The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-02-09
DEMOCRATS HELP
STOCK MARKET
VICTORY Oven MONEY TRUST m
vEsrscATIoN CAUSES TIRM
OPENING
P MUCH GOLD
TOBACCO STOCK ACTTvE-PLANs
OF J. D. DUKE ANNOUNCED.
WHAT HIS COMING TO
LONDON MEANS
EXPORT MUCH GOLD
By THOMAS c. sHoTwELL.


NtM Attsk- go. s--sicteTy OF
the oslserxA;sse democrats at "aAn-
!rxtap In TIE right over an inSestisa~
TIN OF the alice ed Money Trust
gave the stock market a nrrn open-
ing TO-DAY. but almost Immediately
heavy selling of steel made is APP
peayauce and Union PaCiIc Was nano-
ed out In liberal volume. This de-
pressed the market and IL turned
heavy, Publication by the Copper
Producers Association OF the tack tnat
the supply Of metal on hand at the
end OF January Was .s,lfs,eov POUNDS
smaller thar at the end OF December
starred ii rally that vas In progress
at the close.
God 10 me amount Of 100000 was
ENGAGED for export to Paris, half q
million was taken from South Amer
lea, and a million for San Francisco.
This makes $4,000. 200 for Paris on the
movement, and $z.50o, 900 for South
America. This movement OF gold
caused a slight furry In money. The
gafi money market WAS also unusuaf-
IN active because Kuhn Loeb * Com
pany called IN $15.o 600 900 from brok-
ers 10 pay for an issue OF Chicago
and Northwestern Railway bonds TAX
en- By the firm. Late in the day.
however, announcement was made
that this entire issue had been dis
posed OF.
Tobacco Active.
Tobacco stocks were extremely &C
tive. As announced. J. h. Duke ID to
take a personal interest In the Brit
ixh- American Tobacco Company. For
NAL announcement has been made that
he will be chairman of the
The under has management
will begin to- duplicate the remarkaoie
record Of the American Tobacco Conn
pany, and Will demonstrate the m
possibility OF hurting the trust by
s.husting'' them. h re-arrange-
u,ent of the tobacco II at will give
politicians something TO think about.
Ii may be that all they can accom-
pIish by trust busting VIII be 10 drive
the management OF American cor
porations cut Of the country. and force
them to manage the ny from
London. On the Curb British-AmeTi-
-canrrrfHde a new high record at Il tE2,
theo declined to 1912.
Copper metal supplies In the hands
OF original producers have now been
reduced to 66.2io,s43 pounds which Is
7e.slS.S%T pounds last year. The amouht
on hand now is enough to supply
the world only abou twenty da!s.
Producers are maintaining the price
at around II 1-ec. The advance there
fore OF nearly three points today in
Anaigamated proper WAS Satisfactorily
justified. Utah Copper and Miami
were strong. On the curb stock OF the
new Inspiration Company sold up 10
is 3-4.
Dame Runor Busy.
Rumor was not idle. IL wan busf-
ness with an alleged defalcation oil
about 81, 900, 600 In the ST. Paul rail-
road. This was officially denied. IL
said thai the American Wooden Com
pany would make a surprisingly good
- 49, ~,rop sttat rlnaAd III
the company earns 8 per cent on the
prefer. ed that will surprisingly good
but Il hi public expecrs much more
Il Is liable to be disa appointed. An
other rnmor concerning tho Cniun
Pavific dividend. but that was quick
iy put out OF business. by declaring
OF the regular payment on boln
Union and southern Pacific.
Pyobing of the money trust even by
the conservatives in Congress does not
please Wall Street much. Perhapi
one reason liz that the New York
Stock Exchange is to tie investigated
The exchange has little TO fear. be.
ca use it has been reforming itseH
rapidly In the last few years, but per
SONS looking for trouble viii be aole
TO nud IL in several directions
The real trouble that Wall Street
bankers are worrying about. however
il not 30 much political as 1t Ia mill
tary. For months there has been a
settled conviction that United states
troops must march across the Hit
Grande- What may be the first move
IN this direction was made today when
the Dolores Mining Com pany let It be
known that the government OF the
state OF chihuahua. Mexico. had con
flscated all the surface OF its l2,o0o
acre mining property.
owned by Americans.
This property IL owned by Ameri-
can citizens and formal protest has
been made to Washington on ac-
count of the outrage. hou the
company bought and paid for this
property ten years ago. and although
II has expended, 100000 In gold In
surface improvements the entire ter
ritory has been thrown open to set
tfement by anybody caring to locate
there. Protest to the governor states
has received no attention n an ap-
peal TO Washington was the last re-
sort. Most people In he dis
trict are OF the opinion that the
quicker American troops cross the
river the better II Will be Tor Ameri-
cans In the district.
Attention having been drawn by
che Ussior,- Pacific program Of build
1tgx ifstG Vancouver 10 the TREMENDOUS
wealth of the Northwest report Of the
1911 salmon pack attracted mucr at
.ention today. This pack broke all
records, being 5.s2s.s4S cases. worth
$780, 200. zoo. The greatest previous
pack was $4,000 caseA
q. r. Yoakurn. chairman OF the
Frisco, brought back some cheerful
ness from Texas. where he had been
ror several weeks. He told OF the
wonderful agricultural Developments
In that State, where hundreds OF acres
of pasture are being plowed n sub
divided into small towns. The rapid
development OF the West 10 solving
q problem Of how TO get more food
and Texas IL taking a leading part
IN It.
Number OF shares sold today. soS.-
ss4. q year ago. 4s4.Sb3.
Par value Of honda sold today, $s.-
1880 a year ago. SA.7t7.0oo.