The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-02
MARKET IS PUT Up
BY PROFESSIONALS
MOVEMENT IS FACILITATED ny
LABOR SITUATION AND RAIL
ROAD REPORTS
SUGAR is NOT HURT
BEET STOCK GOES UP A POINT IN
SPITE OF DEMOCRATS DE.
TERMINATION TO RE-
MOVE TARIFF.
BY THOMAS c. sHorweLL.

NEW YORK, March l.-Profession-
- otsf atofs put the market still high
OF IN wall street TO-DAY. The muye-
Ineht was facilitated by postponement
OF settlement OF the British coal
strike. by settlement OF palt OF me
labor diii4cutties at the Lawrence
miiis, and by better railroad reports
than mad been expected. The move
ment Was broaaer than for some days.
ana belief was expI esed In many
quarters that IL was The regular spring
rise.
IL Is being brought home to many
doubters that business is fairly good
In america, despite the uespairing
cries OF organized labor and organ
lied capital. GOOD railroad earnings
IN The East might be explained by the
hard winter and extraordinary ue-
mand for coal, but earnings In the
West are comparatively as good. AS
long rs the British coal strike Is on
The sort coal roaus viii be earning
extra profits through Increased ship
fnsnis to Europe. The fact that the
copi or frarke; remains nrm in the
fa,e of tins strike is further evidence
of the aenuIneness or that market
Copper shares were tirD. but not cola
spieuous Ia toGay market.
Standards Are strong
All The s. tndard shares displayed
vitality. and many of them closed
with materuI net gains. Steel Was
-ula..lllnsnt- gaming all the Dividend and
n quarter ~ cent. more. reneral
Eiet sric was AT one time four points
aLove the tyesious close, Rumors
were heard of new stock issue 10
capitalize It's surplus. i he company
has teen Fought within the Law as
the government interpiets 1t, ana
there lis no eason wns the concern
a 81. t.Ha RI Il
lrgi ouse wtu share In the riRh trade
in store for the electric complains
Use Of eI~&trieity is growing more
"a. isls tnan ANYTHING else In TINS
country The We-ttna house can al
foro to increase It's dividend payments,
ard viii no doubt DO so ms year.
Glowing lis time honored practice
Of isuins on. cial 1enltis Oh news
m4sreiy published, The Aes \ dfk
Central toQay denicd that II would en-
Ter into ecfnl a;itlor fer passenger
business with the lnteitoro3sh ps-
tween tGrlY- second sueet ana Natte
p5siTle Nevertheless, The report as
printea in this column Is True 80
doast IL Is embarrassing 10 rahroaos
to have plans Haae pholc peuia-
tatelY.
T.e is.on CT Democrats in Congress
,o remove the tariff on sugar did not
hurt beet sugar. which rose hofe
than a po.nt. 1he company is under
stood TO haze earned atont 10 Pei
cent on the commas p stock 'as' yea
eompat@d with about IL per cent. the
year before. These great eafnihss
are genuine. and the company mas
good mana gement. but the zig earn
ings are largely The result OF a failure
All Of the beet sugar crop anu.
the. fore. must not be expected every
year. =
IN Connection with the rise OF
American Telephone bond Issue was
rul1ored 10 furnish funds Tor takihs
In seS eYai important Independents lhat
nave been working with The Big com
many for tine, One that wouio
aresably be taken Is the Pas lie fe'e-
phone. Paris MAS represented as oas
ing telephone STOCK.
4 he scheme for valor.zation OF sill
yer received a setback today In
statement against ii by Edwai d Brush,
The leadins American authority on
the metal MIR. Brush is member
nf The Gu :genneira II CUP of hnanciets
ana a.s nave learned tom experience
hat the only safe May for producer
Of anything to do bus ness is TO sell
his product. The Amaigamated Cop
s1sr peapls made some extra money
this las, year by holding their copper
Tor higher prices. but tneF gam was
largely imaginary for the consumers
knew they were holding and refused
10 buy freely last summer. as they
wauid have done II the metal had been
sold M produced. The rise would
have come months before II did, and
the average price would have been
about the same as actually secured,
yaIorixat,oD for silee~ Is an ahsurdity
Thai could not succeed. even though
the American laws were suspended IN
favor of the plan as they were In the
ctffee plot.
Canada regrets its vote on recipro-
city already and some sentiment In
the wheat provinces favors splitting
the country into two parts. Canada
Is Two countries now commercially and
In sentiment.
In the Street: Number of shares
sold today, 4oe.o7s: year ago,
SOS, 500.
Par value OF bonds sold today. So