The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-01-18
CENTRAL PLANS
TO GET HARLEM
oFTEns TEMPTING INvEsTMENT'
WHICH snoUi.D HRINs TT
THE STOCK.
PACtFlCS ON THE ALERT
ROADS MUST HAVE ATLANTIC TER
wrNALs on CONNECTIONS
IN ORDER TO COMPETE
WITH CANAL.
nv THOMAS C. sHorwEBhs

and n new nfHh EeCcrH ioi ''" ''''
nent In Western Union movements
In the stock market today were with
out significance 1ehieh Valley and
Reading were firm throughout the
session, but displayed little ANNA
ton. The insiders are still talking
about squeezing the shorts in LehiSh
Valley, but may think better OF ~
when they consider the possible con-
seouepces Lehigh 10 too good
stock to he assassinated.
New York Central announced or.
Acial,y today its much discussed rail
order. The volume is 10000 tons,
A rurored early In the week Cen
trail also announced that 1t would
huy New York and Harlem stock at
xI7s a share, and cell to the ven
derp Of the year 4 per cent. deben-
suree At "a New York and HsE-
lem stock yislds ~ per cent under
the Central's guarantee. Ar1 by re-
investing In the debentures the hold
srs will get 1871 per cant Under
these terms the stock will undouot-
4 edly ali come TO Centrars treasury.
Owners may take the cash II they
prefer.
Professional traders are talking
about New York Central more than
they are buying It. f. II. Hartman
3 had planned to get control OF New
York Central and use it A. tn. hold
inx company for his cnaan to ocean
raitYpAd Hartman realized that
when the Panama Canal was An
tshed It would be absolutely neces-
sary for every Pacific coast railroad
gystem to control fts counterpart on
tho Atlantic eeaboard His pro-
- n
vas an act in self defense. and Wall
stree, IL now talking on a revival
~ that p,an II Ia certain that
something must be done by all the
Western railroads either by actual
purchase or by copper riveted traf-
Ne contracts
tx,ppers Boost War Talk.
Copper by the way-.s- hating
around l4l-2 cents Trade reports
from Europe indicate that the gov
ernments are among the heavy buy
ers OF the metal. This fact is given
hy alarunists ~ a reason for ex.
Meeting war as soon as the weather
moderator with most of Europe
buried In snow. there lis no use de-
e}aring war. If this report is true.
The huying movement in copper must
be- near an end for the metal tina,
has zone out OF stocks IL sutficient for
ali the wars that Europe can imag-
inc.
Strength Of hpper metal has set
exnert. fiwurjnrton storks OF leading
companies that lean produce at low
cos. One aufhaf.,x has fgurAd them
on, on tho amokttzation nan. using
as his factors The proved tonnage
metallic contents and life OF the
mine. based on nlans made for op-
Grazing md has given VIA, onph, IN
5 he tho ac,uaI rr.arke, prtce If the
stocks hapad nm var,o,x pricas for
conner metal There ~ a free mar
Ike, far conner metal a, I412 cents
,ust now and a. "a cents a mound
Jftab cnnrar "a given a va1u. Of ans
share with ltfe of th,rty-xeven
ysar. Na,aaa rorsc,;dstad so4gna
,h,rtv xears ., ,ifa M,,n,i sa4 and
.svan,een wears. chin, ss4 and thir-
-. 49,, va pav ,,o,.ot,aated sax
sno ,ws,,1.si, vaar.s ~ Itfa These
sn,,ra. -, ~. ~. conr.r .,ocL.
~ Low. ,,'ay from o,sco1n,,np
~, . -. ..,.,
~, co., ,.1~rnra,t,, a,,oo,rc.a 70
s,tln -, ~ charnn ,,snt E,ay.
ds,,sn- =, - 80, "a, ,,,,,s ,nauenn.
- ~ $50, r. ,r,,s, !. oner
"o -, on - can.ct,,,
a.
~. 49,. r,tna ~. oa,
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.l. .a, e 49, Y..."' 80,
49, 49, -. 80
It, ,,,a a's. s,ao,. e. sS !.
.s 'I in r.s,raI u.a- so,da-s
$50 .,s 80 49,.
s,..;n ,~ s.s,r,h,,,ta. -.
pa.a,r -, Isx.a,, 800, .,e.t =.
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80 pAas,r sa.,,tra,ta 80
.,s~,. go, =, ,,',anr =,
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a, -. ~ 4, 80 - -. - :,
" 80 -. -
a'n y, ~. $3.50 .'''e'
n.,. ~ 80,
wy 70. ~,
~ . 80.
80 po"''.on ~ iAs
s". no i"p'o'F 'h"" ""' vi 'he
'ne ,aIe VI. 40 org "as 70 Sd.
u' I'.,.ihe PINS e"o 'p..e' pui "a
y. lle -'.o' 's "