Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-31
STOCK MARKET MAKES
SUBSTANTIAL NET GAINS
Practically All Groups Parti-
cipate in Cain Made
During Day.
WHEAT PRICES FLUcTrATE
Substantial Declines Arc shown
f:nrl,. hut Recovery L. Made Later
Tire business Appears to lie in
Excellent Condition
ny nrnndnr Anil.

NEW YORK. Dec. aO.-Thc stock
market closed the old Year in Il
blaze ot glory. net gains for tho
Short session running from to :"
points one OF thr broHdcS; markets
was Witnessed IN many weeks. prac-
t.caily all groups participating. OILS
were helped 10y announcement OF an
advance IN Pennsylvania crude oil
prices. Further raises in prices are
looted for N other fields ana form
the basis for statements by impor-
tant producers that the trend Of
nriccS viii continue upward. owing
ohcavy consumption. OF the DIFF
loren; departments Of the stock list
optimism t. greatest for the New
Year IN connection with the oils
Quite = number pf biz developments
are under way in the oil industry.
Bottcrm'nt .u the stock market be.
ca1c evident at the outset. initial
quotations showing general al
NHnr,s. Ties" gains were enlarged
as the session progressed Vrout-
taxing by sprculat"rs developed in
ihe last hall hour i'm some directions
bat inc Close was strong with .ndi-
cations o: continuation o. the up
ward trend upon the resumption OF
business Tuesday. Errat.c iiuc,ua-
tiouS Occurred I'm wheat, prices show
ne substantial declines carly. but
later recovering. The cotton market
WAS closed. Foreign news indicates
thht increased efforts are being made
70 solve tn" European problem. fur
'hrr advances in French francs and
,,rmau marrS resulting.
Tire Prices Advance.
The reasons for the. recent prcdic.
lions that the tire share would he
Kin To show Improvement were un-
doAb:.dN based Oh advanced knowl-
edge OF Ia. advances IN tire prices
diHuuEpcd today hy most OF the tire
WioG:cs turing companies Kelly
Sp'iuGhc!d led this group with rise
@; more than points. T. :. Rubber
also came in for much attention.
While cempet!tiou 3 very keen in the
tire industry the enormous consunip-
to' Is expected /" insure mauutac-
turers Il good business next year
lhs turn for the better in the Cop
per and Hi1c Industries stimulated a
greater inquiry for the shares oi the
principal producers, Much unccr.
taiuty continues - prevail in tn.
Street as 10 whether merger OF the
Anaconda and Chill. WILL go through.
Anaconda was the favoritc OF the
coppcrs, while Mother Lode Coalition
Was the most favored uf the low
priced issues. y heavy turnover was
witnessed in Callahan Zinc at u nsw
high figure
Increased activity was also no.
ticed IN the Tobacco shares. Reports
said the United Retail stores would
this week announce special divi-
dend IN excess q: general ,Np-e'a
ticns. Tobacco products would uerv-
=, Largely from SUI haet!ou The
F..a
going on in ihe Tohac 10. is sxp- -r.d
q snd sooa, according 80 som, mani
rfac,ure-s- !; was START! Sy the
american -oaacco Company and fol-
lowed ~ : Lr-.Na-t Blll.sn q-,-
cictl5ns sre made or ir= Tob4 SEQ a.
New High for MalIin.on.
4 oew 81 prize .c- Na'l.r.rr It'll
sszyy dealings directed attention to
me prosperous ca--se1G * ;h@ s.ls
H-s --cSS This Ce-.2Ers has -.d-c.l
SIS .ozcs sr.pu; IN ger cen; ~ lzsc
month az -as C--.-s 20 ---- i, 1-
Grating :; cap4- = %s.l .ai9 .si-il
~. r-zt:-.ur deye,o7-7,.. vas
- h+.t+- 'c-. sa- We ~ -. S1-.r-
Tes;e-a Es..-cz- shares. Nh.-a a4,.
ca-- --t=- r-.ss--s t-- mr-,-s
St-6--z.e-s -.w h.-a zao,at.a-.
q -rt-E- ;.- Le- ,~..a1 mace or ,ze
$50. az .-eat -@Etsts-el IT,. 12.tiu-
t'us Cor va a.. ssi: * rel: y-a-