Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-04-07
NEW TRADING RECORDS
SET IN WALL STREET
NIillion.Sharc Mark Is Crossed
on Exchange Before
o'clock.
PUBLIC SPECIALIZING AGAIN
Lsnns Of brokers EstImnt~d mt Close
To Hutton Dollnrs-Tinr Money Il
More Plentiful Than In Last SiN
1-nrs.

Nr Il. l.. IInrmnIn.

NY u. L.. Bnrnnn.
NEW YORK. April 6-Tnday's
stock market waS NOR" like ;hc real
bull market that Wall street has
been predicting than anything cx-
pcricnccd 50 far since the prlc" trend
started upward last August. For the
first hour, alone. til" turn over WAS
iSs.unn shares. breaking Tuesdays
record and breaking all records for
= single hours trading Sinco the ,'".-
coo shares changed hands between
" and o'clock on April u. i"2n. ON
the day last named the turn over was
@.0Si.uOo shares in an avalanche Of
liquidation running S.''v.oo0 shares
FOR the week with Studchakcr down
twenty points; Baldwin. thirty: Next
can Petroleum. thirty-two: Crucible,
forry-two: general motors. eighty.
three. all new low records for that
year.
To-day with the million shares
mark crossed before o'clock, new
high records for the year were made
In PcOnSE lvaria. Frisco, Royal Dutch.
Chandler. New Haven. Ontario and
Western. steel common. baldwin,
baltimore and ohio. Norfolk and
Western aud long list ~ other
shares. Bonds also were strong and
active today
Norfolk nnd Western Advances.
Norfolk and Western made its now
high record for the year when II WAS
learned that a large block &C tho
stock. belonging To an estate. had
been taken over at a private sale.
II was the II {. Frick stock.
There is no doubt now in wcll-in-
formed quarteds here that the pub
lie * again sp.culating i'm the stock
markct Cn tn" long side. after hay
Ing done 0othir. ,Nccpt sell short
for some t"u .ui e halt years. Erok-
,rS' offices are crowded and out of.
town wires ~ commission houses ar.
buster than in many long day
Loans OF Wall street brokers TO the
Wall street banks are now estimated
at close 10 $1,000, 100000 against $500
100000 last August when prices of
stocks We're dragging on thu bottom
and. before the upward price move.
iNcut began and with sl..io. 100000
IN July 81 1919. when the public was
SIN S3cculatinr on tho long side The
nreak in TN, stock market. which com
tinuci until june Of last year start.
cd early in November OF lHl9.
rimc Mono, l. Plentiful.
There is more time money being
offered in WALL stree, today than.
in six years. Since January T. he
tween Sl75.cco o0u and goo. o"0. o00
time money HAS Comic N.rc from out
of town. It Is estimated by barl,rs
THAT SIi.ooo,o"n Of out.uf.tuwn time
money was pluced here during Marvl,
alone. Wall Street brok.rs ar, afraid
of a bull" market financed on call
money alone. When such loans ar.
called with the public in the market,
!, means forced liquidation. OV,
foundation for tn" preScm; upward.
pric" movement; in thu stock market
Is the steady Improvement in the
general situation mere and abroad
that has been taking plac" for weeks
ana months past another is cheap
h'"ncH.
l'iNt'ihore turned IN today on the
m"or h Tue 'Grh Markti' which IS
.' ~" ~ "G"r%, "lu'hF t"n, Hnd fr"c-
,'nh l"r '."oo shares OF Mexico oil
M ,n", afterwards could be learned
'',' S."'n Wa 'h"' 'hcrc was a
''S' "m'S'an"lnS'
,w"a.'H .IU,''" S""''' nat under
,-., Gus '' "'Ntr, - cn"Gsn
49, 'or Shr'"" STOCK mar
ny OPERATOR
Copper sales Increase.
opP'r safes Tor March. domestic
anu IL were lA.Noo."?o pounds.
,,@, nnn '"i. Eeatu"fE' CO.
u''''"' Tor January. ll2,""o."o" for
l',ttinb'r 81 l"2l Ia .o"".ro for No
N.mher. iioeVo,ooc FOR October For
S'N hohthS' cnpp'rihen
p".h'r" out today copper sales were
Su"'uo''"'p pounds. OF an avcras" o.
I~3."o"'oVp month.
.itn' car orders Of IN" railroads
-" now estimated At :" Que. includ-
,h2 IN. business just placed by New
'eh'f"i rms nov business f"r
!l'I' more than 'hrsc months OF
~ compares with @S.3jS ears
nnusht by the carriers for the Whale
~ las ear.
i-'u'H ne and Nashville earned
ne income Of s..r"""op las, year.
5soorolh3 10 today annual report,
"eu mares including rentals.
."iSI '"T f"'23Iu9o. mus making
Z" Hs"c'' i'r me year after hN"d
'taIsr., OF S33tooc, compared with
:" uI",uS for divicends for 1920 Of
',."..u'' "h'ch vas "qna 10 sio.'e
s''Ie '"i Inc H'2.ooo,oo0 stock.
gu OF course m" lt2o earnings
'aS"n largely on tho govern
"eh' guarantee "f net operating in
nj tn