Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-04
STRIKE NEWS AWAITED
BY SECURITY MARKETS
Wall Street Hears Ford Plants
May BE Forced to
Close.
EyrEcr CHEAPER STOCKS SOON
American Steel FoundrIcs Report Net
fronts OF s".O0s.OOO for the Sir
Months Ended June 3O-IIns Conf
supply for Two Months

-''' i'ibh, AUG. i.--aiI Dl inc
security markets dragged today.
awaiting Developments in the rail-
'pad and coal strikes. In his letter
81 icw days aHO outlining Ia" pro-
nnsed settlement plan. President
Harding told the railroad presidents
'Hat the responeihiit,y for the situa-
'i"n, II the plan Was not accepted
hy the presidents would he mp TO
ih"fn. They ola aimed then, and now
ar" claiming, that ~ left alone the
sirlkc VIII be broken. Plainly prcai-
h"nt Harding is wisely waiting 10
see II the railroad presidents VIII
make good.
While tho railway presidents
aimed today tina, the number Of
men going back 10 work has in
'r"ahcd since tho meeting uC -i..
'"N. steel manufacturers aud Other
i"'H" industries state that they md
l'Hp"S"i0i" 10 get coal uud.r the
lNl"Tl,y orders now in fore. under
Instructions from the In,crs,nte Com
ihrich Commission. Ou the other
hhn'. word comes from the banI(s
ana brokers doing busiu.8s in the
Pennsylvania coal Districts ina, tho
miners withou, strike b.ucGts are
'''lin. the pinch and are selling in
mali lots. but IN II steady str.n,r
W"'r Liberty bonds representing
ycarr Of savings
May Close Ford pInnts.
van street he1rd "arls today thai
,he army Of iNord employees would
he thrown out ~ worh unless ,orI
could be had wl,hn tho next four.
,t"h tays rorh's Detroit Toledo ana
tohton Railroad il wEs stated has
n"ep uhhb!" to get coal from m.
Louisville and Ha-hlnIc
w 'he lalc trading today prices Of
stochs wer. higher. The consensus
N'rr IL mat ~ View az the strike
Ht"e ahd the news from abroad ,h.
stock market Is giving = r.mnrt.nie
"''"Hn, o! Itself. TlainIy the mark,
- saying that ;hc railroad .t,il.r.
"'' beaten. In inct. 4, has been sa,!D,.
l"nt ever since the rirI." st,r;.d ,,
80! - however. there ig always Tho
rV"'IN''''> 81 hh"~ r"ct-d unfavurabi..
'i"tmrh,s, a. suggested yes,cr.
~ ~ IN" Iron Ar-, e publication M,
H,N"h 10 sensational ar scar, i.Il,
ne "'S' opinion h'rr Is That yy!tlin
'h' h.A' fc" ddys or within - ,y..l-
cheaper '''t"e
Ei'ou "arR- rcpr.scn,irp ,n.
nt"uy interests; Snfnuri McRobort4
~ ~" Mctropoli,ua Trust
81 j. " Hartman. president -, ,l.
Hartman National Rnnk. Eayn MN,
'!"rt"' d.r"rt"rt of III" Cous,.ita,,
cigar Corporation.
Sa.O'0.'oo In Cold ,rri,.
"'! PIE IRON production vns -
,'N2i' tons agsuuSt gxrI.G9. 49,,
IN 81 ms year aud SIS. 65s Tor
80 "a" Average daily pro-
"Hc'l"m for JuIy was 77i," ,n,.
against 7s.5Ol for June. yyt,Irb go
IN" h!Eh iJr the year. 53.oG3 for J.,
."FS ana 1857 for July OF last var
'hs!h-rlng the railroad and ,naI
,I'"rs' IA" pig iron production for
""h surprisingly .arEe.
N' ~ the Sugar reNn!ng compau-
a''"nced IN" prize. Of rcrned
'"'aF. on" going above cents
bound 10 40. The low FOR tn. y.ar
"as - cents On Janiinry g.
me hts snip Bnr-nsar,a 4. Nc
""h '1.vSV.ouo gold aboard. az ms
amount s]s0,0"0 is for Kuhn, Loeb
q 20" and ia" iaianc. for J. =
.iprlLn {" a." for the account of Inc
hFIiish government This makes t3s
VoN""O gold sent here by EnrInrb
on this movement
AMERICAN Steel Enundri.s r.nnr,s
Tor tho six months ended Juu- 30 ne,
pr0htS OF $2yys.0GO hgalns, on,..
S''IVpo Tor the nrst hall OF I.gi
with surplus after Depreciation
s taxes and charges OF tI4syBOh
"sh'"st 'S"i.OoO. President Lamont
says h.s company has enough co,l I,
IS coming In at rate that Wi! run
The plants for the balance rt this
year al the present rat. O! from Is
I" 80 per cent ~ capacity; that earn
IhRS nave been Increasing month hV
month; that thu results for the last
hhh Of 1872" arr likely 10 be even
NOR" satisfactory thau those for the
hrst sin months
sO0,Wn for Ehrinngr seat
stock cNchang. seat sold today
coo
Commercial failures during the
month Of July az" placed today at
!'vba by Bradstrccts. This is an in
crease over July OF last year Of 81
per cent. ltnt compared with June
oi THIS year there IL II decrease of
% ana contrastcd with the peak this
January there Is II d-crcnse of 4.
per cent July liabilities increased
no per cent over June. but were 40
per cent smaller than for July, 1921
ana, with the exception OF this June.
the smallest for any month since
October Of 1920
German marks opened today at n
new low record price OF IL 81, than
IL ,O0ll 3-5 or cent. Today's Bcr-
lin cables report panic on the stock
exchange there and runs on banks IA
result OF Premier poincare's fresh
demands for 4o,000,00O gold marks
for private debts To French maj np.I