Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-06-02
ADERS IN MARKET
ARE STILL BEAR|SH
|lnmission Houses Dealing
With Public Favor
Long Side.
~ l.. GOES UP THREE POINTS
rninRs Statement shows Further
3afidencc OF Improved Conditions,
Especially In FnrminR sections of
ountry-Sales increase,
BY Il. l.. Ilnrnua,.

LIE" YORK. Juno l.-Irregularity
again tho feature OF tho stock
rket but there were moro strong
- IN weak stocks today.
'coria and Eastern was one Of the
eresting features, advancing
nrly points on the announce
lint hy tho Interstate Commerce
mmlssion that a railroad owning
Hmajority 81 the stock Of n sub
larry company could purchase tho
tstandinE shares without getting
consent Of tho government. a
.jority OF the stock OF the Peoria
III Eastern Is now owned by the
IL Four. Most commission houses
pig slide OF tho stock market
bwever. traders are still bearish.
hiking tho most of toLays news
at representatives OF some forty
iiway orsanizations. acting for
100000 railroad workers. were TO
.vo conference next week TO dis
SIS tho wage reductions inst an
unccd hy tho Railroad Labor
7'ard and matters relating TO work
Is rules and conditions.
Inrrensc Miners Pny.
Further evidence OF Improving
ado, especially from tho farming
strictH. WAS forthcoming in the
VS. carnings statement Of Sears
4,chuch for May. sales for the
NTH being &l+,t77.o0O. against 3l2.-
5000 for the same period pr last
ar. an increase OF seas 900 or
Ia per cent For the I'VE months.
les were S7l532 0oc. decrease ~
72S,o00. or SIP per cent.
8Tcnnesse" Coal and Iron announced
10 per cent increase In wages Of
alabama mine workers. In view
tho attitude OF railway workers
tho wage cut ordered by the
abroad Labor Board and tho wage
8ductions nt other railway workers
= III 10 come 10 Offset the 10 per
nj reduction In freight rates. much
favorable comment was heard TN
liking circles here today regard
ih"T" war" increases. II was
8,rch that htEhr- wages. tho grow
+ scarcity Of labor and the Increase
commodity prices would not only
qpor. but would make trouble
Hlcrc wage cuts have hocn an
> unccd
Seventeen MiiIIon-Shnrc Days.
1Thcrn were twenty-scvcn working
y az h'l' month JUst Closed. IN
3udinE four Saturdays OF two-hour
ssiona. on the Stock Exchange. and
! 0f the twcnty-threc days OF I'VE
~ sessions there were seventeen
Pi!on-sharc days. with nvc more
Dys when the turnover WAS more
9n 100000 shares. For the month
H. turnover wac 2ssll,O0O shares
ainst lTO32.o0O for May ~ las,
lar and 35l9n0nn IN. high record
IN the month. established In 1901.
r the fly" months OF the year the
8rnover was ii3,se3O0O shares.
ainst 7i335.0nO FOR the same pc
ID OF le2i ard i55.o7a. 900 the high
FORD. made back in 1901 on May
the average price OF nf,y repre-
@ntatlvo shares-twcnty- rails
ii twenty-fvc Observation-Disclosures
50. The low for tho month was
tdc on tho 18th NJ 1921; the high
tho 2ath at $50; the closing was
81
2i'or bonds n new high record was
&,dc In May FOR all time at 1882.
10000. THIS compares with s23O.-
10000 year ago. For the Ave
,nths or 1922 there Is also a new
sh record a; si.oti.o00 900. avains,
2l0. 900. 900 for the same period OF
81. To what extent the invest
en-: business IN this country has
town since the war started is
= own hy the fact that the turn
= cr In bends on the Stock En-
8anEr alone for the FIRST 1--WE
onths nj 1922 OF 1894 ,0oo. 600 con
,sts with only s2iO,o0O.OG0 for the
T. me tiv" months Of 1913.