The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-03-10


80 interboro- Met. ptd...u. 5s@s 50
Int Aicr Marine" CON-. -.
impuisiVc advance In stocks as Is Gus
toinary after every bear failure AS
Il matter OF fact. there would undoubt
| cd!y have been an upward rnovem IN.
had time permitted 1t, for gossip of the
street has latterly had Washington L.
Connor opposed 10 the market ard
! many brokers and erea, majority
or traders had forgotten that MIR. Con-
nor sold his seat two years ago and
retired from the Conner Stock I:x
| change firm. Under the circumstances
II was probably adyisab bic and gcncraIlv
otnchcial that the announcem int Of the
suspension was withheld until business
was all but over. for appreciation of
market from ali apprch .nsion on ac-
count of IT,
Old brokers said that the cause Of the
! Iohnor suspension was unprecedented
IN Stock Exchange annals Tho rules
oil me exchange are suppos ID 10 coyer
. every contingency, for they have been
| repeatedly changed for more than n
century as one nav devclopment nf,er
another has arisen. Thre is nothing
IN The rules 10 prescribe the course
OF action 10 be taken in case a mem
! DER becomes mentally incompetent to
DO business There might be rule
mat deliveries be suspended until a
committee could be appointed ov,r the
auhirs OF the unfortunate member and
ms business i!quidated through the
S'oek i-NchanSe officers. and many bro
kcrs thought there was some regula-
ton 10 provid> Tor such "a contingency
In default OF any such regulation. Il
was realized after the cause of ma
suspension became known that no other
course than an assignment was omen
10 Ezra $. Connors partner and his
brother.
ono OF the large commission houses
sunHla rizes market factors under Tho
heaos OF foreign situation, politics
business and stock market. On The
foreign situation il says: Our b,,n
ness with foreign countries is steadily
increasing, with balance on the cr.,,it
sac ana exports OF manufactures
gaming heavily. Money in plenty. but
Al niue hrmer rates. Large foreign
rrea't balances. Cold shipments to
i'arls amount since January 10 $40
100000 easily spared British coa,
strike adverse but attitude Of London
ihdicates expectation OF speedy settle
inent. Politics Is bulletinei as FIJI
lows Political outlook better because
public is tired OF antibusiness oncr.-
tons.
Less attention centred on Congress
i'eief that radical legislation will MOI
DC enacted Tariff changes will be
rev. and only those investigated bv
the tarin board win he considnrod h hS
president Taft. AS near as can be rath-
ered from present Indications. bust
ness sentiment is crystallizinp In
favor OF the nomination OF President
Taft"
on business conditions our house
calls attention to these points: "Crop
outlook unusually good More snow
and rain than for years. Evidences OF
expanding strength in the business
world railroad earnings show some
Improvement with warm weather.
outlook for Increased betterment
courage and confidence growing The
influence OF the seasons; spring nc
tivity coming. Continued strength In
iron and steel. Copper strong, with
good demand from foreign and do
nestle consumers. Bank clearinCs tn
creasinS Finally on current stock
market influences: Cheerful influence
or n stronger stock market Return IN
stocks higher than interest on money,
All bad news about everything nd
verse is known and has been dis
counted. Extra dividends on subsidi
airy stocks like Lake Shore, Pittsburgh
and Lake Erie, Rubber Goods com
mon II values are rising prices will
follow
Samples from other Representative
firms are by no means convincInc
They Indicate that in tho brokerage
houses there Ia the Same sort OF off
ference of opinion which makes n
morse race. Here are some of them.
While we do not expect the mar
ket to develop a buoyant advance until
crops and presidential candidates arc
mado certain, we don't think Il win
await actual developments in either
case to show decided Improvement
over present figures"
broadening of public interest IL in
dicative OF active fluctuations. with
general price tendency toward higher
levels"
1--WE would not recommend great as.
surance on the long side
1T Is reasonable to expect te,n-
porary halt after the maintenance OF
strength for over a week"
BY comparison with last year, tie
compilation of tho bank clearing for
the week is the most favorable Of the
year. The total was sa.So6,ooo.o 900 as
compared with S233f 900, 900, an In
crease Of 105 per cent. New York
City reported an Increase of lis per
cent; Boston 10 per cent; Ph'la delphia
1877 per cent: Chicago 1871 per cent.
and st. Louis 1913 per cent.
In Marshall Field and Company's
weekly review 1t Is snid that inn
mediate business. in most lines OF dry
goods and notions compares favorably
with year ago. Daily sales arc he
ginning to indicate specifically the