The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-04
|DCk MARKETS
EDOUND UPWARD.
&apATroN or WAR SCARE HAS
nUl.sssH EFFECT ON PRICES
EvERywHERE.
MOD GAINS NJ AID t.
ExnSpx or STREET INDICATES
THAT REID INTERESTS ARE
" I'M EARNEST ABOUT TOBACCO
CONCERN.
GOD GAINS MADE
- THOMAS C. ssorwgLL.

NEN YORK, Oct a.-The stock job
1nx war cloud over the Balkans sud
2nnly cleared up to-day and stock mar
EnxA ali over the world recovered from
swrs4c Vienna was quiet. Berlin was
trong and London was huoyant when
~ wall street market opened. Amer
E19au stocks were a point, and more ~
frsne cases above the close OF the pre-
a0us dav when the fret quotations
vere posted in wall Street, This I'M
fOSefnent WAS maintained through
4e session, with Readink Ama's".
knSpd and Steel in leadership. Toward
1ne Close Of tho day specialties became
rtfve and particularly Mexican Pc
&rplesfn. This enthusiasm was eN-
XAnded to the curb where. California
1pefyole,im accompanied the stock OF
ES1utssas Il Reds new tobacco company
nv. high records Action of the market
fn1ay seemed TO indicate that Reid
Ensople were paying more attention 1"
E1asr new tobacco company imam I"
Arncri,-an Can. I.ahigh Valley ana
EH3ocss island although al Of these acre
etrpng.
Reid Stocks active,
Kew tf,g4 thu. big locomotive ~ back
m ssaa main line all the people VINO
eere busy in the Reid stocks curing
3,r summer ara impatiantiy waiting
Ior d chance 10 take profits. but some
1nyr the train daes not start II ne
saxne known todaX thar the Aukusl
Nnrnsngs Of the American Can COM
snny are tne best on record for any
0unth since the company was organ
9rfi n II nov practfcaIly aaHureu
has the company will earn the fuIl
nxvru ner rent on preferred stock Tor
fiis year, and at least ten, and per
a.ns s1eyei. per cent for the common
a4x,ck TIL company's decorating de-
erfment is go crowded WITH business
Ehaf the capacity Is being Increased
aHft,- ner cent. the adding machine mas
IS0f gat been put uT1 fiat- market -nui
nysu make It's appearance In the near
fntnre Lehigh Valley IL increasing It's
sArniugs rapidly in common with other
EanaI rtsadg or rather somewhat III eS-
casx OF the common Increase. Rock L.
Tnnd lis also making very important
SStrssssssx NJ EARNINGS. and an. affscsr
I'M the road said today that the crops
kad made IL absolutely certain that
~rcry piece Of rolling stock on rne
tvsten would be employed to It's run
80 capacity for the next twelve
rnonths. II would appear from all
fhesa facts therefore, that the ROCK
3e,and gra,,s liz simply exercising pa
4fercx, against the time when money
S.ntes. politics and public sentiment WIN
xemove all opposition TO mater ia'
Irving OF the market.
%s Money is Cheap.
Money was cheap today, for London
nhoweef a disposition To bay back
ntocks. and fresh funds made their ap..
nHarance from mysterious sources all
pyer the country. Call money feii 10
~ per cent, Foreign purchases OF
stock In New York would naturally
Aeause decline in exchange. but some
helated transmittances hanging over
from sales Of the previous day mace
4ha exchange market firm
AmaIgamated Copper was purchased
S4hroughouf the day bv the strongest
Interests in wall STREET Traders be
1Isvea that they traced much OF the
huyfng directly to the Rockefellers,
xrho seem To be enthusiastic over the
rpppers, regardless Of their attitude
S0n the railroads.
ii develops that there IS very large
x1aort interest in the general market
The advance has been resisted pH
sprufessionals. aud as FAST a. one se'
ff traders has covered contracts, an
Dther set has put DAT fresh ones. So
thas the technical condition Of the
narket Is sound