum.
NEW YORK. june 3o.-whiIe the
voted 10 turn down tho petition OF
The members asking that Monday be
declared an extra holiday number
OF traders have already left town
70 Ket away from the hot, spell. 20
h" gon" until Wednesday. and con
seGuently business slowed down to-
day steel common failing to appear
ON the tape until 1890. Eumething
very unusual Mexican Petroleum
had several sinking spells today.
touching IA during the carly Trad
Ing, compared with Yesterdays hIgh
81 lsG. and 20i l-2. the high for last
Monday. following the decision Of
the STOCK EkchhnS" that The stock
had not been Cornercd.
Notor Car pricc. Nrduce,
one ~ todGy's moet Interesting
EsNs Developments wa. Tn. AN
n"nncement that - Hudson Motor
Company had reduced IA. selling
prices OF hudson and Essex cars
from $50 10 400. In mos, automo
hue quarters. as result Of the re-
cent activity. predictions had been
made that prices wcr. Ia b. in
creased. Jnday's developments not
only make general prIC. inCreas.
unlikely. hu, 1t makes price reduc-
tons by other companies "2trcm.ly
iiheIy. Rumors wer" heard today
that the next company TO announce
price reduction would be Buick
Tn" Buick and hudson people. II was
argued. were after s,udebakcre
business. The feeling her. today
was, however hat uricc cuts. whlI.
indicating that the cdge Was on AZ
the years huying movement would
nor be anything IKE those ot last
year.
D-roirs IN, Roll Jumps.
Weekly increase of 90 men on
Jay rolls was announced today hv the
potr"it Employers Association
bringing tho number ~ employed up
10 ls"e7l ms compares win
10000 for ,he same week u last
year, and with $50. 900 FOR 1920. when
business vas s,ill booming Th-rc
hns been AN increase tn those en-
pioyed in Detroit. 1t Was reported. II
10000. That represents great vol.
ume OF buying power
WIN demand continuing strong
hnd with the cost OF operations in.
creasing through fuel and higher
wages the steel companies continue
10 advance prices. rhs average sell
ing price Of eight principal iron ana
steer products as now $500 ton
against |ioB week ago H2lc
the 10" for The year made Ias, Feb
fuarN 'tS.0? the high for 1890 aud
s3'.li. tho average FOR the thirteen
years ending with 1919.
Europe Proves slow rny.
Treasury omciais frankly ADM,
that they are discouraged over mo
outlook for collecting or refunding
interest OF principal on tho III 600
100000 war debts owed our govern.
ment by other nations The war
debt rcfundinG commission appointed
hY ir""id"nt Harding under the re.
Gently PASSED law promptly asked
each nation owing our rovcrnn.n,
for detailed statement of their
position and intention. Todav's In
formation from Washington saws
that only n very few replies have
been received and that these make
IN" outlo"k dark. France save she
viii be unable 10 pay even interest
Tor the next two or three wears.
tthcr replies arc less cnc0urarirr
than that Of France England which
many months ago made plans in her
budget for interest payment to us
TINS year. so far has made no reply
10 the inGuiry OF the war deb, re-
FUNDING commission. And SO far no
interest has been paid
steel Merger Approval Expected
An carly approval Of the proposed
mergers OF independent steel com.
NAMES by Attorney General Daueh-
criy is expected here. Today's new.
from Washington states that so far
Mr.. Daughterty has received no re-
riits from his widespread Invitation
20 hear arguments from any rcsnon-
Sihlc individual ohJcctinE TO the NOR
Eer@. u was Officially stated today
mat the conferences between the
department Of Justice and other gov
:rnment representatives regarding
the proposed steel merger would Toe
ended July 10 This "a understood
by wall Street 30 mean that unless
something unexpected dcvclupe from
The ind"pcndcnt Investigation mad.
ny the Federal Trade Commission.
the mergers VIII shortly after July
10 be declared effective
Unexpected Improvement in IN.
condition Of the growing cotton cror
Is reported today by tho journal of
commerce In It's estimate based on
returns from 1900 correspondence I'M
der the date Of June "a. making the
average figure 72.< an Increase for
tne month OF g per cent This ia
me highest June condition figure
since 1918 and makes possible
crop OF ll,@2i,o0o bales. against =.
'o5'ooO year ago. l3439000 two
years ago, and l6.I34.00O. tho h,p
lsit crop The government rcport
VIII be published Monday.