Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-09
'CT|ON or MARKET
/: IRREGULAR At CLOSE
tipping Shares Particularly
Weak, Especially Amer.
lean International.
RooKI.rN EDISON IS STRONG
'aH street Does Not Hesitate to
Display Its Di.npprovnl of Gov
crnmentni interference in the
Railroad Strike
By II. L.. fInrnum.

ny IL. u. bHFnuW.
Writtcn FOR the United News
Ne" YORK. Aug. s.--Thc Stock
arhct opened with rush Of buy
ig orders today and prices con-
8nuod upward Railroads and
iuipm"nts wer" most prominent at
&c start and numerous new high
1'cords for the ycnr were again cs
B.blishcd. Tn" balance OF tn. list
so was nrm. hut around noon
ircs began to slide and some sub
ant!hl reactions were recorded
troughout Tho entire list. There
ere numerous Influences RESPONSE
for the decline. In some quar-
rs tho opinion "a expressed that
10 stock Marke, was duo 20 sell
a IL for nothing hut technical r"a-
1ning, II being argued that even
President Hardings latest plan
ould bring about a settlement OF
Nc rail- strife. THIS phase ~ the
3 tuat!on as wcll az settlement Of
8Io coal strike has been discounted
4 mo small cx1cnt
. On tho whole, howevc-. Wall
treet now docs not believe that
10 tactics ad""tcd by tho govern
Ont Will bring shou, an agreement
|8nle's +; would bc through com
nte reversal on rho part Of the
Hahor Board of It's stand taken In
ie earlier davh OF the strike The
rect, however. docs not hesitate
"a display i,s d!sapproval o! gov
rnm"ntai interference !, Is ar
!ed thar The strike would be about
yer now we're (; no, for the en-
Enlargement given 10 tho labor
links by Mr. Hardlng's Hrs, an
'uncorn"rt. Furthermore tho lat
ri7n IL merely asking rhe ral-
80 ads 20 DO what they hay" always
n" thar is. liy" NJ 20 tho deci-
ouS - tn" Labor BOARD This Is
tru" ~ Tho Other side
= The notion ~ the stock Market
"ard IN" clos" Was Irregular some
sues recovered part Of the loss
Hlst"r"d IN IA. break around noon
~ with f"w exceptions. the Ia,
os"d lower 'pr tho day Those
"es which held their ground were
equipm"n'S and tho coprsrs
!pping stocks we've PARTICULARS
ehk especially American In,erna-
nal and Atlantic Gulf
ne strength IN Hropklyn Edi.or
49, Itch has hecn attracting attention
late Is said 10 be based u2on in.
based earnings as result, ~ tn.
diton or approxina,ely 20 600 Gus.
Miners 20 Us hooks within tho pas.
ar. The recent building boom in
'cvri7ory served by tho COM
'ny has brought this ahou, and
= source ~ incom. is looked upou
dependable and ,or.shadow-
her Increased reserves or higher
v!dends. IN some Juar.ar. the
ed!ction is made that the s,ock
]! equal the selling price quoted
- Consolidated Gas
Auto moh!le stocks sold or with ,hc
OF tho market today In addi-
10 being helped along by tech.
al conditions the decline has been
- 'o!pitatcd b. the fac, that thu sea
@ 1al falling on IN demand is nov
ng experienced In spite ~ the
- rent decline. trade interests 70.
- X: that GUINNESS IN tho second Nal,
the year will be the largest Wit
'sed In the industry FOR All ,lrnc
= view Of this quarters which special
in motor stocks arc favorinc
group at current prices based
fn their Income Weld which in
me stocks amounts 20 about 10
ii cent Professions arc also being
dc that tn" moro substantial .oii-
los VIII pnv larger dividends uoxt
r. DisCrir n!nati"n is urged. how
r. as som" ~ Ia" smaller com
los may not h" successful I'm rid
the road through which the
Mrstry Is now travelling
Price OF Zig Ir"n sonra.
he price NJ pig iron continues its
ward move which started about
days ago. when many furnaces
r. being banked ms result Of
rtage ot fuel Current prices are
s the highest level In about year.
- rise In price is causing some
ettlemcnt in tho Industry and 4,
pointed 0ut that while because OF
~ uncertainty OF tho rail and coal
se situation consumers are an
- ing to MAKE commitments for tn"
Isl ire. tho steel producers arc on the
n hand are reluctant to accept
orders At current levels because
80 no belief that costs will advance
- further.
3#ppp"r stocks r" Cstercd 1rm tone
owing a period OF siuggishness OF
- There has been little change In
e. lamcntal conditions to account for
latest rise in various stocks. but
said in the trade that accuinu-
Il surplus in constantly being re-
I'll as "A result OF the slow hut
dy demand for the metal The in
ry at present is experiencing it's
IL summer dullnrsS, hut producers
confident that with speedy
= cement OF the rail and coal strike.
(iumcrs VIII again come into the
kct and make commitments for
- II and winter needs. settlement
- he strikes is expected TO create
8 idcncc in future buying. Higher
les are also expected and Il quo
80 On better than II cents pound
- -edicted ny September