The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-10-04

sible heads of organized labor were
insisting that the government dissolve
the steel trust. 1t is too big for the
LABOR leaders to handle and allies
works are open shop" If it were
Spit into half dozen companies the
labor leaders to handle and allied
these units and force these companies
TO abandon the open shop" The col
lapse of the strike on the Hartman
ilnes shows how hard it is for or
canned labor to combat a nation
woe organization. If the various rail-
ROADS making up the Hartman com
panles were urder independent local
nianagement the strikers might have
dubbed one or more of them at least
into Reorganization of their demands.
put with the entire system standing
nrm the case Of the strikers was hone
less and would have been so even
though the demands made had been
reasonable
Up and Down.
ne stock market started at about
the level of the previous day and ad-
Naheed an average OF point. 1t lost
Va ,'iis anu more, regained it and
iost 1t again before the close. The
tone in the final trading was heavy
me whoie world Of investors seems
! impressed with the view that this rally
~ ohiy for the purpose of distributing
STOCKS taken 10 stop the panic last
week. Inc advances meet more stocks
from investors than the manipulating
FORCES care to take. New Ytrk houses
We're selling a general line of stocks
IN London to-day.
ST. Paul was unaar prass,,r.
throughout the session and went with
IN traction OF the low record es-
tabiished in the collapse Of last week.
mere. Is no official announcement to
account Tor tho decline, but maybe
81 Paul is going to correct, its balance
sheet by an admission that IL has
eleaneo out It's treasury to pay divi-
oen0s OF seven per cent that could
not be paid out of current operating
profits
western L MON set a good example
OUT NOBODY believes that St. Paul has
carried campaign contributions as as
sets in its surplus account as Vest
ern Union did Missouri Pacific is
holding remarkably strong for stock
that Will soon be before the public
with another apology
Rubber Up Two Points--&e---
nfted States Rubber closed at
ahout The best price of the day with
net advance of more than two points,
On Monday of last week II sold at
SO and the closing price to-day
was - a-4.. This advance has not at
tracted any public following, for the
public got enough of rubber two years
ago when the directors promised a
dividend for stock iobbing purposes.
and found that 1t paid better to break
the promise. Directors of the Ameri-
can Beet Sugar are enjoying public
confidence that the Rubber people
might have had in behalf OF their stock,
for the Beet Sugar directors have not
only promised dividend on their COM
mon Stock before the end of this year.
but they will keep their promise.
Railroad reports showed Northern
Pacific with a large decrease. and
Louisville and Nashville with an in
crease. These figures are accounted
for by the disaster to spring wheat
and the bumper cotton crop. Norfolk
and western, Lackawanna and Della
ware and Hudson were three coal roads
TO show good increases for August in
gross.
More gold may he shipped abroad
this week, but that will not matter, for
money is on strike In the United States
and may as well travel a bit while II
Is waiting for the call 70 labor. The
head of one of the big commission
houses In Wall Street to-day COM
planned that his customers had
enough surplus margin In their ac-
counts to buy about 100000 worth
OF stocks. but he could not get them
to buy anything. Most OF tho big COM
mission houses are IN the Same plight.
The big trading IN the market latery
has been done by men who never en-
ter brokers' Office. who do not even
look at ticker.
Number OF shares sold to-day, 44o.-
SIS: year ago. 442.sss.
Par value Of bonds sold to-day, $2.-
$4,000: year ago, $1.s5o.00o.