The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-23
EsUME FIGHTING,
ARE F|RMER
BI1mH NOTABLE ADVANCES ARE
B nnroRrED DURING THE OPEN
ss ING HOURS
MORE GOLD IMPORTS
sRErORT Of COMMISSION GIVING
RAILWAY ENGINEERS SLIGHT
RAISE Is ALREADY DIS
COUNTED.
MORE GOLD IMPORTS
Nv THOMAS c. sHorwglL.

ss$ NEW YORK. NOV So pce~"N
4 AEhting was resumed in earnest DC
Tween Turkey and the Balkan states,
4 Foreign exchanges was somewhat
h yirrner today. and the gold import
y movement begun the previous day was
II DELAYED. In the morning, however
! stocks were strong and some notaoie
u advances were recorded, but In the
q Afternoon the list sold of The I'M
u saertone was firm up to the close OF the
q dsy and the decline was on but two
enles. The total trading of the day
u amounted to less than 100000 shares,
and most OF this began and ended on
4hc foor. The little people refused to
4 buy, and the big people were not
anxious TO cell,
Loca, traction stocks were among
4 che strong features. Brooklyn Rapid
Il Transit sold above % for the first
Il Tin : in months Interborough- Metro
politnn preferred was unusually ac-
/ 4lvc, and sold as high as 81. The
r reason for these advances was the
4 signing OF the contracts for building
4 the new suhways.
Increase Gold Imports.
Another half million was added to
INA gold TO be imported. making ST.
4 ESQ. 900 taken in London this week for
New York. In addition sl.25o,oo0 was
engaged In Berlin. Further imports
are expected next week and heavy
ahipments must come soon as a mat
ter of course. as the cotton bills car
h rfed In New York on account or ex-
ports are beginning TO mature. The
volume of cotton bills carried in New
York this year is beyond all pre-
cedent.
The money situation has delayed
e es<s, arlra and the big
leaders will he, patient ten days or
two weeks longer.
Some OF the important consumers OF
Steel have taken the trouble to get
#prices from leading manufacturers of
Europe. They find that nothing can
] be gained by buying abroad, and that
fherefore they might as well go ahead
and place theE orders with the Ameri-
ExAm maiia 'Tnerefore, the volume Of
steel orders continue,
Report or Wage increase.
Some apprehension Is felt by the
public regarding the report OF the
I eommission that has been consider
Ing the demand of the locomotive en-
Esneers for an advance OF wages This
fxeport VIII be published next Monday
ofiiciaily. but the substance OF Il was
Given In this column two weeks ago.
IN grants a slight increase, but the
strenuous objection made to the In
u crease by the labor representative on
commission suggest that the award Ia
ID sssIemsing 10 railroads. In fact the
II original information az published In
this column was to the effect that
Kshe railroads are very we'll satisfied.
@sHnd at that time the decision was
1 known TO the big railroadmen.
azasf Anv possible hearish effect of II.
{1ar ffrp fully discounted
American Can responded hut slight
@iy TO the announcement of the big
earnings for the first ten months OF
sts year.
Change in American Cotton Oil.
American Cotton Oil paid no atten-
ton in the market to the announce
ment that the same organization that
had made such phenomenal success
~ the Can company and the National
Biscuit Is to be. put in charge of the
q American Cotton Oil company There
A no Official warrant for making the
Etasement. hut il will be well 10 ex-
pect the election OF a new president
Uf the american Cotton OH company
Il before many weeks. The new Inter
HI AEts in the company have determined
k@t 10 equal the record Of the Proctor 81
Gamble company with which the Fair
hanks company. controlled by the Cot
Ton Oil company, comes in direct COM
petition.
HI London sold about Is. 600 shares Of
stock On balance today, and the pro-
fessionals in Wall Street sold more
q than they had
Sane finaneicrs and good citizens
approve the action Of the attorney
general IN abandoning his plays TO
prosecute the New Haven railroad for
rs deal with the Grand Trunk in New
\ England. But IL IL unfortunate that
the attorney general id NOT investi-
I gate first, and thus save the govern
& ment from the ridicule OF all BUSH
NJ Hess men and lawyers
Number Of shares sold today, 49,.
Il TIC. year ago 610.es2.
Par value OF bonds sold today. ST.
& $4,000, a year ago. *4.s70.000.