The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-08-29
MARKET STRICTLY
PROFESSIONAL ONE
hCSpo~ SENDS OVER HIGHER
PRICES AND ROADS REPORT
FAv0RABLy.
PRESSURE A P P L A K ,
r~CrEss,oN AIS AND SPECTATORS
FREEZER TO AWAIT THE otT-
COVE OF ELECTION IN
VERMONT.
PRESSURE AP PIE A r

Nrw YORK August IS Aithous "a
x.assSsrs- sent over higher prices Tor
3rrsr4esn securities and railroads SUB
-ssx~e.a gxwo-ahle reports OF earnings
ss@s@ass aere Supplied today in io~
s.sAsegss vx,auuse. selling was chiefly Gor
-. ses-~zvt ~ professionals. but their
.ssyN~easxs waere Sufficient TO close pra0 =
,ss-agss A. STANDARD issues with net
/ ss,vsss ssss-assrS a point Final prices
xssrs ssas .}ie lowest Of the ses-
xzss,
wssxa-s as sad IL the forenoon there
49, a. -rsr7~a+y * Roout the c3osine
1sr~ssses W re previous day. but pres
.ssT-~ -naaas - appearance again IN the
sssrss~-zss.as with ;5s result that t'e
&sssss> rs ;.~Ee5 heavy
r.s-rsa zzsa@s acre sfmcst snurely
~ Il 7a,,sssss3cclst character A fair
sss.srsss7.s 81 sr.Ary~ existed IN the loan
ss-sgrss @sz- se was Hghter shan on
~sss-esr4 or s--oirs sire belief that
! ssss ss-es.ss ryhaca teas place Ia the
-~e~ssags session hsa been based solely
~ ~lesr,-y covering Today s. decline also
~sssss Saaa as3 the ha5lowness Of such
4sy@1a-ss movements
Mating o., Vermont.
sarge part % ire selling .ate TO-
GER rejected ar tndispositiou ON The
1a-~ ut 1arge professionals to hold Sc
ee-sxIes ever the holiday Many pro-
sssszoaa3s, As well "a other specula-
sess. prefer 70 await The Vermont cleo
s1or result before taking a decided
position In the market, Vermont Is a
reck- ribbed Republican state, but the
existence Of the Bull Moose party
may cut down considerably the ballots
cast for President Taft II such should
j he the case it would be inferred that
other Republican States would cast
less votes for TAFT
All railroad earnings published were
favorable, Missouri Pacific stock held
firm on the announcement that the
road. in June. had been able to re-
duce the deficit for that month by
50. &3o.351, Transactions in the Rock
Island issues were revived by the pub
lication Of july statement showing
an increase OF $500, 600 IN net. after
allowing for taxes Both the stocks
ard bonds of Thu. Rock Island system
1 were strong Tho Chicago. Rock Is
iand and Pacific barely earned the div
ssssnd on its stock last year. but me
excellent condition Of grain in its ter
ritory assures ii Of material expan-
Z sion IN earnings Earnings reported
Nor the third week OF August also
aroEed substantial increases in gross
Guogenheins Favor Advance.
Copper shares were supplied in lib
eral volume throughout the session
AnaiganIated and Utah lost one poin;
each. Gossip in the street had It that
| the Guggenheirns were favorably dis.
posed 10 an advance IN Nevada Con
snlidated and Utah Copper based OF
the larger payments in store for tn
stockholders ~ those two compa
MES
Tobacco shares wsre also weak o.
small sales American Tobacco declin
ed four points TARgett g. Myers los
nearly three points American Snuff
was strong early Ia the day. and nd
vanced TWO points. but ii declined witt
TIRE rt'Ft NJ the tobacco issues ia tn
afternoon
Number Of shares sold TO-DAY. s2T
7o4. against 42o. 246 year ago.
Par value Of bonds sold today. 81.
$4,000. against 1880 coo wear age