The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-14
[I IS STEADY
md ALSO QUIET
STREET. WATTS ron NEWS
SmnM EUROPE BEFORE
ACTING TOO HASTILY.
kOPS AID MATTERS
NkmOADs THAT NEED EQUIP
SMssNT. HOWEVER, MUST GO
8 WITHOUT A. ALI ORDERS
ARE BEHIND HAND. e.
kOPS AID MATTERS
=. TuoM,s G suoTwF1L.

NEW YORK. Nov. 13.--Stocks were
pnx brit quiet today. the volume
tradins being materially less than
y has beer for several days. The
Sliifsg IN the past week has been al
&&xt entirely hv traders who have
*aSc several successful raids on the
III. I'M tbs raid OF Tuesday, how
&Nr. they i0st money and IS re-
ia wers more cautious TO-DAY
E1yhen the professional tradiIg 'F
Eusfnatesi Il Is found that for The
vi FEN days there has been moth
fsare than II nominal market, with
#Hinisnum of actual business The big
<ofle have done notiiiHg but Keep
RNty.s or The traders to SEQ that they
W not 20 too far Ia either direction
"a not likely that anything more
Mr. this " al he tolerated until there
kxas1aa definite announcement- from
IMrDp
#Jf Yves the Improvement In the
lSrnpvan situation that frightened the
fndjng element out of the market
Safay, and enabled the list TO show
normal strength, Some buying
- seen for foreign account, and the
sfeixn exchange rate declined. 1t lis
neibie that within an hour or tive
me time within the next few days
IRE HAY he ii complete reversal ct
I'M i'm Wall Street, for II Is now
1dent that the worst of the balkan
Nils has passed.
Bumper Crops.
THE one thing that sticks out in the
eent stock market is the fact that
hamper crops ami the remarkable
fnfovement Of business have not
IN discounted in the prices of Sc
1tles Professional traders have
III telling one another that the rail-
NxIs need equipment SO badly that
I'M will be compelled TO issue new
curities to get IL, AMI thus the i'm
Uyrmenf of business will be dis
nnfed bs the greater volume OF Sc
e1tfes, and thus II will be Impossible
advance the prices of those now
ned.
Xhis view is incorrect. No mat
afow X badly the railroads want
6tpment. they cannot get 1t inn
&diateiy, for all the railroad equip
INT companies are from FIVE to eight
pnths behind on orders already
I'm. II win be near year before
ear ~. ans important issue rt,f
securities for equipment purposes,
IA though orders are being given
constantly increasing volume every
The conference In progress all day
my at the Rock Island Offices led
~ Street to expect some security
mes. but ii can be stated that the
Rrk Island has no intention OF max
any issues, being fully provided
III NH funds needed for the next
M months.
Has Ordered Equipment.
N6rhe system has ordered equipment
In I'm the market for more, max
the total Of above five million
%Eaars' worth The Southern Pacific
&np1e admit that they are short OF
Taipment. with business now being
lie al tia greatest tonnage rate on
EEOrd SO that heavy equipment or
MN will come in before long from
II the Hartman lines. As stated IN
~ column last week, both Union
Sctfic and New York central are
<&nffss. Important bond issues. but
use are largely for refunding phr-
mes. and in the ease Of the New
MIX Central for further moves In the
4kf,sesale reorganization of the sys-
~.
&a.jtf1e attention was paid to stocks
bl,t =thexe Is high authority
n saying that American Gotten Oh
<1mpany will declare dividend IN
near future The earnings justify
and u director said today that the
liter had simply been postponed
here seems to be something GOOD
S1ninr In United States Rubber. but
E4r more In the way of a good report
than dividend increase,
& there is ne intention of advancing
~ division National Biscuit ad-
Smced ON announcement That the
"a three months have shown an IN
lsksss of fiftcep per cent In gross
Nes, over the sale three months last
Sar.
Doing big Business.
THE company is now. for the first
me, doing business at the rate OF
III a million dollars Il week gross.
nbaeco stocks were ali strong,
{S4abiy United Cigar Stores on the
III, which moved largely because
&4de a bid of l25 for block OF
indicate OF English tobacco men
6h3 THOUSAND shares of the stock.
he stock was not forthcoming az
III price. and If the foreigners want
they viii have To- 60 to she curb
~ Ii.
made exclusively In
I'm column more than a week ago,
M repeated today. to the effect that
#fIecision had been reached by the
Filtration committee that is con-
Mering the demands Of The railroad
Nxineers for advance in wages. re-
S1Ned further confirmation today It
#s stated that the ma jority opinion +
Incurred in by five members Of the
3}nnission, the representatives " the
4lroads, and Of the labor unions both
6agre@iifes AnneHnc e1saent is EXPLOIT /
lin Monday
fThe seiirement Of James Mo- as
Fkkident Of the pennsylvania Rail-
Mad company. caNsen rufnors TO CIR
State Ut IN increase of the dividend
~ Pennsylvania to seven per cent,
EAuse Mr.. McCrea was The chief
Moment Of the increase that some
Ethe directors have wanted TO make
some time.
40.
n Number of Shares Sold.
4NEM- YORK Nnx- i2--Numher II