The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-01-20
|||E IS ONE OF
SPECIAL TIES ONLY
Ill1 STOCKS sorS IN MOVEMENT
or REAUINa TOWARD
s THE TOR.
sTCBACCOs ARE SOARING
MONEY! MARKET u HEAVY AND
;ss.ss.... KNOWN MOVEMENTS INnt-
CATE GAIN OFF si-.eoe.eoa
ON THE WEEK.
rCBACCOs ARE SOARING
A. THOMAS G. sAoTWeLL.

BY THOMAS C. SHOT WELL.
NEW YORK, Jslt. h. Ae Wonder
fat specsalsy h..EAsf- iaAk - III sE0-
ar~sx ia wall SIreet coat4nued It's
Il UPWARD swing iooay. 4o@aeeo snare
made The most pronounced GAINS bat
the aul stocks. Union racine, heaa-
Ing, Joined the raoycIHcTls. the tact
named dominating The Als.FE@t az tHe
close OF tn. aaS, 4SeA4s{ al s4oNhs
were strong and ia tue Doua depart
nsent there was also sruaS speculative
activity.
Ihe reason for the activity given by
nearly every enc as tae prospect -
some extra dividend or segregation
piaH for the heaaiiig Iomp<Ay. Inc
&Aycrits plan sea&4 Was - ofsaliaA1ss
unaer one head the various coal conf
pauica nov oM nea by DolA tLe Iseaa-
Ing and this ssssey Central aid o!s-
tr1Oute them as Il bonus - tAe Ecaa-
Ing Stockholders. has coal company
could taAe ownership VI Aou4elIins
like 25v miles OF Ia.aioad track now
( contrpiieo u the Jvisey Central IN
the State OF PenEss wanna, .iAss track
being one OF tAe lAosAl features i+4-
the present system q ownership.
Such q deal would leave the lte@d-
Ing Company owning nothing but inc
Jersey Central trackase 10 lac STATE
OF New Jersey, ana that would not pe
Illegal, but because rfle teaatg44 - g.
time and tue NEW ,CrETy cfS4Ee
" the Jersey 7UuntTz1 HTaev gTTd III
and, and are not parallel ana COM
peting In any SENSE.
Whatever may be the facts III con-
neCIton with the movement, " ah
Street, In general, is cUnN in&@a thar
6peyer * Company have joined ~lsh
The First Natioia. Bank. ana tnG ht0rk
Island Interests, ia making "a uarhet
Tor Reading and favored customers
and assistants OF these Three inter-
est6 are On tne TIsHI size or the fIGaiI-
sng market with LanasGine proAth al
ready stAndir~ 10 tEisir account. Inc
RSautng movement was hS3ped by tAe
strength OF Lehish NaileS To-Day when
II sold ex-diviuend aHa eE-flsnts. ms
short interest has been allowed TO get
out quistiy and u sound market has
been preserved Tor the Issue.
Tobacco STOCKS Bearing.
The TouAcn sLoGi4. ~i.s.4-s I4.-4t.a- san
eational movements the pupl week.
Counting the movement of to-day T..
1crriliard common is W 10 Ia points
Eince SATURDAY CLOSE, and the pre-
serred points, LiaAett a~ myers CON-
mon IL up 70 Ia points. anu the pre-
farFed 6 S-4, while AlaeElGga 19lacHo
preferred is UP 5-s. Those stocks
that remain On the curb market were
4 Cigar stores a. aa4e1ansed although
3f tins manufacturing concerns are go
arg to make Sc mus h money as to aus
tify the refnai haDie aus aI4ee il liz dlf-
ticuit to see how they Wal cash IL II.
without the assistauce Of the cigar
stores among which The United Cigar
Stores Company IL an important FAC
tor.
Activity of the Hill stocks was &C
companied with a revival Of the re-
port that control Of the western Pa
cifie had been secured. strange To
sal this report aid not cause any
alarm in the Union Pacific camp.
Union Pacific advancing along with
she rest Of the market. TAe chief
reason for suspecting inc gehu.nehess
Of the Hlll-N estern Pacific rumor wos
the fact that Denver remained
heavy. II the Hill people take the
Western Pacific ;hey-w7tt probatttJ
take tn eDeRvcr sstors with 1t, anu
when they take 1t CEion Pacific stock
will probably SO into mourning for
season
Union Pacific Not Asleep.
But developments ID Union Pacific
today were such as 10 show that the
system is not going to sleep. j. u.
Farrell. president OF the Oregon
Washington Railroad ana Navigation
Company. aapoanceG thar his section
Of the Union Pacific system viii he
extended from Seattle 10 Vancouver.
THIS will give the Union Pacific sys-
tenn direct line down the Pacific
coast from the greatest city in Can
a9a TO the middle OF Mexico. whence
1t will probably be extended TO Pan
anna, thus furnishing active compe-
titien for the steamships that may
ply on the Pacific coast. All the
steamships In the world will thus con-
tribute To the prosperity of the North
and South Hartman railroad.
Money continued cheap; In fact.
money was heavy and could be bor-
fowed at almost any price ono Was
willing TO pay. known movements OF
money indicate gain Of about S1G,-
Oou. GOO py the focaf banks IN the
weeks movement. With money piling
UP in New York so rapidly ii must
be finding less to do in other parts
OF the country, and it may he that
the business boom is not so extensive
as generally believed However. II
+ must be remembered that the great
tonnage Of steel business. for In
stance, Is being handled at such low
prices that much less money than
ueual Is needed to handle IT, The
volume OF general business done Il,
Snfs tfrie last ysear crt1TSafuefi about
~ mich monT as Is consumed by the
greater volume OF business being done
row. This leaves therefore, most Of
the cash released from crop moving
70 be assembled In New y ork for use
By professional operators in the stock
market. and they ara preparing 10
- nsa III. heroic. sis%@ Of II
In the Street: Mum her or shares
sold today. .Sle; a year ago. 40s,- /
77s. - =
Par raaue OF bonds sold today. s5,-
OSs. GOO; q year ago, sS,4eA SEQ
Il "