The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-11-30
TOBACCO AND OIL
QUITE THANKFUL
EACH - PREPARING TO CUT UP
A VERY LARGE AND JUICY
MELON.
PUT UP PARTITIONS
STANDARD OIL Is PREPARING TO
PROMOTE COMPETITION ny
DIVIDING FORMER CON-
MON OFFICERS.
By THOMAS e su(,rwcrn

NEW YORK. Nov. 2s.-Stocks
closed weak at the low priceN with
net losses in nearly all issues Part
OF the selling was due to liquidation
against the holiday. but the action
OF the list was disappointment to
those that have been looking for
higher prices, because there seemed
to be no short contracts of import
ance to be covered. President Taft's
forthcoming message to Congress was
freely discussed. The Street also had
= notion that the report Of the Had
ley Commission on security issues
would BE- made public In the near
future and that 1t would be very
drastic. Tho traction shares showed
strength. because reorganization 10
now apparently assured Scr both
Metropolitan and Third Avenue. To-
bacco shares were also strong.
President Taft did an unusual thing
by making public himself the leading
points In his message. Always in the
past Wall Street has had the mes
sage in advance OF the newspapers
and favored operations have been
able to get some speculative advan-
tage from its possession. BY an
nouncing that the message will deal
chiefly with the trusts. that the tariff
and departmental matters will b
treated in special messages and that
he wants law passed regulating Sc
clrtty issues. President lTaft has
given everybody a square deal In this
matter.
Money went to six per cent. on call
for the first time in months. This had
little influence on the market, be-
cause the advance was due to ar
rangements for paying the very heavy
December interest and dividend
checks.
The United States Steel Corpora
ton gave the public q line on what
part OF its defense will be in the
suit brought by the attorney-generAi
OF the United States. 1t 10 asking all
brokers to report the actual holding
Of stock in order to enable II TO
number its stockholders. There are
more than 10000 stockholders'
names on tho books OF the company.
but many Of these arc broksrA each
Of whom IL trustee for hundreds OF
owners who are either spectators or
who wish to conceal their ownership.
IL the brokers report ~ requested
they will show more steel stock owned
than II In existence. becAuse stocks
borrowed against short sales has two
owners. Tho short interest In steel,
however, ~ IN Ino nAuuD "a ASW
traders so that the discrepancy will
not be large and the l1at obtained
will be fairly reliable.
Governor Emmett O'Neal. Of Ala
bama, issued an amazing document
in the shape OF = statement that he
Is conspiring with other Governors
Of the South to maintain the price
Of cotton NJ fair figure. but hopes
that the attorney-generA will over
look the conspiracy. bscause each
conepirAtor will confine his work ex-
clnsively to his own State.
The plight Of the South 70 exactly
what Governor O'Neal descrtbes. but
the plan for helping the farmers mar
Ike. their cotton as proposed by the
Southern 6aorsrnors -. IN open de-
fiancs Of the Sherman anti-trust law.
Now that laws are going to be en-
forced, even 0ovcrnors cannot be too
careful about advertising themselves
A. connptrators.
Stockholders Of the American To-
hnceu Company Will BE- among the
thankful ones tomorrow. for on Fri
day the books will close for Carrying
out the plan OF the Circuit Court Tor
dissolution OF the company. Accord
ing to prices prevailing to-day TOT
tho securities involved the owner q