Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-11-06
PREDICT STEEL SHARES
AND COPPER WILL LEAD
u. S. Common Will Undoubt.
cdly Head the List Of
This Class.
METAL SUPPLIES DwISDIE
Labor Situation Finds Reflection
In the Market for Cotton, Prices OF
which Touched New High Levels
Lnht Week.
By Broadnn Wall.

NEW YORK. Nov. 5-The most
prominent on the constructive side
look for the stock market TO be led
thi5 week by the coppers and Uteo
shares.
The steel shares will undoubte dly
be headed by United states Steol
common. which Is considered to DO
behind the general industrial list.
steel common Will be prominent for
the reason that some Of the most
important banking interests In the
street believe that IL ought to be
selling higher. After the advance
Is under way the general public viii
begin 10 hear again about possible
stock dividend by the corporation.
BIG stock market operators and
bankers realize that prices Of shnres
nav" reached the level wher. Il
would be Impossible to induce tn.
Hch"rai public to participate un!ess
come stock enjoying AZ much favor
az steel common In pushed forward
Little Public Participation.
Although tho present advance I'm
the stock market has boen under
way Tor NOR" than year II has
not had mt any time n leader like
steel common. Average prices have
moved up. due TO series OF ad
vhnccs in different groups at various
1iincs The general public is Inter-
c:ted IN tho present campaign. hut to
continue TO keep its attention other
leaders than Standard Oils Will hav.
to be brought forward.
Spectators and investors have boon
informed go often during tho fun
campaign that copper shares wcre
due for rise that little attention was
pad 10 rumors late last week that
those securities were being pr!med
Tor activity. Tho result 4. that tho
advance In those shares is starting
with little public participation.
inc excuse given for the sudden
actiFNy the latter part OF last week
was mat IA" German government eS-
P"r'eh 10 hoat an international loan
ana thus provide Itself with fu%i,
Win which TO purchase copper metal
IN" basis for The Improvement In
prices OF copper shares is found I'm a
genuine belief that the price OF tho
metal Is about 10 begin substantial
upward movement. The advanc. In
inc price OF copper 10 not expected to
come from "a material increas. IL, m,
demand. bu1 from the shortage Of Ia
nor which Is acting as brake nm
production.
Copper supply Declining.
surplus supplies OF copper metal
"'"' "tchu'iy NecIinlnE. prpEfnt
supplies are declared to be about zoo
""o'o"o pounds which Is equal 20 pro.
ION Tor approximately two
months No material increase In
production Is expected even n thor.
should hc substantial ernan.ior
IN INC demand. owing to the dim
c"ty ne'nG experienced by tho big
seEt producers In securing labor.
some OF the largest American
IN" nntacturers declare that their
production Is being restrained ow
ing TO their inability to obtain nd i.
u'u"nal labor. They attribute tho
"earth OF labor 20 the stringent, IN,
m'Srat!on lave. Much credit |, now
oe'hs given Ebert II. Gary. chair
man OF the United States Steal Cor
porht!on. because of his fore.iob,
months ago IN advancing m. wag,.
"l MS employees. when the ware
increase was announced bv tho
H'eeI Corporation some very n,stv
'"'hRs were said about Judge Gary
especially by railway executives.
ne labor situation is also nnd,rs
rehcction in tho market for cotton
prices Or which touched new high
'o'eIs last week. owners OF som.
OF the biggest plantations renort
thc'r inability 10 raise as much CO..,
ton as they want owing Ia the AZ
scncc OF labor.