Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-30
AMERICAN TELEPHONE
MAKES NEW HIGH MARK
Ford's Cash and Debts Re.
ccivablc Nearly Twice
Thai of 1921.
nErnorr BACKS mANuFAcTuHEn
Eastern Passenger Service Now on
Nar-Tlmc BASIS. Trims From
south being From One 10 Twelve
Hours Late.
BN II. l.. IInrnuI,i.

written for the United News.
SEW YORK, Aug. 2o.-Today's
price movomcnt on the stock ex
change was upwa ard. the uncasincss
accumulatins over Sunday because
." the labor and fuel situation,
which was responsible for ycstcr-
,rtys declines, disappearing. Sub
Maniial rccoverieg occurred In IN.
iahs. in industriais. public utilities
ana railway equipment shares
~ is being realized here NOR. and
more that tho equipment Of the
railroads is In bad shape. This
meAiis business for the equipment
companies
American Telephone. after d.cIIn.
in2 from l20 10 us last Thursday
"n the announcement Of tn. nov
5voc,oho stock issue. made q ,ley.,
hiEb for the year today, seven
IEpthts above the low for las, wcel,
sith 'h's recovery tn. feeling is
tEat the company will make a sue
ccss'ui offering to It's shareholders
~ the new stock.
TrnInmrn', strike ON.
Much interest was displayed In
Nali street 10 the dispatches from
the West, Announcing that tn.
j o
''t and Eastern mad been called Of,
a. " o'clock this afternoon. the
Nrnniisc being given the mon 20 re-
move inc troops further away from
'As SHOPS. This STRIKE has for three
weeks been ,yim4 up this important
Cdicaso District Bel, Line.
Reports by wire from IN. hearing
vi the maintenance Of wa. men be =
ioT" IN" Railroad Labor Board a,
hlchRo Tor higher wages were
closely followed The mon los, I'm
aheir nrat stir,nIsn when In. RoarG
'efused 10 consider only the living
wage arguments of the lahnr
Leaders Thls. huwcycr. was TO I've
neon expected. rs the transportation
aci which created the RalIrO:.r :,
sor Board states plainly the - ~
aidtrins proposed wagr iuc.caEes
she wages paid by other Industries
Tor the same kind o, work mus, be
taken into considerations
It's too bad the way ienry Ford
inHes inoney. TGday's balance shee,
pt he FORD Motor Co. a. OF Feb
TuarE -. 1922. compared with Apr,l
10. 1927, shows cash and debts re-.
ceivab!c OF SliS.5i5.OO ar.ins,
.s6.'95.090. There Is only E7.2c4
geo STOCK outstanding no bonds.
notes and accounts payable. 333.osa
ooo, against $As.Ss6.0oo. and a prn,I,
hNd loss surplus OF ;2IOi7s.ocO.
)/kainst sls2s77.oO0.
steel People Eucournued.
slice! people at Pittsburgh. and a,
youngstown. Wall stree, hoard 10.
oay over private wires. are NOR.
encouraged over tho tucl outlook
however. II was also learned that
nj Chicago, both tho steel corpora
ton and the Independents are in a
bad way for coal
D"troi; bankers aud business ucro
reported today as he!n,. to a man be-
NINA Ford in his efforts to ,ry 10 s,i-
up the administration ., Washington
10 enc tho railroad strike. which Is
now making most OF the troubl. In
the cohi shortage. one Detroit bank
or was quoted her" as saving tina,
Ford probably had no, ovorlookcd
the advertising value Of his scr.,
tloHal statement OF last Sunday. bu,
mat whatever his Innt!y" was. h. had
caiIeu lie turn on the coal proftccr
] ..,, TrIin Service Poor
In this part Of the country IN.
passenger service is baci. to ;hc war
time basis and Robert :. Binkerd as.
-'stant 10 the chairman OF the Asso-
citation OF Railway Executives. prc-
Rkicts tina; /, VIII get worse before
Faerc is any Improvement. because
preference is going 10 be given Ia
the movement OF delayed freight. Co
Ing only twenty miles out OF New
YORK last night on a crowded com
mutcrS tram, your correspondent sa:
In the station an hour waiting for
locomotive to come IN which was
DstrS used on another division That
js.-a common occurrence these days
Through trains coming Into New
York. specially from the South, are
anywhere from one to twelve hours
or more late daily. over Labor Day
there is always an enormous move
enent 81 passengers in this part OF
Z tsio country. many summer hotels
closing on tina, date. This year rail