The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-09-05
|IuCk MARKET
ACTIVE EARLY
sYoWARDs CLOSE or SESSION TRAD
ixs crows DILL As PRICES
|s HARDEN.
.-----G@-saz-----'s
NO NEW AC COUNT 5
\ soNsEsstTfsE ELEMENT FINDS
soNssDERABLE COMFORT IN
DEMOCRATIC vorE IN
VERMONT.

NEW YORK. Sept. 1.-THE stock
market was more active early TO-
day. but after the early trading grew
q dalf as prices hardened Many OF the
: Enmmlss1Gn- hnnsex- renartnA -l44-l44
zsTease in orders. hut practically none
of them reported any new accounts.
and on the whole. she market was
Il ms professional as it has been on
recent DAYS,
Opening prices were somewha Ir-
regular, and during the early trading
quota tions sagged OFF with the great
est declines scored in the speeialties
I Tim results uf yesterdays election in
Vermont were generally INTERPRETED
ss presaging the elimination Of Prest--
# dent Taft from the presidential race.
and while Buil AooserS went even
further and asserted that the full
strength of the colonel was not dis
closed IN yesterdays election for gov
efnor. the conservative element in
Hssu out OF Wall street sennd con-
siderable comfort In the SIZE of the
Democratic vote east. They argue
from this that the colonel In No
I MEMBER Is not likely to make much
of an impression upon the solid pha-
ianxes OF Il united Democracy.
No Rush Ia sell.
s However, there was no rush 81 cut
Aiders to sell securities this morn
ing as the result of YESTERDAYS re-
Enats. and this rather diseoGra lseI
4 ihuse bear operators who had sold
short yesterday on the assumption
that such selling might be pFeeipi-
Jafed this morning. Because IL WAS
I not therefore, they were prompted
y " cover. and the demand for stocks
1 thar resulted caused partial re-
cnvery from the low levels of late
yesterday afternoon. In the final
/. Trading. however the tnne turned
easier again. and closing prices were
mot far from yesterdays. with gains
and losses about evenly divided
That shorts could he so easily run
n1ent for the thinness of the current
market.
Foreign Markets Affected.
The foreign markets were unfavor-
ably affeeted by the early heasiness
here. though Americans In London
discovered befores the close on cover
( ing. The horne departments how
4 eyer. were depressed by the decline
In consois, which closed at the lowest.
French rentes also declined sharply in
/ Paris.
Among the favorable developments
of the day were number Of good
I traffic and loading reports, and the
announcement OF higher iron and steel
prices. The governments weekly
weather report showed favorahl. con-
ditlons In the corn and spring wheat
kelts. but lack Of rain In the cot
ton belt. Wheat was steady In face
of heavy receipts on reports Of frost
from the Canadian Northwest. Cot
ton was strong on further reports OF
! hot. dry weather damage, and little
prospect of early precipitation. Liver
pool cables became strong during the
early trading here.
The preliminary figures Of st. Paulfs
and Puget Sounds July traffics show
good Increases In net. ST. Paufs
gross business expanded $4,000 over
year ago. and Puget Sounds $780,
900. St Paui's net increased s599,-
600. and Puget Sounds 100000. Mis-
xaufa Paeifie's August return shows
an Increase in gross of s673,Tsa, and
Cotton Belts an Increase Of sf23, 600.
louisville reported an increase in
gross OF s2i4.4aT for July. but de-
crease in net of s12s.ss6.
Record Movement OF Cars.
The New York Central and the
Burlington reported a record move
ment at loaded cars during August.
The Atchison also reported q heavy
Increase In the number Of loads NOV
I'd along its lines. Generally speak
ing. however, the traaa-continentals
we're still under the Influence Of the
Suspension Of the intermountain rates
BY the Commerce commission.