Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-29

RAILROADS BELOW coat NEEDS
f"r" Close Down Hrsuit OF big
trunk Lines To Get Even With Him
, f"r His Ownership or Detroit. To-
led" aud IrUnton
ny II. l.. lInrnIIiu.

'Writt"n for the United N-wsJ
NEW YORK. Aug IS Traders
sold th" market tpday on the gen
SHti"nai statement issued over sun
day rs Ford 90 tho effect tina, be
cause % coal sho-tAgc aud the high
-trices icing charged for fuel ~
would ON September 10 clos. down
mas plants, throwing $4,000 men az,
Detroit tlnur out ~ work and over.
100000 al told rhc opening of ia,
.hl""" m,int"unitrc-"t-w mems
50 hc orc ~ i,ailruai Labor Board
i'uiay hHliug tnr h.Gi wages. way
"iNo uscd 10 "cproHt price, tie
'liu's ir ih' rata Nrro general stool
sharcs We're so't on uuc"unrrncd
rHiHors th.u something unravorabl"
lnu tho s''rl situation wax coming
jD.i ~ Washington.
Guess ford's Motive
Wall street had many gu.ss.s AZ
20 Fofhs motive in putting ou, his
statement one was ,hui h. would
use the rue! situation 10 ,ukc ad-
vantage ~ tn. seasonal trend ~
hHtom"hii. buying Another or. was
mat with ap election coming in
Michigan before long Ford "a. ivy
ihs I" str up b"irvi, tusiu"s. m.n
20 brins pr"ssur. on the admit i1lrn.
'.on al WASHINGTON 10 end the rail-
'oad strike. a. this connection l.
WAS pointed out mat .,ncu For!
bought tho Detroit rul.lo aud Iron
Ion AN ohio railroad of som. 500
miles '"ry.ur Hi4 own manufacture
iuE plants and having connections
With all Of tho big truul, lines. Ford
ftadjust'd the traffic agreements
With the truuk lines in way 10
give his own road q decided adyan-
ihg". To-Day u was declared the
trunk !iu'- az" taking advantage "T
N" tu"l situation - give Ford in
large doses, some OF his own med
cine IN IN" division ~ freight
:. Wall street heard early I'm the daI
over pr'Ea'" Washington wires mat
federal Fuel Distributor Spencer be-
Iicv"d the fuel slt-luon 10 again be
serious Many ~ tho railroads.
Spencer said. were below lh.Ir stor.
age requirements
ht"his"n Earnings Fail
Atchison reports for July net op.r-
atins income OF Si.ncG.o0o against
.oo2s 600 "a year ago, ana sa,5.o 900
Tor 1870. win net ior un- seven
months Of the year At iis.22J 600 for
1872, Ns.b5S.0oo Tor 1921 s2lS3g o0O
for 1920. For July gross was SIs.-
100000 against slGi5i0oO FOR 1921.
aud '2o.s27.00o fo' 1870 For the
f"Nenth months. gross this Year was
sli5.sio.ooo against {l.:oe7 600 III
N"ar ago, and Si3G.3S0,Oo0 TWO wears
ago.
y shipment ~ twcuty-e!Eh, boxes
OF gold arrived here todhy from Eng
land on tn. Baltic. valued AZ $3.50 600
This was FOR several banks Tomor-
row shipment OF $4,000 900 Is ex-
rected ON the Majestic for ! = Mo--
gan 6: CO. making gold imports for
that rrm this year s375i5.0o0
Consolidated Gas. which mads 4
new high record for the year Sa,ur-
day AT 40 but closed ~ 13> made
new high record FOR tho vca- in
tho hrSt ton minutes Of trading to-
sday on heavy hUy!nE. The low for
III" year was 81. This stock ha,
been bought first ON the recent in
crease In tho dividend. aud then on
rumors that TWO shares oi new stock
arc TO he given for one old share.
with the rate on the new stock = per
cent. which would be equivalent TO
10 on the outstanding shares The
dividend ratio was advanced from
per cent to a few weeks ago.
ID. a q. Earnings Ilir.
From today's baltimore and Ohio
earnings the reason might be guessed
Hor the recent activities OF Daniel
willard. president Of In. company.
in trying TO end the shipments strike.
Willard was the recognized leader
and spokesman FOR the minority
party OF railway presidents, who last
week were anxious to make conces-
slons TO the striking snopmcn hold.
ing conferences with tn" labor
leaders for that purpose For July
Baltimore and Ohio reports gross of
sl3.oSt.ooo. decrease .. t2j9@.Onn
compared with last year, and net OF
s239s.OOo. loss OF 1904 600 For the
seven months gross was Sll26o3 eco
against sll2,76s 900. and ne, sI5.-
$4,000 against Ss651,ooo. increases.
respectively OF s6,726.0Oc and So
$4,000 Thus. with Il good start for
the first six months OF the year BAL
timore and Ohio seems to have los,
considerable ground in July both in
gross and net. With tho coal and
railroad strikes ended. Baltimore and
Ohio. however. which is a soft Goa,
pp,I11