Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-06
VOLUME Of BUSINESS
LARGE ON WILL Street
Sales for Yesterdays Session
Aggregate l,35O,O0O
Shares.
Securities Recovering Rnpidiy From
strain 81 HccentIy MenncinE
situation Following Greek Dcbnclr.
tnil Money Goes Higher.
NV Associated press. /


NEW YORK. oct J.-Speculativc
h"'i"f tina, the bull movement was
steadily under way again after
temporary setback due TO readjust-
h"nt Of "A weakened technical posi-
ton aided by war scare In tho
Near East. found expression in tho
continued advance or prices IN to-
day'G active stock market session.
Tito satisfactory progress OF tho
Turkish peace negotiations. the con-
t.uuaucG OF relatively easy money
rates. Increased car load!ngs and
constantly Improving business con-
dIt!ons contributed to tho more
cheerful sentiment
Declaration OF 100 per cent stock
dividend b. Standard Oi! Of Call
iprnia apparently was Responsible
i's the heavy speculation IN OH
t'Tes. STANDARD OH OF New J"r-
''' was the individual feature.
"rfni:S Il, IS higher. droppin.;
back 3. Th,D shooting up lG3-S
POINTS TO 222. and closing a, 22l.
Shin to Independent.
Indications that a number OF
raiders were shifting from stan
GARD OH Of California TO Ncv jersey
and the independent oils were sccr
pa rather free offerings OF the CORNER
which closed al net loss OF 81.
-" 'i'r ~! was particularly actiTo,
"rrro&!ma1c!y $4,000 shares chang
'"S hhnds. the Anal rat. showing a
MT s,nin ot ! 5-S. Pierce OIL pro
ierT"d advanced l2l-2 points on a
arai!ycly small turnover. Othcr
domestic oils also moved 10 higher
i''ets. Mexican Petroleum Soc
sawed. closing at a gain Of IS
GHl!caiion % a report that the At
i'AHc Eehning Company was With
"rawinr from ,Ao Mexican ligh, al!
hs.GS bccaus" Of gale watcr caused
heavy selling % Mexican seabonrd
issues the common dropping 33-S
""d the certificates 25-s
Fal!s' as group. Jailed 10 make
any appr"Cihble response TO the
publication - statistics showing
mat weekly car lo.himgs were now
10 c"r cent 90 the highest record In
history made In uctobcr. 1920.
N!e""! P'ate" moved up 2i-i on
sti"s ~ loss than 1000 shares. ana
Chicago ana EASTERN Illinois req.
stored similar gain. hut most Of
''a other shares were irregular
>"ri- Ar" More Active.
5'"e! stocks wer" l!tti. more &C
We s"p."g!n standing out with
.ain ~ zig points; United states
steel Common. Republic. Bethlehem
'n' IN" other independents were
N''EHt.N nlBn"T. baldwin. which
moved an !i-2. was helped ~. TIA.
receipt ~ an order FOR Hity-u!ue To-.
coW"'!y"S from tho Atchison Ran.
roai AR Reduction made a new
high =; %.
forua.i ion %. an export organ!za-
Won - tho ;hrce big sulphur com
p"n'cs resulted IN Texas Gun sui
phnr being pIshcd ny 10 a ncwh !r.h
Tor net gain o: 81 ana Frc.port
TeNhf advancing fract!ona.ly. An
hnNhr"ren, - higher prices hv tn.
American Wooden Company caused n
'l>o oi NOR" than a poiit I'm tho
""m2anE's stock. Scudehakcr was
Very active on reports of oxce,en,
EARNINGS il September. tn. final
Gr"'P'ion showing net gain o.
@-A. Timkcn Roller Bearing. Coca
'".H National Eiscui, ma Consol,.
ea''d cas- al established new peak
l' COS iur!ng The session.
I"ie. sales were 100000.
can N"mr. Price Higher
1h1 none; npcncd and renewed
1t p"r cent. and advanced to il-2
III IN" Hnl! hour. Time money rates
continue easy and ihcrc il a more
active demand on the part q. on,
81 town banks FOR commercial pa
per
Foreign exchange were irregular
Early rates were generally h!gh.-
hnt heavy offerings OF commercial
h!!iS IN 'hc local market caused \
recession below ycstcrday's ANAL
"s"r"s In most European quotations
German marks were still selling he.
low cents q hundred