The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-11-21
FEAR THAT MORGAN
INJURIES MARKET
BECAUSE FINANCIER TRIppED
in CHURCH RTNoRs ARE
STARTED.
GOULD STOCKS HEAVY
BEARS DISAPPOINTED At MOVE
OF STEEL CORPORATION IN
OPPOSING STANLEY
WORK.
BY THOMAS c. sHoTwELl.


4. Morgan ulpped and tell while
passing the contributions box In ST.
Jeofges church Sunday, the stock
market was irregular All of to-day and
turned heavy in the last hour with
some material losses, particularly in
steel. As the day progressed the
story OF Morgans fail became more
aiie more starting. just before the
market closed II began TO be re-
l'urt"d that he did not trip at all. but
Aeii III stroke OF some kind with
roth in his mouth.
al his Office 1t WAS stated tina, no
merely fipped, and had been attend
iHs 10 business ali day at his library.
Lhs street refused to be reassurad
anu Inc decline III the stock market
WAS Que TO fear that all was not we'll
VITA the great iinancier.
"H-le there Is no reason for be-
.!eFias mat Mr.. Morgants utrtIlers
would receive the public regarding bts
health, the incident makes Wall
street remember how f. FL. Hartman
stpod up ii rev days before his death
"hen ne must have been suffering
HoriaI agony, ana told the newspaper
si',i sefs that ne was perfectly well.
wall street remembers how proni-
1t'ht paihefs VINO knew that Harri-
l'i1u Was eying insisted up TO the last
~. snoi'en. mat ne was In no danger.
me street remembers how tho fa,ai
Illness OF II. ii. Rogers was dtscraa-
tied until almost the moment Of "a,
death vi ms
morgan had personal charge of the
s.oeN market recently. and his health
- more important than dividends or
earnings of the corporations.
Favorable Developments.
~, iaeoFanie Developments were
.ie .ius vance In copper metal and the
sood earnings reported by the rail-
roads for the second week of Maven
oet- All trade reports agree that tn.
copper metal nraket is really better
ana that lis improvement this time
Is not imagination. Consumers seem
70 nave but small stocks on hand. and
they are purchasing more and tnnra
eagerly as the price advances. The
leisE demand continues without
growing AZ
Railroad earnings are runrt,e man
me nigh record in gross. Even with
inc great increases of wages M
companies are able to rcport s,tt
eieht net for all dividend reo,,ire.
Hiehts. Ihey are buying their ma.
terial Tor this winter at much lower
ates than usual and the recent de-
casion OF the new Court of Commerce
mas encouraged the managers TO en-
peet much better treatment nj the
naoos OF the Interstate Commercei
Commission.
Gould Stocks Heavy.
Gould stocks Were heavy. Wabash
IN particular continuing its dncl,na
The decline in Wabash f. easily ac-
counted for by its own reports ar
earnings and its known shortage or |
equipment The company admits that
Al mas no money With which to buy
equipment The banking situation in
connection with the Gould roads is
'saleh That Lac company hssatgtsns ~,
issue equipment trust certificates.
Whiie the road has no direct inter-
ese III the loss OF the contract of the
sSas ana Pacific with the Frisco.
aais.souFi Pacinc will lose more than
han a million yearly by the cans
collation. of the contract. and Wabash
rs sentimentaliy hurt The Street
seems to believe that Frisco affairs
proves that Missouri Pacific manage
neht is not as good as had been
heard.
third Avenue moved TO a new high
record for recent month, crossing 1s
IN expectation OF a decision from the
Court OF Appeals, permitting II to
'eorganize independently Of the pub
hS service commission. The decision
Is expected tomorrow, and If favor
able to Third Avenue. both that com
pany and the Metropolitan will re-
organize Immediately. Il
Bears Disappointed. I,
Bear traders are disappointed at
the move OF the United States Steel
corporation In attempting to stop the
Stanley investigating committee's
Work. which was to have been re-
sumed to-day. r. Y. Lindabury, for
the corporation. opposes the hearing .
on the grounds that the committee {
has no authority to investigate any
corporation against which the gov
eminent has begun suit. Should this
prevail. the bull cam
r'aigners viii have gained an import
ant point because the governments
suit Against the steel trust will be
many months in coming to trial.
The Stanley resolution provides for
The investigation OF violations Of the {
Antitrust act. which Violations have
not been bersecuted. dealt with. or
|Akfui1y disposed OF by the executive
D@cAfN 81 the government" The Ian {
g0a9e OK the resolution seems 10
- - Ecrernnent's suit ASainstl
y