The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-01-30
A||D|Bl[I BlCk
% IlkE 1 HAND
fWAIL STREET wDLcoM1U srEn-
DEN o. FAMILY 10 40
h rIvrrr AGAIN.
4 STEEL REPORT BEARISH
NKUMoRED Ill HEALTH OF HAw-
LEY CAUSES cHEsAPEA<E
AND ONO TO SHOW
SOME WEAKNESS.
REPORT BEARISH
BY THOMAS G. sHorwEL.

BY THOMAS G. sHOTWEIL.
NEW YORK. Jan. sS.-Strength OF
rev York Central and weakness OF
= ne Stee, Trust shares were features
Z. q the stock market to-day. other
& stocks we're irregular. moving ner-
" vously down at the opening OF trad
Il ing. then rallying sharply and selling
Il on again at the close on the an
& nouncement of the introduction OF
resolution in Congress to investigate
4 the money trust
Reports from Indianapolis that the
b4tuminous coal miners would surely
4 strike on April also helped the
selling movement. The market closed
With net losses showing In most cases.
\ Strength Of New York Central was
due to q belief that William X. VAN
y derbilt is going to come gack- as
~ railroad man and rehabilitate the
d name OF Vanderbilt. 1t 10 understood
4 ~ Mis- friends that q short time be-
II fore the Aeath of K. II. Hartman he
n vas put in possession OF all the
3 Hartman plans for making the New
II ork Central the holding company OF
Il the Hartman system. 1t is believed
II now that he will attempt to carry
4 these plans into effect 80 far al
h changed conditions seem TO make
SRthem adSfAabie
y Welcomed by Street.
q The idea of Vanderbilt being
Il leader In the railroad world again
4 appeals to the Wall Street magma
stion and professional traders are buy
4 mr. New York Central stock freely.
n What is more important than this Is
i the report that officials OF the New
York Central are aiyo buying It. For
\ several years the New York Central
I has run Itself. being 10 favored by
nature In the matter OF grades And
4 ownership Of the Hudson River and
both sts shores with the best entrance
into New York city has been able
I 20 hold its own. Mr.. Vanderbilt han
U never worked SO hard as In the last
e34w months and being free from the
\ seaIousies that have disrupted rail-
eroad arrangements In the past he can
! 20 ahead with the friendship OF the
the Hartmann. the Nor
sxans and the entire financial COM
immunity.
Aside from the sentimental i'm
Eportance OF vanderbtlt'S return" New
York Central has done splendid
pisce of work In planning its ter
\ minals in New York city 30 that
xShe rental from the lofty buildings
will pay interest on the entire i'm
prosement Pennsylvania New York
CITY terminal is q monument. while
New York Centrars terminal Ii q
snoney maker.
Steel 10 Weak.
@ Weakness OF Steel was due primar-
3ly TO a widespread belief that the
warnings to be published tomorrow for
the quarter ending last December will
show the dividend barely earned. The
street has a surprise coming In regard
10 the export business Of the trust
The attack on the trust by Attorney
Rrandeis. who declares the condition
" steel trust employees worse thar
that Of the slaves before the Con
4 3ederase War. was also unxettlinE.
Tarfn reform talk also contributed
somewhat and steel sold down TO g.
twice during the day and closed there
Another depressing influence was
the official announcement by the st
Z Paul management that little improve
i ment In business was expected Thu
ear. The fact that St Paul Is Il
{ spend 100000 for improvements dix
not help matters for these expendi
& lures are compulsory because of In
n Pacific Coast extension Of the system
and must be made to avoid furthe
8 aosaeS.
Ha~isy Run,er Wsaksns c. 4 o.
III Weakness Of Chesapeake and Obi,
Il shade Wall Street remember agail
Il that Edwin Hawley IL not In robus
heath. Chesapeake and Ohio, fv
! sI,er cent. stock selling at II was
compared by the street with New
q Nork Central a five per cent. stool
4 selling ut Ill. Chesapeake and Obi
has discounted a reduction Of its diyi
uend
Earnings of the Hartman lines TO
December are expected tomorrow o
Wednesday and they viii probabl,
4 show 4 material loss compared witt
\ the same month In the previous year
IN some quarters Union Pacific's los
q estimated at million net Thi
has been an unusually bad winter II
\ the Hartman territory. and the strik
has intsyfcred seriously with opera
alon. The strike II practically over
n but train movements arc tnterfere'
with by bars OF soap that get into tn
engine boilers accidentally and emer!
dust that somehow gets on axies.
81 American Sugar was strong on small
cf4cEs and tina T9nacasa shasEtfs
ga = Nur, me, 1 81 share. .o,d today COS.