The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-01-23
6||6lT l0RIllI
IS ENCRDACIlnG
ENTERS UxioN PACIFIC TEnRi-
TcRyvGAs AND STEEL
BOTH LOWER.
CANADA is GOOD FIELD
4. r. Is NOW PLANNING AN Elk
TENSION INTO VANCOUVER
TO DELIVER WHEAT
THROUGH CANAL.
CANADA is GOOD FIELD
eay THOMAS G. sHorwELL.,

fRy THOMAS G. SHOTwELl,.,
NEW YORK. Jan. 27.-Intsr-
borough Metropolitan issues were the
only ones TO show aggressive strength
to-day In Wall Street the preferred
and bonds making new high records
for the movement Coal shares were
strong most of the day. but In the
afternoon showed the effect Of profit
tsking. Denver and Great Northern
we're strong and Union Pacific was
heavy. thereby lending color to the
rurnor that Great Northern has en-
tered Union Pacific's territory by way
al the Denver. Consolidated Gas and
steel were both lower. Tobacco
shares were quiet
Formal announcement Is expected
tomorrow Of conclusion OF negoua-
tians whereby the Interboro ngh
new subway extensions 1t wants at
its own terms. The lnterborouSh
Rapid Transit Company, owned BY
Interborough- Metropolitan. has sur
plus of about sl0,000.800. and when
this contract 10 once signed there
will be no sentimental reason for
keeping II In the background.
Gas Report Disappointing .
Earnings reported by the Con.
solidated Gas Company board did not
please the Street. for II merely showed
only SIS per cant. earned on the
stock from all sources. Inc omciai
earnings reported on tne sae ous,.
ness OF the company were only 800
per cent The most important lea
ture OF the report 10 the announce
ment that although indlvlduai con.
sumsrs OF gas ana eiectricaty useo
respectively 2.s7 per cent and s.25
per cent. less than IN the previous
year the gross sales were respective
ly $50 per cent. and i%.ts per cent
greater. According TO these ngures
restoration Of normal business CON
ditions Will send the earnings OF the
eas company up with BOOM
Steel shares were somewhat unoer
the infIuence OF announcement OF
reduction to be made IN the tArin
on steel productx Leading steel men
do not believe that tAfin reform Will
seriously interfere with earnings.
The steel companies have sucn q
Aree volume o. ouAness on "T rnu
that prices are advancing again. the
American Steel and Wire announced
an advance OF VI = ton Tor wire Ano
wire nails and others are expected
TO follow suit.
Great Northern In z. r. Territory.
The rum0r that Great Northern
had entered the Union Pacff5c terri
tory wns handled exactly right In
Tire market. Union Pacific stock
went down, while Great Northern ad-
yanced. The street overlooked the
fact inst Union Pacific ~ undoubt-
.,siv nla srfnr IN build into Van
.r,.r.r n g. perhaps ON north
shrnnrh british Coiumbta 10 the
D.. :. v..,a. va,Iav. md Alaska. Moth
60 nfs.lsl can he ohfained nj this
.s. ratrv N. Canadian extern
49," - sna Trss,r,, p,ciei<, sv.ten, but
SH as-r,,s...s rtsal evidence
sn.ls. sho- that rumora con-
ssn0 0,ns ~. ~ "ss.r.snn ara well found
corning ths eA..non as haSa
"a. ~ 70 e.su Ass.s - ,,.t,h
ooeu ~ pn-...a r.naa. rs,s.
cam paasn Autno. aA.sna, -.
"a 70 mucn ~neal In.s -
railroads. haVe oeeH unAe 49,
what mas peen hATsss'cu anu
are 6D,Vov.Vov uusue" s"o u."u s..
ont IN the nelos 70 DO nA"oieo :"
the spring.
Bfitieh Columbia has a iimltiess
HdpIAy OF lumber ana et'af- aHa -ns tne
time = railroad could reach the Fease
bushels OF wheat annoalty TOT export
by way OF vancouver Ann the Panana
canal. The great number OF SHIPS
that Il VIII be necessary 10 nave 70
carry This, wheat TO Europe Will need
regular cargo. ana - VIII DC abte 70
bring hack merchandise al such low
rates that commodities can pc snip.
ped from New York TO tho states OF
WaSningtr~ Oregon hnd Idano cheap
er ~ way OF Liverpool and the Fan
ana canal than by way OF the ran
roads In the United States The VOL
urne Of this incoming merchandise
VIA be 20 great that It's distribution In
the United States VIII be necessary
and the Onion Pacif'c is undoubtedly
planning 10 he there ready to receive
Il.
Valuable adjunct
The railroad from Vancouver from
the Peace river valley and up the
Naaa, river to Alaska wouid be a val.
wonid esve Y oo.n.ns,ins Innusnee 10