The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-24
CONSIDER STRIKE
THREAT A BLUFF
Wall STREET PAYS SMALL At
TENTIoN To ENGINEERS
MOVEMENTS.
NEW HIGH RECORDS
WITH LABOR TROUBLES SETTLED
AND CROPS SAFE IMPORTANT
DEVELOPMENTS ARE SOON
EXPECTED.
NEW HIGH RECORDS
mr. THOMAS G. sHoTwELL.

NJ NEW YORK. April 23.--Wali Street
was fight in accepting as q tiaH the
threat OF the chief OF the locomotive
Y engineers TO call a strike and those =,
who bought stocks on that theory
4 were rewarded today with general /
< advance in the market
Now that the principle OF arbitfa- i
: ton has been accepted by the en- |
gineers they will undoubtedly ger !
some advance of wages. The raul /
roads stand where they have from /
the beginning. They are willing to |
pay more If the money can be raised !
TO make the payments All tney /
I want is to have the men join in an I
appeal for higher freight rates, the !
engineers to get half of their advance !
out of the additional freight re-
ceipts.
Another favorable development was i
J the rapid fail OF the floods In some /
parts Of the Middle West. 1t is true
pls has been delayed so that an
early frost next fan will be dan
gerous hut all the acreage of winter
wheat abandoned can be planted In
corn and oats and n Is too soon TO
worry about frost With wheat for
September delivery selling higher
than II ever sold in April the frcst
!, has been fairly we'll discounted. Tbs
crop situation as whole In good ana
there rs every reason for expecting
larger crops than ever.
Rcttcr Times and Better Prices.
With the la Dor troubles settled ana
the crops safe. some important de-
velopments must h. expected In the
financial world. Some Of these are
OF Fundamental Importance and will
fyitike for better times and better
prices. Besides. the boom that is
coming with the Panama Canal is al
uaost ciose enough to be worth dis
counting some. 4 respectable short
interest is entrapped in Steel and
here and there in specialties.
Among the new high records made
today those Of the Vanderbilt issues
attracted much attention. These were
in New York Central. Big Four and
Peoria end Eastern. The stocks rise
rs par: OF the campaign making for
consolidation Of all the Vanderbilt
n lines Other records were IN AmerI-
can Can. which is under influence OF
big earnings and promise Of record
canning season; and Lead. which Is
being advanced by the Rockefeller
! and the Sears. Roebuck. which latter
company reports rapidly growing
sales.
81 Dividend fer Reading.
Movement of Reading was due part
y iy Ia an excellent report Of earnings
+ Of Jersey central. which Reading CON
trolls. heading is also purchased at
all times ly persons who are looking
for a distribution OF assets owner
ship by the Reading of Jersey Central,
( as Jersey Central is now constituted.
ss Illegal Either Jersey Central must
distribute IFS mileage In Pennsylvania
as special dividend. or Reading
must distribute its holding of Jersey
Central stock. The figures of Jersey
Central for March represent the heavy
movement of coal Ia preparation for
the suspension Of labor In the mines.
Other coal roads will make similarly
Z good displays. One report was that
Reading would get an per cent. divi-
dend at the next declaration
y Rubber Stocks Firm.
Report OF the Central Leather Com
pany confirmed the announcement re-
Gently made in this column OF big net
I. Profits for this season. IL is going To
4 be one of the good years for leather.
The report OF the United States Rub
4 her Company. will also be fully as
: good as anybody could hope for. Rub
ber stock was firln.
& Wabash issues were strong. for
WABASH issues, and the bonds made y
material advance. II il understood
that very favorable developments are
- he made public III the near future.
Marine Bonds Firm.
Mercantile Marine bonds were
b xtrons perhaps because they were over
sold on the Titanic disaster. These
marine issues had been prepared for a
-sghjg eanlpaign witch vas TO be started
with the arrival In New York harhor.
~ the Titanic. Counting tho irsur
: slnco the company has not come on. of
4 NJ affair so badly as 70 make II cam
{ ratgn improbable. Unless the COM
& bany Is ted for damages growing out
r Of the charges OF oareiessness In the
matter o. equipment and gross neg.
iect OF duty by responsible officers. the
money loss sill be limited 10 n couple
80 millions by eauippinG he line
4 -~ft-h tife Ioas's HsTa. s,ther ,sifegsfv sr-
iiiarces. ii Will som "s restored 10
The favor Of p public that forgets as
quickly as il becomes enrGged.
- Number Of SHARES sold today $685.
DIS: year ago e74.e35. Par value
ri bonds sold today s2,37l, BOO; year
ago. 3.1a5, 900.