The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-03-31
.HARDCOAL STOCKS
MARKET FEATURE
Trading Stimulated by Posi-
bllity Of Settlement of Labor
Dispute.
ALL's- CHALMERS IS STRONG
Result Of Packers Trial Is Giving
! Comfort to Wall
Street.
ALLls-cHALMERs is STRONG

stocKB were strong for some unknowi,
reason. doubtless connected with the
rcorgHntEatios plans Of tho company.
but the feature OF tile market In
every way vas the hard coal stocks,
these being naturally stimulated by
me announcement OF the newspapers
OF the settlement OF all difficulties In
thci bitunlnous coal regions. and of tho
application Of the anthracite miners
ior another conference with their en-
ploycrs. Optimism was again prc-
Salent in London owing TO the pros
pectirc adiustment OF labor troubles In
england, and London houscs sent re-
ne"cd buying orders here for 1tockR.
DuriilS the day II Was stated that the
american Bridge COMPANY one of the
'esolnS subsidiaries OF tho steel Cor
poration had advanced t.lc price Of
structural iron 5. ton. The market
retained It's pronounced and general
HrhihcsS up TO tine close of tho day
wheh y recedcd little on the over
tne-end-wcek proft taking by the
STOCK exchange room trading, element
IN. bank statement made a showing
when under ordinary circumstances
"ouil he considered surprising but
winch, OF course, only represented tan
temporary Increase Of lrnns. and lock
ing np of cash on account OF our
Jennings abroad, and TO The
preparations here for financial dis
onrseinents on AprIi 4. In both the
ac'uai and average iorms of the bank
htHt"mtnt t.icrc wax a rcry heavy in.
crease In lonna. AMI n decrease in cssh
with correspon,I.ugly large falling
OH In tho bank surplus
Events oil the week of dircc, i,.,r
est 10 the stock market w.rc no,
ma ny. The result Of the packers trial
IN Chicago had a favorabl. effect unonI
financial sentiment because IL ndJeJ
another to the list OF accumulated
proofs that hostility 10 corporation. in
ne country is less than 1, was. and
DO Justice in this matter.
The issue or $50. 500. 900 bopt. unou
Inc subsidiary companies bv Inc
United states Steel Corporation waxi
rather unexpected. although II was
i"iiy III accord with tho program laid
uoWn moro than year ago by the
mana cement OF the corporation. The
freal Steel making concern having
spent more than 100000. 900 out or
earnings upon new structural vol.
reels Itself entitled TO raise az least n
part OF the money needed 10 cotnp,o,c
this work by a bond issue W.uI
street construed the matter unfavor
ably at first but afterwards took n
more kindly Wow
Full TO REPETITION as the newspapers
were with storics OF labor dInlcuitics
all over the world. these seemed TO ex
erclsc comparatively little Influence
on the-secnrity market
The English coal strike is ended. The
demand Tor bituminous coal strikersi
In our own country for higher wages
mas been adjusted. and il is substau.
naiiE certain that like adjustment
VIII bc made in the anthracite section
rms settlement in all probability willI
nc accompanied by. higher price To-
coal ana The coal mine owners win
not lose money by II In the long run,
Gossip OF the Market
standard OIL. OF kcntucky sold at
100, decline OF 100 points from Eri
gay close and 500 points from the
nigh mark of the week. So one OF IN,
news agencies reported. and the rcportI
must be believed by everybody who
believes all the curb reports about
transactions In Standard on secur,
Ties. The statement tina; the stock dc
ci;ned 500 points presurnes. OF course.
that. II actually did cell at 1000. and
or so ago that two shares did sell MT
that price. There Is little doubt tina
there was transaction at that price.
even IL there were not a sale.
Allis-Chaimcrs common sold at sd
cents share last week. and tht. pre-
ferrcd at s3.95. To-day the common
sold up to 80 share and the preferred
value OF the common alone was enough
TO stimulate the imagination Of The
person who forgets that commission
carrying charges. transfer charges
and so on must he paid on all stool;
transactions. II It were not for thos,.
charges the advance In s-Chalmcr,
common would have no,tei 600 prr
cent.
The operating department OF the
railroads have undoubtedly shown
more satisfactory results this mon,n
than In any other month of the fiscal
year General business has increased
and there has been a great deal OF
traffic deferred by the hard weather or
the first two months cf the calendnr
year.
February gross net earnings. as I'm
as they have been presented. com,arc
much more favorably with ths corr.
spending month last year than diJ Ian;
nary earnings. and March earnings mac
break all the records. These March
earnings. however. must b. considered
seasonal. compromising for the hard
ships of other months in the winter
Chief among the topics discussed this
week In. connection with what Apri,
holds In store for the bond market was
thu extraordinary dispatch with which
the S5,500,000 per cent. Gillian loan
was sold by London bankers on We'd
nesday. In no time the Offering was
many times over subscribed AS the
the first bond Offering OF exactly thnI
character In several weeks. the episode
attracted unusual attention. April has
record as bond month In 1909
one tenth of tho years sales were in
that month. trading In bonds on tho
Stock Exchange rearhing the com
handing figure of s1SS,si2,0oO par
value OF course, 1909 was a record
showed clearly the turn after the panic
of 1907. Last years spring investment
demand did not fully mature until May.
Trading held steadily good through
that month and into Juno. when th,re
was a slump which lasted. until .Octo.
her. Several large bond ofie ,lngs are
scheduled for APRIL With $160. % 1000
4, In, f,,. a.