The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-09-19
IRD PRICES Do
III TEMPT sAlEs
rssrArl0N II MARKnr DUE TO
coxGRrssloxAL coMnIrrnE
INVESTIGATION.
STRIKE IS WATCHED
10 EVIDENCE. TO SHOW THAT
SECRETARY OF rREAsURr
WILL DEPOSIT IN NATIONS
AL BANKS.
STRIKE is WATCHED
:, THOMAS c. sHoTwEIdl

NEA 1oESNs cSPr
slcnas wall Street said today that the
stocK market today was heavy IN the
= tart hour. but considering the shafp
Advance OF the previous day. II vas
~.u,arkabiy strong Even the high
i prfces recorded did not tempt tnuSH
y ssfiinr. The aggressive buying OF the
) ,.rrvIo,,s day was not IN evidence this
sfseruoon. but there was also lack
4 81 Evidence that any OF the stock
hournt on the previous day waa
hefnv marketed. Hesitation In the
market was due partly to the Reports
4hat Secretary of the Treasury Mac
yearh would deposit the treasury sur.
rlus In the banks. add to reports tnat
ire congressional committee would
kersr early In November digging into
xhn money trust mystery. strike
~ about 5000 men IN the Bingham
coppar mining district also attracted
eoue attention.
The strike at Bingham cannot help
The bear party ans=for. shaHla- those
4 rxnpert.es be closed. even for q brief
4 psrfod. the price of COPPER meta
rould advance sharply, Even the
mines iHeolved would profit because
they would be able TO market their
holdings Of metal At level that
lose during the brief period of the
Atrike. Besides. the copper trade Is
n such condition that the men would
be Induced to return to work speedily.
Nothing to Far.
There IS nothing to fear in the
I money frnst Investigation, because
there IS nothing in the banks to dis
eeTer that Ia not already thoroughly
understood by the public. BY the
ZINE the committee gets to work
the general public will be too busy 10
bcther about what the banks are
doing In technical violation of the
law.
There is not evidence that the Sec
retary Of the treasury is to make
4 deposits in national banks at present.
Bankers said there was necessity for
Slepositing at this time.
or the stocks to attract attention
to-day when they made new high
records Bethlehem steel, Cigar Store
ard American Can all " moved Tor
dividend reasons. 1t Is DEFINITELY
y known that bethlehem Steel pre-
rerred, which advanced 8 SIS points.
win get a dividend In the near future.
! The new stock of The United Cigars
STORE company may get even better
dividends than Wall street has been
.vnectfng. Can preferred will begin
ii 1918 as 7 per- cent regular stock
With per cent extra. Naturally
can common was firm along with the
nreferred. Great Northern Ore is
hcing accumulated by friends OF
James j. Hill. who believe that as
rcnn rs the steel trust lease expires
\ apfsae very important announcements
wili be made In connection with the
uroperty. They talk or par in the
next few years. The Sd group of
operators Is aacumalating Great
Northern stock.
Rubber CELLS Well.
There was good buying of rubber.
the stock crossing SO. The buying
IL due TO expectations that the com
pany will, within few years, be able
10 raise enough crude rubber on it's
own plantations at Sumatra to run
ain It's business. Tariff reform cam
not hurt the Rubber corporation be
cause II fs an exporter of finished MAJ
terfal. no other company in the world
being able to compete with 1t In its
partfcniar business. If the tariff IS
adjusted in such a way as to permit
the thing to be done the company
4 will establish tire plants In foreign
countries and import the tires. Amefi-
{ can Beet Sugar stock WAS strong to-
& day In spite Of the tariff bugabeo.
The company made 10 per cent last
year and better earnings are expected
Z for she coming season. 1t was re-
ported that the American Steel and
Wire business was doing the greatest
business in its history. There Is a
building boom all over the country
nor only for house. but in reconstruc-
tson OF railroads conversion OF steam,
trto electric roads
Careful observers of the stock
market are of the opinion that con-
i SENTATIVE people may wait too long
and be compelled 10 pcg much higher
: Tor stocks through imaginary fears
4 ~ something thai may, break The
market. but probably won't.
!. market. but probably wont.