Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-27
[Ry Associnied prnss

.HF" fOth. Dec. 2S.-StUck prices
generally exhibited n firm tone at
the beginning OF the closing week
OF tho year. Except for an advance
in crude oil prices In the Wyoming
h'id' there were no particular out
size news developments to account
',.ior tho rise, the buying rejecting
tsDcculativ. confidence In business.
conditions during the nrst part OF
next year and aggressive pool opera
TONS In special shares.
Studcbaker was one Of the indlvld-
u"l features. establishing Il new
peak price for the year at iiO7-s
but rcacting half a poin, on profit
taking, the net gain on the day be-
ing is points. Buying OF Stud.-
BAKER and other motor shares an.
rarcntly was in anticipation OF In
creased sales following the winter
SHOWS. which begin In this city next
Mon'h. Stadcbaker sells x-dividcnd
30 per cent In stock on Friday.
Other New Marks Set
New high records for tho year also
were established during the session
By Pond Creek Coal, which Is ne.
Eotiating with Henry Ford for tho
sale OF some OF its kentucky coal
properties. tcwartWarner, Strom-
berg Carburetor and Endicott John
son. buying OF the last named being
attributed to expectation Of "A stock
dlv!dend early next month. On the
other hand. Marine preferred, which
recently cut its dividend In half. es-
tabiiahcd new low record at 43l-4
as compared with the years biyh
OF 81 3-s. and closed at AL. FOR a
net loss OF 2 81 points
baldwin was bought heavily on
speculative expectation that the
yearly report VIII show the common
dividend fully earned and sizcabIc
Hun carried 10 surplus The stock
touched lob, new nigh on the
movement. but reacted - 1875 on
rr"ht taking. Stromterg closed
nearly = points higher. announce
mcnt OF a proposed 100 per cent in.
crease Ia capital aud a declaration
Of stock dividend being nadc after
IA" market closed otis Elevator
droppcd two points on Official dcu!nls
That the company proposed to spli,
up us common shares Oh Il four to
one basis
Sugar stocks strong.
american sugar stocks were
strong. despite announcements Of a
cut IN tho refined produc, hy som.
% the Larger companies. gains of
- points each being recorded by
American Sugar and American He.,
'-'N''' ii!c H'F prices tDr Wyoming
'rUd" OIL found reflection In gains
o: one to nearly TIM. pui,,ts In
ihcihc On. Philips Petroleum. stan
daTd 81! % California. COs,.n and
PRODUCERS ana EenucrS CallforrI,
= petroleum dropped nearly three
. Joints
. Some of The other !ndividua,
. strong spots were Burns Brothers i.
.niehEo rneumatic Tool, General
Electric. PIGGY WiGgly and Wells
iars". tho gains rHn-lug from two
!" '"nr point Fisher BODY broke
~ IL points on short selling and
Allied Chemical yielded ll-2 In re-
. sp"ns" To speculative disappoint-
m"nt over tile failure OF the direc-
tors To Increase the regular 81 an
HHh dividend gatc at to-day's meet
iug.
Hhl shares Up aud Down.
l'"I shares moved ~ 4 conflicting
manner, Heading New York Cen
b t'"' ana Louisville and Nashville
recording moderate i,nproycrn,n,
" nile 81 Paul. common and prefer
req, and lackawanna were reaction
aTE the last named dropping nearly
TIRE" pu!ntS November earnings
statements published thus far. with
ihe exception az Lackawanna. com
pared favoraaly with those OF No
Ncmbcr Of last year
Cal! money opened at i!.2 per
cent. but advanced TO during Tho
noon hoUr and thence to 5l-2. where
~ c'"seH There "cre no changes IN
'!mc money and commercial papcr
rates. business in each being dun
"!th tie london markets closed
because OF the boxing holiday. bust
ness III foreign exchanges WAS ouI.,
Win no important changes in rates