The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-16
VIOLENT ADVANCE
IS LED BY ERIE
AMALcAMlATED coPPER AND UNION
PACIFIC ARE ALSO WELL
Up IN THE LIST.
REACTS, BUT IS FIRM
ILLINOIS CENTRAL Is THE ONLY
WEAK FEATURE OF DAY AND.
SELLS DOwy--BIG CROPS
LOOKED FOR.
(By THOMAS c. sHoTWELr.,

NEW YORK, March 15.-After an
other violent advance, led by Erie.
Amalsamnted Copper and Union Pa.
cific. the stock market reacted In tne
/ last hour today. 1t closed quiet and
hrn, about point under the beet
figures Of the day. Illinois Central was
the only really weak feature and that
issue was sold down eoints because
OF reduced earnings that seem to
threaten the dividend. Insiders say
the condition can be only temporary.
Grain weakened and general crop
news was inspiring. Business and po-
Htical AFFAIRS showed material I'M
proyement overnight The dis,ur-
Dances in Organized labor are depior-
ed. but not considered important
enough to offset the good conditions
elsewhere.
The important thing about the mar
ket just now seems to be the integrity
OF the move In Erie. There can no
longer be any doubt - to the better
ment of Erie Affairs. IT b emerging
from Its long period OF unofficial re-
ceiv ership in line shape. There may
be deals under way, but the real foun-
dalton OF the remarkable strength OF
the stock probably il the improved
physical condition OF the property
Bankers do not deny that there is a
pool IN the common shares, but they
say the specific reason for the pool
IL the important thing and they re-
fuse to give that.
Erie Gets Boost.
Semi official infor nation was forth
coming today to the effect that Inn
portant plans are maturing In regard
to Erie, although they do not include
an yparticular deal or the Immediate
nm M v1y sSf 6tx-tA a.
to be put back into the property for
several years just as Hartman put
them back into Southern Pacific.
while II rose from 10 to par. This
Information was eagerly seized by
the stock market and Erie rose nearly
two points In less than an hour to
IS. which il the hieheet price since
thu rise was that II excited no liquida-
ton. The Street is beginning 10 be-
lieve that there Is really something
more in Erie and the general market
than mere pool operations.
Action OF AmalEamated Copper was
evidence of extreme confidence on the
pair OF tho copper people. the neces-
stiles OF the railroads are such that
early purchases must be made, and
the low prices Of material VIII induce
the roads to buy heavily. They run
no risk of less In doing so for there
In shortage already OF equipment,
and the crop outlook Is surprisingly
good.
Expect BIG Crops.
Experts who have been making pre-
limipary Investigations, find that tho
increases OF acreage OF all crops
planned Tor this &easofs il n reccEd
breaker. Two Western States, for In
stance, that yielded e0,000.000 bushels
- - hal
down by the dry weather. have 30
increased their acreage that this year.
with only aver age yield per acre. viii
give those two States 1sS.o00.0o0 bush
els. Plans for greater corn and spring
wheat fields have been inspired by the
hieh prices Of grain. The increase
OF acreage In so large that It Will moro
than. make up. for any possible LOSE
through bad weather. Big crops are
assured. The only doubt II a. 70
whether they viii be bumper crops.
Argentina ha- already started to
shin her corn crr~ q month ahead OF
it's expected appearance. and that
country has produced In tho Harvest
lust being gathered 22S.O00.000 bushels
~ corn. against plain 27.00o.00o the
season before. A season Of oountifui
crons IL batting the earth and unless
there are sunspots or volcanoes ana
earthquakes. the. year promises TO %
ia sharp contrast with lAsf wear.
Reputation, bv name OF Theodore
Roosevelt. by the Union League Ciue.
IA New York. failure Of the jury TO
agree In the isathtub case, and further
evidence OF peace In the American coal
f,elds were viewed with satisfaction.
Number OF shares sold today, 49,
sb1: year ago. 1890.
Par value Of bonds SOLD to-day, Vs.
537. 900; o year ago. $4,000.