Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-19
SINKING SPELLS" SEND
SEVERAL STOCKS DOWN
Exchange Reacts to "Toppy"
Condition of Last
Week.
Ni.i MONEY GOES Down
"'H'N-o'rrInnd Cuts Prices sni I.pys
oH :.5On t:mpIo, s-i.iqmihntion In
WAGES Ends md Movement
hinges Direction.
7 Vii MONEY GOES now
By u. T.. finrnairi.


Written for III" United News
NEW YORK. Sept 10 Opening
i'"'rr the StoCh market had several
sinking spells today. carrying Bald .
N'r down eight points from The re
'-n' high Stud-baker over seven
rucibI" ard American tee caoh ten
'"Dsoijhnt"G Gas soyeu Npr,ole ana
Morg"rp .i> Foreign c,chars. "a.
.'F' 80 "a" "p"H'rS 'ud Wg.l ~.
'ane ~ IN" Tr'hish Situation lion
o., ii WIS apparent ih,,i be-. sibtl
'.'t-"i "as DOSING Tor som" .suusr
sell oN no: "a month. in, Turs
I'D Situation va, igu"rsd. wu-- the
s'af"t named a0ov" were advancing
'" rolv uIEh Levels 'or me year Mos,
80 at wees mo uarh-t iob..d and
""'rd 'toppy' ,Hat =. TX" n had be
s""e technically weak from over /
'H}ine 10y MOO managers worK.ng /
for higher prices
cnIi MONEY Declines.
'rll money declined TO-DAY 10 Z
nor cent Tor the ntst lin. u many
''h' That money y easy uas evl- /
Lent from todayS Washington dis
iticr"s. stating that the Offering az |
'-nr 100000 oreycar 3 "a per ceu,
fr"'shFS certtncaics hsd r-cel,.d .
i"i"I SUBSCRIPTIONS Q. 15To-t7s coo
IHcnfv-FiN steamers arrived here .
\aN N"tk last week w.ih Brit.h I
'aHi aEErcTattu. lsG.ts5 'ou- asalus,
'as'Ss tons received tn" previous .
tc'n. For 'he whole o' September .
total Imports ~ al ports wul reach
'oooo ton. ISM the movement IS
Sowing down WITH resumption here +
mining
Gold shipment. a"ntiau~.
shipment ~ s5J0.0GG sold arrived /
here on the Celtic tpr kGhu Lo.h &
%. and 'hat private banking nrm
a.s h"eH 7othod Inst tho Na!rctanlh .
bringing II $500. 900. Both OF
these shipments are from England,
fHI the chances ar" ths TIE s6ippliE 2
orders came from G-rmsny. KUHN .
I-ocb 4 90. ma. hroustt ir 80 rsr
me- wear, including the M~ur"tan!n
shipment, i3is2S.o0O gold i. .
Morgan 90 have handled al OF
'n. gold sent over here by England .
=" n"ei next months payment 81 ac-
eru.i interest OF Great BriiatUs war
urht 20 our government
R"thl'hem snarehoiders today
voted to approve m" purchase OF
Lsehawsnns - was also voted 10 .
approve the proposed eaaJustmsn,
classes OF stock outstanding and this
er"aic. more Or less confusion and .
10 Surdri standing OH the part or the
public. In the future there viii he
prly .wO class per cont cumulative
srd common, There will be $1,000
"op @. tho preferred and is 100000 /.
- To" common. 'rhe shareholders 4.
p'oi today - authorize $4,000 coo I
rCN rreftrr,d stock TO make i'm
movements on me LacEswanna
T'art aud 10 mold i3S o0c.0to new
common st0cn Iu the treasury 20 dc .
clare dividends or 10 buy other prop I.
cr,les
Need More Coal.
Nweriean Halfway Express earned .
,o- ihe hrsl SIX months OF 1922 s..
$4,000 ne, after nxed charges or
stock. which u now receiving sixty .
rN- year Oircials o, tn. com
pany rrcd!r' that the last ma. -
;he year "!ll he better Than The
hrs,
To meet the reauirtments Of in
du.tr!es aud consumers 3.OOc c0D .
tons o' hard and sott-coal arc
?, WashinSton estimates At ;ne
sam. Time placing production o; .
hard coal for the week ending Sep.
lcmDcr 5, At 10000" tons. and of .
sol, a. from 10000 coo 10 10 100000. (,
II IS added that the mines are able .
Ia increase production, but that the .
cruS OF Inc problem l.. Iack o.
When Ford fooled Detroit a; the
eud % as, week By sticking 10 his .
original statement 10 close down on
september IL. the conclusion was ;
reached mere that his decision had I.
been due more to conditions in the /
automobile trade than to the fuel
situation. Thai conclusion was
strengthened by iodays announce
mcnt that WINS overland had made /
drastic reductions In selling prices .
and mad also laid OFF temporariiy I
500 ucr
wax. Liquidation Ends.
Nashville Chattanooga and -
Louis mas placed an order for seven
l.rEc freight LOGON olives with Bald
Win.
There il no longer any doubt that
liquidation in wages mas ended FOR
Tho time being. and that The move /
nsut is now in the opposite dir.c.
lion. For the month ending Ma.
,. there were siXry-three different .
wage changes announced hftv.four
decreases and nine increases. For
the month ended JGne ID. there we've
forty-nine, wage changes. twenty
three reductions and twenty-siS in
creases. For the month ended July
:, there we're forty-six wage
changes announced twenty-five re-
auctions and twenty-one increases
There was pause during the next
month ending August IL. with only I
httecn changes announced seven cuts |
and eight increases. For the month
ended September 10. however, M
Less than lea wage changes were ,
announced made up OF four reduc-
lions and l2i advances
II vii! be some time before these /
higher wages are reflected in higher
selling prices. Today the depart
mnt of labor at Washington reports !
that no change occurred In the .
average wholesale selling OF 404 /
commodities for the month ending
Angus, 10. the figure remaining at
lS5 the same az that for the mid
die OF July. For the latest period |
covered farm products and food.
stufs were of. but all other prices |
were UP.