Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-11-27
FINANCIAL MARKET
HAS USUAL DEPRESSION
General Slackcning i'll All
Lines Takes Place Dur
ing Novcgnbcr.
ttH I.oNDINGS ARR: LES
Larger Than Those OF iD:i and 1870.
ACKNOWLEDGEMENTS ~ Made In Re-
constituting stocks or Fucl-Dnn-
Err of Fnininc Pnst


NEW YORK, Nov. l6-Signs have
not been wanting during thu past
week. As usual November slackcnjuE
in industrial! activity is under way.
Railway car l"adings FOR the week
ended November II showed "A further
falling un in traffic. although the
total number OF cars loadod. aJi.-
Nno. is Sti!l worry large and exceeds
the movement III the CORES pouding
weeks IN 1921 and 1890,
Election day ana Armisiicc Day
may haN. played a part in slowing
down tn" movement. but there are
other developments such as "A slight
falling on i'm the demand for cars
which suggest the normal tendency
ON" result %! the somewhat better
car situation has been further gains
In soit-coal production. which now is
WEI! established at rate apl,rc-
'iahly ahov" II 1ooO00 tons week.
further Progress has been made in re-
constituting stocks OF fuel. and coal
Operators have made reports OF no
demand from mos, ~ the states
ives; %: tn. Mississippi Barring
spells OF extremely severe weather.
4, is considered that the danger OF
Il iur! famine "a past. Steel produce
ii"n continues To- hold up remark.
ably Well. The Couu;rS> mills are
working at rat" not Tar shor, OF
40 per cent Of capacity. and the trad.
/ reports sufficient orders are booked
To !nSur" tho malntcncc Of an
! proNinaicly this seal" OF activity
! into TIL" hrst quarter OF the new
| year.
PIG iron prices. along with those
of coal. are still ,cudlng lower. but,
| 'h!s X merely uaiu"G' .equei 10
tn" abmormal scarcity 5! ion pro-
| n"Sv' ~ til" strikes Prices OF
finished steel show liule change.
| This Is du" largely to the fact that
buyers hav" supplied their Immediate
needs and now show disposition to
! watch developments in the indus.
try. Their feeling apparcntly is that
prices may =" lower. Demand!
naturally Is light in Ia" meantime.
Ani"m"hiIr output also IL high.
| som" - .uon passenger ears wcr.
turned ont !u October. This is about
$1,000 l"ss th.u Ausust'S high rec
ora. hui represents 4 recovery Of
| "p,uNu ears FROM the September show
/ GOWN ANA = AN unusually Larry,
| nSurc Tor TINS season OF the year
I IN addition tn. automobile makers
ar" stated TO be well booked nm
ahead and continue To be liberal
| buyers al steel
III cotton government report on
N"N'in"rr u places The total to- thar
'h'' at >.A'0.""o, which was gcn,r.
ally interpreted by The ,rnd, as IN
heating tint the crop Will turn on,
Il" u" IN the nc!ghhorhood OF Ia 600
'po bales. Probably as a result az
thiS conclusion the market wos
forced l" absorb Il large volume -,
!'4Iidhti"n which originatcd T.,
! Sr"culat!N" quarters and the nr,,.
Slrhl FUTURES fril below - r..nt.
!'ri"r" the week closed how.var
'rA"" bu'!ns again appeared ana
prices rallied materially
w neat after early tirmness rovc
way moderately. aartly in respousc
!" "PhF'"r"Si"nS. lest an easing in
IN" ear situation may have an mn
Favorable, effect on rr:ccs !, "n
allied ihat inability To move rr,i,
mas bee" delaying marketing AMI
mat more cars are likely Ia men
NOR" grain al the central mark..s
prices. IN
Foreign buying mcanwhiI. co.,
'h""S liGht, and its future is j.,
'' IN" hnctuh;lnus i'm tn. f,r-
".N exchanges, uncertain. S.y.r
."'l'S>' present prices are sim ma,
10y "h"N" those OF tn. ,,rIv
,"' corn at around - cent; ,
,s approximately 30 per cen,
"',,N' u" price Of Il year ago
"hNlnE reports confirm ms. ,,,
''"". RIA "Surccs ana point 20 ~"
""''"9l"n that the peak of scn,o,',I
"''''""d mas been passed Hcni~
,""h'S with the Federal rn..r,a
n"'' NS 'eli rather sharply ard ~,
rati" 81 the system as
N""i' rose from 49, per ccnt - -
security prices continued
I.,,, mar ,S' but there was tnn.
II. most Quarters to regard tbjs
oycrGo,. OF me aftermath OF an
YN,I"ohc spccMlation fnr ~. - ~"