Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-26
UPWARD MOVEMENT
IN PRICES RESUMED
Trading Relatively Ii g ht,
With Fluctuations Generally
Narrowly Limited.
STANDARD OH. GOES IL.
Sec Some Poor Earnings REPORTS by
railroads for tuEust-in,rrnsed
Retail business Helps Mcrchnn-
dising Shnrcs,
tBy Associated press.l


NEW YORK. Sept 25.--Thc up
ward movement In prices was re-
Sumcd In todays stoca market, but
trading was relatively ilgh, and
fluctuations generally were within
narrow limits.
y heavy accumula,,oa Of wcck-cnd
huying orders impaired sTrour,
one to opening quotations. bu,
when they were disposed OF the mar
kct lnpscd into dullncss short
pressure against some OF tho non
dividend paying rails and spccula-
tive industrial fn"or!tcs later caused
H"Ec irrcsu!arity. but The general
list held UP wcil under the selling
pressure.
STANDARD OH RI,c..
Revived reports Of mergers and
capital rehdJua,ment were partly re-
-ronslbl" for ia" continued rise I'm
standard OF shares. Standard oil
% New Jersey crossed lrn To a nov,
l"i,S price for the year. nnd Stan
dnr1 on OF California also moved "a
Jew hiEh ground Another iuiI-
vidunl fca1ur" was Gulf states.
which was pushed mp TO new 1929
hiEh AZ - on Ea!n OF neariy. i've
POINTS. but fell back 10 Of Ia AT tho
lose The small Hoating supply Of
his stock makes IL susceptible 20
rooi operations.
Speculative selling Of some Of the
cheaper rnilrnai shares apparently
wnF In anticipation of some poor
earning rcports for August coming
out N the next few DAYS. The Au-.
gust figures ar" expected to show
the principal effect Of the coal ans.
Tail strikes. Rock Island was the
principal target OF selling pres
are. showing n net loss % one
uo'ut on turnover IN excess ~
10000 shnres. baltimore and Ohio
and ST. Louis southwestern also
were sold rather freely. bu, tho Of.
i"rings were wei absorbed.
bigger Retail business.
rho substantial advance IN NOR
ohandiH!ng shares. particularly
Wooiworth ana Krcsge. was at.
irihuted To reports OF Increased re-
TAI business. Woolworth advanced
Ia points on \ small turnover
while kresgo touched $50. new
h!eh for the year. but fell back later
10 IN. May department stores also
made an aDpreciabln gain.
s. Joseph lead advanced ia IN
response TO higher prices for the
metal Chemical shares also played
i e.
Dawson rising ili. American Agr!-
cultural one and Allied Chemical
o.;
$or,h American made good re-
Spons" to the better earning repor:
Df that company.
'niI Money Drops.
baldwin aud Studchakc- wer.
subjected 70 attack by professional
Interests In the late afternoon trad
inS, each declining a point or moro.
Mexican Petroleum, another .p.cu-
ally" tavorit". was under pressure
earlier IN the dag on rumors o, adj
dit!"nal 81! taxes bciup Imposed In
Mexico, but came back strong ana
r'oScd ct net gain o; nearly
n"int on reports showing August
earnings At The rat" az s. share.
Sales ,"toliet 7c5.3ur ), ares
Cni! money oneucd and renewed
~ por cent. but oascd Of 10 4l-2
, y IN" carly afternoon ard held Al
That apUrc until ia" close Time
money was quiet the shorter ma
turtles being quoted Il, 4l-c To
3-i Most Of the commercial pa
pcr Is quoted ~ a rate OF il-i per
cent
y large Offering OF commercial bills
caused a slight recession IN some nt
The foreign exchange rates Demand
sterling Bills We're quoted Jus, un-
der ti.i2. and French checks were
selling ON a Isl basis.