Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-07-20
RE0PEN|NG OF MINES
CAUSES PRICES TO co UP
St Paul and Baltimore and
Ohio Lead Rails in
Sales.
review Says Effect of Two wnIkout.
a." Production Ins BECOME More
ir"n0unccd-I.ack Of Fuel Closes
Departments.


Written FOR the United Newsl
NEW YORK. July l3.-Ail stock
prices were higher today. first ON
the news from Pittsburgh that tho
c"di operators OF tina, district naG
voted unanimously 10 resume min
ms following President Harding
fuHEesuon. and pe1t OF runors com
ing over private wires from Chicago
tLat the railroad strike was AZ good
as settled and that an annuuuce-
m"rt 10 thht effect would be made
before The -ud ri the week u wUuld
not DE surprising II the narXet 50 q
on littl" on the news MAT the
railroad ard Goa! strikes had been
settled. AS both conditions nave been
ignored However. " thcrc should
be - decline. the tceiin. her. b.. that
II Will not last long, tina, II the
market has not definitely started Il
new upward pric" movement IL is
on tho even ~ such a movement. 4
new high record FOR thu year was
made again today for tn. stock mar
NeI as "a whole. Accumulation Of
rails continues ST Paul and Balti-
more md ohio wer. the leaders
among the rails today. the stock last
named. II was widely reported being
scheduled for dividend resumption
this coming September
Todhy's weekly review by the Iron
Axe says The effect o. the coal and
railroad strikes on production is
moro pronounced 1t wag pointed out
In detail TO what extent different de-
partUents wer. being closed down
FOR lack OF fuel The fcstur" ~ the
railroad activities in the steel mar
kct, Il was stated. - the large mum
ler - bad-urhcr cars aud loCVrgo- p
ives being Harmed on, FOR repairs.
coo carr and 200 locomotives, Win
e7Qp r"w ears and seventy rs" u"w
locomotives ordered.
Predict LAWYER Cali Money.
Gail money opened today a, per
cen, agains, Yesterdays renewal rat"
~ ; p,r cent and yesterdays. nigh
~ the last hour ~ = per cent which
WAS caused by the calling OF loans
70 pvt tn" money out on time. Tho
host judges ~ the money market
her. ar" confident that rates for bOth
Snll and Tim" money arr going TO
ora lower
For some reason or other th.r"
ara very Few railroad. industrial and
public ut..ity bonds and notes fall
Ing duo next monsh the total. ac-
cordiug to figures published today.
being only Sbst3f,00h against 49,
DStooo for this month and ss5.loo. 900
for August OF 1921, There no
largo Issues maturing next month
Boston and Maine ms asked tn.
int"rstat" Commerce Commission for
authority 10 issue u ,sl5 600 equip
men, notes. and Scaboard Air Line
wants 20 sell S2.t5o.ooo. Both com
rani-s arc in the market for new
equipment,
Production ot Tires Increases.
Production az rubber tires for the
: month OF Juni broke all records for
tina, or any other month. $500. 900
icing turned out against $4,000. 900
'or Nay For tho hrst half OF 1922
tho ngurcs wero 100000 agains,
100000 for the whole Of 1921!
/, was reported in banking circles
ner. today that nefor, the end Of
the week The Treasury would come
~, with "a new Offering OF notes.
probably sa0O. 100000 also that the
outstanding victory 3i would h.
sailed FOR retirement, with long
.crm bond offered In exchange
Presidents Of over httS Eastern
-ailroads viii hold conference here
tomorrow to discuss tho strike sit
uation The feeling here Is that IN"
administration could make consid-
erahle hradway by threatening icsis-
,htion that would force The unions to
Incorporate and make public the
amount OF dues collected with the
actual expenditures This would bH
GOOD FOR IN. men. hut had fnr the
eaders. who are me ones holding
,ut FOR the strikes.