The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-03-13
IO|L AND TOBACCO
GOING S } \
Big Increase Made Despite Pend
ing Supreme Court
Decisions.
OUTLOOK IS s.v.L.LIs.H
Traders Believe That Upward
Movement Will BE
Continued.
OUTLOOK is BIu.L, Lls sH
[spccial to .rte mines pIspatch.l

Especial to The Times Dispatch.1
New York. March 2.--The one nota
BILE feature OF to.day's market IN Wall
street was the withdrawal Of selling
orders on the dscin me; l hondo iraa aen
tried TO break the list in Wall Street
the market suddenly became stagnant.
Western Maryland on the exchange
were the strong features. The advance
s in Tobacco was S21 a share. and TINS
brings IT above the price at which II
st ood when original announcement was
made in this column that the Supreme
Court was believed 10 have decided
In favor OF the company. Standard OIL
also advanced. Gains and losses were
vestment circles at the close OF the
day was that the upward movement
would be resumed at once.
between the United States and japan
by Jacob II. schier. the week in Wall
street saw the bear party put to flight.
Toward the end OF the week the
stocks. Tho decisions OF the Supreme
Court OF the United States on tobacco
and oil were forgotten Nothing was
remembered or talked about but the
and the big earnings that are being
reported from day to day by the rail-
roads and industrial corpora tons.
Even the copper industry Is booming.
much to the disgust Of the trust
builders. who. want the Supply OF Wis
iblc metal reduced. The official report
nearly 100000 pounds in the visible
surplus With production OF more
than 100000 pounds daily In America.
Toward Biz Merger.
merger was taken when the Utah Cop.
per Company put its president and
general manager on the board OF the
Nevada Consolidated. OF which 1t has
The strike at Philadelphia caused
some uneasiness on several occasions:
y factor OF strength was the report OF
the government that farmers held
the last crop. They have more than
So.ooo.ooo bushels OF wheat they
held year ago, while corn Is up TO
the past record.
The Hartman lines let 1t be known
that they are coming into the market
for new rolling stock to cost about
orders heretofore made public or
placed. The American Locomotive Com
pany is making out bids for l.loo loco
Railroad equipment companies arc
being flooded with orders and the steel
trust finds business coming in more
rapidly than ever before at this Pc
Rod of the year. These orders By the
railroads arc shown to be justified by
the increased earnings reported. Mo-
table increases reported the past week
Were by Missouri Pacific. Chesapeake
and Ohio and New York Central.
Long Expected Incrense.
New York Central made the long
expected increase OF Its dividend TO
8 per cent. 1t also reported the
greatest number Of loaded cars being
with an actual shortage OF 500 cars
daily. which could be filled II obtain
Tho American Tobacco Company re-
ported net earnings for the past fiscal
year equal to more than 80 per cent.
, on Its common stock.
The curb market was the scene OF
some notable excitement during the
week in oil and rubber stock Decision
OF the British naval department to
use oil In all battleships has attracted
public attention to the speculative
possibility of oil companies. of which
there are many excellent ones before
the pu bic.
Standard Oil advanced sharply to
new high records for the movement.
and the other small companies listed
on tho curb doubled their prices. There
are three OF these stocks. the June,
the May and the California OIL and
Gas The last named Is promoted by
q. New York Stock Exchange house.
Other oil stocks will be brought to
the curb.
~. Gnrnnanv made another sharn adj
gncos M week. and was listed
MnIa1lvon tho curb Itss-wi1, 4 he
.ransfayr.d 10 the New York stock
ESchanGs 1, .ne r,,i. rhhor tr, mt
ltec sSl.gin Ivy ~ - 's'
OF Meatco. m go.
M Tnh anc eu 'ra ,h. sons,
american, : ooalso .,' ,ne set ~ =.
tionals performer on the curb market !,
to-day, the price advanclns 70 4tV
which Is gain OF s2lN 2 snare tol
the day. lnter-Continentai rubber
also advanced to new high record
for the movement, as did Standard OIL
Most active Of the copper stocks
Ohio and Ray Central, Goldheld Con.
fs@,j35 In ti,c Street.
], 4, 80 : usharas said ooss
on1 ~ 49, az "a 30 r9y.i,'
sv4 =, 81 ~ a.