The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-01-22
.S'TOCRM|.A|IR|KE7
DE|MA \ D J. [ n.
Powerful &Cliq.tes!ssl Ready to FAKE
81, Advantage SofH Every Good
Business Situation. n
RUSSIAN CREDIT STRAINED
Break Would Cause Disaster To-
n Financial Markets Of World,
including America. s.
Nov YORK. January II. 1906.

"a New York January 81, 1906.
M IN II their weekly financial review Henry
CleEs q Coz ID says III, q 5g S5F .S
s8Thio STOCK market has been \ active ana
5fcverlsh !; conspicuously strong In spots, but
lacking tho stniyersay buoyancy which chnrac-S
sterizes d thoroughly healthy bull market lix-a.5
ccsslve manipulation took place in some
stocks especially In Reading, which, how
ever lis business hns Increased and whatever 4
plans may DO Il In contemplation, has hardly
undergone u ctnnge warrantlng a rise OF 10 d
plentiful and II 10 freely scattered that the &
theory that Il shorts hayo been squeezed e i
scarcely probable; especially considering tho
property Is rnor prospero than ct any
time within its history aa short sales sar
had any justiacation4sa all, 4 was most
likely 3. ssa
anthrnoltS coal companies arc TO be brought
In still 4 closer permanent rela; ions Of some
sort. Tho demand for coal has been UMPIRE T.,
Profitable . il follows that Heading, wh!shss
through back !, j y
fields, woua natural roap large profits from
present condlti ons. such Violent moyemen1ttss,.
to sauny sudden reactions which simply dis
turb and discourage confidence rs /! n * sfs
Increase Of Dividends.
Another and more leg tllnate set !. OF !, IN
fluenccs that affected speculation were diy- i
dend 5runors concerning several imp ant RAJ.
road propcrti cs.s Illinois Central and Omaha
both Increased their dividends and II would 4
1lsS oe
Is q natural sequence OF the heavy business \
which railroads have been dolng for the pass
twelve mont hs and Is In some cases 1ustite i
by3f the outlook for the coming year. some
Of tho road nrc now beginning to- feel TIC y
benefits OF the big OUTLAWS of the lost Two \
year,; and lf earnings continue on tho pr sent
seale no material recession In the values, O.
good IRA road propertie les Is at present N sight.
IA General trade continues active for the sea-
SON and the countrySis now distinctly feeling
the benefit of d profitable harvest Even the
cotton Planters arc doing well. t having SOLD
more than half Of their cotton at &C. and a
Of the crop for better prices il they choose
Pig iron oductions q Is going along at. z I
record breaking rate; and, while the top notch
has probably been ached, this great indus--
try is certainly enjoying o. revival OF pros
perity not dreamed OF q year ago. building
operations are also pro- crossing ut rate un-%s
Usual for this season OF the year and are
fresh outbreak Of labor agitat Ion. Money ,f
is 81 entful at u caSy Srnt leg, and though theS
demands from business Schannels arc increas-$
ing ii here is little8 prospect Of any ad vance
I'M rates unit The Aprll settlements approach q:
Somewhat hghere rates than now exist sEWould 4
be- wholesome for IL. profit table emp ioYInent
found egI!matts channels 'ps
Smoney. lis one Of theIichef supports Of the
stock market at present and s still reflected
In the good Investment demand for bonds. I
which CONT nues act and has exceeded 81 al y
leApectLSlos. :. = "a =, se. Z.