The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-18
lERAL TONE IS
HELPED IN STREET
u1CsAr. DECLARATION or PER
rEmr DIVIDEND on AMALGA-
MATED HELPS PRICES.
MARKET STAYS FIRM
2xwxT TO GOLFER GREATEST IN
u TEREsT is IN TOBACCO SHARES
ALL or WHICH ARE STILL
STRONG,
37F777a = :
STAYS FIRM
ey THOMAS @ sHorw Eil..

NEW YORK, Oct. I7.-phiclal de"
rlaration Of the per cent dividend
mn Anna LIZA nlated copper that has Neen
[SArpectesf for several months tuned UP
Eskhe general tone in the last h7i"hour
$8utiay. The result was a ftrm eRdhE
IN the day with net gains showing 10
1rassst stocks. Several u~w high records
sEsars snade. conspicuous among them
k1~tns g.artf, 1rd az 2t", and Corn FRO
Es17asts al "a is.
Thn market was drm at thH apen-
ling. hecauso London had begun 10 buy
Eanspe or the stocks foohshiy thrown
tSxsx.rtr,a~d last week The more light
E4hat is thrown on the foreign selling
ESnf hast week tn, moro absurd does
E4hat panic appear. Professional trad
kScrs In New York have very naturally
Nxpscies9 that stock purchased abroad
*s4y sustain tn, New YORK market last
@tSatnr,iav would be Uquidatea on tho
#s1irSt upward movement here. There
Efare. they sold the international
ezecks, expecting quite slump on
The secondary decline. Many persons
WDid stocks in this way who are at
aseart bears tn an advancing market
Ssrhs market has thus far refused 70
Sieid ana this morning those profess
Naonais realized that they must act be-
Tore the AmaIgamated dividend WAS
sxxisea or sustain losses Therefore.
nlfhoslch the highest possible authori-
Effes had said The Anatgamatcd diNi-
Aaend would be 6 per cent. these peo~
sic nut rumors III circulation Of dis
Eprd ia the board, and the possibility
Atf no advance at all and only per
cent at any rate. Somebody sold q
xreat block of Amalgamated around
81. and broke the price more than 4
4 fBf
The Anna lga mated company bought
fhirsv thousand shares of this stock
Trading ALMOST ceased throughout the
9enerai list. and il was not until ths
saArnaigaynated dividend was announced
f4hat any activity was developed. Th'
markat closed IN the midst OF VIVA
would have been an important rally
had there been half an hour more O
Business.
sssfsNext To Clipper the greatest iTter
est was In tobacco shares, all NJ which
Eere strong, but particularly Loril
lard. United cigar stores and Tobacco
Prcducts. Strength Of the latter TIVE
explained by the intimate relation
H31Ht have been essta hiished between
4hem The genius that. in the man
Agernant of United Cigar Stores, ha
Honverfed every $685. GOO of origins
5rApitaI into 81 ,00o,000 of present mar
ket price, has been made the consult
1ng manager of the Tobacco Product
company. The companies going int
4he new tobacco combine have. In thu
past, been restricted in their opera
4ions by lack of capital, hut witt
-. q. Reid, H G. F'rick, George Whe
Ian and men of that standing behfn'
&AeHa the plants viii now be able L
Dperafe probably.
II rd'c cd aIu shipl
faeans eighteen points in less than
week, IN due to the Turkish war. TIL
Gumpany has about five years suppl,
M Turkish tobacco on hand, and sine
The recent hostiiities began this tohac
VI has increased % per cent in value
xigarettes made OF It will therefore b
Increased 81 thousand in the nea
1uturc and as the company has a.
MANUAL production Of 4.o00.o0o,oo0 CT
EEarettes. this advance Will mean 81
1n crease OF the earnings at the rat
of $4.90e.o01 year. so long as tn
&fpreisu enlargement exists
Some mint Of wha, Europe will haF
Ito paw to America in the next yea
may be had from the September ex
&N9rts Of wheat which were otiiciall
Nnnounced today by the government
Ms 1914 00o bushels. compared wit
4,s37. oe9 in September last year. tn
Bank of France raised it's discoun
rate today one half per cent, and tn
Bank of England raised fits rata ! pc
cent, not to rebuke any stock marke
Npecuiators, hut to provide money 10
huying American crops.
Foreigners by the wa. have jus
NaafYered the loss Of something hetwee
AS.00o, o0o ana $40 .000, 600 because tn
4orefgn exchanges neglect to exercis
4he same strict vigilance that is main
1ained br the New York stock eX
Ehange in regard To the engraving O
egock and bond certificates Whoiesal
Horgeries have been commltte
broad and as many as three an
E40ur duplicates Of bonds have bee
discovered afoat. These losses hav
Eaused one suicide already ~ for
Rign banker. and no doubt were large
Sly Instrumental in pTecipitating tn
panic Of last Saturday. such Il thin
could never happen on the New YorI
otock exchange
Shares sold.
NEW YORK, oct 1T.--Number o