The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-23
B|NEERs HOLD
The WHIP HAND
rmE1R DECISION REGARDING
srnikE SETTLEMENT WILL
NJ AFFECT PRICES.
FLOODS GOOD THING
gGAN TOUCHES HIGH RECORD WITH
ADDED IMPETUS or RELIEF
IN TROUBLE FOR THE
RAILROADS.
FLOODS GOOD THING
NV THOMAS c. sHoTwsLL.)

{ dictator. warren - STONE, " Ho pIo'h
fses TO starve The city OF New YORK
81 the railroads do not grant an In
crease OF wages to the locomotive en-
rsnecrs. and be Quick about II. the
stock market was irregular today
There WAS free selling in the morn
Ing. BIZ persons who really believe
fhat one labor leader who has lost
his head. Is more powerful fhan the
limited States government
These stocks were purchased by a
xcw powerful bankers who still believe
the government VIII not wink at
eotspiracv 20 capture and destroy inc
Railroads with a side Of hunger The
tccnniotivc engineers may have 1t in
sbesr power to ssarve the country into
..ihjection But the labor headers over
hooks the temper Of the public, which
viii not stand for another horror so
quickly.
Grfzzied veterans OF the stock mar
Eef sroke with awe today OF this
threat % death to thousands of chill
dren ard invaiids Of New York City,
made by the chief Of the locomotive
engineers. and wondered what would
be doing II the head of trust were
to threaten 10 starve the public INTO
snbSec.ien.
The affair is explained here in de-
sinte the point Of view taken by SEN
sibie Wall Street The threat Of
starvation Is so sttrocioas that. in the
belle. OF Wall street. ii IS purely
bluff. There can be no rational opin-
\ ion Of tho probable effect on the mar
ket any more than there could be in
advance any theory or how the mar
ket would act II United States bat
tleships were suddenly 10 begln BON
4 harding the city. The battleshfps
would do less damage than the sfege
II hunger proposed by the engineers
Strike Talk Bluff.
The strike talk Is evidently a blutf.
The very immensely of the threat
proves IL. Furthermore IL was learn
ed today that the engineers did not
have Inc hearty support of the fre-
men As most of the firemen are able
10 Operate locomotives, the STRIKE
might be n failure. Since market
leaders must make ND their minds
AMI take "a stand In every crisis they
took the position today that there
would be no strike. and so bought
stocks There was short interest Oh
Ifnrortance created. inquiry develop"
81 that the committee houses ere not
d s,arrving any weak accounts worth
mentioning The little people ran last
week. when the Titanic sank. Many
. hass also been scared out by the
Fasals in the Mississippi.
Those floods are becoming all too
much of good thing But even
admitting that they may do consider
able damage by setting back farm
work 1t Is still fact that they are
the chief reason for expecting larger
crops than usual. Winter wheat II
looking bad. and the promise is fol-
-, ~ N IlsNi
every acre of winter wheat destroyed
can be planted In oats or corn. and
Che total of grain produced should bt
the same as if there had been no de-
Hfruction. The high price of wheat Is
no reason for abandoning the theor,
ef big crops. Muddy roads prevent
free movement of grain from the
farmers in some places, and where
there is no mud the farmers are too
busy catching up with spring work
Conditions Improving.
Fundamental conditions are con-
sfantIy improving. and nothing more
than normal reactions of the ssocl
market are expected.
Can touched it's high record price
to-day, perhaps with the added i'm
petuous of a belief that II strike Of en-
u Ein@ers would force millions Of people
10 live on canned goods. A more like
Il Isl. reas son is that the outlook for frui
and vegeta bles is such as to assure {
record pack of canned goods.
Pittsburg Coal was advanced II
record prices on a report thai til.
Y preferred stock would be retired will
second mortgage bond at par. plus
the 50 per cent. of dividends accumu
lated. 1t is estimated that the new
bond would sell above 80. The pre-
Z. n =. MA
ten points because of this report. al
though there is no ofiicial confrna
ton.
Railroads React Agreement
Of utmost importance was the un
of1iciaI announcement that an agree
naent had been reached by all partie!
concerned for complete separation OF
the Wabash and the Wabash Pitts
/ burg terminal. The Wabash is Il
u xs4 81. 600, eea. and relieved ef al
litigation and obligations regarding
the terminal company This will put
Wabash in lincsto be reorganized. The
terminal company will receive all the
4 coal stock and other securities held
1 By Wabash as collateral. The ter.
ninal company has also arranged te
pay off 5000, 900 of notes for which
Wheel and Lake Erie bonds are col
lateral. After this agreement is APP
4 proved by tho courts, the terminal
1 xs.aA iha Mheelirg and Lake Erie coRs-
fsanses wiilaiso he Ieacy for reurgani-
xatiA.
Samuel Entermeyer has discovered
and exposed an attempt OF the New
i Haven to induce minority stockhold-
Grs Of the Rutland TO approve the pur-
4 chase by New Haven OF the majority
stock of the Rutland AT s105 from the
New York Central. leaving minority
Shareholders out. In his fight agains;
acquisition or the Ontario and West.
cYn by the Central. Mr.. UntcrmeyeI
4 got a court ruling against purchase
~ a railroad company OF . majority
4 without at the sa nae time Offering the
v same terms 10 the minority This ii
n principle Of square dealing thai
II M6en1a bids fair To be made AN estab.
jaahed precedent In corporation deals
In the Street: Number Of shares
ii sold today. are. a year ago. asa.
8s6 32,
Par value Of bonds sold to day. 81,
b Isl. zoe: "a year ago, $2.10s.000.
I New York Money.
NEW YORK, April 22.--Money or
- x.yatapoa trsjau nDz.