The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-15

MONEY is AVAILABLE
=. rr.o,.s e sHorwEIdA

NEW YORK. Nov. l4.--Trading WAS
{ on a small scale In Wall street TO-
/ DAY. Strength, however. was display
I "a IN all departments, although Ut
sstIa raiding was seen in Smelling. Ac-
ca,mulation of the best kind Was in
nrorress in American Can. all the
| copper stocks and in a few speciaiies.
Union Pacific and Steel were wen
bought The close Was strong AT aoop'
&4he best prices, but these were no'
much different from the opening Inc
strong opening attracted consideraoie
selling. and the greatest strength was
sern in the first and last half hour
suf the day The market showed evil
&xience OF an intention on the part OF
important interests to prevent any
8aertded movement in either direction.
Conditions are So good IN wall
street lust now. and the money STU
alton in such that II there were any
9rtat activity in the stock market with
an advance of prices, Wall street
would be blamed for taking funds
away from productive business. AS
4 the stock market is the natural guard
! Ian of all business interests, II ID per
fectly logical for 1t to remain auiet
now Advance of the German money
va,e was a slight restraining influence,
I but foreign rates VIII not be cohs,a-
~rca when American affairs are ripe
FOR i movement. Foreigners bought
about forty thousand shares OF Amer
d icau stocks today on balance.
Now on War Basis.
n The big bankers In New YORK kne"
s 4hat the Balkan squAbbie wooid De
adjusted, but the professional 1radefs
md the politicians OF both Europe
and America made the public believe
Efhere was still some doubt Ihe
b sfrength Of British consuls the last
+ few days has been in accordance Win
the understanding OF people IN au-
%thority The Bank OF England makes
~ strong showing in reserves. as does
4 the Bank of France European imam
4 ,ria1 affairs have been adjusted to =
Swar basis. and now that there is to be
4 M great war, money will be available
y Tor business. and there VIII be an ur-
wrnt demand for safe investments,
nuch as are TO he had ia wall Stree'
go nowhere else in the world
with the European war CLOUDS rad
the away, a better demand is spring
ms IN for copper metal. This grow
Inc activity of the market has brought
I'm for consideration again the pro-
! ns,sed merger of the Miami and the
4 1nspfration Copper companies. active
Y Interests in these companies rsIuseo
I u discuss the matter. but negotiations
have been in progress Tor months. IN
nave been in progress for months.
the old Amalgamated CROWD Is pick
ing mn its own stock In the marker
Il n, ! very liberal scale Amalgamated
Iii 81. with a per cent dividend &C
finally being paid and an per cen'
E.A5yidend to come before many months
Hooks attractive.
Buying of Missouri Pacific is also
Nof the highest quality. This is large
H1v becaure of the excellent manage
i 1aent now enjoyed by the road ana
sfha better business now that the Dag
4 crops are beginning. missouri Fa-
j rife is also planning to purchase the
L international and Great Northern.
h President Rritton. of the St Louis
N Eenthwestern. gays that his road Will
& ~ extended TO the Gulf Of Mexico.
|sT WickcrSIiam- May interfere.
Attorney General Wickersham III
II threatening to interfere with one
INF the big railroad deals that has
Il 4sern IN progress for several months.
q that between the Grand Trunk ana
HsAEew Haven. Railroad men 90 not
B Believe that the attorney general viii
u ~ successful.
An advance In Rubber common ex-
n cited rumors of an increase OF the
3lliv!dend. but officials of the company
B aafd Il was due to the fact that IN
Il the first ten months OF 1912 the com
@Dany had done 80 per cent more bus
3nees than in the same ten months
~ last year. The percentage OF pro-
&7lts lis Just as large as 1t was last
Sear, and the earnings for the year
ended March 3Ist. were l1.6 per cent
&un the common stock. The company
= = L.
100, 900 and Its common s6,ooo,ooo
Mstnee then, SO that the percentage
learned on the stock will be just ABOUT
What IL was In the previous year.
Although President Elect wilson
4 n<ates that he has not made up MS
mind regarding an extra session, wan
Street has decided that one Will De
fcaiIed. As all congressional terms
expire on the 4th of March In the odd
wear. and as all terms In the senate
SMa4fat expire in 1918 expire also on
MMarch 4th, Wilson will have his own
Ncpngress for whatever work he may
Mdecide To do al special session II
#eeems to be the opinion OF the most
#practical business men that since the
N1ariff In to be reformed, the work
SsAhon.d be done Immediately. SO as
10 let the public know exactly the
Smethod 10 be pursued and the extent
Npf the reduction to De made.
Number Of shares sold In the street
E4oday. 409554: against 622,770 a year
ago.
Par value Of bonds sold today. ST.
MS. oeo; against s3.fs4,000 a year
Eago.