Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-11-28
PUBLIC SUPPORT LACKING
IN NEW YORK MARKET
Further Bear Selling Takes
Place and Several Shares
Drop.
MANY STRIKE NEW LOW MhRKs
friccs Move with Sren,inE Disrr-
Enrd for Outside News Develop
mcht", Which, I'm Main, Are Favor
Rb1c~-Dcmnnd SterIiuu In I'm
MANY sTnIKE NEW Low MARKS
tBy Associated Press. ]

NEW YORK, Nov. 27.-Continucd
mex of public support Induced fur
Their bear selling In toduy's stock
market. several representative sharea
touching new lows on current rcac-
Ton. Indications OF heavy selling by
disappointed pools were apparent
during the day. md there were re-
borts Of forced liquidation through
out Of town banks. particularly In
'Jioston and Philadelphia.
Prices moved with seeming disre-
gard Of outside news Developments
which. In the fnnin. were favorable
Call money, which opened 81 49,,
"tH.d on 10 4 per cent. and slight
~ chSier tendency WIS noted in the
tiIic-inoncy market Demand sterling
Got up to {ij2, the highest price zinc.
1919. Publication OF additional or-
iob"r earnings statements resulted In
more favorable general showing
than was expected when the first re-
ports came out.
Opening Prices spotty.
Opening prices today were spotty.
short covering In Il number OF rcprc-
sentative shares giving them iii. ap.
pearancc Of strength. Independent
steele were among tho nrAt ~ give
way. ana then pressure was conferred
on Studcbakcr and BALDWIN. the for
mcr getting down TO IiiI-i. but
ral!yinS later To llS. or Is below
Saturdays close. ana the latter sink
Ing 70 il3 I-2, and then moving up
To lis. where IL represented net
loss Of 3-s points. United States
Stec! common dropped within I-s OF
par. closing AT 1901 2. for n net loss
or il-' points. bethlehem Il broke
below co. closing at ne, loss OF
point while declines Of to nearly
points took place In Cruc.bic. Guir
states, i.achawnnna, Republic and
Hcr!orie.
Other prominent weak spots in ti"
Industrial list were American leo.
American sugar, -" ront, Fisher
Hody. Iron Products. Marine pre-
forrcd and Pierce Oil All or to- 3
points.
Heavy buying Of California Pc
trol"un. which was pushed up nearly
points, accompanied ruinors Of .ts
"lDsc aililiation with STANDARD OH uf
California, which improved frac-
ionaliy ON thc day. standard on OF
Now Jcrs-y closed slightly higher
after touching ls3. OF nearly 40
points. us nigh OF the year Mexican
Petroleum and General Asphalt each
closed more than points higher
Continental Can was another out
standing strong spot, gaining =
points.
Rails Ave Iinrd put.
rails We're hard put during the
'HTly part uf the REACTION. but most
81 ihe standard shares made good ~
corcry. few closing fractionalIy
ab"'e Saturdays FINAL figures Al.
i..n'i7 Coast Line was one Of ,hr
really wrHk sputs, drorpinR as
points. Nprih.rn Tacinc' touched
Is ii. a new low for the year. but
rallied II point ncforu the cIuso.
Stcrl'ugs advance L. "a new high
'-A'rd Mas a." feature ~ ia. foreign
sAchnns" ninitrt, heavy buying be-
ms reported IN London. Paris ana
this center Buying her" Was largely
Tor ia" uurr"Sc Of meeting ia yInanis
"n imports. which have been rather
h@I'N nf !at". balancing az Great
.''i,atn's budget ani The beginning
% service on her debt 10 America
have had :. bullish effect ON g.nri-
ncnt swedish and Dutch EXCHANGES
also made urw hiEh records Tor The
%"nr, but French exchange was haa. ),
checks being quoted "a, 7C3-o.f
about II points.
Total sales. 10000 shnres