The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-08
STOCKS HIGH, But.
N GOOD POSITION
CHEAT FLOOD IN lsrssIsslPPI VAL
LEY MEANS RECORD YEAR
FOR CROPS.
INVESTIGATIONS OVER
BRAIN AND ENERGY THAT HAVE
BEEN OUT OF BUSINESS FOR
YEARS CAN NOW GET
BACK IN IT.
INVESTIGATIONS OVER
BY THOMAS c. sHoTwELL.

the new w-ei opens with stocks at
the highest level Of the wear and
with some OF the highest prices on
record. the technical condition Is
strong. Thsre Is enough OF a short
interest ant there ARE enough traders
without sto ks at all to furnish an
important ruying power. Nothing
more. therefore. than ordinary re-
actions are expected for some time
The reasons for an advance In the
market are growing stronger with
every week
Most important Of the reasons OF
the week Is the great Hood in the
Mississippi Valley. That food will
do millions OF dollars damage, but
for every dollf-r of damage. 1t does II
will add from 40 to $50 to the value
OF the CROPS This year. Millions of
acres OF farm 'ands are being en-
rsched with the new soil 1t Is eat;,
enough to let the farmers have plenty
OF time TO plant any crop they may
want TO plant this season on the land
that Is now under water. Not only
Ia the flood of immense value bccause
Of fertilization. but Il makes II GER
tain that The land overeowed wifi have
plenty OF moisture for this season
Means Great Crops.
With the unusually well watered
condition OF the soil II IL ar near a
certainty az anything In this world
couif be inst the crops this year wII1
DO the greatest ever known. II Is even
possible that the. cotton crop just
cleaned UP may be exceeded BY the
new one.
These big crops viii mean lower
prices for food. The excessive mes-
ture means an early crop Of hay and
dairy products will feel the Influence
quickly. 1t Is because of the remark
ably fine agricultural outlook that the
important banking interests are not
worried over the troubles that appear
here and there In connection with or
Eaniyed lahor. These labor troubles
are OF but little Importance compar-
ed with the agricultural situation. The
labor men themselves are beginning
10 realize the truth and are displaying
commcndahie good sense In the man
agement OF their affairs. Both soft
and hard caai miners will soon be fully
employed AT advanced wages. The
railway locomotive engineers will also
come to an understanding. People of
the United States have lost patience
with politicians and other ayitators
gress Of prosperity and extremists In
politics and labor who ind no SYM
Iathy anywhere.
Money Rates To Harden.
Planting OF such vast acreage as
America viii put In this year Will re-
auire an unusually large amount of
cash. Therefore. money rates should
harden for several weeks. Hut one
trouble with the United States has
been the vast amount OF idle money
and vaster amount OF unused that has
and vaster amount of unused credit.
When money rates stiffen credit will
he used that has been dormanant
since the panic began. Confidence In
being restored,
For the last 1--WE years the best
brains OF the country and the most
enlightened energy have been barred
from active participation In business
because Of the numerous investiga-
ttona In which the politicians untor-
tunately have the power to compel
honest business men to participate.
Business has been biackmaiied by
the politicians to such an extent that
everybody now recognizes how scan
dalCua the whole affair has been.
There r.. evidence that the Taft ad-
ministra n realiixng the false light
that che - ID Investigations have cast
upon honest attempts at reform. has
decided 10 let the Steel Trust make
terms and settle the dissolution suit
without going through a tedious trial
in the courts. One most significant
thing ID the silence OF Attorney-0en-
eraI Wickersham. who only a few
months ago Was filling tho news
papers with bluster about more than
Q hundred" corporation criminals that
he intended to punish.
Lascna Energy Now utilized.
It u impossible to over-estimate
the value Of the return 40 productive
labor Of the brains and energy vast