The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-02-16
NOW LOSING FEAR
OF INVESTIGATION
WALL STREET. ~ OF OPINION
MADIcALs HAVE LOST coz.
TRoL or SITUATION.
HILL. STOCKS ACTIVE
HIS TALK CONCERNING DEALS IN
OIL LANDS CAUSES TRADING
IN MS RAILROAD
STOCKS,
HILL STOCKS ACTIVE
sv THOMAS c. sHoTwEll,

StgPR market TO-DAY COiStUfIGu
....t,,,, e,,-t, the r.asons that were
eoh''ee'l o" We" '''. - .,,..
given Ter Tue tfadIuh III" ms 80
Wall Street Is LOSING lss 20, rha
snsesdS'it ION " aito 1870 ,,srnl. Ir
imp cssi"n PfeEahS ta"t ~ .11 a.,
Congress nave ioSt co''t'oA a., "a - s, ~
NestisatioIl- anu ,',at cNe" -; =,
cover II uhoS NiIi 49, -. - v.,nat
prove more than a Shtst part w $50.
they expect 10 prove. against INC go
banks, professional ithoers arg ~
ginning tn thlhh ahat t''a 'sS"ui' ""
the money power WIZ 80 ''aN. w 81
pear So RIDICULOUS tHat eNci even tiis
that do exist wiz escape eo', 1870. ~. r.,
the great pahhn,s to,e -
commence anu ee'.ei '''o , ''is -.
as some individual members Oh t,i's.
pools are doing. conoi,lohs ute sun 90
20 make 3 HFeiS swing up"aae p
sible. fear OF war III nuropa u i"e'S
the greatest depressing iii''u.'t.u !us'
now. me greatest aFkuhie"t W. IN
provenent IL IN" ileass Ia'n Nn' NV, -,
TAIL OF the winter, ol@ Si"fs ~ ~
the bear party. 80 4af as i'-. ''s ,a
thus carly ia tls season WIN. -
anything the outlook Is, iof Feeo'a
large crops, -.
At the opening today stoths ".te
strong, but they soio OH cary III 'ns
session, ana then recoNeit1 I'll
TGion Pacinc was inc iea"er, ln0
local traction shares displayed cotsia-
cradle tirmness. Ieiephohe seoeh
was higher. Jersey teTttaI M"s 9ee
bid III Tire opening. but the pia prey
gradually crept up 10 80" at when
price a transaction Was mace AL uis
same time Reading was hrm anu
Reading has been the backbone or 'ne
.narke, for some time.
Hills Talk Causes Trading.
-Y.r i
much about his clever deals IN CON
nection with the Great Northern eke
lands that the street Is beginning 70
associate the sales OF Northern facine
stocks with purchases OF oreat Norta-
ern ore lands certificates 1t may De
bat the ain folio Is PICKING up
ore again II Mr.. filil peneNes AL ho
says he certainly must belieV" thar
the ore certifcatcs are bargain a.
current quotations. Northern Pacinc
by the way is not going to reduce us
dividend. IL viii earn II by a h"r-
row margin, but 1t has large SUI =
plus and the small earnings are doe
largely to a temporary stagnalon OF
III. lumber business. Inc 81 fau
road has taken away a good many
millions from the gross earnings oil the
Northern Pacinc, but The country mas
developed SO rapidly mat Win iiie iulii :
her business al normal st, PAU woulh
not hurt Northern Faelhc haleris'.s
Directors OF the Chesapeake ana
ohio declared the regular diViaehn W.
day This IL unfortunate Tor the prop
srty needs every dollar that Is no"
being squandsred on dividends.
Coppers were strong following a re-
port cf large shFlaAase III STOCKS VI
metal in Europe " neither one APP
proves of the method as the result ~
which the sticks Of metal nave ptei
reduced or not one cannot DENY ,ha'
q strong trade position has ueei'
created for copper. There can De
no coifnpse until SOME one OF the DIE
producers sta-ts out to produce eyer
pound Of metal possible i ne = tah
has the greatest power IN inns dltec-
iron should Its stockhoiuets ihs1st upon
that power heing exercised
Neiiey Trust and Noptffs.
The alleged money Trust hs uieS
largely in the copper situauoh ihe',
Is little doubt that the various nlinin :
companies have oeeu persnaueu =.
limit their production through As1i
that unless they do 50 II may DO on
5icult To do financing. SUI Hh"hes
power capable Of causing sueh lear
cAnnot be described IN iosai eNlaehe.'
. II may be, that the IeaE ID sf"ulto.
less This phase OF me money tros'
is no more indeAnIle than oihers tHa'
politicians threaten TO expose Ever
body may pelisNs certain Iohui.ioiS
exist and Vet nobody DC aole TO pros
the slightest iounoanon- nut Ii tnc
national banks ana the trust com
Daries were iorpioash 10 spee uiale
and underwr'te bona ana STOCK ~
sueA nearly All the otheF abuses WIZ
which the money power mas De ~
charged woulo disappear antoiha.,
cally, since thex are most OF the out'
growth OF speculation pF TIC pauh >
The Anthracite operators conainiiloe
ISSUED statement To-Day cohiriuln :
the statement mace III tnis coiunth
recently that there was no excuse
xtas. a. coal stra&@ slacn as seasae Deal
. traders ~ atsfe - ssSa.tf u' fns
about me ohcial statement oi ~"
day shows that the miners are re-
ceiftng the best wages In the msiofY
III the Industry ana are working IN
dor the best conditions that ever pre-
va laG HTESGul
system was put into operation they
have an average of more than two
hundred working days III the yea