Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-10
PR0F|T-TAK|NC FAILS
TO CHECK MARKET RISE
Gains Are Not So Large, but
Trading Is Ac-
tive.
NEW HIGH RECORDS MAD,
Hudson Motors md PIGGY WiEEly
Featured Issues Which Make sub.
stnntinl Gnins-Sugnr Shnrr> Com
tinuc In Good Inquiry.
Uy Rroi,tlnn Wall.

NEW YORK. Dec. 9-Wock
pr'on,-tak;ng in liberal volume failed
to-day to check tho upward move
mcnt i'm the stock market. Gains
were not as large as in the proceed
;hE session, but trading was active
and tho uudertonc strong throurh-
out. Several new high records '.rc
in"dc, most promincl< among them
EeinE Hudson Motors and riggly
Wigely. National Lead also reached
new high mark on rise Of more
titan I'VE points. Texas Company
and Pan American shares were at the
front of the oil division. Toward the
end of the session realizing sales
Caused slight rccessions from the
best. strength prevailed, however.
AZ tho close with indications OF Il
cnnt!nuation OF the rise this week.
National Leads rapid advance was
accompanied by revival OF the report
that distribution would soon be
made on account Of the large profits
madc by thy company through tho
United states Cartridge Company.
General Electric Drops.
4 drop Of more than two points
occurred in General Electric OWING
10 the failure Of the directors 20 de-
clare an extra stock dividend as ru-
Inorcd the last fortnight
Recent strength of Simms PETROL
Improvement in American 1ntcrna-
ticnal Corporation stock. The latter
has a large Investment in Simms.
which at one, time looked worth
about : cents on the dollar
Sugar shares continued in good in
uuiry. punta Allegro Sugar touched
new ton. Conservative spectators
are buying the convertible . per cent
bonds which are convertible into
stock 81 81. Persons familiar With
american Sugars financial position
say that there is q strong probability
Of the 'Common stock resuming its
dividend in from one 10 tw" years.
y new high record was made by
In'dSou Motors when i; changed
lands At -. RMS stock was brought
out ny local baukcyS last April at
500 Il share and Up tc a few weeks
ago did practically nothing, despite
lts good carninls and the fact that
il is paying dividends AZ the rate
X So a share annually. Revenues
for September and october were a;
the rate OF about $40 a share. The
animal report will show about $ a
share carried on The stock.
H"nd> unusually Active.
sfiEE!y Wiggly's master 5 reported
L? 10 occuryinN an Ollie" ov,rlookiu4,
llrinijy Church graveyard. The shares
reached another new high price to-
day. 1he quotatiun acted as though
it was meeting stock at the high
level
business in bonds was unusually
active Tor q short session. High
iTsdc rails displayed strength. Pres
sure. however. appcar.I in 81 Paul.
Erie and Scaboard issues. The gem
cral market IS showing increasing
strength. according 70 bankers Saw
ipgs banks arc in the market FOR
'nun!Cipals. They are having little
20 do with other bonds owing 20 the
attractive rates at which they can
lend money on real estate some
national banks are also buying
Scnds. Liberties showed strength.
New Ravens advance was attrib-
uIed TO the goyerriuent's appraisal
of the p-operiy's valus and = favor
able statement by the roads chief
executive.