The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-25
MANY CONDITIONS
UNSETTLE MARKET
RECIPROCITY SETTLEMENT rs ONE
OF THE CAUSES OF InREG-
ULARITY.
TRACTION STOCK QUIET
LOCAL EXPRESSES WILL SOON DE
AN INNOVATION ON LIVES
USING GRAND CEN
TRIAL STATION.


NEW YORK. July 24.--Stocks were
irregular to-day but that was a
natural result of successful finish
OF the fight FOR reciprocity. Besides
tnere was some doubt as to whether
me government would appeal the
Union Pacific-S Southern Pacific case.
1T any appeal is taken in this mat
ter the proposal to serregate Assets
OF the Union Pacific will have TO he
postponed again, Some people also
imagined that the Stanley investiga-
sion was on the point Of discovering
something in connection with the steel
corporation. Then there was the
trouble in Morocco and the unsettled
London market
Cotton went tum bling again TO new
low records and grain was weak. At
the same time International Earves-
ter stock was strong. The rise OF
the crops in America is only limited
by the amount OF harvesting ma
chinery that can be purchased by
the farmers and the stock of this
company Is destined to be a haro-
moeeter Of the agricultural situation
Bethlehem Steel was another stock
to show considerable animation and
strength. At one time It was 9
points above the figures Of last week
From all parts Of the Agricultural
section came reports OF generous
rains over Sunday. The first result
OF this was break OF cents
hushel in corn. If IT had not been
for this good news from the farms
the profit taking OF yesterday would
have been much more extensive in
the stock market.
Traction Stocks Quiet.
Traction stocks distinguished them
selves by being extremely quiet. Both
Brooklyn Rapid Transit and Inter
boro- metropolitan were strong be-
cause the first has secured the con-
tract to build the subway extensions
and the second will he bidder for
their operation. American Ice was
conspicuous because OF Its complete
disappearance from the trading list.
The stocks of the chemical companies
disa appointed the street because they
failed 10 show strength when the
price of cotton oil broke TO new
low record for the year.
Pennsylvania directors have decid-
ed TO expend about two million dol
lars altering the Central station at
Thirty-fourth street. SO as TO make
Ii real station The thing is 30 vast
as II stands that when passenger
gets In under its roof he needs O
cab 10 reach the railroad. The rail-
road company will also. it is un-
derstood. cover what open space is
left after the postoffice is finished.
with left buildings.
New York Central is finding loft
buildings very profitable. Some have
already been constructed over Cen
trails right of way north OF Forty
second street and they are paying
10 per cent. on the cost. New York
Central has finally decided TO put up
a twenty three story hotel to be called
the New Amsterdam. There is also
talk OF vast hall TO take the place
of Madison Square Garden, but the
hotel plans are ready for inspection
by contractors The New Haven rail-
road is paying half the cost.
Local Expresses.
And remarkable Improvement plan
ed by the roads using the Grand
Central station is In the shape of
local expresses There are some
thing entirely new In railroading and
will be tried pat in two years. or
when the Forty second street ternf-
nal is finished. A train will be made
up, for instance, for White Plains,
tho cars that will not stop until they
reach White Plains Will be at the
head OF the train. Behind them Wilt
come in turn cars destined for sta
tons between New York and White
Plains. A motorman will be In
separate stations. The train leaves
New York and proceeds to White
Plains without stopping, but Al the
station is approached. to which the
rear car iA assigned. that. ear WILL be
uncoupled while In full flight. It's
mortorman will pilot II onto q local
track, and IT will proceed to IT'S. frs;
stop. then on to White Plains as a
local. AT each other station on the
line q section of the train will ua-
couple itself and finally the forward
cars will reach White Plains with
out having stopped. Thus each sta
ton along the line will have Its ex-
press. At first II was thought that
this operation would be reversed In
making UP train, but the danger
of collision would be too great Per-
sons living along the lines of the
New York Central and the New Hav-
en- will be amply rewarded in few
years for all the Inconvenience they
are suffering now.
Underwood Typewriter stock is be-
ing purchased again by the same in
terests that carried 1t UP from IS to
Ill. The Underwood Company is
making very large earnings, and the
insiders are not at all worried over
the disa pproval OF the rise in the stock
that has! been expressed by persons
who fail to appreciate It's value. 1T Is
no stock for a margin trader. but II
has considerable investment value
Money Market. -~
NEW YORK. July 24.y~-There was