Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-18
RAIL- SHARES DISPLAY
F|RMNEsS IN TRADING
Lehigh Valley Is Feature of
Operations in Railway
Stocks.
MEXICAN PETROLEUM BREAKS
copper Metal IL Henvy and SETS New
Low Record for Current Year.
Numors I'm Steel Circles Of Higher
Prices.
ny II. l.. Rarnum.

by II. l.. Darnum.
NEW YORK. Feb. 1.-The rails
were about tho only group which
uispiayed real flrmncss today. Le-
nISh Valley was tho feature. A pool
mas been operating in this stock for
some time past and this with South
ern Pacific, Reading. Northern Pa
enc and Union Pacific arc expect -.
% lead the speculation In the rail
road stocks predicted later in the
year. There Ia some buying going
On In Southern Railway preferred
based on predictions that the diyj-
dend on tn. preferred stock will he
resumed mt the meeting to be held
Nhrch D. Resumption of dividends
on Missouri Pacific preferred are
also expected soon.
lHe catching Of stop loss order.
was mainly responsible for the break
In Mexican Petroleum. This is n
natural development following ~,
recent rise on the announcement q.
the bringing in of new wells. II 4.
rpm'red. however. that these new
wits arc not as good as ono was
hrst led 10 believe.
EnAtmnn Meets April 4.
directors of the American Sumatru
iooacc" Company meet after tho
.o"e OF business to take action -,
me preferred dividend due To bo
""c!"rch at this time. According IN
.n" best Information obtainabI, in
we street prior to the meeting. /,
is believed that tho dividend ,,,,
he pissed entirely.
Eastman Kodak directors will ,,
on April (. for the purpose NJ az,
cIdinB on tho proposition TO split I'm
ne capital Ttock by issuinz ,.n
1hartH OF new stock for sach ,,nre
ot the old stock now held wan
"Uee. looks for heavy speculntIon
10 'his STOCK after the change. TIKI.
wac true when General Motor, ,nl,,
itS stock. but since then there nnx
oeth sharp decline. Soma pcopIc
,p"k upon such an operation a. y,
'qu'datlon proposition.
(opp"r metal Is heavy and can h.
, ,.. ~ ~ cents pound de.
'FSFeo. new low record fnr ~.
current year. This new. h,,
some reaction In the conner 49,
according Ia gossip I'm ths 80.
SAID that one OF III, conn.
COMPANIES which had pledged . Inr,,a
th'ouht OF copper as collateral a.
nis now forced to dunn the m.,,t
~, On inc market 10 meet lts m.,urI,,
. ms IL said 10 be responsihin ~,
.ne present weakness in tho
market we metal
~, hiEher Steel Prices.
A.ueh talk Is heard in steel circle.
IN hh"er prices for finished products
fthe near future. This Is SAID -,
90 que tn the fact that mar. ~
.naependcnt producers arc sat,,
tneir products below the cost ~ n.a
'oH. some iron sellers In ~
e west have already Advanced
prices sl:5O a ton. Furthermorr :, i.
!. mate. that IL buying continue.
.no pace witnessed since the he
nrJcas Ill, the current month. higher
most people expect. '"~n
100000 twenty-year bonds
oHered by local bankers FOR ,ba
Sount or tho Julius Kayser G. 70
nave been sold. They were ororoI
on oasis OF 7.10 per cont.
pnec,ors or the illinois Contra,
ansoad propose to issue $4,000 ooo
LEV preierred stock and n special
IhSetinS or the stakeholder, vii, -.
called for April 10. to vote ,bcir
pIoVhi ior tho Issue. The stock viii
Se>onered To shareholders on n Nc
able. S'''' uhafaii-
Irnains In the stock OF fhe ImDe.
corporation OF Delaware
=, oS the Middle States MI
,orporati ton, has been suspended rror,
INV New York curb marker. cor
"rr III inc stock was feared NJ ,roJ
ers VINO sold previous to the takIn,
"S'r or the stock by the Middle states
Ut, having difficulty In coyerIng
r 'oatlnH supply OF shares very small
"'Tnrcs on Car LOADING.
tuners Continued to be circu,a,ed
suout the street to the efrect ~,
nirec'ors or the American Ice Cor
ptny VIII declare large extra stock
dividend II was reported some ,In,a
asp ,hat dividend Of 100 per c.n,
would be declared. This. howsrar
received little credencc. The stor,.
az y now stands. calls for a dIvid.nd
OF Sza per cent in stock. TO he fol
lo"ed by additional stock dividend.
Oh smaller amounts In the futura
inc United States Rubber cor,
panS's annual report clearly reoont.
the period OF adjustment thrnus
which the company has gone d,rie
the past two years. Before ad,,,..
hent o. inventory, the company re-.
ports ~ cents share CT the Common
in 1920. e"'heo
Figures of car loadings for TN.
week ended February 4, show thai
me railroads OF the country loaded
lel6s more cars of revenue freight
than In the previous week, and 5I.16a
more than In the same week iast
year. This is the NTH consecutive
week In which gain in car Ioadinrs
has been reported.