The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-06
OPENING STRONG IN
ALL DEPARTMENTS
l0SpoN SENDS BETTER fRtth>
TO WALL STREET AND TONE
Is HoPEFI l..
BOND BUSINESS GOOD
sTeCk ~ DANIEL Rrru's new ~
DEPENDENT TOBACCO COR
rows ALTON CoNTiNt Es
so SOAR
BOND BUSINESS GOOD
nv THOMAS c. sAorMELL.

NkrN YORK. oct 5.--London seat
better prices to Wall street TO-DAY, anu
the opening was strong in all depaF'-
mentS. California Petroleum was
transferred from the curb msfNet 10
the New York stock exchange, and HS-
gan its career with $4,000 shares from
AZ to r IL. and back 80 TO- ne
stock maintained its advance reIlalN-
ably we'll LehiEh Valley showed con-
siderable strength. The stock OK
Daniel q. Reid's neN tobacco corn
many. IN the curb. sold 81 Us Tor the
common and fel fer the preferred. Inc
e,-7narv has not yet been ORGANIZED
There VAS also accumulation seen
:, tho Gould stocks, Wheeling ana
yake Erie. Missouri Pacific being III
demand Colorado FaEei il also helfs
favored more and more by conseFN"t'Ns
interests, who believe Il Will be aseu
as the manufacturing end OF the ffin
ore Lands There was good trading IN
the general list, bur no specfnc NE IT,,
est displayed IN any department -
s.arss u,rra strong and Union Pacinf
rose easily,
Tnterhorough Metropolitan preferred
wus In demand on the recurrence 81
r,,rnprs that something will be Paid
~ ,ba near future on account of the
m ner cent dividends that have &C
n,,s,astas Az there will be big bond
,~xuex on account Of the fractions be
fore long, in order to furnish meneF
for building the suhways, the foeA'
fractions are receiving much ATTENTION.
from speculative interests
Bond brokers report better business
ana "a spirit Of optimism pervaoes tue
entire market
The stock market In the past week
has gone through experiences that
nave tested the stability of underlying
conditions The minors OF war ID
p.nry,na caused. heavy selling by Lon
don which followed a seTni~panlc IN
Berlin, and actual panic In N1eni'a'
II ~ estimated that fully soeo shat e :
~ stock were sold I'm New YORK Tor
European account, and Yet the Ho-
nnent the selling was stopped py ueN
ter conditions In the balkans, ,Is
market leaned forward 70 new n a1l's
Money also eased of SUD
aenlv following the October LIST ats-
hureements. Railroad earnings showed
phenomenal increases In gross. ana
cron news continued Of the same su~
nerIative character that has character
iyed It IN recent weeks
y. would be strange, after such
sharp advance In the general STOCK
market. II there were not some fea1
ton. And yet there IL Wthtohe
money idle in the hands OF brokers
waiting for reaction on which 70
hwy stocks. The great fundamental
fact behind this =znarket IS that ttie
country il recovering from a prosFact-
al period OF panic and business ae-
,ressjon, and that II has started Wtfn
tna largest crops on record ana Win
tbe smallest amount of merchandise
an hand that the country has seen
for il decade. All fresh business. there
fore. means a auickening of industry
from the very foundations fhere are
no stale supplies on hand ana 'or
the. reason every industry III the couii~
1ry ia Feeling tre quichehlhg ih''UH'i1c
Of renewed prosperity u,
Go3d imports continued, and fnu9'
continue for months TO supply the de-
rnana Of America for produerrv" ohsi,
ness purposes. The Bank of f'hslano
lost cash the past Week, anu VIII OF
-o,unnIled to advance It's discount fate
in the near future. inc bahh -
Erance created some apprehension ny
.nsnandInp IN wednesday the pay
,ren. Of gold That. however i
merely a sign Of conservatism. Inc
EASY money rates that preVall ABROAD
ara rroof that complete harmony
.xIs.a among the great nations VI
,neard ~ the Balkan situation. mere
IL no evidence that any one OF ,nel'
in attempting 60 secure an a"' AL