Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-24
COMPANY MAKES GOOD
WITH ITS Latest MODEL
American La France Fire En-
CINE Company Announces
$4,000 for.T921.
UNITED RETAIL STORES WEAK
III. ii. Franklin Company VIII Sell
10000 shares Common Mt $50 md
big Amount of Preferred To Manu-
fncturc New Four-Cyllndcr Auto.
UNITED RETAIL STORES WEAK
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NEW YORK. Feb. 23.-Chandler
Motors led the automobile stocks to-
day. II jumped several points. The
rise In tho stock was by insiders
who were DESTROYS Of bringing IL
moro I'm line with the selling price
OF Studebakcr, which Is selling on n
per cent basis. while Chandler is
selling on per cent basis Chnnd-
Ter is making good progress with its
new car. That the motor companies
are selling cars is indicated by the
fac, that some OF them are now
working on full time.
'nsS Common, Dividend.
Directors or the National f:n.,ncl
ing ana Stamping Company, at their
meeting today, passed the dividend
on the common stock J.Jt wear The
company paid per cenfIon this Sc
curly. The regular dividend Mt the
rate OF 3-i per cent has been de-
ciarcG on the preferred for the full
year 1922. According to reports in
the financial district. IL Is stated that
The company may do some financing
IN the form 81 note issue within
the near future.
The Oklahoma Producing and Re
inning Company for 1921 reports net
earnings of N.:23.7s6. against sC.4ot.-
y
The American La France FireN En-
Einc Company for 1921 reports nc,
earnings. after charges and taSes or
'os.Ooo. equal TO ,l.i5 u share on
III" common eiock after allowing for
preferred dividends. In 1920 the
4, company earned 32.i5 share on the
common.
Savage Arms for 1921 reports n
deficit, after taxes and chargcy Of
."' IN the previous year. Tho above
i"f's also included all adjustments for
inventory depreciation
United Retail stores WAS again
weak during the greater part OF the
! Trading today when the rest OF tho
market was frm. The decline was
saih To he due to one OF thoSc bear
attacks generally witnessed when
q. j. Whelan. president OF the com
pany. generally goes abroad MIR.
Whefan sailed IA lew weeks ngo.
To Protect Stockholders.
FRANCIS ;. Wh!tten. president pt the
toiunoih Graphophonc Company. in
commenting on the courts action In
refusing TO appoint "a receiver. said
the present management, is doin1.
everything possible to protect the In
terests OF the stockholders, and so
Tar their efforts have met with zuc
being liquida'-d as rapidly as the
market Will permit. The sales and
distributing organization has been
held intact. and overhead exrcnses
and salaries have heen cut to the
lowest possible figures"
The hSures OF car loadIngs by the
railroads OF the country as comoilod
oy inc Association OF Railroad Execu-
ives shows another large Incrcnsc
II l.
total on that date was 1SS,4I2. and
The gain over the previous week was
3t,b"6. These figures have shown an
almost steady Increase since tho he
ginning OF the year.
ne MANAGEMENT II the National
Ename!ing and Stamping Comuanv
met with opposition ut the annual
meeting on Tuesday. The opposition
succeeded In e!cctinS its ticket, which
consisted OF six new dircctore< and
ten or the - board. 1t is planned
10 increase ,no steel end of rho hue
ness. II was too late to act on the
dividend on Tuesday due 20 The
length cr- .!'ne /, took to count
ProHies. Consequently. the new
board adjourned until today to take
action on the dividend. ACCORDING
10 street talk. the new directors arc
opposed To payment OF a dividend on
.ne common STOCK at this Gme
element s,udehaker led the opposi-
tioh. The annual report for 1927
'howed a net loss of s5Ig,2lo. agaipst
profit of siSas.G5l In 1924 Tba
dehcit. after dividends and Other
charees' amounted 10 soSGIlo3
against n surplus OF sI,726.6ii tho
year before.
ihe Phelps-D Dodge Corporation has
leased for three years tho rci,in,
p'ant of the American SmeItfn, ,nG
kcnning Company at Perth Ambov
inc IL. II. Franklin Co. will sci,
lu'vou Shares common at $40 share
and S3,0oO.OoO I per cent nreferroa
300. Proceeds To be uscd ~
or construct factory for The mar,
daclure OF a new four-cylindcr car
me company may take over tha
WhiFs-overland plant at Eiizabeth
n. J. IL