The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-07
STANDARD MAKES
new HIGH RECORD
ATTRACTS ATTENTION As SHOWING
RESULT OF POLICY OF TRUST
BUSTING.
SOME FORTUNES MADE
INSIDERS ENRICHED FOLLOWING
SPLITTING Up or THE COM
rANy-soMETHING To
uApPEN IN STEEL
FORTUNES MADE
e. THOMAS c. sAovWELL.

&FW AotSN. haTCh w. 81 ''h'H "a
Er,e New York Central and Erooh-
.a Rapid Transit and an advance j..
;!,a b:d price of standard on STOCK
n. highest price on record wer'
.aatnres ar the stock market today
no market w3s generally htm
r-rouS hnlt NE session. but standard
.S<1.s showed signs W pr"ht taxing
TOWARD the close The lst "ds"d on,
SD. the undertone was strong to the
.-6 While nobody is wildly "l't;mis-
ss nearly ali we'll informed imam
,i4rs are more hopeful than Tor many
months
standard ou attracted attention
sh.,Hy as An exhibit ot the results ~
.~4s, busting In 1901 the stock sofa
~ ~ bat no, lntii today did II
approach that price again. In the
meantime u mas been down TO "so.
and since the supreme Courts de
c4sio8 against II was handed down,
n has sold at SIS. Insiders have made
fortunes as a result of the splitting up
~ the concern, They. alone. have
known which OF the subsidiaries were
valuable They have refused to make
any public statement OF assets ana
have gone on quietly picking up the
valuable ones until now they seem
- have rounded up the available sup
PLY but those STANDARD oil share
t7ofuers wfo tTeitt tastf to all they TO-
ee}ved have gained along with the
insiders for the record high price is
.fffefeei fer ti4t-s-iti rtt-ak rritts ft4i Its
subsidiaries. The warning issued iii
this column at the time Of the de-
cision regarding the probable market
-s---. tttr- that would bp takru by IN
siders. and the suggestion that none
of the subsidiary interests be dis
posed Of has been justified by events.
The same thing will happen in steel
and the insiders are fortunate in haV
ing To face dissolution The courts
should compel the subsidiary con
Germs of companies srlit up 10 make
complete statements of operations
from organization to the date of dis
solution so that the ordinary share
holder may know what he is getting.
The Standard Oil Cmpanys refuse 10
make such statements.
Troop Order No Surprise.
Positive announcement from Wash =
neton in the afternoon that the gov
eminent would mobilize troops on the
Mexican border again was no sur
prise The action has been expected
for weeks, and the only surprise is at
the delay.
feature Of the day was a series
OF extra dividends, beginning with
Lake Shore and Pittshurg and Lake
Erie. These two are subsidiaries OF
New York Central and Central cross
cd III as they were announced.
The Rubber Goods Manufacturing
Company increased its dividend or
the common stock from 3 per cent
to per cent. Most of this goe.
into the treasury of the United states
Rubber Company as owner OF the
stock. United States Rubber com.
mon stock was put on a 4 per cent
basis six month. ago, and all signs
point TO it's ability to maintain thai
rate indefinitely Having a worldwide
business. the company is not worried
about tariff reform, and having H.
own plantations In the East Indies
IL will soon have its own supply oi
crude rubber.
Central viii Bear Watching.
Election Of w X. Wander ilt Jr
as vice president of the New Yorl
Central Is in line with the announce
ment made here some weeks ago tina
w, X. Vanderbilt. sr. intended TO ge-
to work and put the family back tc
work again in the railroad business
New York Central viii bear watchins
the next few years.
Erie strength encourages tnt
Street to believe there will be no Goa
strike in America. at least in the an
thracite mines. While dealers hav,
not stored much coal. the road.
themselves have piled up vast guam.
titles near the big cities. The Goa
strike In England has been RESPONSE
BILE for much of the surprising rise
in the stocks OF oil companies here
and abroad.
The record OF February failures
was discouraging. especially In the
number of those with liabilities oi
500, 600 or under These numbered
1913 The February failures have
cot been exceeded more than twice
But these are no cause for alarm
Everybody knows business has been
had, and the most failures always
come just after the tide has turned
for the better.
In the Sp-eet Number of shares
sold today. 3$S.&5Iss Year ago, Pa,
a5.e ,ss-s*4's, =, ''S-' ~ }'' E- = -
fIIc ~ bond. soIl