Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-20
WALL STREET WATCHES
NEAR EAST AND BONUS
August Foreign Trade Returns
Show Greater Imports,
Fewer Exports.
Call MONEY AGAIN GOES Up
Rock Island pnys Government
s2.H1.0o0 OF ItlR sum borrowed D.,
load to Continue Operations Anc r
Federal Control.
",LL MONEY AGAIN GOES III

w rltttn Tor the JnltcC news
SEW YORK. Sept. l5.--COmparc1
with yesterday. the stock market to-
day was strong. but cios- observers
from the side lines watching ind =
Niduul stocks got tho idea that in
%id"rs and pools who. MP 10 recently
We" openly working for higher
priGos. were SIN selling. This led
- tn. belief that prices would go
lower before the upward movement
was resumed.
Wall Street Us keeping one "yo on
tho Turkish situation and the other
on TN" DEVELOPMENTS in tho bonus
legislation Today's cables were
moro encouraging on tho foreign Sit
natl"n. The best Information Wall
street can get 10 on tho bonus bnl
iH that President Iiarding's veto is
I'"' =" w.n by narrow margin
~ TO-. las, vote
Imports Incr-ns-.
I"dny's b"Iat-J Angus, torch II
trad" figures SHOW imports 'or tho
month at s27i00c00c. against slo4.
5000 80" The same period OF last
i""s, with exports a, sSOg.OOO.Oop
against s3GGo0n 600. For tho ciyh,
months imports arc tI,G.3. 900. 900. IN
t;i?, 600. with exports iag2G
10000. down ss02 600 600 I'll. tx
''-F OF exports over imports Toy
August was s3l.0rC,oO0 against SIZE
tphp"0 for Jay % this yuar. with
iH" excess for tho eight mun,hs
!isl.o0o.o0o. Hga!ns, Sl.533.OO0. 900 for
tue same period of 1921
'."ld imports last month were tlH-
$4,000. against 'stsol.O00 for
august OF 1921. with oxaorte iaij. 900
'SH'rst 's7ioon For III, "lgh.
months We have Imported sis50Ou.
c'o goid aaG sen, ou, sll.7i,Ogy
compared Win {i'5.o.l 600 imports
ana Sil,"sIynp exports for the same
period OF las, Year
'n'l Money Higher.
WIN the government again wt'g-
0f""'ug DEPOSITS from the banks
nero. ca. money wa5 higher TO-DAY.
opening at T. touching go ny room.
"ul going {, : later.
Only Few years ago. wHcu tho
railroad wer" borrowing money
from ia" rOvcgUmeut. bcCt.yc th.v
aad to nave !: n,.d rnul5 n", .,,
'lH""h"r' many h"llcyH that mi.
money would never bo returned Rock
island u Was Announced today. had
Just PAID harH ~. government s..
100000 az the slu.igu 600 borrow.d
i'E' years ago. leaving nm unpa
balance 80 uulv see3O. oar. which
viii soon rc pad.
northern Pacific. which sold up 10
TVS new h.ch record cor Tho year ~
"''-i last month. was down around
'oon today to ss3-i. tn" loves, Level
touched .n many weeks. on r.por,s
mat ih@ directors would moe, here
i"morrow and declare only IL, per
'"ni TOR Ia" quarterly Dividend
Watch Nmilroad EARNINGS
N"Hi"S city southern, tho frs,
IAN f"a1 20 report earnings FOR tU-
gust, shows gross OF Sl727.o0O a
d"cr""s" ~ SIai.Vo0. with not nj,
s3S5.1oo loss oi $4,000. For thu
ought months gross ~ si29ai.O0O rs
~ Si.7g7.O0O and ne; OF s2.4i2. 900 +.
down ss3iooo. Returns or Tho car.
N"rs for August VIII Re closely
watched by Wall street FOR iudicn.
it1nE @; what the shipments Strike.
really cost August waa the month
when tn" coal shortage ana the rail.
road strike situation was at its
worst
Thorc were $500 fewer .ro!sh, cars
needing heavy repairs Oh September
than on July I. when tho shop
mems strike began. tn. American
hallway Association reports. while
there were 5.1sI more cars rcquir-
ihs iH!hr" repairs. making Il ne; de-
c:easc In both classes OF cars 81
@,Hp9. These figures arc int"res,Ing
ia NJ" OF the detailed statement OF
July returns. just put out by tho
Interstate Commerce Commission FOR
the railroads aS a whole. This state
!Hcni shows that with gross OF SAB
100000 .u round numbers. $4,000
400 was spent for maintenance of
way. or per cent 6t gross
For the same month last year tho
percentage. worHa out the same. IS
per cent OF gross. against i? per
cent OF gross in 1920. when tho gov.
eminent guarantee Of net income wa.
s,ili in force.