Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-10
HALL Street TRADING
HAS IRREGULAR TREND
roposal to Increase Taxes on
Securities Transactions
s's, Causes Uneasiness.
o CHANGE IN MONEY RATES
terlfnS Exchange After Moving Up
to fd.3S la. a New High Record
for the Movement. Reacted Slightly
on Realizing.
CHANGE IN MONEY RATES
Dy II. T.. Bnrnum.

lfEw YORK. Feb. 9.--Although
,endy. tho stock market during the
trly dealings today was more or less
regular because OF tho uncertainty
hich existed In tho street as n re-
lit OF tho proposal to increase tho
txes on sccuritics transactions.
owcver. certain stocks which had
ron !avoritcs iu tho recent sDecula-
on held nrm and In some instances
>tually gained ground in fncc OF tho
rnernl irre2ularlty. AS was tho case
Wednesday,. the market in tho
rly afternoon again resumed It's
pward movement, but now issues
,ok tho leadership. In today's mar
ct II was tho stnels and equipments
hioh proved most popular. especial
BALDWIN and American Locomotive
&nd United states steel Chicago and
orthwcstcrn and Northern Pacific
we'll as 81. Paul preferred again
Gro most active In the railroad
ronp. Trading was on n more mod
f'aic scalo than during recent ses-
/ ions. Money was little changed and
[erlinr exchange after moving up
+ s.3s l-2. new high record for
re movement. reacted slightly on
,alizinr
Opposed Ia Proposal.
Tho recovery OF tho stock market
as duo mainly To IN. advlccs from
fashington. creditinI Chairman
EordEey rs saying that his sugRes-
ION relative to tax on sccuritic.
transactions was purely mn individual
PROPOSAL md should not he construed
Is representing tho opinion of tho
|ther members OF the House Ways
~ Means Committee. This WAS
,'oked upon as constructiv. factor.
being intimatcd that some OF the
'mbcra arc opposed to tuch a promo
|i;ion.
United states Victory. ,trco and
dropped To par az was
= b" expected In view OF Secretary
|,eiion's announcement OF tho re-
|trom"nt Df the issue. Tho Liberty
hr"" aud onc-halts. however. ad-
anccd sharply. This was said "a
"n. TO buying by interests who
ish"d 10 continue TO hold IA.
Scmpt securities, and also IN srccu.
it"rs who bought with the bolInr
ha, this other tax esemnt issnn
|'""h be retired at par a, som.
|nirrc date.
Declare Dividend.
Tn" Eastman Kodak COMPANY di.
eftors declared tho usual quarterly
f'rihend ~ . l-2 per cont on tho
omm"n stock and an oxtra/dIvidond
Z IL: per cent Wall street looks
or big speculation in this. stock ~
ne proposed plnn TO split the stock
y on Zen FOR one basis ~ con-
immnted
directors II the Union and southern
acme Railroads met today and de-
''hr.h The regular dividends on tho
'.''hi stock. The annual meeting
u IN" Union Pacific Will be hc,d
lpril IL
according 70 Wilmington dis.
'a'chcs application has been uaac
or inc appointment OF receiver
ar the Columbia Graphophone Com.
'ahy. Just recently committed wa.
ormed mere for the purpose OF pro.
ecunE IN" interests OF tho note.
'o!nerS ana II was SAID that III.
'ehhihR and merchandise crcd;nrs
'H'ch nave claims or some tisnon
w or moro have worked on, n,a y,
OF the rEan!zation Of the CON
ANY. The Du Points are crcdi,o,
ompany. :" inns
Inc George w. Heime Company 10,
ne year ended December al ,as,
epo!'s net earnings of sIoseae,
tuai 10 s3l.f6 n share on tho CONNIE,
.ocH AFTER preferred dividends -
b,r "'hss were equal to sa7.0s