The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-05-21
MARKET IS DULL
AND IRREGULAR
tEHIGH VALLEY, RtBBER AND
HARVESTER STOCKS MAKE
NEW HIGH RECORDS.
TRADER s II OIL ID OFF
WALL STREET COMES TO CoNCLV-
SION THAT MORGAN PARTY u
BACK OF THEODORE
ROOSEVELT.
TRADERS OIL ID OFF
By THOMAS c. sHoTwELL.


NEW YORK. May 1o.-aithoush
few stocks made new high reocra9
today, the market was dull and irres-
,lar az whole The records were
made in I.ehigh VALLEY, Rubber ana
Harvester Steel. Union PaclAo aof
Reading were heavy
Perhaps some traders held OF,
We q 4t44F4e 10 hear fet4:f4 t44iit4 bee
making further commitments Al
ether restraining influence was ~
sc neral belief that the supreme confi
viii announce the coal trust decision
~ asx; 2loadaS.- and siilI another vas
tne slit AGAINST the coffee trust. A
proof Of the trend Of the market, tAe
day was without importance
Wall Street has come to the con-
elnsion that the Morgan party is back
II Roosevelt and therefore doesn't
fear him. Even his enemies say he
woald he Dig bull card for the stock
market and most Of the opposition Is
based ON the third term principle.
Therefore. the stock market hrs
nothing 10 fear from politics The btg
operators appreciate the fac that
uauy persons are nervous over pol
tiles, and will therefore stand to PICK
up. from time to time. stocks steri-
high political winds such as tomorrow
promises to be in Ohio.
Suit ia the coffee trust was difIicGl
~ diagnose AS market influence. II
Tloves the integrity If the government
ia its attacks on persons WIN" t,'-
late the sherman law but Il seems
destined to ALLEVIATE stii more Oauh-
ors from the administration. The "ot-
fee trus. is the strongest and most
openly managed of all the o,aspira-
cies tn restraint of trade It has sur
viyed because The bankers concerned
ir it n aintsin that by taking ia some
IL tIgn pos er as . paitncr. Icy an
80 things In the United States that
8 would he Illegal for American citt-
Gems 10 do BY themselves. Brazil hts
tiaze ~ detied the United states in
I'm matter Of the coffee corner. ara
has an artificial price for coffee. The
immunity Of the coffe trust has been
q scandal for months
Need No Explanation.
The new high records need little
explanation I.eh!E., VALLEY is like
Reading and must advance If il is
To be appraised by the same stand
ard as other coal owning railroads
Ice continues to reflect the specula-
tive activity Of bankers concerned IN
bringing out the new bond issue.
Rubber Vas ZIP because of the prupo =,
sittou 10 Vote at the annual meeting
tomorrow on bond issue to take
care Of the plantation Of rubber trees
the company has planted on the island
Of Sumatra. Il may also interest the
public 10 know that the bankers. who
are To see that tho new bond issue
II sota to ist16d Ttt3tat1tuft-. have re-
ceived Il call on Il block OF the com
KS orb ff THAR
obligation being net 10 sell 1t fer Iess
than certain specified figure. The
figure specified is materially above the
high price touched to-day.
Harvester Looks Coed
Harvester continued to prove the
faith of its chief shareholders in cleo
tion of Roosevelt who has been listed
as a Harvester asset. The promise
Of record crops this year Will give the
Harvester company IA remarkable
Volume Of Gales. so that ii seems To
he certain of prosperity regardless
of politics. The dissolution suit can
do itsno harm of Importance, for the
company makes most OF the machine
~ that the farmers have. And. be
sides, If desolved. the only condition
The public Will be able 20 notice. VIII
be the advance in prices to cover the
cost Of the litigation. Purchasers Of
tFt aft busy {4bN pay iiiB the itSdl en-
penses Of the Standard Oil company.
Copper Sells Heavy.
Heavy sales Of copper metal II
IS = cents a pound aud settlement
OF tho anthracite labor dispute for
-four years went without celebration
parity because they were expected.
There has been no danger Of Il coal
strike at any time. and as It result
no short interest hac to cover on the
official announcement. But there arc
some very important developments in
he railroad world that will be made
isf;htie IN the near future in this cot
unln. Some deals OF Stupendous i'm
portauee have been waiting until the
SaHsS Nit4ssiffs ftsd slgt.eu atf As4G thn
-Grop situation 3.eeame good that
its excellence could not be disputed
That time has about arrived. 1T is
believed that these developments will
Justify ali that has been done in the
boosting Of stock prices