The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-06-27
MARKET GOES TO
HIGHER LEVELS
NORFOLK AND WESTERN REACHES
HIGHEST IRICE IN HISTORY
OF COMPANY.
ATTRACTS ATTENTION
MICH BUYING FOLLOWS REPORT
THAT BALTIMORE WILL ELL
INMATE BRYAN AS A CAM
DIDATE,
ATTRACTS ATTENTION
Nv THOMAS C. sHorwELL.

NEW YORK. June 26.--With tech
meal conditions strong. crops improV-
ing. business good. steel prices Off
ciaily advanced, and sanity growing
in politics, the stock market just
naturally drifted today to higher
levels. Nearly a dozen new high
records were made. and most Of the
standard issues showed net advances
Among the high records today.
Norfolk and Western attracted mos,
attention because it was the highest
prica in the history of the con1naIlY-
The stock sold at plain is in 1885,
and n wear later it sold at even
after reorganization. The price OF
-Tfg 5-y touched TODAY. rTTe;f-fts TIE afe'9i-
sous profits 10 the old friends Of the
company Rumers were current OF
a guaranteed dividend by the Fan
handle.
@Tohaf-ff, shares were ether fechfh
breakers British American. which -
the real tobacco trust now. sold w
10 sna-a and 1t Was reported unofh-
cialiv that il stood a good chance
If getting an exclusive contract -
supply all the tobacco for Russia. the
btfving was evidently for inside "c-
count. as was that in Cigar stores
American and Liggett- Myor. al "i
which sold at the highest prices ever
touched Texas eli and tTeift-faf 4@s+'+-
trio made high records for the year
Illinois Central disheartened the
hears by declaring the regular semi
annual dividend AT the seven per cent
-ata The payment is justified, now
ever because the small arniuRs OF the
last ak months are the result OF
STRIKE and of Il record HOOD OF the
Mfss,ssi,pi. a combination that can
hardly Happen again. The crop con
dition = Illinois Central territory are
ideal, and record large earnings are
confidently expected Tor TINS Yea
The earnings Of Atchison for May
rave confidence 10 the street for the
road not only Increased It's gross
s4ao ess, but il reduced its operating
Axnenses s23o.s42. thus getting an
4narease of sG21. GEO in net
@..5.gss.z,s,-. Dissatisfaction, yantshes.
The dfssa tisfaction that was SHOWN
IN Tuesday, over the failure OF Aha
eonda.s directors 10 increase the diVl-
dend vanished today because II was
felt that the money would be worth
more speculstiNely IN the eaS
,han in the pockets Of the Stockholm
.rs BROOKLYN Rapid Transit viii IN
crease it's dividend AT the biginnlhs
~ the next fiscal year, making the
ya.e six per cent. Malt preferred VIII
Ve, per cent also, and the coPPsA
.nr,nanies may be expected 10 aa-
vance payments all along the hne'
Fear Copper Metal.
One thing that makes the paolc
nanr back, and miss the bargain safes
.bas Wall Street has been oHeflhs, is
fear that the copper metal market IL
No, genuine. II Is not genuine IN
the sense that the condition or scar
etty was brought about by agreement
Of the producers Just now as last as
!, 10 he,nr consumed The low prices
,nat haze prevailed some years nave
arcovra ped use Of the metal IN pidcts
uhere there was no great consuinp-
zion when the price was high the Iast
fims Automobiles, for instance, now
use ao, 600, 600 pounds of copper d
year a,,. followed
the raceipt by important men OF 'eie-
~rame from Baltimore saying the CON
vention would eliminate beth ID s.A''
and Roosevelt, as presidential pos'1
htlit,es With sane government as
.,red. Wall street does not care fiiuSn
~hether It is Democratic or hepnpIl-
~an The financial world rs recon :
cll.d 10 tariff reform. is hopeless "a
letting monetary reform and rathei
ukes trust busting-~so why shoulo 'A'e
market care