Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-02
MOTORS LEAD IN DULL
STOCK MARKET SESSION
Scars-Rocbuck Sells Off on
Statement of Earnings
for January.
CALL MONEY TAKES JUMP
ohc Broker ON Wall street Exchange
Asserts Hate Could be- iioostrd
I" !" Per Cent IT the Hnnkcrs SO
Desire.
CALL MONEY TAKES JUN

NEW YORK. Feb. l.-Outsidc Of
the motors. which were weak hut
afterwards recovered som. OF the
early losses. the stock market was
quiet and dulI. Sears Rocbuck also
sold OF on the statement Uf earnings
for January. which showed ,i4ISS.-
oCo. compared with sl5.579. 900 for
tho hrst month of 1921 one house
alone sold 5000 shares of Sears
fochuck. Arer a decline or ,vo
points there was 81 recovery T,h..
"nt"robil" shnrcs droppcl mrs, M
IN" announcement OF Ia" yw,rpi,,y
price cuts OF from So to ssi, mad
ny dodge ana th"n III" n.,ys ,hnt
application had been made for q 70
.''t'r '"r ~" i.ocom"hl" Compail
'u ~" Interests Of tn" bank and ,n.r
cinniiSe creditors nnd the stock.
holders.
NIL Money Advances.
IA Vie" OF the cali money ruarkc,
u" STOCK market acted very well
'"H"E can money opened 81, : ,b.n
M'ht l" . -. and then to O Shortly
'.,St noon There was consid.rabic
''IiihE "h lonns as a result Of m.
hrs, "f the month financing and ia.
payments being mad. on tho tinO
'Nu""p or NOR" treasury uo,..
number o: Industrial conunnI.s hn,
INK none; out on call called m.
'""hs I" subscribe 10 the treasury
n"''7' ihcFe "hs AN urgent demand
i"r can m"n"r. one OF the brokers
on ia" STOCK Exchange floor rcprc-
sentiHs the banks 4aylng tina. tho
fhtc ""uih II the banks 90 dcslred
10 put 10 10 per cent Time name
MAS quoted from 49, to :. Thc
general ceiling, however w,- ina,
"it.r ~" days money will again
get easier and remain .a4y for the
spots 40
Developments Enr"urnsIng
I'm Y"w of the earnings put orr
=! me steel corporation late ycstcr-
""S showing steady decrease by
mon ms from S'.2ot0D0 FOR October
Z" si''' 600 for december. The small
- monthly returns sine" February
~ 1919. thcr.. was much Interest :,
i"1hy's weekly review by tho Iron
NS" That authority savs Inc
Week = d"veloprncnts were more en-
c"nrheInS as 10 tho Impetus 10 come
from tho SEASONAL buying expected
wiihih tn" next two months. tina,
January ended with tho amount and
character 81 new demand for steel
products better than n, any time
-'nc" ia" turn II tho year; that there
was = lnfg" amour, OF new CON
srncron and replacement work
ahead.
M.dvai" reported today FOR the De
'cWh"r quarter n deficit OF sl37e GOO
COMPARED with a surplus Tor tho same
quarter ~ 1920 ~ s2.OIs. 600, s3.2S2..
600 FOR 1919 ana s5.o23.OOO for tho
last 'hr"" months OF 1915
y. j. Hepburn who died on Jan.
phry - aud whose viii was Med
today with IA" amount OF tho estate
being named was said by a close
banking friend To have left $1,000
pol som" 1T this was made in syn!
aignt" transactions
Tinted Front Sharing Corporation
declares two quarterly dividends OF
SIS. placing tho stock on an annual
$50 basis.
Erdicut, johnson reports for Tho
calendar wear, 1921. gross az S5sSI2-
600. against STi,a70.oo0 FOR 1920.
However. operating expenses were
cut 10 ;he bone. making tho surplus
10" dividends despite the loss ia
gross si.Gi2 900 or sl0..9 for the
stock against s3.l5o,00O. or ;G.l3 for
1920.
\ shipment Of N,i5j.ooo gold has
been received by the National Bank
OF Commerce from Norway. Gold is
now coming In only In small lots far
between.