The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-14
NET ADVANCE N
GENERAL STOCKS
KxowLEpGE THAT CONGRESS rs
INVOLVED IN aNvEsT1cA-
TONS HELrED.
REPORTS SHOW PROFITS
TOBACCO EARNED es FER CENT.
ON COMMON STOCK AND SUGAR
Trust DOUBLED IT'S
DIVIDENDS.
REPORTS SHOW PROFITS
,By THOMAS c. sHoTwELL.)


NEW YORK. March l3.--Although
a reaction carried prices down in the
final trading today most we're left
with net advances as "a result of the
days business Business was on Il
hight scale. but It was confident
throughout. A feature was the sharp
raos ement among industriais There
was ample reason for this activity In
the knowledge that Congress IL so
hopelessiy involved in Investigations
as to make 1t impossible that any
tariff reform Of Importance be done
this year. This and the fact That
trust busting helps the trust busted
encouraged traders.
The tobacco ana sugar trusts made
annual reports showing record earn
lngs. Tobacco earned about 90 per
cent. on its common stock and sugar
earned double Its dividends. The
earnings of the Sugar Trust are large
~ caused by the failure OF tho beet
sugar crop in Germany last summer.
In the case Of the tobacco compa MES.
however, there Is no reason for ex-
pectIng anything less than new high
record earnings this year. Not only
was the tobacco crop failure in
the United States last year. thus MAX
ing raw material high. but the frag-
work giving the independents real
competition something they hesitated
10 attempt under the hand Of the
eaarts AAsane4- OF the name OF
Thomas Z. RYAN In the List of tobacco
directors is noticed. He sold out
months ago and Is free lance,
Advance In Harvester.
The advance In Harvester was on
expectation OF a plan for segregation.
IL touched new high record for ,ne
year The stock would have advanced
anyhow because OF the record acreage
te be planted In all crops this year.
Answer Of the coal operators to
their men was Published. II provided
, Tor a renewal 81 terms under which
the Industries and miners have pros
pered for the last ten years. The
line of answer is conciliatorv and
there is no reason for expecting a
Atrike.
Rubber Stocks Strong.
Rubber stocks We're strong on the
exchange on the curb. This Is due
10 two distinct reasons. The COLLAPSE
Of this movement Ia reform the tariff
makes rubber men feel sure their
business Will not Ice distur bed. The
Forthcoming announcement OF the or
ganization Of the new Goodrich Hub
bs.r combination furnishes speculative
chances for the shareholders OF con-
Germs directly or indirectly connect
ed with that company and the United
States Rubber Company
American Smelling. by the way, IL
to be listed In Paris before long. The
necessary cnsents have been obtain
ed and The formal announcement
awaits the pleasure of the company
Western Union statement oisprovec
the allegations of President Maekay
vi the Postal. that the company was
losing as "a result OF the cheap ser
vice inaugurated, for after providing
for ali fixed charges and dividends rot
the nine months OF the current fScal
year ii passed s2,2l5.a5I to carry q
surplus.
London Strong.
London was strong in It's home de
psrtment. as well as in the American
list This led to renewed hope of ri
uariy settlement of tho miners
strike.
Canadian Pacific was one Of ths
strong features. The report that Ca
madam Pacific is buying Erie wa.
afiua, again. but IL can be said or
the authority OF one of the highcs
officers OF the company that the Ca
madam Pacific has not purchased
Erie and has no intention of doin5
80. lie Etc mystery Will oe fieaTtt
UP In q couple of weeks II wa.
noted that the stock remained strnnt
today even when other issues wer,
reacfionary,
Professionals are working In TIL,
market on the theory that II Will ad
vance until the British coal strike Il
officially settled. Then they intend Il
jump on 1t and discount the Amer!
can coal strike in advance. Maybe /
would be wise to watch the farmer
piowing before selling too manl
stocks. The pillow hoy. IS running thii
market. and he Is working fartheI
northward every day.
Number of shares sold today. s71 ..
sbS; year ago. 37a. l61
Par value OF bonds sold today. 81.
10000.