Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-12
TRANSPORTATION SHARES
ARE ACTIVE IN MARKET
Norfolk and Western Com
vcrtiblc Bonds Brings
Higher Figures.
Moron STOCKS STOW ADVANCE
Stndchnk~r In Front IN THIS Group
With rnir az >erriy Three
r"int>-C"nl-CPrryin Companies
Among tho Leaders.
ny Nrnndau NIL.

NEW YORK. oct. Although
TIRE stock markct was called upon tn
absorb a substantial amount Of
proTt-'akinc. tho general trend con
tinued upward today. several new
hich records we're established in the
ranged FROM one to Eve points. tho
maximum h.irc in Mexican Pctrcl-
cum on persistent reports ~ an e1-
ira dividend 10 be declared \ yio-
lent range ~ price fluctuations cc-
CURED in some active issues. This
Vas PARTICULARS true OF Mexican Pc
tfolcum and Standard OIL in New
jersey the swing from niSn to low
for IN" day being ahou, ten points
in rach iusiauc.
Tra"Spur ailon shares for thu FIRST
time IN wN"N. came forward under
leadership "f the c"ai-carryinE com
pHui"s Nurfolh and Western E."d-
INK Pennsylvania aud Delaware.
lachaw,uus and Western we're th..
most active " that group Norfrlr
and Western convertible bonds. which
are C"nv"r;ihl" int" stuck At par unjii
their maturity wsr" also in better
demand a. higher figures Increased
lcSdirCs ~ coal hclpei Improve the
demand for tho coaIsrs September
earnings az transportation companies
Wi begin to come 10 hand Inc latter
ray, NJ ncNi week. They are expect
cd 10 SHOW Improvement compared
with August figures
>tud-bnkrr Advances.
Motor shares and some nf tho &C
ccSsorN issues showed hsttrrn'ut ~
the lat" afternoon. Stud,h,ker was
at ;hs trout ~ Ihis group with an
advance ~ nearly three pnins Geu-
or-l Motors Was tairi! active. bat
stock seems I" he In good supply
around tho current level
Tlmkeu Roller Bearing showed
marked strength. much I" the srati-
'caiion Of those whose have na.rt
II rose nearly two points to the IN yh-
cst point reached since listed "n tho
New York stock ENchancc Tine
market for Timkeu has shown inn
pr"vement during the last week on
tho gradual elimination of tho
"sh1 rnshoUtcrs" who subscribed at
the time ~ the original ohcring with
view 10 CettinS quick and sub
startisl profit Their expectations
failed 10 mat"riali,e, and when n"
shares started to case on they helped
t1c downward movement by selling
out. II develops that persons clos.
- the company were hllNers of these
shares or a scale down Insiders also
appeared in the market again hu.
w,ro forced to hid for the s'"ck be
cause ut it's scarcity. Company is
earning 1T tho rate OF 50 a share hut
Eu authority states that revenues for
the whole year Will equal aho,Ip $50
share. Dividends At IA. rate Of 81
share are now hcnE paid on the
stock.
Standard oi Runners.
Fairly definite rep"rts were "ircu-
lated al day thai The standard OF
az \,w Jersey board would meet ana
~ -. big s'"rH 81 Hdand Som"
reports stated that the dlvidcnd
would %. 500 per cent with something
.n cash. Others that IL o"uld u. 500
per cent Without any cash and an-
other runner had II as 500 per c.,n,
.Nt"r IN. rl"sc 81 The m"rk- Of
islo. announcement SAID ,h. c"luran,
proposed declaring 800 per cen.
-. IS dividend. but ih,l ~" chang. ~
G.N 'GcuG TolHUs VA contemplated Il,
'At> Tim. I'm "th,r words, the Shar.
holders Vii hay. nv. -, ~ .ch
it,irs I! .hor. ",ch annualiN. M
stead IT On. sh1r. paIii.S - b, share
annuhllt Wtihuu, All .r:r.';,s.. in
dividend the shares arc con,idcr,d
tu H' selling lno hi-n
IL inr"tun ~ Ill" - por cent stock
dlsla,nt Bog National Biscuit failed
io cause any treW orks in that issue
u mad sond-s'zsd prlcc .wime. but
-lrs'd En,nanEcu.
a