The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-06
BIG CROPS WHAT
THE STREET WANTS
IF 1T GETS THOSE, 1T WILL NOT
DE FOUND WORRYING
ABOUT POLITICS.
STOCKS ARE ACTIVE
SOME REAL BUYING FOR INVEST
MENr But MOST OF IT
DONE BY PROBES
SIGNALS.
STOCKS ARE ACTIVE
IN, THOMAS c.

I'm fttAtFk&tS ~ JOAN
NEW YORK, March o.-stocks
ware active and strong today. n the
trading was more widely distrloutsu
than for some time. C~onsideTaoie
confidence was expressed IN the
seasonal return of business. me
having Of stocks was chiefly PROBES
sional, and ,ery largely consisted q
short covering. but there was some
RAJ buying for investment.
United states Steel was up Two
ra4lnts and seemed to lend color 10
the report Of a movement To se'''e
the government suit without gong 70
trial. The points at issue nave peen
50 clearly defined in other ahtl-uFust
litigation that the steel case seef'iS
Ia demand the services of expert &C
countants rather than OF judges. Inc
great n TO both sides IN an
early disposition Of the suit Is the
chief reason TOR believing the oflel1al
report OF a settlement is based on
something substantial.
Of definite news affecting the mar
ket there was none untlt the "h"
~ the conference between the an
,tbractte miners and the operators n
ana announcement was MADE OF -
lection Of the miners demands. ltAS
was naturally expected at the AHs'
conference. The operators ha'ufa'tH
want to make some show or ppposi~
ton. so they mas get a fe" con
cesSjons. II is net likely that either
-Ft --fttttttt
10 conditions as to jump into Il hght
thar would mean only loss To ooth.
The announcement of the operators
refusal was made so late that II had
no time to make much impression on
tho market. even ii wetghty enough
10 do SO.
Erie Attracts Attention.
Erie attracted much attention, the
TOR real 4f-Asi~
ment. The company has oetalhed
tuTTvgh rI11Yey 10 finnish 1ts uoubfe-
track to Chicago. The road always
has been a big money maker. Il has
been smethered under a heavy capt
talIzation that IL has never before
been able to finance itself at the prop
or times 10 take advantage OF bust
nesS. Il is one road to which pas
seneer traffic Is a real handicap. The
business out OF Ne" YORK
city barely PAYS the expense OF hand
ling il, and has In the past blocked
the movement Of freight during the
busiest hours night II morning.
With the ertra tracks this trouble
is largely done away with.
- lElDl aHlilt d3lI +fAh1%S1fhHt~
Copper were purchased by n speeu-
lative interest that has at times had
much to do with the market. 1t has
been rumored that considerable money
has been withdrawn from Europe
where 1t had been loaned with the
idea Of using ii in the local stock
market. The result OF his shifting
OF money Will be that the loan item
OF the banks viii not show as much OF
an expansion from week to week as
the rise In the market would seem
TO make necessary.
Pennsv in Fine Shape.
Although the great mass of Penn
~sylvania stock was stirred, but little
with the annual statement, It has
much influence on other issues. TIM
great railroad which is n OF the few
with n dollar Of real capital invest
ed for every dollar Of securities out
standing. earned more than its fixed
charges from other Investments than
railroad operations. The company Is
one of the few that has not made
noisy opposition to every reform s1g-
gested in business method. The fact
tina ii ha done so Well is a matter
of general surprise. Railroad earn.
ings for January NJ February are
all bad, but considering the remark
ably Dad weathr they are really bet
ter than were expected. The bad
weather has forced the general pub
lie To purchase more clothes. food,
rubber shoes and so forth. than the
normal. II has forced farmers 10
feed mere corn and the high price OF
corn IL the natural cult The contin-
uing bad weather in the South is in
terfering with spring planting. and
cotton has one or another boom.
But all his moisture is Il promise OF
big crops for the years. Given big
crops Wal STREET vii not worry much
about politics.