The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-10
OUTLOOK
GlUSSffSS' i ADVANCE
LIS FACT rs FULLY APPRECl-
kT1rD ny THE PUBLIC. wHI'-,
CONTINUES BUYING.
MORE HIGH RECORDS
IMPRESSIVE FEATURE OF MARX
EFT Is GREAT ACTIVITY IN
ALL STANDARD ISSUES
BEING SOLD.
MORE HIGH RECORDS
by THOMAS c. sHoTwELL.


formal hu, slight hesitation in the
early trading the stock mar ket re-
surned today its upward swing.
dozen or more new high records were
made The impressive feature of the
market was that the greatest activity
was in Standard issues Trading was
well distributed, and there was CON
Siderable participation by the pub
Nc. The close was strong, with the
list in full motion To higher levels.
Not much of news developed. but
the pubic seemed TO have fuller
appreciation Of the fundamental
strength of the situation. The mar
ke& has not by any means discount
ed conditions. The copper producers
reported that the surplus Of metal
undeliyered was 572.4sl pounds
smaller than month ago. The gov.
eminent gave the condition OF winter
wheat on April LIST sos per cent. ar
just what was expected. The st.
Faui anfoaNcesi n Offering 81 s36.~
100000 Of convertible bonds. Fore
casts from high quarters gave Taft
the presidential delegates from fiii-
noix and New York. The Missis-
Eippe river food was reported az fad
ing away. Erie sold Its slo,oo0,DO9
OF newly authorized notes to j. T
Morgan a. Company.
Rejoice Mt Activity.
Activity of the Wig railroad stocks
was hailed with rejoicing by the trad
ers, who Were working for higher
prices Union Pacific and Reading
h Louisville and Nashville and Rock
Island preferred all sold at new higl
4 prices. The cause Of the adVanc,
was the excellent crop conditions
Reiteraiion OF that statement Is g.
coming tiresome to the bears. but =
+ continues 10 be the big thing everl
day and it has not been fully arpre
ciated by the public.
Other things the public has not ap
preciased are the activity in the meta
4 and the textile trades. Consumer
have been taking only enough clot.
4 and copper and steel for current re
y Quirements. Now that they see real.
good business coming they are bar
OF supplies and are pressing the pro
ducers.
Coppcr~ Firm.
Return of the British miners Il
work will cause Il renewal Of tn
II foreign buying of copper. The r.
port OF today shows that the export
3 fell off while the strike lasted. TIL
production increased and in spite %
q that the surplus WAS reduced. A1acr
& lea has not reached it's norma
volume OF consumption OF copper
With Europe and America both usin
the metal freely the production viii
be materially under the demand
That was one reason for the new higl
4 record prices today in SHELTERS AM
the firmness Of all The coppers Il
spite of their great advances.
Colorado Fuel Takes Squirt
After years OF retirement Colorad
Fuel and Iron is coming to the from
s again. Its activity is displcasing I
traders. who remember the days wac
Ii would open np or down IL ove
"a night. but the company shows by IL
H latest report that II earned 3 pe
cent. in the last fiscal year and il
Il directors say 1t vii. earn 6 per CEN
In 1919. The belief Is that q 1ee
has been made among the Roe
Island. the Hill roads. the Rookie
feliers and the Hill ore land 'trus
tees whereby the Colorado Fuel Com
pany is tn become the manufacturer
enc OF the treat -NoTtHtTn ore iF'1Ot
h Anyhow. John r. Rockefeller is I
control and the action Of the %
stocks has led the Street To beiiev
II Is safe to take gamble on almos
anything he holds And SO. ente
4 Colorado Fuel.
Good Leather Year.
Bargain hunters are searching oti
stocks that have not moved ,uuc
and that have merit. ipistillers an
Mailing arc TWO of these. The!
earnings Justify better dividends. Ma
tional Enameling is smother. Tn
preferred stock has paid its full
per cent dividends since organization
and is now earning abou; per cent
on the common in addition. There
me- ACCUMULATION TO be paid of as ii
sss Hassa@ keEs issssAs< SasI:.A .IIssatks
In said by It's directors 10 have MAD
ZIP In the first quarter of this Yea
Ali sit loss OF last year The ',eathe
business is always very good or YER
hal And this is a good year,
Nun Der OF shares soId To day. a15,
sS7. year ago. 1854
Fan value of bonds sold today, SO,
s35.a6o. year ago. So i0t, 200.
Chffnep Closed