The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-05-16
LITTLE STOCKS
TAKE ON life
LED NJ aMERIgAN CAN. "CATs AND
DOCS" MAKE A BRAVE
~ SHOWING.
RAILROADS STILL Up
STRENGTH OF GENERAL MsRkEI
rIE TO PROBABILITY OF
EARLY SETTLEMENT oF
TIRE coat STRIKE
RAILROADS STILL Up
b, THOMAS &. sHoTwEla..

NEW YORK. MAY 1a,--Wall street
had ",ne too market today. A
dozen cute little stocks stuck Up their
nestfs end Gated on tr1c traders tn
watch them do what American tsnu
fsati done. The strange feature cf The
session WAS that they really made a
GRAVE showing, and II their hackers
{ have nerve enough ne ticker tape
will look Ike a harnyard in a few
days Many ~ these little stocks have
merit. gUt tf7e.r are tn thr class that
Wall Street denominstes cats and
dogs. Can having been graduated
from that risss sii the others sre
inspired with A desire To become
standard securities too. Such stocks
usually become active at the end OF
an inward movement In the general
market. bat underlying conditions are
so strong that II lonks as II this year
would furnish an exception.
of the standard stocks To make
good sbowings, Isehfgh Valley and
Canadian Pacific were chief The for
mer went to 1Ts "a. a high record.
When on" adds twentN-stx points TO
repres NJ the coal sales stock recently
given as an extra dividend. Ii puts
I.ehigh aNaS across 900 Judging from
siders think ~ IS cheap at that price.
for they are undoubtedly aceumulat-
ing il
Aceolnpa nsinx Canadian Paclfcs
new high record OF 2sa was report
that ti,f company would start a line ~
fruit steamers from Quebec or Port
land. te Porto RiCo. Two banking
houses were naned "a having taken
between them 100000, Of hondr
ftat-tl4 &4hsid.ara. Company thai Is Ia
Operate the uew line
10 What Strength il Due
The sire myth Of the general market
WAS due IerSeiy - The know ledge on
the part OF bankers. that the anthra
rite miners would come to an agree
ment this week On - four wear con
tract The coal roads win make re
ports of iisnt earnings for Aprt nd
MAY. 1ut June and July will be record
breakers. WITH four wears Of peace
ahead The stockholders of these com
nau}es are feeling pretty good In fact
sc me q them are so enthusiastic that
II is hinted they are trying to bus
control OF Union Pacific. control being
sficat In the open market
Stockholders of coal roads are be-
ginning 10 concentrate their buying on
s+'HHfEtia fNSNHihG HHu dCkaWannA.
The Delaware and Hudson will ba GU.
NJ coal in twenty years, and Erie will
hc near the bottom by that time. That
viii 'eave The other three as masters
Of the situation. The stock market
Will not wait twenty years TO make
an appraisal Of such a condition
The coalers are not the only ones
haing accumulated far Stsei-Trpst
stock and copners are being picked up
at what the insiders consider bargain
prices, The volume of steel tonnage
is at high record. and another adj
vance Of the price IL coming in a
couple of weeks. The dividend for this
YEA is safe with some surplus.
of the coppers. Amaiga mated is the
faXorite There is strong party that
wants 10 liqutdste the Amaigamated
company TO get rid OF the name that
Is souvenir of ruin and bad judg-
ment. II is merely a holding com
pany anyhow, its function being TO
hold Anaconda stock, Anaconda
owning all the properties One prop
-1-sit+af4 -4s-t e-effef ina Ign ma tea
stockholders par In cash or two shares
81 Anaconda for one of Anna Iga mated
al the same time increasing the divi-
.dend Vn Anaconda. so as 10 make the
exchange equal To par In cash,