The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-03-06
STRONG CLOSING
Of STOCK MARKET ! ( |
United States Steel and the Cop
pers Leaders 81 Days
Trading.
.N5T5IM q IMPROVING
Rockefeller Foundation Is Look
cd Upon as Convincing
Bull Argument.

~ New york. March Stocks had ~
strong closing to-day WITH Steel ana
the Coppers leadership. 4: feature that
attracted widespread attJntlon was vas
the excitement on the curb ~ Llle
stock OF the InterContinental hupnsr
ferred to the New York Stock Ex-5
change. General sentiment was !u Nl.s
Improved and no apprehension was
felt over the strike situation IN F ~
adelphia. -. 4,
surplus reserves and cash. but ms
was not considered important IN vie"
OF the abundance OF money,
AS q result Of thorough liqnia ta,,nrl
ed its equilibrium this week and made
interest IS sun quite 1,1its.s lab re- e
Increased materially. Many. sorpo o T.,
the number OF their stockholders Bank
7 es, loans are at q minimum, anu pubic
confluence ID being restored rapidly.
ConfIent Of Decision. - - .na
Supreme Court is allowing Its deci.
sions to be known 1t advance. many
important bankers IN wall street De.
slieve that they know how tlat CO., Gourt
opinion is that only a minority Of the
court Will attempt to hold the Amer
can Tobacco Company guilty. This
brief Is not merely acad emo, 10.
ket operations were begun las. week &c
with this supposed decision as basis.
stock OF the tobacco company haa
movement upward OF about 40 points
trust express the belief that even With
an adverse decision their business
would not be injured.
The steel trust gained the largest
number q stockholders IN tIaraa ssd
about 5000 Since the first OF the year.
Tho Pennsylvania Railroad, the Chcs-
apeake and Ohio. and American Can
and Foundry and New York Central
rial increases.
The increase in steel stockhp1ders
bankers. Although the trust is manu-
ably show no reduction in the number
OF untitled orders, the new orders be-
ang in excess OF capacity for the
quarter. An increase OF the dividend
Is expected By everybody in touch with
the true situation in steel. Railroads
held back orders for many thousand
tons OF equipment and rails when the
January lul1 developed, and these orr
ners are now being placed
Rnilronds Prosperous.
The prosperity OF the railroads Is
being proved by the declaration of an
extra dividend OF per cent. by the
Lake Shore, making an IS per cent.
company. This will enable New: York
Central to increase Its dividend to 6
per cent. Pennsylvania IS expected TO
increase Iaas y It's r dividend to per cent.
world by his plans to establish be-
nevolent trust OF gigantic proportions.
This was foreshadowed by the retire
ment OF young Rockefeller from the
t,(N9 rl 1afiNl ~ Is, ut
ttrement from the steel board last
week.
Granting the Rockefellers full cred
II and praise for the tremendous char
Teller Foundation Will be the greatest
holding company In the hisory OF the
world. 1t Will have in Its treasury
securities OF the oil trust and other
ture legislators VIII be embarrassed
IN their trust smashing operations by
popuar cry against the destruction
nf the foundation on which the Rookie
Teller charities are builded.
The withdrawal OF the Rockefeller
millions from the speculative world In
Wall Street and the resultant wtth-
drawal of hundreds OF millions worth
supply mean more stability to prices
and greater confidence among invest
tors. The Rockefeller Foundation is
bull argument on stocks.
II ne Sl4I
Excited trading in IntercontInental
Rubber Company stock was a feature
again OF the curb market to-day. The
shares advanced to Fl. which repre-
dsnts sixpGinT moyemsnt Il two
terially changed. United States Light
Ing and Heating was active.
In the mining list Nevada Consol-
Central aa'Ta Vs rose Vi iraetion s ro RaT
Of the decision to issue the long,
expected bonds on March 16. Consoi-
tdated Arizona. Goldfeld Consolidated
Kerr Lake and Chino were other &C.
In the Street.
Ssaf aga gea!s s ssS55a s9d Value a's e
bonds sold /. to-day. sll5s.ooo. year
New York central's movement OF
loaded cars continues to increase. all
; lines west Of Pittsburg and Buffalo
reposeing g e OF ia29 ., In the
speyer & Co. announce that the ap-5
plieatiFo,ns', for the $1,000 900 first mort;
Louisiana has been SO large that the
subscription list will be closed Nom
day, morning at 10 o'clock.
soy The rush h to exchange Nevada Con-
great to-day and the number OF small
youmes SO great the transfer office
of the Utah Copper Company remained
& open to-day way after closing time.
n New York, March 5.-N1oney on call
nominal; time loans slightly tirmer;
sixty days.ss Ia per cent. and ninety
days, 3 1903 a-4; six months. 8 s7-S S.
Close: Prime mercantile paper. 1-2
al per cent. Sterling exchange firm,
with, actual business In bankers bills
and at s4.s735 for demand. Commer-
#clal bills $4,S4 Id @S4.S4 SD Bar sill
yer, 5083-4. Mexican dollars. 4 1.
RICHMOND STOCK MARKET.
Richmond, Va, March s. 1910.
Il STATE SECURITIES Bid. Asked.
North Carolina As. q. ". I. /. 4 90 " u. II
Virginia IS. Old \, G. " and r., 1892, {. SaIs 30 &
Centuries, go, c. and RI, 1891 Nv. 500 s2si
/. RAILROAD BONDS n q Il 5ss fsi5
81 AL c; II r. r.. Con, TT. & n. Ct. 9s -,
Y e. and o. r. and gA Gent N, 41ss..loa ~.
M M i;S; N 81 r. ! n 3g n Y s