The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-22

kMERS HOLD GRAIN
] rHoMAs q. sHorwEIIA

IAN 1Okhx NOV &i.--SSoCkS
ii perfectly natural way to-
when they turned strong and
Nmced on announcement that an
~ shipmcnt OF s15o.0eo OF gold
~ London to New York had been
Mged This liz the beginning OF a
'er gold movement II means that
4&orner has been turned in regard
tomey rates. and that from now on
ey will be easier. Standard stocks
Nnced along with specialtiesr and
khcie market tone was optimistic
nese In general is In the same
1lfion.
Ia chief reason for expecting an
nce In the stock market soon liz
FOR the first time In history the
IN export movement has been fl
Iced In New York instead of In
{1on II was by the aid of ma
|Esx sixty day cotton bills that the
rAnty TIVE company was enabled
&net the gold, announced ysster-
II for import. Many. million dol
worth of these bills are for the
= day period, and they Will be
|&nring in increasing volume from
on to the end of the year. This
New York bankers absolute
roi of the gold markets OF the
n for three months at least.
Farmers Are Rich.
nother very important develop
of the banking situation that has
received any attention, Is that
York banks are re-discountina
Tor Western banks this year in
SIume greater than ever. This
IA that the farmers are postpon-
payment of their bills because
are SO rich they DO not care to
ket their great harvest in
". They are holding back the
hoping for better prices. and
II their bills run on with the
n.
10 results of this action by the
YRS are of advantage to the STOCK
ket. The first Is that not so much
II needed by the Western banks
has helped the New York banks
Arry the load Of cotton exports
keeps more cash In the banks.
Is Il counts. and puts less in the
lets OF the people. The second
b, that it prevents congestion
kafic on the railroads, and en-
the roads 10 get the crop mar
wfthe ut the added expense OF
aficn that congestion would cause.
holding back of the grain Will
jsh the railroads with heavy
U M to the very time OF be-
Ing work on next year's crops.
Sn.iie at War News.
3fhOugh Turkey announced re-
Spticn OF the war, the financial
@ji smiled aAld refused to be much
Sxaed. Almost Immediately after
irnption of the war was an
6red. d great Turkish warship
gSnhled on Il Balkan torpedo, The
cssionais had begun an attack on
market at the resumption Of war.
when the Balkan torpedo eX-
I'D under the warship. the pro-
Ttonais began buying stocks again.
the result was IL strong close
figures about the best of the lay
with material net gains In many
<artments,
INCIDENTALLY ii might be mentioned
n In the last week prices OF pig
& have advanced from twenty-five
- Ia fifty cents a ton, and that the
E business is booming right along
Enuite Of the fact that the tarin
- be reformed.
American Can Advances.
Ut advance Of American IAN sto@hr
~ followed an unofficial report
q la the ten months Of 1919 the
@Tsany has earned above seven
6ifn dollars net This is an IN
He If nearly sl,5o0.o0o over the
res of last year. The last two
nfhs Of the year are not so good
the grand total Wit run entireiE
Eona the seven and n half million
"a Directors will. In about two
80. meet and announce that they
~ put the preferred stock on
cent basis. with perhaps per
II quarter on account OF the ~
*snent OF accumulated dividends.
|SIni4Td States Rubber made another
nigh record. There IS no o1iciai
mise of an increase in DIVIDEND
ID IN reported that the company
|Sexotiating for purchase OF the
|lA Rubber COMPANY, OF Boston. one
me greatest Of it's competitors.
Sher. like Can. will not be hurt
sSasy possih'e tariff reform.
{1mter OF shares sold today, ool.-
I: 4 year ago. 5s7.313.
~ valae of bonds sold today. w.
Hns,A. as4ar age, s4,ns2,n