The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-30

SAM MAY HELP
:. rHoNas q sHoTwEId4

NFw YORK, New. 2s.-AlthcuSh
ss ~. v.onev went to 20 per cent IN
= rsiy street this afternoon, the STOCK
4snayket showed more net advances
~ The close than net losses Ira0ans
-. hight. only about two hundred
22SSs,,,s.y, nd shares changing hands. Al
S2N0urh fancy prices were paid Tor
3Inaney by a few brokers. nearly
yerybody renewed loans at seven
1nd 4 half per cent, which IS one
62nd q half per cent lower tnan on
a. "Wednesday. 1t is generally reeos-
%foed that the move in call tunds TO-
~ Is nothing but furry. ABOUT
~. coo. goo of dividend and interest
aoney must be paid the first OF
ext week. and in addition to that
- banks are in momentary expec-
z1ntfon of cali for conditions from
5yashsngton They have done their
window dressing. and do not dare
nndo 1t, until the inspection IS made
Canada took another million doi-
LIS OF gold today, making two and
uuarter million for the week,
d Washington reported tonight that
- secretary OF the treasury was con-
xdering the advfsahility OF deposit
IT some funds in banks. and thus
Sudo some part Of the damage done
~ the government in locking UP
nOre than sixty million dollars at a
<lme of the greatest stress in the
Money market.
Europe is Inactive.
Europe did but little in Wall Street
oday In the way Of either buying or
Wiling. Some brokers attributed this
- the fact that a great storm had
foturbed cable communication The
tnal truth. is that European investors
- lost in admiration for the strength
= the financial and industrial situa-
xfOn in America They have sold
eDut all they can sell, and are only
nq1tattng whether to buy stocks
Eeeiy now or wait little while. The
keign war has been the greatest
King that ever happened for the
United States from a stock market
9lnt OF view. because II has thrown
r In high relief the absolute stability
- American Investments
~ further proof of the stability Of
- stock market foundations. Union
Aciflc and Southern Pacific, in their
&ports Of earnings Ter October, made
obltc today. showed the greatest fig
eA In the historians at thu cana s4FsiI
res in the histories of the companies
htpn Pacific. for the month. in
u 3 -
nd the net, s3e5,T4I. Southern Pa
ddc showed a gross increase OF
and g. net increase of
126.5s1. Southern pacific's gross rev
eaue for the month amounted to the
knheard figure OF x13,9I5.714. Ca
Adian Pacific ran close second. with
fnas earnings for October OF $i3.-
sass, which is an increase oi
2s100.I43. Canadian Paciflc's net in.
F6nse for the month was $3.50, 7S2
ofthern Pacific showed a gross in
rease for October of S1.062,i2 -, and
net increase 6f $46T.53o,
st. Paul made no official report, bu
&EAS unable to conceal the fact tina
$&Dr October It's gross viii run ahou'
#31,h0e,0b0 In excess OF last year. viii
r. net about 81 ,o09. zoe above the net
EAf the sane period last year
Strike Peters Out
Reports from Pittsburg were to th'
Meet that the strike of trainmen a
&&he Carnegie works had about peteret
21s1t. Along with this report came an
&COncement that prices for structure
eeel had advanced about 81 a ton
3 eeei hoops in Chicago also advanced
d ton There is great activity II
SDatertal used for railroad equipmen
nd Inquiries are being made by tn
nfious railroads of the company foi
u total Of more than 10000 new
Height cars, which the equipmen
empAnies are unable to build for 81,
4 nonths or SO. On top of this recort
39 local business, the government add
80 fact that international trade o
- world for 1912, breaks all records
18th total of thirty-five billion dol
~, which Is double what it wa
YAnty years ago.
Movements of specific stocks wer'
&Dot interesting, except In spots. Rub
&ker advanced four points on q repor
nat the second preferred stocl
fOnId be retired. General Electri'
1dvanced four and half. and West
44gh0use two and a half. on reports
~ big earnings. New long records
4 m the year were made by Reading
Aconds. Distiliers, Bag and Pa per pre-
&erred, Goldfelds Consolidated. and
Western Maryland.
Number of shares sold today. 202.
LIB: a year ago, 267.l59. ~
Par value Of bonds sold today
,z61 900; a year ago, s4,33S.0
3ESS A>.x, N-rL Mn,s,. .rLax