The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-05

He's TAKE TUMBLE
M THOMAS e. sHoTwELL.


NEW YORK. oct. AFTER N
Srnnt opening in the stock mar
today. profit taking made its APP
&fAnce In New York. and then the
ing orders were shifted te London,
10ugh il was perfectly clear that
MY of them were for New York
X0unt. London and Europe really
some stock today. but none of
coi1aeouence. The foreign selling
amounted 10 fully two hundred
neand shares for the week, but
y Ii not so important, because
u Of the stock Is already in New
{rk. and has been delivered as fast
6Npfsi. Not much of the stock will
ne from Europe for delivery next
3ek
Prices, However, tumbled through
! the day, because the selling was
understood until after the close
EkhN market. No other reason could
E4nna gined for European selling ex-,
"a y,trs~ia,it>- WARM the Balkans.
E8refore, rtfnor began raging again,
r troops invaded Turkish territory.
u Eervian minister was recalled
"a Turkey, and treaty of, peace
signed between Italy and TuF''
y to preseye the balance of things
road During the stock market ses-
y nobody knew how much of all
was official, and how much
nnor, and, therefore, the traders
{name SO aewildered that, rather
vi take a chance, they began letting
IN stocks gro. The result was that
market closed at the bottom,
In net losses of a point and more
I6earing in the standard stocks.
High Records Made.
III the early trading many new
III records were made, the most
liable being those In AInalga mated
St. Paul. These two records
IN 10 ureye that -Knckcfciler
NV was working for higher prices.
|iS true that even -s~~e Rocketciiers
hulifsh on copper and whether
N esr not. that parts ctin afford to
\ buIlish on ST. Paul 1t must also
understood that thu
s,pnd.ney of the standard on peo-
y explained in this column a FEW
I'm ago, has reference to the in
STnnruf sispatiofi. IT ~ entirely pos
I'm that those very people may JON
Nv speculative campaign. in the nope
xetting rid of some investments.
y the difference between those pco'
and the Morgan following is, that
Morgan people are taking part III
4 movement toward higher levels,
n 81 belief that 1T Is not speculative,
substantial uplift that viii be
ntained for a long period.
Il Money Rules Easily.
Money ruled easily, the highest
~ ST the day being only 3 per
for loans 10 carry over to Mon
The imports of, gold have about
Rnced losses OF the banks to the
efreasury. Some s2,00e.o00 OF
engaged for import was cam
M today. Further imports can
Esreennaed any time Americans need
money. The Bank of England
y be compelled within Il week or
Il to advance its discount rate.
ZION of the Bank of France in sus-
ding gold payment is considered
but pieases Europe, be-
1Sae of It's conservatism. The money
- prevalent in Europe indicate
|npiete harmony among the great
aI0ns N regard n tire batkHr SIT
|<3On. A European war could not
The worst, do more than give the
Innrtean stock market = temporary
&ak
EARNINGS reported toASA ny t''S 4oi'
Sxas continued the good news OF
jnwing prosperity
a4here was further Indication Of 81
ming advance in the price of meat
ssuew high levels. Because Of the
- failure az last year, cattle were
that were unit for mar
q and the farmers now do not have
||1R.axh cattle ta fattsHL NTH the great
In crop II Will he TWO years be
|SSe meat can be very cheap, but
hin a year it ought to begin to de-
- in price