Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-08
BELIEVE UPWARD TREND
OF MARKET TO CONTINUE
Number of New High Records
Are Witnessed on Clos.
ing Day.
RUNNER SIR, ,r,o> >. nrlrEn
Favorable nrrorts From Crod< Ttr-
r't"rY Hiring tb"ut iInprnN~ncht In
NcIH -SprirRtirfd md = nj II
StRt~s-Ronds Arc steady.
NJ nron,jup wall.


NEW YORK. oct 7.-rroht-tasine
impaired irrsSriarity to the price
trend in todnv's short scssion. ~
was The Nrst session for tho week
which ended with the average price
of indus,riaIs slightly under the pre-
vious Ebal rhs irreEulari,y Was
not interpreted az meaning the in
"npiion az another reaction. Genera,
opinion NJ the close was for CON
nnua,ion Of tho upward movement
next w"sa Quite = number Of new
hixh records wsr. Witnessed In mi,
dirrc'i"n standard OH nf New Jersey
on the hie board ana STANDARD OF
New Y"rk on the curb cam. In for
attention. Magnolia. another mem
her Of the Standard oil family. also
CHANGED hands At new hiEh records.
on. fsv",.bIe d-yeIopmrn, WIS
th" Improvements shown by IN. rub
Der and tire shares under leadership
"f krlly-Sprinrh"ld aud United
states Hut r"r common. H-,t.rm,nt
sp"nsibl" for m" strength ri INA
bond marker sh"w"d st"adru"ss
MaEn"iis Directors Arrive.
shares ~ S'"n'iard OH InWpsries
ana their subsidiaries seemed :" ne
stimulated ny tho stock dlvihends
which 40 :" -" distributed ~ IN.
standard Of Nrw YORK ami III.
standard of California reopi. whpj
have recently htcu prominent in thS
sharr ris" ia Standard ~ New YORK
~ro nov tai'ir1 an irnportar, part
IN tn" marker for Magnolia rs
tr"I"un' III" buying il now more
c"nhd"rt than ~ was rw"rtv poi n's
lower IN" presence ~ ms city Of
som" ~ the Mn2u"li., directors leads
~" street to look f"r imuottnnt DO
,"l"pm"n,> Within tho n"s, for,-
ni2h'. Th"y ~" DECLARED =" he ri
h!2hiN frNorsh'o n.tur" Runners
81" current maj the nos-d r"n,-n-
ria'"- r"adju.,m"ut ~ ~. "apiipii-
2n'iou which carry thn diS,r mutton
~ handsome st""k dividend From
i"litrlr S"urr~s II j. learned that tr-
standard ril frmily vii harvest =
crop ~ luscious "nl,luus' during tn.
next nalf y"ar
For weeks 2ood-siz.d short IN
t"r"rt has been bu'lt up IN t. :
Rurn"r common r"caus- ~ Tn. poor
condition ~ ~" crUd. runher mar
h"t u Developed TO-DAY. however
mat tier" ma n--n substantial in-
i'r"N"m"ut IN that direction recent
Is. This FOUND reflection In hH adj
vance Yesterday 81 the prir. "
crud" from ltI2 4" ], c-ni- =,
pound TINS w-S the signal for
."m" ~ tn" shorts ia Runbcr com
mon 4" -cs miner FOR cover Their
huNiua mt 10" rrir. M i-2 points
h.ilt Srringn"'h ris. At ono tim.
>ho"-d gain Of .hou, ~" points.
j. sam. th1t jheT, j. rjc. li,il.
hstti" G"ins on for ccntrrl Of tho
market for this stock Two Of The
higc"., groups IN IN. Street nav.
FOR IN lat few haNs been npaosin:
-tch other i"in are on tia. con
s'ructiN" sid. :" that ii would no,
be surprising = rh-y got together
ana raiii"d round n" faS FOR the
good ~ al concerned
buranrs nam" continues 70 I've ar.
hN"d !" INC AjaN Ruhb~r Gnodrich
was inactive. hn1 showed improve
msn' in price.
Mo,"r shares FIRM.
Motor shares showed Hrmn.ss hut
hid ,itti" :" attract attention Moon
Motors Mas quietly absorbed because
insiders -siim:t. earnings for the
September quarter a. about tiop n6h
or 80 the .nrTai rSre OF slG0o 600
NNi'n NhOiI b| suNai To about 10
share IN TIA. common s,ora Net
profits s'ier charges for This wear
however, "ra expected 10 NJ about
- shar" on thc common.
Msllins"n was slightly lower on
rrGlizin2 sales. Insiders estimate
warnings the curr"nT fiscal wear viii
hs NOR. than double those of 1871
and at a rate III about IS . shar" ON
tn" common. l'nillcd orders on the
c"mpanN's h"rh> on August were
about IS."o"poo in excess Of those
= year ago.
cpilmiSii" uii.rsnrcs arc heard
relative {" Delaware Iackawanna
ana western Stock large block %
which was recently taken over nv
one ~ The largest houses in the
street. fr""" shares were pur-
chased from the Emo estate.
Another new hish figure was re-
corded for National t.namcling and
stamping.