The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-05
AMERICA IS BEST
PLACE TO INVEST
DISTURBANCES IN ENGLAND NOT
REFLECTED ON NEW YORK
MARKET.
NET GAINS RECORDED
rotrTycAL DEVELOPMENTS ALSO
FAVOR Co>sTRtCTINE
SIDE or MAR
THOMAS c. shoTWELL.

NEW YORK. MHrch
ananed firm today and maintS''..@
their strength a. the END nt W"
stn,, Net gains were recorded IN Inost
go. The advance was based on
:, eer,,tne irnprovewcnt Of business ~
.n{s country conTraSt-d with trou"te
- y sa-ions nature elsewhere. i'll was
-o,,nd that here is the only realY
safe Mace IN the world for me ~
,,es.,oent. ~ capital stability oi the
American list IN the face or the great
ast labor disturbance ever known III
England seemed to bear out th's
theory
Political developments ais" hcfpe"
the constructive side or the s'p'N
market. The Roosevelt moVehent
seemed 10 be growing weaker ana the
asnana for an American army In Mex
seo stronger. FinanCiers are PAYNE
r,ore attention to Mexico just no"
shan to the British coal strike, The
reason is that the confident express
sgnrs Of government leaders indicates
"A DISCRIMINATION to see that the strds
Gle Is stopped before there IL trade
paraiys{s The victory already won
hg the british miners points 10 quick
compromise In the negotiations De
tween the PenrsY 1Nahta MIN" opera
TORS and tho men.
Reports Persist.
ryfT774r settle the steel
trtrs, dissolution suit without going
10 trial parsisted although 1T WAS oiIi-
cially denied such reports would nat
urally be denied up to the time that
an agreement vas reached. Many
bankers seem 10 believe there Ia sab-
stautial basis for the report of an
esrly settlement. They base their be-
Hef on the fact that tie trust was
willing To make a read1ustmeht even
before the suit was flied. Political
.--.-t-rtr---fr4s-l-- &-+-t t<.tt,t4ft ~
NOR desirable now 1t would strength
en- Taft 10y showing something accom-
plished 1t would help the trust by
making II less conspicuous IN the cam
paiEn, and thus lessening the risk Of
drastic reform Of the tariff being de-
manded by the people.
In expectation of 4 decision by the
Supreme Court forcing the Reading
Company to segregate, stock OF that
company was "A leader, II got such II
following that the rise held after 1t
became known that no decisions would
be rendered today. The British strike
has resulted In a quiekening of all the
coal properties The soft coalers are
selling extra coal, and the anthracite
companies are finding their market ac-
tive as result of extra supplies being
laid up In fear of strike.
Steel Market Stronger.
fiftSburg reported a stronger tone
in the steel market and some slight
advances in prices are expected. Sears
Rusbuck also gave evidence OF tho
Improvement OF business by reportint
sales OF $i.o2d.31s for February com
pared with sales of s5.4S3,s4S last
year.
ST. Paul made report for January
fully az bad as anybody expected. II
~ apparent that the big people in st
Paul lauidated ON the rise above ie(
and down 10 10. So that row they
ARE in position to take the stock around
these levels in anticipation Of the tim.
two or three wears hence when II
Will bt earning its dividends.
Cause of Improvement.
Much 81 the Improvement In tn,
stock market is due To the passing
OF the money trust investigation as
serious proposition. Ii Is finally real
lied that the movement is purely 30
iitical, and the care being exercised I,
seIfct counsel able to uncover the hat
spots commends itself tn the street
II must be remembered, however, tina
even tiInid counsel IL often forced h,
perserse Witnesses to bring out dam
aging things.
Number Of shares sold today s19..
Ssss year ago. 2hs694
Par value Of bonds sold today. 81.
SuH U9H, a Year ago x2,406 600