Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-28
LARGE INVESTORS SHOW
FAITH IN CARRIER STOCKS
Transportation Securities
Bought Steadily, Despite
Reduction Forcsccn.
ROADS FACE ma PROBLEMS
Must Enrn Living mud Dividends ON
s"rtHiicd Income. but Luck for $50
oo"."o0 Drop In Wages at ;nrl.
Date.
u. MnItcr D. nrnMn.


NEW YORK. May 27.-By FAR tho
most important development 81 the
week has been the 10 per cent RE-
ductIon in freight rates ordered by
IN: Interstate Commerce Commission.
I'e influence from ia. Stock Market
standpoint has been negative. These
stocks have been steadily acCumu-
lated FOR som" months past as an in
N"stm"nt proposition. movement
which has been accelerated pcrccp-
ihlE III the past two months
Those who have been buying these
stocks did so with the fun knUwledg.
'hat reduction was inevitable, ANA
20 that extent il WAS discounted
From another Yicwpoin, II Was ~
nect"d thn; whatever loss In rcy"uu.
NIGH; occur from lowers rates would
d" mad" up by Increased Tonnage. re-
Fui'inC from greater activity In in
duStry AMI commerce.
""Enrd"d II. >rri"m- for H"nds.
From IN" raiiroad STANDPOINT f,
may ""l 10" regarded As :. serious
proposition. IT is si,np" ruouyh ro,.
tn" In'"rsrHj" Commerce Commission
I" work out on pap"r tho prupnSi,lon
that tbcre rates VIII Yield 81, pc,
cent ON the HEErcEat. capital. but IL
~ another matter 10 demonstrate. thlS
IN artun! practice. Perhaps il may
average that p.r",uiapa hut hnr.
afaih ~ ~ merely a paper d.monEira-
ton ~ strong roads h"lpiue tho weak
without tho actual transfer IF funds
=" 'hh' roads that Hrc Included In the
"N"raE" which arc not set paving
NOR way VIII fiui 4, harder going
'h"h eyer io maH" "nds meet
HrnA"n for Aided Net Earnings
II cannot hs too strongly .iupha-
sized that the recent showiul.> al in
'r'a~'H net earnings ON the par; AZ
H., d,>,1 ', ~ "''"
nh n .rs,.,, Ii.h,,'.t "'s F"'is
dr,.r,o,n,inr -, ~ means
.,,,ir,,.,, ,,hf '""'''' ana
,f ., ,,,,, .,,,, >" '"Neh ''i"
il, p,o. "a" 'hcr'">"
hing o.,,c,,iI,' 10" 'nh"r'hn'
atm c,,,,,. ~ '''' I" "p"r-
i,c,n. arc ioLnr IA , "','f '.h'
i,,,,, on" "'' Costs the
cor,.c,,a 'fn', Hfo"'"m aE
i'm "n.r,,lo, '"'' "f'A" no"
,,'"h'
uud.,s,,n, h"''d' u -
ducInE y.rrs or,.t
service tia, viII Ctr, |"''l
ysyo., ,nn 49,, SAVING 81
the ca, IL, t,t.gb, ".,"VuSh
.,,,,'"' '"l's - estimated
.rio,,r, H., Nh's mat
This r.durtlo, -, ''''SN' IL
rios op.ra,in,, '"i
50 ,hi,r a MN, ~" 'h""Eh
means tina, an i,,.,, N''''PE
Of business vuI ,,u1,i, '"I",ue
II. on IN. .,b,- ,,..d ''"Ht'
rled nj , Ios 80, ar
creased ionn... ,lu az
lose '''
From the .ropnric .,.,,,
reduction in rr.t,.h, $50, W.
a decided hcncr, n,l.r
shuuld fullpw in IN. ,,,,. ,,,,,,..,.
which. iu uru can n,'I- ,,,. ,,',|.'
whcu thc cost Of ltyiur ,s ,I,,.
reduced. Even win ~. r..i,,,.,,'., '''I
rcady announced f,.i,.t, - 80,
sun lac twice, : hIpb as ,h.,
iu pro war DAYS. This r.d,,.,,or ,,.
not ARMY To agricultural n-nd,,c,.
h"caus" voluntary -cGuctinus y,,t .,
Ni"usls been mad. For nay ,d
grain, although ina, ala no, ,ro,,r.
certain tu"k csiu"n for tho fa-n,,rs ~
sistlnE that il should aprlv rn ms.
reduced rates.
shows Faith Of Investors
hNcry on" Couccrucd would ho glad
enough IL such additional r.dI,rtI,ns
W"r" immcdiaicl! possible. I'm, M.
railroads cannot ." strangl.T ana
survive. Tho fact that Investors
nave taken railroad stocks .,..,iI..
ne. tF ia.