Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-14
DEMAND FOR SPECIALS
KEEPS TREND UPWARD
Standard Railroad, Rubber
and Sugar Shares Are Ac-
tive During Day.
NEW JERSEY OH. SILL NI'S
announcement of No Increased Dlvi-
"""us Hrings About Net Decline "
Nineteen POintS-Scl1ihE Orders
Flood Market
VIEW JERSEY OIL sLrMrs
lny Assoc!nteI rrcss.l

NEW YORK, oct. l3.-ConccntrHtch
broadening demand for standard rail-
roa1. rubber ana sugar shares en-
abled stock price, TO continue their
upward movement today. despite n
violent setback In Standard oil Of
New Jersey, which Registered net
decline Of nearly 10 points.
Speculative di5appointmcut over
,hc announcement OF tho directors Of
Ia" STANDARD oil Of New Jersey tina,
no Increased dividends were contem-
plated on Ia. new stock when the
in" per cent stock dividend becomes
effective resulted it, :. Hood OF sell
Ing orders which carried the stock
d""n To 2lG, as against the ycar'YhI,,h
81 -ap -. established earlier IN thu
~"'h. slIuh, recovery was made
later. Dihcr domestic oils reacted in
s.mrhtiIS hut Mcnicau Petroleum
and American Issues were car
r!rd - n"w hishs ia expectation Of
"Sirn dividend Disbursements.
Southern tnIIwny Gnin..
resumption %; dividends on south
rrn Railway preferred stock. which
~
malt was Indicative of the improved
business situation in tho cotton belt.
Ihat stock gained . points. while nd-
NAnccS OF rpint or NOR. were reg
i.t"r"d hy Beading. New York Cen
trail, LnckawHunn and Northern Pa
'iisc. Central OF New Jersey gained
- ON small turnover
Rubber stocks made - quick re-
spoons" To Tn. announcement To high
q ,g,r,. o.. .g,.x
~ high export duty by British
coIonia! authorities. United States
iiubhcr MAS pushed M points. and
Eains OF 10 uohr.y 2I-2 were reg
istcr"d by Goodrich. Kelly Spring
hcld ana Fisk. sugar shares al.u
moved NJ In reflection Of higher
prices, American Cuba Cane pre-
f"rred and Manati all climbing over
"a poini
iGurmom, shares continue 10
mount - orders increase. American
I."c"InotiE" established "a Ecw hiru
"i li' IL and closed -: "a not gain
OF points, while Baldwin improved
nearly point. The rie. ~ NOR. than
POINTS ia American Can Was at
'riDut"d 10 trade Improvement and
nnconirined reports that tn" stock
would soon be placed on e diyld.ni
hHsis. Continental Can improved in
International Paper IN.
Announcement OF higher prices for
h'wsprlnt iu Canada proved a builIsh
card for international Paper. which
"hFah'"d nearly point. copper
sharrs y!cld.d slightly on reports
tnat a i"rs"uing %: the domestic do
lHhnd had resulted In IN" metal being
quoted ~ - - cents a pound for dc
liE"rE during tn" next two quarters.
rpmpanIcd b. revived rumors OF
mergers ana distribution % surplus.
american EXPRESS being pushed up
NOR" than points To q new peah
price. Rumors OF extra dividend dis
burscm"uts also had fayorahl. cf-
i"ct on Stu'cban"T, ~ ! g. ana Coca
cola. Up 1t
Total sales We're !,llo.00o shares.
Cali-moncy rates continued To case.
d"Spit" tho sharp drop from IA TO
20. per cont IN the Federal reserve
bank ratio. rciirctin. Increased de-
nand tor funds Tor crop-inoying pur-
po,cs.
The call-moncy rate opened "a, J.,
but soctcncd To { l-2 before ,h. close.
The timo- money market was quiet
and firm as was that FOR commercial
paper.
m. feature OF the foreign .xch,n,e
''''' NJ ~ '"e DuE!!R or NoIweBian
crowns "hicf advanced ~ points.
r"f'"cting TIA" award OF arproyinatelv
il2.o"o.000 ~ The IiaEu. tribunal 10
N" Norw cgian government on behalf
OF hitecH Norwegian corporations FOR
claims arising from acquisitions of
ships by tn" Emergency Fleet Cor
poFation during tn. war.
Demand sterling improved on the
"b""nc" Of any noticeable Offering Of
gram and cotton bills. ANA other
rates wcr" irregular.