The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-10-06
RUBBER DIVIDEND
ST|RS UP MARKET
CONES AFTER SEVERAL YEARS OF
PROMISES AND AFTER Go
SING TIME.
DAY ENDS WITH RALLY
GENERAL IMPRESSION THAT BIG
INTERESTS WANT QUIET FOR
AwHHLE-COPPER METAL
DAY ENDS WITH RALLY
BY THOMAS c. sHoTwELI..

NEW YORK. Oct 5.-~Expectation
that the United States Rubber Com
pany would put It's stock on per
cent. dividend basis kept the profes
sional element in a state Of heaii-
derment all the session to-day.
The dividend was not announced
Until the stock market had been
eiesed nearly an hour, and 1t was i'm
possible to measure It's effect on tho
market, because. while the rumor of
the coming declaration was current.
few people believed anything would
be done.
The stock merely held its own
throughout the session. Beet Sugar
however. was very strong on addi-
tionai rumQEs OF a dividend soon.
These rumdt1 ara based on fact
The whole market closed strong,
and In the midst of a general rally.
In the early trading an attempt was
ma de in a half hearted way to break
Heading and United States Steel. but
the stock offered was quickly absorb
ed and the selling orders were with
drawn.
Dividend on Rubber.
This dividend on Rubber common
has been promised for several years.
II is understood that the company is
earning now at the rate of II per
cent availahle for dividends on the
common shares. Ii has been earning
more than 10 per cent. on the com
mon stock for three years, at least.
So that i, is in very strong position.
A per cent stock at a looks very
| cheap, Not only are the earnings
large now. but there is every reason
to expect them to increase. Its auto
mobile tire business Is booming. Its
rubber shoe department is good or
bad. according to the weather, but
the other departments are more than
making UP for any light business In
that direction.
The Revere Rubber Company has
proved Il remarkably good purchase.
The price of crude rubber is less than
half what it was three years ago. and
the company has insured constant
supply al low prices. One rumor
yesterday was that 1t had purchased
the Inter Continental. but this lis Of
acially denied, although there is evil
dence that the Inter-Continental has
really changed hands.
Coal Trust suit.
Sales of Reading to-day were ex-
cited by the new suit begun by the
anthracite coal trust. The Attorney
General seems to have started some
thing at last that will succeed. and
with the rates on anthracite coal cut
in two many Independents Will be
able TO come into the market. Lower
prices must necessarily prevail for
coal. and II In 4 commodity tho use
Of which cannot be increased mate
rally by lower prices. Therefore a
reduction Of prices viii all come out
OF net.
The investing public ia always slow
to recognize changes in the funda-
mentals affecting income of a proper
! ~. 30 perhaps the hard coaiers will
resist for some time the undermining
influences that are already at work.
| Insiders are believed TO be slipping
out of their coal stocks as rapidly as
| it IL possible to do so without alarm
ing the general public.
! Want Quiet Market.
| As to tho market in general. there
| is a feeling that II should be held
changes in either direction will be OPP
posed by the Morgan interests. At
| the moment the technical condition
! is such that rallies seem TO be easier
| to bring about than declines, and IL
| is understood that some favorable
news to be made public within a day
or two will justify thes trength he
market displayed to-day,
Some good sales Of copper metal
are being reported. especially for ex-
port The sales are not heavy enough,
however. to make any material dif-
| ference In the fundamental condition
that have killed the market for cop
per shares on the exchange. The
slight improvement In the metal mar
ket made copper stocks a ittlA bit
stronger TODAY.
Atchison was one OF the strong feA-
lures OF the railroad list and crossed
lO4 Pacific Telephone and Tele-
graph and Western Union were also
active.