Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-11-25
GENERAL STOCK MARKET
CONTINUES TO Be HEAVY
Spotty Strength Due to Short
Coverings of Timid
Professionals.
strong statistical pn>iti"u az Conn
modify HrinE> About Upward
rcnd--'"nsolidntcd Textile Al
Nnu"cs More Than Three Points.

NEW YORK. Nov 2i-"lsc all
rallies TO Scll stocks"
Win this admouitt"u bruadcas."d
throughout tho country hy the biz
Sest wire houses in tn" street. there
was l'tlc wonder that the general
stock market continued heavy today.
Here ana ,h,rc spots Of strength
were shown. hut came chiefly from
short covering by timid professions
ais, who thiuk that tho bottom of
the reaction has been Witnessed tenn
porarily nm most shares ThoS. shares.
which held relatively firm during :hc
decline were picked out toy tn. large
wire houses as likely candidates for
attacks 10y the bear contingent.
Hear Attacks y" secret
Thorv : mo secret ahuu, the bear
ATTACKS launched 10y certain profess
SloualS bat their operations have
been hclped by tho disposition Of
hanks to dispose of securities and
private statements that tho hugc
amount %! bonds in hank vaults pre-
Guides room for any expansion IN
scans ON stock exchange collateral
There are many groups who would
become interested IN certain low
Priced shares. hut tho banks have in
formed them that thcy cauuo, hop,
10 expect amy loans. For that reason
sellers Of stocks quoted at about So
snare and under. lind f,w support
ors
When nuying for shor, account nc-
cawr exhausted in tn. afternoon. the
general list turned heavy. standard
on 90 Now Jersey ana standard "f
w. kuoss Sugar shares. which
sh"wod carly strength later became
H'"NN Higher prices for the raw
commodity IS stimulating spocula-
zion In the sugars
"quisttom OF the Midvalc by the
-'.'Nl'hcm did not become public uu.
'It after tho close. although tho for
i1'' shares w"ro strong all day
'"''"u prices continued upward hc-
,.'H 20 tho commodity.
n" foreign market exchange
."' '"d ID feature. sterling and French
Icing steady. Tho discount on
NADIA exchange disappeared
''"N calling OF loans moved tho
money rate from / 10 = pcr cent,
rios TIN" first time Improvement; in
''N'Il" business was reflected in
consolidated Toxtil" shares. which
l"s, NOR" than three points. orders
'" Hari arc approximately $i2.Ooo. 600
INST about $4,000. ooO for the same
'Mo last year. Shelves Of retailers
"r, r"portcd practically hare
'hile Copper, a low-Cost produccr
'Nrning GU; copper nj the rate az IA
'NW'Nn rounds monthly, has been a
morn IN Tho side Of certain high
Gust copper producers. /, may hc
moved shortly through acquiSitiou
b" Anaconda. The prevailing uricc
"i 20 undouhtcdly looks attractive to
INC big buyers on the 1927 break.
Tn" kcnnccott- Baden Mother Lode
''a !t.on merger is reported TO be
hearing completion Th!rd-0uar,ar
IoTnIyry COPPER rerorS showed i'm
81. RumorS Worry urokrr,.
When tho gong rang on the stock
exchange few minutes before clos
ing time. many brokers had n hoo
case Of chills and fever in view of
-" ugly rumors recently circulated
Announcements was made thar N
SI"''a! meeting Of the governing
committee would he held TO discuss
the North American on nasco. Trad
!nG III the shares has been suspended
About ;hirty-fvc banking interests
hhd q good word TO say for the shares
when mp for listing
itNoriie short sale continues Ia
he Genera! Asphalt. Those familiar
W.'h - affairs say The Royal Dutch
would Set most OF whatever mirh,
%" taken out Of the Venezuela on
properties
= dror Ok point In Continental
cen 'ol.ow.nE heavy turnover. re-
ite''"t belief hy some that IN,
S.'."S We're selling too high com
I'' VIVA other iutuStr.alS