Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-23
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bN Associated Press
NEW YORK, Dec. 22-stock trade
Fhultion was preserved today when
''hhding stocks were bid UP in all
t"ctions OF tho list OF the final scS-
sion before the Christmas holiday
snort interests. who had sold stocks
iTcc!y on the theory that tho mar
k"t was due for another sharp re-
action before tho nrst Of IN. wear
'penrcd lcss confident and their
covering operations contributed to
the rise In many stocks The man
ner In which stocks were bid up
plainly indicated that present hold
ers were not particularly DESTROYS OF
selling at prevailing prices
|. Baldwin and Studchnker. two OF
INC most popular speculative ia
Noritos. led tho advance I'm The stan
dard industrial shares. the former
being pushed UP 2i-2 points. aud tho
latter touching I3:. AMI thcn drop-
IpinE 10 1871 ! =. where IL was up 23-I
go the day. Pond Crcck Coal closed
nor" than four points higher ON Of
hc!al confirmation OF reports that
Henry Ford was negotiating for tho
property. Considerable interest was
SHOWN hy the financial commuuI,v
In tho announcement that Corn
PRODUCTS common stock which had
wen paying Il - regular. and - cx-
IRA dividend. had been placed on a
regular So basis. and that an al
dlti"nHi cash dividend OF 81 had been
declared.
Fisher nody MT. New Peak.
Fish"- Body. which has been
mounting 10 higher ground for sew
tfhi months, established another
new peak today AT us. but dropped
i1:cr 10 2Iil-2. where Il was up one
In
bought In tho open rnarkc, hy W. c
Durant automobile manufacturer.
who has been selling IL i'm small
units on partial payment plan rho
controlling interest in the Fisher
BODY Corporation IL owned By the
General Motors Company. az which
wv Durant WAS formerly tho head
bnit"d S'atcH steel was quite ac-
tive. but closed AT last nights nnal
hgur". Cruciblo and Gulr STATE.
steel moved up more than q point.
but Republic and Bethlehem II war.
hehv!. tue last named brcak!ng be-
low sixty In reflection o. speculative
uncertainty concerning the mex.
dividend on tho common rtocR There
is widespread opinion however
That inhsmuch az bethlehem paid
dividends during the years Of bust
noSP depression there was it'll.
!it"Ilhord 81 their being suspended
nov when the industry Is in the
midst ~ period OF prosperity.
Hnilr"nh shares Less Active.
railroad shdrcs. III which there
M v. been traces ~ investinnn, buy
=. wetc less active today. probably
because Of the further weakness OF
pe!a war" aud Hudson which dropped
three points. However. gains az "a
to li-i points wcr. registered by
New YORK Central .>tchlscn. Illinois
Central and Northern Pacific.
Consolidated Gas Which had been
ihrHvy on reports that Governor.
Elect Smith would recommend that
fcnrtrol ~ local public utilities h.
| 'liW Sferrcd from the state hubble
9eeG &C and transit committees to the
Il"cal board ot estimates. rallied
yss points, United Retail stores
i !Eprovch 3-a points on report. Of
II" cSrd breaking holiday basInes,
lSomc of tho other strong Spots were
Zones brothers Tca. International
Harvester, Lisgett q Myers. oti.
Elevator nnd Wentworth, tho gains
ranging from 81 10 nearly ave
pointr
Can money opened atil-2 per cent
3and advanced 10 ) just before tho
eJJ9Sc
Fine money and commercial paper
4ratcs were unchanged, with business
Quiet.
Trading in foreign exchange was
extremely quiet, with no important
changes in ratcs. Demand sterling
held steady just anove 1854, and
5Frcnch francs Just below 7.45.