The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-12-04
l0RR|ED
= WITHOUT CAUSE
10 ~ rACIp1c mas NcrnuSG
t.osE AND srLLrNs FcA
ErrErr.
MARKET rs NERVOUS
- s,oxs Or EAsIER MONEY IGNORED
B - - anyns--EFrEcr or rnE
wan n EUROPE.
MARKET is NERVOUS
r.,n,sAs z, sa4orwEII.

~ AnOS S.ocks ral-
NEW YORK, pec. rsn ~ the
III thu: alierno snawsa any net loss
n&andArd issues showeu ,rrar-
fur the day. specianues The
nIar and some p.ohs n.r,,ou. and
market as . whole ~as ,,sers ir-
tie signs OF easier thon0s
nOred by traders. .na,
The predominant Aess rs.,tar-
sxhe decision IN the 1u'vn go.
s0outhern Pacific merger case -.
%xnn&ed a line Oh orasthc
3natnst the corpofations WIN
F4nxm0li in the nnAncIAa ~u ~ -
32nr or two. Traders soiu a
This feeling and not because my 10.
ehny decided opinions az 10 ING
saf stocks.
Gall Money laser.
cal WAS issued by the govefhmehs
10 the conditions Of the banks as o1
November 26th. thus making u poss'.
~ for the banks to be more nocraA
nth their customers Tne cnieh 49,
oon the last week Tor tight money nss
4 Been the delay In making TINS can:
u me banks knew II was comin8' anu
4 nj were prepared lot H. ana 70 W
pAre. the Western banks had 10 oIAw
heavily on their New York correspono-
I eats.
NOW the currency can NC "Su
% New York and money Wall WORK
i easier. Extreme case In money 10 NOT
sexpected until It is definitely settled
4 hat there will be no greater war IN
Europe.
y The specially attracting most at
Stention today by its weakness was
&JAmerican Can. Directors OF the COM
pAny win meet tomorrow and put the
|. pfeferred stock ON regular per
scent dividend basis. and declare some
+ thing on account of accumulated divi-
bends which now amount to - per
cent No decision has been reached as
~ how much OF an extra dividend Is
~ bo declared, but nothing more than
: per cent quarterly III TO De expect
n "a at tho start. Net earnings Tor the
EyAAr 1912 will be well above $780,
8e0.
Tobacco stocks were strong potn, on
B me exchange and on the curb. and
Ainerican Snuff crossed zoo Tor the
8 6rst time. Cigar stores was back 70
within fraction OF Its recent high
level.
London was q buyer OF stocks ana
rarity because OF that, and partly be-
cause the bank call mas released mon
~ st home, bankers said tonight that
they believed the stock market was
! III Il very strong technical condition.
Nothing IN Lose,
The selling OF Southern Pacific to-
4 4lay senad 10 be for effect. Southern
" Fsnrfffc has nothing 20 lose BY being
sdfrorced from Union Pacific. and Il
It'll have some cash come into its
ElrAanmry through the proposed sales
FSsSs ~ Central Pacific line between
9Srder ard San Fra ncisco Resides
: ssssrs /. !. s.,s.,hl,ity ~ ous ~ ths
II Yssntern roA,is hnvtr1 southern Pa
2 8 ~. IN Scn4hsrr .aiIv.v - ~.
n ssss-.,.si. - .-..r.-.,,s ~,,,s 49, ~
= Ssr -. ~. V -. o..
y ss-1 Z. Z -. s.-.s - - o
S,. 80 S-e..s -, Tr.,sn. na.a .nu ssoo.
s.s.sss -. t'io :. auc uuI >
ID 1870. 10y y ~ SonanS y" ene
4 - - : ou.n sats Nouio pe more
conpiiancs Win the supreme
o1osrs tnah distripuaon 70
Il - = no'oers would De- because as
&fiDuticn would leave control exact
NE Mnere !. Is now.
ne decision cannot be construed
~ anything but buliish on Union Pa
lnc. because II does not compe
Vi Nhs0n Facinc 10 sell any or it's invest
Miena STOCKS with the exception Of
n sscutheFn racine, ana does not upset
the sIigntest decree the plans Of
kne iats II. II. Hartman. Mr.. Harri-
"A - saah bought the southern Pacific te
- the track between Ogden and Sar
and the court says 1t Is al
I5Eht to take that part of the line
4 aale Of the Southern Pacific stock
N y Mouid put the Union Pacific in fund.
IA the extent OF many millions. The
Qecision does not even indirectl,
lke az investments Of railroad.
zoe IN other roads where the invest
aeut Is less than Q controlling In