Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-10
STOCK MARKET GIVES
GOOD ACCOUNT OF SELF
Special Demand Springs Up
for Public Utility
Issues.
STREET DISCUSSES srItII<Es
Earnings of American Locomotive
Company Covering the First Halt
OF the Current Icnr Are Expected
on Friday.
Fly II. l.. llnrnuni.

W." lohh, aug. S--lhc STOCK
Market gave good account OF IL
self today despite th~ unfavOrablc
news coming from certain indus
tries which are being affected by
the labor troubles, especially the
steel industry. There were no SEN
sat!onal movement. but good gains
We're reported In both the low and
high- priced railroad shares. while
numerous OF the !ndustria!E also
acted we'll There were exceptions
10 the general trend. which IL TO
he expected In times like tho pres
ont. but on 1hc whole the losses
III certain spcc!alties failed 10 az
f"ct the market AS whole
\ special demand arose FOR pub.
lic unity issues. most OF which were
Substantially higher. For some time
past big traders IN tho street have
been calling attention 20 theso is-
sues. and although they wcr" uu-.
popular during the war when earn
."Rs were affected through rate re-
-'tic'ions. this group has attracted
larg. following sA.-co costs OF
upcratiOn have declined Many o,
them are up sharply from recent
low levels, consequently discrimira-
ION Is urged Ia selecting ;hes. is
sues
Northwest Crops Heavy.
The news covering the strike stu
ation received during trading hours
On the Exchange was little changed
from that which was received at tho
opening The outlook for settlement
~ i.l. coal strik" continues favor
',ol", ana IL Is believed thai confer
"nces now being he'd VIII result, In
some sort Of an agreement This.
however. Is expected to be- favor
able Tor the strikers. Regarding III"
coal strike. the 0ptim!sts Tool tina.
ono" 'hc miners ar" back 10 WORK
if Will be only question Of "A short
time before the shopman return. on
the other hand. however. there -
strong element In the stree, Which
believes that judging from ci:Cun-
frances. the shipments stTlk. Ia FAR
from settled unless the government
takes drastic action. which may be
regretted IN the long run. III"
'ioud!ncss OF tho railroad labor stu
alton, however. docs not seem to
nav" any eject on stock prices.
which mIghe indicate tina, the out
Look l. not as bad as 1t now APP
pears
tn. crops in the Northwest. cspe-
csally IN tho territory served by Tho
chicago. Milwaukee and 81 paul IS
going 20 produce a crop larger than
iU"s' p"opi" realize According to
'hrcshing returns tho wh"ar crop
that territory VIII approximate
twenty bushels an acre against
nine and seven-tenths bushels las.
scar: ry" twenty three and si,-
'"uthS bushels against seventeen and
'N"-tenths bushels. barley. twenty
'pnr and three -tenths bushels
against twenty. and oats. forty and
two-tcnthS bushels against twenty
'pwr last year In some instances
th!s means double the grain traffic
carried by these roads last year
Northw"st"rn rails were strong to-
day.
Locomotive Company i:nrnIuR>.
Earnings OF The American Loco
motive Company covering the arst
nnlf OF the current year ar. expected
80 be made public on Friday. ac-
'ording 10 report circulated in IN.
street. the statement ls expected 10
chow a deacit OF $1,000 600 due 10
Inventory write-on The predictions
however. aid not have any effect on
IN" stock. as th- company is said
20 b" swamped Yi7h orders at the
present trn" j. ~ month of .Tulv
alon- the company'S new orders
all-d FOR IG5 engines. II which
sovcnty-tivc were for tn" New York
central July was ~" month
craI years u.d,r, tor .oeomotiv".
now pending involve about 200. a-d
- Is snf" to assume that American
VIII get its regular share
Prospects for Increased oil pro
duriiOn IN Mexico looked brighter
today rs a result o: the announce
ment that Mexican Eagle has
brought in a 10000 barre well gus;
north az III" hc!ds which recently
we're invaded by salt water Next
can stocks hardcncda following re-
ceipt OF this news
II IN" holder ~ automobile stocks
Us willing ~ accept Henry Ford's
orinion rs gospel he need have lit
~" fear that the country is satu-
rated with motor cars. Mr. Ford i,
credited with saving that the satu-
ration point Will not be reached
'sntil there are about 30 200 600 care
in jh!S country. A. present there
are between 100000 and IL .oOO. 900.
Mr.. Ford looks for our population
TO gradually Increase To $50, OOO. 600
and that the ratio OF cars to tho
population VIII gradually work down
10 one to i've.