Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-16
IN SWER|NCEN OPTION
SENDS c. & 0. STOCK UP
vernight Announcement Re-
Elected in Net Cain Of
l Sd Points.
sse" AFRO Accorded I'm Delaware and
hudson, Central OF New Jersey,
fcre Marquette mud Union Pncifif
francs Fcnture Exchange.

Days total sales. $4,000 shares.
Twenty industrials averaged
$500 ta) net loss Is.
High 1922. 1913. low. 1889.
twenty railroads averaged sl.-
Z j5: net loss .33.
High 1929, :39g: low. 7343.
ca en-dIvidcnd IS.
by Associated Press
&NEW YORK. Dec l5.-Stock prices
!i"d 10 make much Roadway In to-
ys Irregular markets. losses out
mbcring the gains at the close.
a brisk ris" In United States steel
mmon. which sent It up 10 l0s 1-8.
i" highest 'pric" in Il month. was the
iINidual feature. Tho strength %
Is Issue. which brought about a
nporary sympathetic rise In tho
her stecls. followed publication Of
confirmed ruuors that extra cash
stock dividend payments were in
H"spect for the early part OF next
mr.. There was a belief in some
toriors. however. that the rise in
eel was cover 10 hide the unload
e or stocks elsewhere. Stceln re-
3tcd at tn" close To lOS7-s un
ION the day and Bethlehem. Cruel
10 ana Gu!f states closed frac.
8nally lower
: Copper shares Arc Active.
Renewal OF agitation for q loan 70
rmany. which would undoubtedly
Il neht tho copper export trade
rough that country's Increased
RELEASING .j3wcr. combined with
cher pri"'s for the rod metal and
suh>innunl- reduction In the sur
Hs tuppiE~ycy"aleI in the latest
: atiStics. stimulated buying Of the
> prcr shares, American Smelling
mpinE uonrir > points. Annaronda
:. ana rtaf.I2
overnight announcement that the
IN Swc!.nrcn interests had OIL
ned an option on the controlling
t"rcst az no Chesapeake ans. Ohio
ilr"nd way reflected In net gain
3-f for that stock other rails
or" mixed but mostly lower. lossos
point or more being recorded
Delaware and Hudson. Central
Nc" jersey. r"yc Marquette and
&nion raciAc
Publication %, a report showing
~ TIC sales and earnings 81 tn.
$cWart warner Company were run
8lS at the same voluin. in tho last
ihrt"r rs In tho second and third
ought Il number ~ buying ordcrs
TO tho motor accessory rroup
romh"rG CaThu"rc,or was pushed
4, 1t points Fisher Body touched
"th"r now top at 20+ .. and then
acted To- .'5. M > on tho day:
'Sch H3En"'" improved ll-i. and
-iy DAVIS ana Stewart Warner
Vhnc'd frsc'ionaily REYNOLDS
ring. which VA nurhcd up SIG
,ints 10 20 i-2 Yesterday on rcport,
~ J, had r"c"ivcd large order
on ~" Ford. Company. moved up 10
today hut n'ii back later 10 25a-t
iracti"naliy below last nights
ran Nm"rirnn Declares Dividend.
BALDWIN aud Studcbakcr continued
yield :" selling pressure. The FOR.
r dropping 81 aud The latter
Gusden touched Ji3-i new
gh ou tn" movement and "A No, gain
mof" than point, hut most OF
other oils were weak. General
phal'. Mexican Petroleum and
= andaTd Oil OF California droppinr
i I" ] points Announcement was
AIDE after tho market closed tina,
Pan American Company had do.
arod a stock dividend OF 20 per
at on the y and II stock. and a
lartcrly dividend OF Mexican Pc.
"l"um mad been Increased from 81
81
Strength 90 French fr,ucs. which
'van'"d lIl.2 points to 7s5l-2
nts Was th"' feature OF the foreign
3Nchang" market Demand sterling
as quoted around Si.6i. ana marked
'pr"N"m"ut was noted in tn. Rel
M ana Italian rates German
trss wcE" quoted around liz cents
hundred asa !i a few days ago.
VlVaI OF agitation for a loan 20
crnany stimulating speculation In
cr!in curr1noy.
Call money opened ~ per cont
3tvanced to 4l-a during tho noon
POUR and thence to 5. where Il closed.
1oVernm"ni w!thdra Of ss7. 900. 0Oo
3om local banks caused tho higher
1itc. which Is generally regarded ne
3inpoTaFE Most Of the time nancy
[asincss is done at "a per con, far
H." th!Tty-ddy pcriods and : for tho
niger maturitics with tho co
crcial paper market still "a.
er cent affair.