The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-15
intend THE GAME
md NEGLECT WAR
5NANcIAL COMMUNITY OF THE
EMITTED STATES LEAVES THE
STOCK MARKET.
-~----------
IONDON IS FRANTIC
PROTEST AGN NST
THE yTKKSEE TSr-N urN 4 ---
PANIC AMONG WALL
STREET LEADERS
IONDON IS FRANTIC
Nv THOMAS c saoTwELL


EHports from Europe Of the signing OF
~ treaty of peace between Turkey
ind Italy Kept Wall street Iva = state
mi unrest ali day. The bargains pre-
seenfed in the early morning we're
quickly picked up by strong hands
8that had been reaching out on SatGr-
] Aay to Montreal and London for
S1ther bargains Important interests
An Wall Street ara very much pleased
EAt the result IF the uprising in the
balkans, and they believe that its
possibilities as stock market fac
Sxur are about exhausted.
DIE Following the dernura,iZs tipn uf for
Se5gn exchanges GA Saturday. there
wes general expectation at lower
znrices in Wall street. bat IN this re-
gard the bears were very much dis
appointed Prices oppued at slightly
sAboye The London figures and adj
SRanced Immediately IT, the closing
sIsaures of New York on Friday Some
advanced even further aud the mar
sket throughout she day was strong. In
sIle afternoon the bail game took
attention away from Europe The
Sfsct that the leading men of Wan
Street attended the ball game. and
hur fhe United Stutes neglected the
stock market, was the best proof that
THE war in the Balkans Is not taken
Very seriously
London Protests.
p london brokers sent frantic ca
kilograms to New York late in the
ESfay, protestine against the strange
lack of panic in Wall Street. II seems
that the foreigners have sold all the
stock they want To sell and some
mpre. and are now looking for an
,t,.s
EtTarts. In London consols sold down
Eto 12 "a, which is the lowest price
Enn record for the present issues.
.Americans were heavy In the early
[ztEsGiHs abroad. bat MIA, -LeHa!a1
fksaysed they we're rising rss5tt3ty", AeN
Works close was irregular, most
E&tocks showing the result of profit
baking. but the entire list maintained
Em firm undertone TO the end Of the
ktlBys Notable strength Was displayed
E1hTnughuut rf1u dry in the coal gharcE.
Efohaeee shares and some of the high
grade industrials. including tinted
States Steel and Can.
The United States supreme court
assembled but handed down no de-
Ecisions. Decisions are expected next
@Monday from this court on the coal
cases and the Minnesota RATE case.
which will give Il line on sssout twen-
tr-nine other cases to be decided by
4 That court These decisions cause no
apprehension, ali the possible unfavor-
5Ahie features of them having been
H<iscounted.
Tobacco il Strong.
T1T Tobacco stocks have attracted much
SAftention In the last few days by their
great strength in the face Of weak
Y mess elsewhere The reason was eX-
splained when unofficial confirmation
WAS had of report that directors
0f the American Tobacco company
Sexpected at the next declaration. To
increase the dividend from ten per
Gent rate to a twenty per cent rate.
The company is earning st the rate
sof s5 per cent a year and paying 10
per cent. Ii has n surplus of $3.50
HA share and no more working capital
ca needed. Therefore, it is considered
per cent basis. Loriliard stock il also
IN ffn7s 10 ger al Tf1CYFHEed dfvftErIrf-
S1f is earning 30 per cent, and paying
&10 per cent. 4 rate OF 20 per cent
rand possibly IL per cent tg expected
For the next declaration.
Copper stocks were irregular. part
ny because of the weakness of copper
metal in London. In the foreign mar
@kets the metal broke 3-l5 of a pound
~ Ton InlS alone Is enough 10 ditaN
Nil fears Of war. for If war were really
Imminent copper would be one OF the
sthings purchased. There was no
~Ehanga in th4. New York prices
Canadian Pacific Breaks.
The break in Canadian Pacific has
been i. bsArd in t-iew az the tremendous
searnings at the company. Insiders
Seonsidered the stock on the bargain
scounter when IL was selling at ESQ,
and ii ~ understood they have been
secra bling for the shares in the
course OF the decline the last few
days 1t sold under ESQ on Satur-
day Besides paying le per cent cash
IN dividends. Canadian Pacific will, III
the next twelve months, distribute
rights on new issues that will he worth
$50 a share.
" Reports from The iron trade were
cheerf-t. ana coke sold la Pittsburg
sAt 81 tor. which - Il high record
price The United States government
ANNOUNCES that the ten leading crops
this year are worth At market price
81. s23.04 900 NOR. than the same
Scrops We're worth last wear The total
gcrop value this year n FAR tff5tYS'e' tfF''
billion dollars in excess Of last year.
Number Of shares sold Today 500
s3s7 a year ago. 4a3. 500
q Par value Of bonds sold today, So
4 IA