Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-16
PERSISTENT TAX RUMORS
ARE CURRENT IN STREET
Proposed Levy on SURPRISES
Seen, Despite Dcninls Made
From Washington.
STOCKS CONTINUE ADVANCE.
Possibility of nIg Dividends Forces
issues tnwnrd-Gnmbling In stand
hrd oils knmpnnt, According to
RcpOTts.
Hy iirnn,Inn Will.

NEW YORK. oct. Id iumorg that
certain members Of IA" tultcd states
senate viii propose "a bin providing
for heavy tax on The SURPRISES 81
corporations VIII not down not
withstand!ng dcuials from the White
. House. Tn" government has lot L
DO known that Il hopes 20 reduce
expenditures and increase Income.
but the street seems :" hav" little
fnith In the ability Of the admins
tration to increase income, ana for
that reason feels confident that some
income VII! be pnasod !u tn. ncur
future.
Anyway those big captains II In
dustry who have boom masking Amer
lea arc going ahead DECLARING stock
dividends ON the assumption tina.
there VIII hn heavy tax ON sur-
plns"s Of corporations az that Il does
not make HnE difference TO tn" street
wh"thcr Il TAN on SURPRISES b,cOm. %
fact or not six months hence.
Most stocks ar" advancing h.c.usc
~ better cuyuiups. prospective. I'M
crcHscs in disbursements To share
holders ana the possibility -, big
stock dIvIG.nIg
I"'tcr Earnings Cnnsc Advance.
High priced stocks which ar.
backed with lnrgc SURPRISES are
naturally showing tho most better
iu"ut ia quotations Their continued
strength IN being usod as screen back
~ which there is some Of the bcst
Una OF distribution in iow-2rlccA
shares.
Perhaps some will smile when They.
bear that tho revival Of the strength
IN United states steel. common is
really based on stock dividend talk.
hut Il w a fact that those who acct
mula,ed nn unusual largo block or tn"
stock about ten days ago dld so
with tho Wow OF witnessing CON
SuueiiNe campaign based Oh stock
dividend talk.
Speculation IN Standard on shares
was somewhat called the latter part
81 the week when some !-sucs SUI
i'rcd sharp s",backs. Gambling and
tn. word is used adyIscd'y. IL RAM
pant lu Standard on shares an over
'hc country. III. orders flt"r into
New York cry from All parts OF tho
nation. Speculation In those stocks
dealt In ~ the counter Is not as
great as iu ino-" listed ON IN. Stuci.
Exchange. du" 10 the fact tina; most
~ tic ov"r-th" counter houses viii
not make purchases on margin.
iirnr Ncl"n-tnttinE Hum"r-.
some ot the standard on Insiders
pretend 10 d-precAt" the speculation
shares OF their companies Tho
St'c.'. however, has yet TO hear o..
amy oncin, Iculals OF the many ru-
uors current rclativ" 20 torthcCin-
INK "meluu cuttings"
standard oil could discourage spec
uIatlOu ia their shares by getting
Into communication with some o.,
the biggest Wall street banks. Tho
latter. however. nr" understood "a
H. showing considerable iibcra!ity IN
making loans secured ~ Standard
Oh stocks
Investigation shows that many
women are showing Vita. lntergs,
iu thu pr.o" trend Of the Standard
on issues II IS common KNOWLEDGE
howcv"-. among those houses whIch
have specialized Ia standard Oi.
shares thht an unnsually large pro-
portion OF tho certificates are in IN.
names oi women. tn" latter in most
instances having received tn" shares
as uu Inheritance. Erok"rs stats
that those Women VINO have be",.
owners ~ standard OF shares :or
years manifest extraordinary ntcl-
Ascnce, IN fact. much moro than male
Stockholders.