The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-29
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.ITICS IN MARKET
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~ THOMAS G. sHOTwR1A.
NEW YORK. oct. 2s.--skocks wsrs
tfonx u wall street. today, and some
- a3vancas were made. The strength
sfaA due chiefay 10 the fAct that pro-
1 feuuicnalp feel that they must b. do
3n9 ooznething every day, and they are
Sfynfd to sell any more stocks. The
fundaueMtsls are too strong to make
short selling . safe operation ut this
1sveI. Newu from Europs was still
s d5oconfua1nr 70 those who hope FOR
matertal advance at once. Rumors
* What the Steel corporation VIII
anncunce tomorrow IN the way OF
sarn1nSs for the September quarter
md % SATURDAY OF next week re-
nNr1Eng untitled orders were disoouf-
n14ng TO the bears.
B 0seei earnings to be reported to-
1a0xrcw afternoon should b at leaSt
thirty million dollars for the 6eptem-
her quarter, and It would mot surprise
those who are In close touch with
a5eAira Il AZ much ~ thirty-two mil
Hon dollars was 70 b. reported AL
thoueh the approach cf election and
IL fhe weAther. In which structural
ofdaxu always fail on. should cuTtau
new 6usfnsoa. and Il 10 understood
THAT the big corporation - taking
hnsinesa ~ fast ~ ever. ThA report
az uuniied orders on the books the
nrSt or November win show an tn
erease Of fully 100000 tons for the
month. Heavy orders tor rails have
beeh received the last few days. snd
1896, 900 tons ready for 1914 manu-
xAcsnre. which II about one-third Of
the entire capacity OF its mills.
TaF1H No RD9~orB hon.
There Was some politics In the mar
ket also. Contributions are being 90
! Ilcited On behalf OF Wilson ~ per
nnns who are promising In his name
that he will not call an extra session
81 congress. and that he win adopt
President TAft's method OF scien-
fafsc reform Of the tariff. This u no
nSwe 70 the roaderS OF this column,
int now that the promise b bstnE
4 1,smocratic nat.onai campaign COM
] nsittee, the matter h put In . scEns-
Nhat different light. This plan
eQxnfes with all Mr.. Wilson has said
- TN stump. ss,I In ca4nTaon with the
REpahaicxn cz1id ttzfe. he bettexss that
& the tariff should be reformed In re-
gard to tho tari1. thsre ID really no
difference OF opinion ancng Americas
bunineGs men.
s The balkan war Ii continuous sur
prtss 20 high nnAncs. Scarcely any
BODY expected the TURKS 70 be de-
4eaf6d 10 easily ~ they have been.
n II II intinAated in some quarters that
flse Turks ara faiitng back 70 ~ TO get
the allies A. far away from homo ~
puSx1biA BY the time bitter winter
weather aeta Ia, and shuts them on
ffoxa i safe yetreat
The os,e Danger tn the situation lies
ID, pcsoibfiify or the great natious be-
4ux Drawn into the nEht. Tor In that
event tho frst effect would b. to throw
Ano<her batch OF American stocks On
the market. After those stocks we're
1bn0Fbxd, this greater the war the
Greater would be the advance In Amer
stocks. For, with al Europe at
wRr, and with Anerica handling the
greatest crop on record, American ex-
rur<s would be enormous and prohfs
w0utff bc beyond the dreams even uf
4 thA bull party In Wall Street. Search
9fy Ct labor In Amarica would limit
these prof1ta Labor II scarce even
now, and constructive work Of al KINDS
ii heing held back for that reason.
Ne Impertant 0eeIsaeFs.,
The supreme court handed down no
decisfonx today on Important cases.
This MAs Ia accordance With the best
onanson Ia high financial circles. Be-
Hevinx there would be no dectsions,
pool began operations In Reading
stock. and accomplished quits an adj
vance. No decision 10 now looked Tor
uHtft after election.
~. PAUL advanced more thansa point
heeauoo Of the sudden increase Of
aGeSnanAn. Most Ill EARNINGS reported
Sree1 nsar records. u ~
8uusor was husy with another greAt
@tSn< ~ NJ