Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-13
STOCKS CO UP At COST
OF SHORT INTERESTS
Increased Dividen DIS and
Melon Cuttings Stimulate
Wall Street Prices.
MONEY RATE SHOWS DECLINE
PiEEly-WiEEly Sets. Now ,inrk.
While Low-PrIced Motors. Under
Moon Leadership, Display Unusual
Activity.
ny Broadnn Wall.

NEW YORK. Dec. l2,-Stocks were
advanced again today at the expense
OF the short interest. SpeCialticx
were most prominent and net gains
ranged from one 10 two points. In
creased dividends and additional
stock dividends continued to Stimu-
late dealings in Industrial shares
The transportation group showed ir-
regularity. Great Northern preferred
headed this class with rise Of two
points. due TO semi-officisl state
mer; tina, the regular dividend OF
u per cent for the six months
would be declared on December Is
az 81. Faul. Coppers were fairly ac-
tive with considerable attention
being paid 10 Cerro de Pasco. which
sold At a new hich. The company.
convertible S per cen, bonds also
made another new high level.
Money Rnt- Declines.
The prospect OF easy money rates
despite q big shifting Of govern
mcnt obligations found reflection in
- decline in the call rate from iI-4
10 ; "a per cent. Foreign exchange
for the most part advanced with
sterling cables moving TO n new top
figures for the last three years Pub
licaiion of the agricultural bureaus
figure on cotton production was fol-
owed by sharp rise in that sta
ri". Wheat rose about cent a
tuShcl.
Persistent absorption OF II. Il Nal
linson caused rise of more than
Nv" points the tual figure bein: the
hest Action al tho tape would in
dicaie mat importan, people have.
hc"n picking the stock UP tho last
month because Of steady expansion
In earnings
Nnr"r had i; tina, Simms Retro
.cum would hc listed late tomorrow
CA The stock exchange reduc-
Lon IN the price "f SmacNuvcr crude
caused some selling
rigEiy-Mirri, Advances.
Another new price was established
ut TN" expense of shorts in PIGGY.
Wi=sl-.
Low priced motor shares assumed
l'cm in"MCe under leadership nt Moon
Mo;ors Eu. ing is in anticipation of
" doubling Of the dividend at TN.
H,Ni directors meeting. scheduled
-: tn, l"iicr pari OF this month
The company has 5000 shares Of
per '"ii preferred stock. which is
expected t. he retired shortly Til,
>3"u,0Vo OF preferred represents IN.
r'Einai investment in tn. company
~ the Moon family EARNINGS TINS
year. after liberal wril.-oftS and an
'H"rScs. VIII oe close 20 50 a share.
N1i'ici"nr business has been booked
for next year 10 lead the manage
moni to.look Tor earnings OF about
i!n " SHARE"
'""tin-nini tnn G"ing Wen.
Announcement al IA. proposed Is
sue OF 2c.ooo shares ot preferred stock
10y inc Continental Can oman,
W"S accompanied 10y strength in fh,.
common shares
Gossip on National Lead looks for
100 per cen; stock dividend ana
inc payment Of dividend Of IS
snare annually on the stuc.. Talk
an increase in tic Peoples Gas
HiN!dend was revived L. :. Indus
trial Alcohol mas hou=ht on ru,r,u,
ina' the company would join the liz,
OK dividend PAYERS IN the snr,,,
Ma'H Truck declared an initial diyI.
ff1G ~ 81 snare on tine com,3of.
Stock Hecch0ut hit new tor pr,c.
Inc s'r%t looks ia the My Y,r.
.enfra directors 10 raise the diyi-
tehH tomorrow - at least pcr cent,
~ - no" paying 5 Disappointment,
''ef the failure OF the Ter.s COM,
tHHF TO d"c!ar" stock dividend wa,
S's,cT"! in heavinesS ~ the share.
-" high records tor United King
dom bonds dU" 1879 and Cerro dc
'aSr" convertible bpnts fentir.d .
strong market -