The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-05-24
ROOSEVELT IS NO
DOGGY" TO STREET
NEAL LEADERS OF THE MARKET
PERSIST IN IGNORING ALL
POLITICS.
SPECIALTIES ACTIVE
AMERICAN TOBACCO AND United
CIGAR STORES ADVANCE THE
LATTER GOING As
HIGH A. 22a.
n, THOMAS c. sHoJwELI..

some SHFG3AftlGS were aGtANF ana NiARF
sharp advan noes today, the stock mar
kef as a whole was quiet, tuf-eo
I States Steel and Union Pacific remain
"a quiet. although both showed small
gain af the close OF the DAY. Ameri-
esn Tobacco sdVaneee more than six
: p1Snfs Industrial Alcohol and Inter
national Paper moved to new high
records. American Can ran up 70
a. and held one point Of the adj
nance seahoard Air Line issues We're
@5rcng for reasons that VIII he given
in this column Saturday
Mail Street seemed 10 hsNA lost
Al fear of Roosevelt II was yum"rt
thai he had agreed 30 work fer re-
peal af the Sherman antitrust ia~
if elected. The fight IN New Jersey
therefore. worried robudN, and the
real leaders n rt7r Tr1ar-f7r. trt'$t~s ~
iprcrine politics.
Mons sitH tne advance II Anclt-
can Tobacco, United cigar stores
stock ran UP sharply. 1t sold At
~. which is the highest price of the
year, II * understood That deal ms
been MADE by which the British
American Tobacco COMPANY and the
Imperial vii mold cigar store s.pc',,
The heatia J4rters OF the tobacco trust
has been transferred by order Of the
nited States Supreme court from the
/ aited States to England, and the
Cigar stores continues =" Wall street
believes. az the reia ling end of the
concern.
industrial Alcohol Advances.
The advance Of Industrial Alcohol
Is due to the earnings which ase
said to he now ~ tho rate of per
cent ON the common stock, The
pistiilers company owns one half Of
the $1,000 Geo Of common stock,
but ehe parent company made little
response today - this movement
fns advance III International Paper
IL the natural iupr ovement ~ trade,
due TO the expired term IF some
Improbable Ions time contracts and
the revival Of general business wrie h
ralls for the use Of great quantities
OF paper
Formal announcement IS made Of
new financing 10 he done by The
4 american Ice company. This at4--
TounEemenf vas made In THIS column
about a week ago, but the details
Fave Vet 10 be made public Sale of
the bond was arranged ut the time
sh.. original announcement was made.
The return IF Charles W Morse has
~ connection whatever with the ro-
cent activity Of American Ice stock
stay out. The company ia very pros
perous and Unless the politicians raid
IL again this summer. the stock will
he considered a very good speculation.
Rubber vas heavy again The
Street does NOT like the new financial
plan Some Of the stock holders are
ch;ectir1s TO II also. Considering all
the charges that Will be created 10y
The new stock issue. the company
will be ia wing o per cen. interest for
the sfo.0eG zoe to he re- sed
Rubber Pays Big Interest.
II this money were raised outside
Of the company this would he an alb
surd price ta nav. on money that can
he Tao for the asking a. ~ per
cent Hut this interest Is 10 he pa d
IT, the stockholders themselves. and
sinee IL IL all in the family. 1t is din
cult 80 see why ANYBODY should care
II II true the plan has hurt Rubber
ax an investment stock, but tn. IN.
steers do not care for that as they