The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-01-05
UNION PACIFIC IS
WORRY TO STREET
SELLING or STOCK THOUGHT RY
SOME TO NE ny THOSE
aINsIDE--
LEHtGH VALLEY IS Up
~arro<A, BISCUIT AND AMERICAN
FOLLOW IT'S LEAD MD
MOVE Up FEN

NEW fctShs sSt$rv--4 - -
hsayv most 81 today sesslph an"
"a, nne time the leaders ranged ho""'
nwa points under Tie high prices 81
,ne morning or Of The pre' ieus eios"'
EXECUTIONS 7,e4e- t,ehieh NaiieE ana
,an preferred with Il lew other 3pt-
$3.50 -~a!4luE Of L Mon Pa
cine WAS ut sam character rs 80
parx the street. }noSl persons De
li.Sins II t1r she account OF insurers
while othefs traced ii 10 - pt"iHa-
ueut stock market ~ indltr uI EoS-
.eIl he nat result OF the day oyer
Aticas, however. Was not AiPo''a'''
fYr H. the lAtc uadiug fal'N car"
raad prices fUaieflaiiE ABOVE NAN ~"
figures OF midday.
neal traction stocks Nere prom
{nent. and the new THIRD avenue stock
SOLD at a new nigh record. The uaa-
ing fraternity H. Nery u5uch impressed
with the otucial figures of the com
,,anv which show nearly ave per cent
earned ON the stock after proNldlhs
for all fixed charges. Negotiations o1
the Interboroush RAPID Transit ION
lsany with tbs city fer an extension
t,f tbs subway system seem To he faN-
nrins the lnteroorough. Al any rate
the insiders are enthusiastic and some
names appear III the street mat have
not been heard since the fractions
were selling at fancy prices IN pre-
ssaratiun for receiNership.
Lehish Valley Is Strong.
Strength OF LehiGh Valley which re-
suited In IL net gain Oh about TWO
points today cncourared brokers' I"
talk more confidently OF the melon
that they hope Is to he cat about Ian
,tary Il. oi1cials OF Lehigh refuse TO
put themselves on record Ithough
they are apparently the only ones who
have not had anything to Say III the
matter The only thing that is"K>
suspicious about the rise In l-ehigh
is that National Biscuit and AIneri
can Can Preferred are acting in the
same way, Under cover of strength
in these three specialties the inter-
ests identified with. them might cas-
sls dispos. Of "A speculative line of
other stocks.
u eakness of Union Pacific was
linked III the public mind with strength
Of Wabash ketnnding bonds These
bonds made a new high record today
when they sold al 81, and the Street
jumped 10 the conclusion that "A
banking house long Identified with ,ns
Union Pacific was probably selling
Union Pacific and reinvesting the
money in Gould securities. This view
was strengthened after the market had
closed hS the announcement that
George Gould had retired as chair
man of TIC board OF the Denver and
Rio Grande and that Il, r. Bush had
succeeded r. r Jeffrey, az president
af that road. As the gains made by
Denver and Rio Grande and especially
the Western Pacific will Ia the next
Year or two h. at the expense of
Union Pacific this change OF invest
meht would he correct In theory.
asaAsr,,sfti~ Fl~nr ffos1k.
In le1al quarters the proposed APP
JntHttnc.t w President Taft of Judge
HECK AS an associates justice nf the
Supreme - urt MAS considered 1t
reason for the heaviness of Union
Pacific. Judge Hook decided against
the Union Pacific in the lower courts
and the railroad interests feel that
mis- presence on the supreme bench
would strengthen the radical forces
IN that body. 1t is not likely. how
ever. that the Supreme Court VIII
overrule the Union Pacific matter
Which has been sci for argument iii
February. The government is so
clearly ia the wrong In that iitipa-
ton that the decision of the lower
court Is generally accepted as final
the supreme Court hearing being
looked upon as a mere Formally,
Retirement of r. II. Gary from the
hoard Of the American Steel Foun-
dries following his retirement from
The Ailis-Chalmers Company leads to
- belief that he VIII abandon all
"ther business connections To devote
MS entire attention to the United
States StSel Corporation.
Copper Increases With Steel.
increase of the tonnage OF the steel
b1sineSs III being followed by a ma
teriai increase OF copper business and
the price of the metal had another
advance to-day. selling up TO IA 3-s
cents a pound. II has been known
Tor some time that the January state
Henf of the Copper Producers Asso-
citation would show a material re-.
duction of metal on hand This re-
port VIII come next week only with
the monthly report of the Steel Trust
which Will show "A material increase
cf orders
Retirement OF Thomas F. RYAN
from the tobacco companies through
the sale of his stock. as announced
sofne time ago. caused cunsidera BILE
CONFUSION. but the stocks seem to be
coming under control again and to-
= Gay II YEAS reported that several very
large blocks OF United Cigar stores
lad changed hands at $500 II share.
Shortly after this report gained cur
rency the stock sold up Ia 2o3 on
Hhe cufh. 1t had been hanging around
-3-. - y. - Is -undeystau that these
fins' transactions In the stock make
II possible 10 go ahead with the re-
organization OF the company that has
been planned for some time.
Number of shares Of stock sold to.
dayr 4ss,sff: Il year ago. 4I2.s5s
Far value OF bonds sold to-day. 81.
WI. 600; year ago, s3.430.000.
New York Money Market