The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-12-30
bDKIhG FOR TURN
NTH THE NEW YEAR
Will DECIDE IF TINE ~
RsPE AND THE PRICES
ARE RIGHT.
HE ONE BLUE SPOT
WALL STREET ~ No LONGER AbLE
TO GAUGE CORRECTLY EITHER
THE PAST OR COM
ING YEAR
HE ONE Blue SPO'

NEW YORK. Dec. 2s.-The stock
i y .s,artsa, may be- sand to have setIleo
tsseai for ene impact OF new hotatiuhs
\ xaua IynfnealateIy upon TIT turn OF the
d wear DEMANDS Tor luads tor COM
snercial ana industrial expansion ale
IN gent and the railroads have long
waited for an opportunity to float new
4 1oans strong apIcSlS viii tie mace
Ixr money. he puDilc alone wiz "e
Srfue whether they think The Time ID
I sape ana ihe prices rtsht for sorhe
time past the banAvrs nave '"'le"
ITO arouse pubic interest
There Is arm ground i"r the oeilea
sthat me money RACES ~ih relax that
a 4te In estor Will snow f" oisp"sl ''0A'
q sc re-enaer the market withla the next
Il ten aaAs Utth TINS cnanse OF aLu-
4 xlu.4 1nere should etine nasuraiiy re-
!, neyal III sLeSuaat4ve aItivaty N stochs.
There is much that Is cheerful III
Il the uvmesti SITUATION.
sss wheat Goes Abroad.
yyhea, has moved with unusual free
B tcn. IL ~ esumated mat FUZZY 81
st,t,e. 600 bushels az wheat have oeen
so,u atrt,aa and CLEARED In me pas'
ttye months EsvltsenLe of t1e great Ut
snana from sp4nnels tor raw c3ion ID
Nhvnn by the northern spinners, TAX
fnge of cotton in Inc bni'e~
htn,es hast week OF So, 800 bales, es
cOuapared with 4s.i00 in the CORES
nofsut1g week last year. chicago
sraoe reports say that retailers anu
rtpate BUSINESS will continue good, ane
that traseling men are enthusiastic "a
10 prospects Tor big basin1ss mex
year. pittsburg reports ltseta :,
year pitrshurg reports 'it Ia likely
SHOW
creased tonnage for December oesp'''
heavy shipments"
s1n,nlons frum foreignN bankers re
main unchanged regarding the Balka'
kttuauon. A renewed outbreak is uh
likely.
safes of European securities sine
saentember 30th amount TO 100000.
100. at In Impossible TO accept IN
su,pposition OF European war. 10
day ali the nations live by credltr IN
ub3ect lessons that have come are p
ferr,ble as surely 10 hinder plans 10
Uuch war.
imports Are Large.
We have built up a large creol
balance abroad, which. up to this time
IA has been decidedly unwise 10 VIII
svaw. That the foreigners are hqul
x1atin~ by the free shipments OF the'
nroducts il suggested by the large III
ereases In our imports, these nav
broken all records for the cnrref
ID year.
wall Street has a story that VINE
me supreme court reconvenes on Jan
nary 9Th, ruling will be handed 40"
Dn thu Union pacific Southern Pacit
case. II lis rumored that me onio
B pacific Is ready TO cell to the Soutner
n PACING stockholders Its holdings
fsuutf1ern Pacific stock at supscfit
n 4ion nrice to be agreed upon TX LII
\ t,lan il carried out, there will be u
III Southern Pacific stock on the mA'
y ket for some time to come
The 6luest Spot.
Wan Street 10 the bluest spot IN u
De x.cuntry. too blue. 1t may be, 70 saut
~ correctly the coming year. The Gu
& rent year has marked five-year eye
u from the panic Of iso7--a long perie
~ readjustment has gone through III
shouid normally be followed by
~ra ef prosperity and speculative a.
ttvtfy In the stock marhet'
As market factor, the FuJo 1,
1 vesfigation may he dismissed.
departmens Of Justice has inform'
& - ynuaI yrntermyer that the banks u
evernp. he ! also reminded that u
5s New york clearing house ana the ne
4 york stock exchange are outside u
S romynittee Jurisdiction.
In several cases recently the inte
/ stafe commerce commission has gran
"A increases in railroad rates.