The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-29
MILTON Of READ|NG
MEMS SEGREGATION
I Ay'E TELLS THE STONY N SPITE
or DENIALS ar ANYTHING
PLANNED.
TABOR SCARE Is OVER
WITH CONFIDENCE At TOR NOTCH
AM CONDITIONS FAVORABLE.
O0K FOR NEW CROP
Of PLUNGERs.
TABOR SCARE Is OVER
M THOMAS c. sporwELr,.

gNS Dy AsNOMNS \. SSoh N FshtAs.
Es NEW YORK. April 2s.---Action OF
Reading stock In the market the past
week means that segregation Is to be
accomplished III the near future. In
terests identified with the property
deny that anything Is planned. but the
tape tells the story. The company
viii walt, OF course. for the decision
saf the Supreme Court at Washington
- The coal cases that involve Reading,
but that In only a matter OF form.
Rerhaps the court may point out
way OF segregation. Owner snip of
the Jersey Central. al now constitute
man law and the Reading insiders
IRE anxious to straighten out every
thing In preparation for tho gsod
times that are 3rst ahead.
With big things planned in Read
Ing It must be that the right people
have complete confidence In the
stability Of the general market. Politics
may be ignored az q market influence
because nothing could be worse than
- President and an ex-President fight
ing like schoolboys for the high honor
axhfbition. was with Mexico. even with
10 business men. The political situa-
ton II SO bad it can only change for
the better.
No Labor War.
y Labor disputes are also gone 90 ad-
verse influences. The official settle
mont of disputes may give the marxet
another uplift- but no more declines
must be looked for on the scGre of
labor. The workmen have proved
that. ~ en- II they do lose their heads
occasionally. they arc sane and rea-
h1 Ixr Ia 80
tai are inclined to meet labor more
than half way. so anxious are they
10 have peace.
Crops are backward In many parts
~ the country. bat the crop outlook
III for a record tonnage Of produce
with the possible exception Of winter
wheat. But the acreage of that crop
crop abandoned will he planted in
corn. High prices must be expected
FOR farm products. because OF the dis
a1ter last year that cut down the
yield the equivalent of billion
bushels of grain.
Confidence is returning in all
classes of trade and even in the stock
market. Doubt is vanishing and
money that has been In hiding ever
since the panic four years ago Is COM
ing out. looking for something to do.
When this money finds work. the vast
credit OF the country will be called
Into activity. The people have been
70 conservative that there was never
a time when business started from
Enc1, a substantial basis as 1t rests
on now. II the people were so in
clined they could indulge in wild
speculation for three or four years
before reaching the danger limit
Operations that would be dangerous
under other circumstances are per-
fNctiy safe now.
Look For New Plungcrs.
IL fs under such circumstances that
new plungers are developed in Wall
Street and an era of new celebrities
IN the stock market seems at hand
The plungers of the previous jam
bsree have moved up into the ranks
Of conservative leaders. The market
in its present advance has not been
OCT of the grasp OF the conservatives.
Stocks had been selling under their
Reasonable values when measured In
net earnings They sold there be- !
cause Of lack of confidence on the
part Of the big interests Now that
the big interests are believers In pros
perity for the immediate future they
have had only to quit preventing
advances and the stocks move up Of
themselves.
Railroad earnings FOR March were
NOT cheering except for the coalers
But for April the returns will b
much better. for the floods are sub
siding. The Middle West Is boom
ing. The late spring has tumbled so
much work or the ma jority OF the |
people that they have no time to
quarrel or worry about business. The
result is good business
Reasons for the further advance of
Stocks are so broad and affect 40
many fsues that il Is unnecessary to
point TO any particular set OF securi-
ties