The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-12-13
DRUG CLERKS WILL
STOP NAUGHTY AIR
ToUTH URt sIEs AND RUBBER
GOODS TO DO srt hts WITH
CIGARS.
TRADING IS REDUCED
HHatGH SPECiaLTIEs ARE FROM
fNEsT LACK OF NEWS
DILLS RESULT OF
SPECULATION
by THOMAS G. sHoTWELL.

NEW YORK. Dec. 12.--Ahsence Of
airy news affecting stocks to-day
checked the advance and reduced the
volume OF trading. Some fractional
Improvement was seen here and
there, but few stocks got above the
high prices recorded Immediately
after the food Of good news which
tame On Monday. The market was
strong nevertheless.
specialties were prominent Sharp
advances We're recorded In National
Biscuit, New York Air-Brake, GEN
erai Electric ana " estern Union
Pacific Telephone. American WOODEN
preferred and American Locomotive
were other specialties ta advance.
United states Rubber was more active
than usual and touched Its previous
high point.
Canadian Pacific opened with
sharp advance, but sold off easily
ON liquidation from Canada
Money continued easter.
Copper Metal moved TO 10 "a.
which is the highest price for more
than "a year At the high price buy
ing was urgent Stul higher quota
tuns are expected. The market for
copper metal has really improved.
but there have been so many specu-
consumers do not seem to- have con-
fidence in ii and have been holding
back. Negotiations are In progress
for further copper mergers and one
may be announced within few days
affecting the Porphyry group. There
ts no evidence yet that the Amalga-
mated intends TO take the Porphyries
into its fold.
Greater Volume Of Orders.
One of the Independent steel com
panies that was prominent In price
cutting early In the summer has
taken greater volume Of orders
thus far In December than ever be-
fore since It's organization for the
same period. This rush of orders
began when the trade learned def
nitely that prices Were to be advanc
ed. The Steel Trust Is also taking
a heavy volume of business, some
estimates being as high as $4,000
tons a day. Even though these orders
are at an advance OF 81 a ton over
those taken in November. they are
stu at such low figures rs to mean
small profits. Other advances are to
be made from time to time in prices
of steel products.
Fluctuations Of the tobacco stocks
are being watched with unusual In
ferest now that the plan is officially
confirmed by the Supreme Court All
the stocks have shown remarka ble
Strength recently, but IN the last two
days there has been evidence Of
liquidation by small people, The In
siders are buying, particularly United
Cigar Stores stock. That company
is to be reorganixed early in the new
year. Some talk Is heard OF the com
pany going into the business Of SELF
ing small articles such as make up
the bulk of the business In drug
stores.
Woe to Tooth Brushes
Such articles are sold at notorious
~ great profit. and with a multitude
of cigar stores competing there will
be a collapse In the prices OF tooth
{, brushes, ,paErulneyE, and rubber. goods
that Will make naughty drug clerks
look sick This would also enable
the Cigar Stores Company to catch
the trade of women who dislike 10
enter stores and buy cigarettes open
".
One Of the mysteries OF Wall Street
u International Mercantile Marine.
The shipping trade has increased
enormously the last two years as all
nations seem 10 be making extra eft
fort to do export business Ships
are engaged months In advance to
their fun ca pacity The International
Mercantile Marine II earning hand
some surplus available for dividends
on Its stock. And yet the common
stock Ia selling at 4 10 and the pre-
ferred Mt II, prices that under or
binary circumstances would fore
shadow receiyership.
Mum her shares sold. $50 900, year
ago. as5.4ss.
Par value OF bonds sold today So
e2T, goo; year ago, si.752 600.