Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-04-18
PASS FIGURE FIRST
Time IN TWO YEARS
Dangerous Mart to Trade In
for Those Not Well
Margined.
RAILS PROVE THE FEATURE;
Recovery Il Merely Getting Back To
what Actual Industrial Conditions
Justify-Nev High Record for Hour
Established.
RAILS PROVE THE FEATURE
Try United News.l

NEW YORK. April l7.--Saies o,
stocks were mora than 1000 ooC
shares Monday. passing that magic
AEurc for the frst time In almost twu
years. Rails were the feature to tn.
extent OF making new high levels and
boiling them against "A reaction i'm
tho industrlals brought about by
professional operations with aEgres-
.iNc action on the part OF the bears.
VINO concluded that the market had
become 'op-hcavy because Of the
long continued advance
!, must be admitted that il IS n
dangerous market 10 trade in for
those who are not well margined.
particularly with regard Ia the high
y speculative issues. Same of those
stocks have outrun their base wor;1,
for the tim" being. hut in general
;he underlying position is unchanged
$40 W1 In First Hour.
In Tia" sense that the recent de-
cline in stocks represented the eX-
trcmc Of ACKNOWLEDGEMENT on Tho part
OF Investors the present recovery Is
merely getting back TO what actual
industrial conditions Justify
Total saies for the FIRST hour were
~ excess % 5oO.ooo shares a new
high record for any single hour dur
IrE the entire bull market,
The oils copp-rs. rats and eauiy-
mcnts Were again mos, prominen,
"nd' sales foT tn" day We're within
reach Of The . 1000 OGO- share mari;
sinclair as was The cas-. on SATURDAY.
"Ss again the most active i<suc ON
;he entire list. High records Tor the
year were numerous throughnut tn,
list and tn" heavy realizing sales
which appeared in volume. failed to
nave much eject on prices until tn.
afternoon. when there was some re-
action and Ir--gu3arity.
Hold Up &. H. Dividends
The Minneapolis. s.. raul and saul,
Ste. Marie. according Ia reports re.
ceiTed here. has BEEN cujoimrd from
paying sSio.ouc in dividends on ,no
common and preferred stocks. Som.
%; the larger stockholdcry have asked
that ihe g. sem,annual payment ON
the common stock b. cujoin.d uu
the ground that the preferred stock
Is entitled 20 fun s. annual divi-
"-nd hsfo-" the common can shar,
N dividends
pelawar" and Euhson FOR The Yea,
'hfed December a. 1921. reports ne,
income Of &H37i52. after charges
and taxes. this being equal 10. siI.sl
- share on IN" si2.503 .uun capi,a!
stock outstanding. In i..u Inc com
Nahy reported earnings Of i-.S3Is2
which vas equal L. yllso a Sha.. an
me sane amour, al stock outstandiuc
III that Year. Tn" annual r.uor, ,,r
the itcht>ou Topeka and Santa T.,
WI be published tomorrow. and This
VIII also makc a very favorabf. snow.
'n@ AtchiSon = expected to show.
'aFn'nEs of sli share on tn. com.
mon Tor I..l.
Typewriter t"mpnn, Fights,
Allls Chalmers MANUFACTURED Com
ranF 'or 1871, reports NJ, profits %;
'-'-l"' iC> after al! charges for in
'treSt taxes and other items Tbi.
',Ncr allowing f"c the preferred diyi-
.e"aS. WRS eGrai 10 Sa.05 a shar. ON
ne s26'ooc 90" common s,rc. IN
lt2" 10. profits ,o,alc6 sa.5si24.
c1ua' - 1926 a share a.,cr the same
deductions
\ good fight is looked FOR n; TN,
annual meeting ~ Remington tyne.
writer stockholders 10 he hold -;
'ii'on' y. Y. on FRIDAY. IN. inde-
pchdent tockhold"rs' committee
"hich charges mismana cement and
wants 10 s,iI,teSens. officials claims
I" have proxies for So 600 shares NJ
STOCK out OF a total Of .Ol 900 share.
LOTT Inc. reports gross sales or
S!i5i..23 FOR the FIRST three Inon,b,
~ i'-.' agains, sl.G,3,iS7 in the sam.
period last wear