Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-18
new HIGH MARKS SET
BY SEVERAL SECURITIES
Eoca-Cola Reports Sensational
Increase in Its Net
Profits.
CHEAPER SUGAR IS CAUSE
Pa'iuro OF Cruciblc Director, Ia An
hounce Future Policy Proves Dis
appointing Ia Speculative Element
On strect--Annconhn In New Field
lily II. l.. Unrntitu,

On strect-Annconhn In New Field.
y hy II. l.. Hnrnum.
t"fitt"n for the United Ncwpp
NEW YORK. AUG. 1.-THE move
nent OF prices on tn. stock Exchange
boday was iittls changed from tina,
pr tho previous session only that
T. Snnny htocks moved TO still! higher
.rYe!s. whilo some established new
high .ecoGds for Tho ycar 10 date
The opening was again strong as
was tho case on Wednesday, All
= groups sharing In the rise cScep,
he shipping stocks This strength
tontinund until about noris when TRAD
nE vas loss active and prices began
20 DRIFT. But during this period
t' du!!n"ss. when stocks moved about
u an Irregular fashion. certain groups
E":e taken IN hand and moved FOR
: ward while others ca>cd on Tho."
h,ochs which wcge prominent were
= tho oils Nnd certain sprcialtl.s In
testnsn. Issues were strong through
qua tho dag.
Some show HrnrtI"n.
Among N" Issues which displayed
reacuonary ;rnd"nry IN" mos,
y pr ointment were General Aaphair and
Marin" Preferred. In tho cave OF tho
D. TIER tho moor or'rok for tho sh y
p'nS Industry Tor Tho balance o' tn"
pear Is the rra!u cags" rur weakness
n SON" quarters ~" ac'lon %, Cen
era! Asphalt Is igz2ilug u is Eiipwn
Nat tho uptown spectators. known
ri ihc waldorf crowd. Ar. par.
j t.cui"r!y h"arl"h on tho stock and
fhe!r selling has caused the recent
Tact'on ~ Forno ton points.
III On tho o'hor r1ud however,. II il
3kpo.nt"d nn' jUut on 1hc las, rise "A
pa7tcuinr,t hrre public following
was attracted nud tina, tho present
snld ma bc mr'"iv for the purpose
= Of 'sha kiEr on. mo public" 'rhIq
however : pure gossip an! canno,
70 confirmed. bat = cannot ne DO.
ped tnat much hea.ish prorararda
haa been circulated N Wa. stree,
gartirg his stock
C""n-t"i"', Ne, Front. Grou.
Tho s,a,cucn, ~ earnings 30 80
& Coca Cola Company for tho quar,cr
Hrnted June 80 explains rha rocen,
AEhsrp rise IN tna, stock pcsri,. a
sharp failing ~ in grnss income
&toMpared win Las, y"tr mere was "a
tremendous Increase ia no, proGt,
8This Increase iu profits h. due 20 no
NJ That IN" company j. uuw operat-
M * on low .Vs' sugar. whereas a wear
NJ - wa 'iVuldl'iuC sugar h-oucn,
VA high prices IN 1872" wh.ch th,
eorupt"y was forced 10 rortrne, Tor
t. order 20 '1sEre 81 steady surply.
1H' report Shows gross .u.n,n" NJ
t''nF"oH -salust s,ssSoou l,.1
- yoar Set Income ur 9 -stE.5 ar,or
tNUcnsor sud rra-E"s and after ar
- ow!rE ,0r preferred .yIdcrls was
= ,qsa. 'a SilG a Snare earned niI tho
- bc1.nNo sharos "utv'araln. In Tho
Jame period last Year no, proh,y wore
= tGua, L" only SAG share For tn.
aFs' six mouths NJ 'hn Year tn" prof
Is "er" "Gual - So; = share on
|#'f" common stock aeolus, i-i. .n
1891
Want Another Fishing Trim.
~ Nenhors n. tho Ncw York SOCK
- chang have started on another
': shinc '-.p' Trey arc fishing for
holiday on >hc SATURDAY prior to
La nor ra" and a petition has been
circulated requesting N" governors
= Ia close on ina, DAY such petition
- var circulated IN Jun" requesting tho
governors 20 clos" on tho SATURDAY
- 3cfor" July The request. however.
= was denied and much Dissatisfaction
% evs.led among c'crks and brokers
ar" house workers or the FORTY odd
governors however. only ahou, mir
teen appeared on The floor tina. day.
= The 'ailur" ~ the directors o, Tho
cruc'hl" steel Company 20 make
som" announcement, 81 .he future
: policy REGARDING dividends on tho
- -ow mon stock was diyappoin-rar,
20 the rank and file % the spcrula.
$8t!vc element in the street For SOW
8esa al DAYS Wall street has been hear
- Ing that some statement would 10
issued after tn" m"otinE Yesterday.
The only statement issued was tia,
o..
ciarcd on tho preferred stock ~
Nsihf em"nt was made ci'he~ IN conrec-
m with the proposed financing or
= the common dividend According H.
report IN" company contemplate
. selling S5.n0On0H now stock a. n4r
and as no dividend is being paid ON
this class Of stock Wal sire, as
stunned That dividenda a, the rate Of
per cent annually would he declared
n In order To facilitate sale OF tho new
stock
Anaconda In Scv Field.
I'll The Anaconda Copper Company ma 6
: entercd the ield north Of the border
= II has organized tho Anaconda
= American Erass Company. Ltd. o,
HCaHada with a capital OF $1,000 600
70 handle all Canadian business. Tho
~ officers and drcCr ors of tho company
: arc about the same as on the Ana
conda ann American Brass board
low.
81 American Cyanamid Company for
T. The year ended June 30, 1922. reports
net sales OF S43o2,1ai. against Sc ,oa6. :
$40 In tn" previous year. and ne, in =
some Of siH7,o92. against S3i4.liO.
Action OF 1he directors OF tho Cities
Service Company. taken yesterday.
= places both tho preferred and prefer
ence "B" stock on n cash dividend
nasis. dividends on tho common
81 stock are still payable IN scrip.
: Columbia Gas and Electric con
'inues its upward climb ana makes a
Anew high record for tho year al
= most every other day. The company
Is expected 10 issue another favor
aole earnings statement within tho
7eXt day or two. In addition to in
Increased earnings as result Of i'm :
"ovement in industrial consumption
u power and light. tho company's oil
ana gasoline business Is making
= rapid strides.
RAIL BOND STRENGTH