Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-05-06
c. & 0. PLACES ORDER
FOR 1900 COAL CARS
: For First Three Months Com.
pany Earned Sd on Com.
mon Stock.
SCHiFF BACK FROM EUROPE
en'H germany Ii Really Hard Up,
nut ~ Not EconomininK To Any
Ea'cht-thitcd states Exports De-
clininR.
scHIFF BACK FROM EUROPE
Ky r.. l.. Dnrnum.

+. NEW YORK. May 5.-Thcrc was
sct'"e trading today in the railway
equipments. in the tobacco stocks. In
f"mc Of the rails and In some Indus
trials. However. with the oils more
or less marking time. the market
was not as active as yesterday.
Consolidated Gas was one Of tho
features today. advancing from last
2 nights closing 81 III 3S TO 100 l-2
without stopping. stories were re-
ncwcd today that the management
ar the company is planning. now
that the rate Gaze has been carried
10 the Supreme Court and won. to
make distribution OF accumulated
earnings by declaring a stcck divi-
Gcnd. Consolidated Gas has many
millions OF concealed earnings. some
in subsidiary companies.
CAL money. which renewed yes
icrday at IL. renewed today at
- The rate then dropped to
B I-2
Chesnpcakc aud ohio has ordered
s.600 large steel coal cars and 1900
work cars. For the mrs, three
months OF this year Chesapeake and
ohio. according To Information OBJ
taincd today. earned "a per cent a
share on Its common stock, or at the
rate OF si2.0G for the year For 1921
1865 Il share WAC earned.
Freight Earnings Increase.
Pennsylvania freight earnings
hav" increased % per cent. whereas
passenger earnings hav" fallen on
% per cent Every railroad In tho
country could tell the same story.
railway officials here say With the
vnium" of general trade not what 81
WAS At this time last year. there is
: less travelling for business reasons.
Then WIKI the public ccouon!zinr
through choic" or necessity les,
money Is being spent IN railway
travel.
While there have been many re-
uuctionc IN freight yates. Their. has
been no reduction so FAR in pa seq
ger rates from the very high var
time level. Then. too. the auio'no-
Ri,cs and IN" local traction COrnpan-
les doing intcrUrban business are
cutting into railway passenger earn
iugs. In the old da.g there was a
theory nt lcas; that th.r. was no
money for the railroads In passcn-
ger traffic. but that such business
had 10 be done to create proatabl"
freight tra'nc. That theory however
Is nn longer accepted railway Of
Gcials admitting frankly that pas
scuger business is profitable. TO get
r., however. 4, may }. That rates
VIII have 10 10. cut.
rnnndn TO Probe Rates.
Cauada l. going TO have an In
ros,igat!On 10 see whether or not
ySrcight rates should he reduced. Wall
street learned today from cttawa
dispatches resolution for an i'm =.
medGat. investIgA;ioil VAS ordered
f, rs Parliament
Mortimer l.. schin. partner of
Kuhn. Loeb & co. who has just re-
turned from an extensive trip
abroad. told IN" Bond CLUB today at
luncheon that Germany really was
nard up He said. however. That he
did not believe Germany was econ
prnIz!ng :" any extent.
New High for Sterling.
Sterling made a new high for the
year at the opening OF the market
this morning, with exchange on
France. Italy and other countries
.s,rong The advance In sterling 10
the highest since 1871? il based on n
very strong demand here. England
may be buying in connection with
the initial payment Of interest TO be
made 10 our government on rs var
dim. loan. We know that our eN-
ports are falling OF. which. Of
course. ia big factor in the foreign
exchange market. Then. despite the
DAYS at Genoa when II seemed like
The conference would end in "A free
tor-aN fight. we know that world
developments are moving In the
right direction.