The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-04

WAR is NEARLY OVER
Nv THOMAS c. sHorWELL.

NEW YORK, Now s.--While busi-
mess on the stock exchange tomorrow
will be under the influence OF election
uncertainty Wall Street rejoices that
4 IL is near the end of many uncer-
1 fsinties, The war In Turkey has COM
PEELED this country to discount about
( the worst that can happen in the
dates being elected has not been dis
counted. and such a thing would be
u drag on business, and on the market
until next March. Congress is so
badly split up with the various fac
tions in the parties that there Is a
huge possibility of neither the senate
being able to elect vlce-presiaent'
nor the house being able to eject a
president before the fourth of March.
The Balkan war seems to be at an
end, and official peace terms should
be announced almost any day. ne
loans that 1t will be necessary to make
in connection with foreign peace will
he strain on the money market Tor
time, but by the end OF December the
worst will be over, and beginning the
new year the country Will enter an
erea Of greater prosperity that even
political squahbles in the United
States cannot stop.
Look For Wage Settlement.
Besides the election, and the Turk
ish war. the street will probably hear
this week of a settlement of the wage
dispute between the fftytwo railroads
and their engineers and frenen. The
commission having that matter IN
I charge, is headed by Mr.. Straus. the
independent candidate for governor OF
New York, and a decision before eiec-
! zion day was manifestly improper. All
evidence however. has been thorough
Sly considered, and the arguments
made on both sides, so there remains
nothing but the decision. 1t Is the
general expectation that a small In
crease will be allowed to the men, and
perhaps a recommendation will De
made that the roads be permitted to
advance freight rates.
The copper producers Will make a
report on Friday OF the amount Oh
copper on hand, and the following day
she sseees. corporation isa> expected -. to
report the untitled orders on its books
1t the beginning of November. IL
can be said on the authority OF OIL
& rector that this will show larger
Il increase than the previous month.
safssnfes iYifrg over hundred thousand
tons increase is expected. The cor
4 poration is now taking orders al the
3 rate of seventy thousand tons day.
More will also be heard of the crops,
Tor on Friday the government will re-
d port on the yield per acre OF corn rms
will probably increase even the record
4 figures in the last government report
on crops. Then on NJ day of next
week will come the supreme court
meeting at which the decisions of the
A41nion Pacific. Southern Pacific merger
y case, and the anthracite cases, are
generally expected. The banking fra
1ernity has made up its mind that the
Union Pacific will win its case, ana
that the Reading suits will 60 against
1.-The companies The coal decision Will
furnish the opportunity of making q
distribution OF assets. The directors
are ready for this work.
Gather in Stocks.
Il Because OF the remarkable earnings
OF the Industrial companies, and the
railroads made possible by the great
crops and because of the unusually
good conditions for big crops next year,
the strong people In Wall Street have
taken advantage of the break in prices
Ia gather in more stock. About half
the decline was permitted to pass with
out action by the big people, but for
!. the last week they have been taking
practically everything offered. The
little people have been too badly fright
ened to take up much, The result is
that stocks are in strong hands again,
ana that the first favorable turn in
news will be the beginning of an up
! heavel that is expected to put prices
Il TO the highest level of the year before
4 the year is closed.
n Ii there he no president elected
TUESDAY. that viii be another mat
ter, and investors must be willing TO
nee irregularity in prices for some
months The fundamentals of bust
ness, however, are too substantial TO
be upset by even the worst that can
happen Those bankers who have
proved the safest advisers in the past
are telling their people not to get
frightened at anything that may hap
/ pen, but to stand firm on what they
have.