The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-19
SUGAR OF PROFITS
FOR STANDARD OIL
Past Year Proves Prosperous
One for Holders OF Petro-
leum Securities.
DEMAND STILL INCREASING
Indications on Wall Street Point
to Speedy Revival OF
Investment.
DEMAND STILL INCREASING
NY pRo.apAN Wall.

New York, January 1S.-When the
crystals OF Wall Street history during
1918 are polarized by time, the sugar
OF profits Will be found in the pho
nomenal advance of Standard OIL Sc
curtties, at a time. too. when specuia-
ton on the Stock Exchange was alb
normally dull, with prices ruling at
Oil production in 1913 exceeded by
100000 barrels, the output or the
previous year, and prices for the re-
lined product showed continual adj
vances Fortunately. the outside spec
ulation in these stocks has been almost
entirely on cash basis. and there Is
in prices Huge profits were made in
Russian oil stocks, and the activity
Of the royal Dutch Shell syndicate and
She anxiety of British interests TO eN,
tend their oil concessions in Central
and South America, is matter of
public record.
Uses 10 increase during the coming
YEAR. iusuring prosperity to the re-
viii speculative activity return to
Wall Street? The answer is einphatt-
cally, yes. With the delivery of the
Presidents message on trusts, INDUS
impetus.
stock market prices arc already an
ticipating revival Of activity tn ~. but
pectation that Eastern railroads Will
hc granted the right to increase freight
lates, An eminent authority places
The world: United States 24l,ooo; Eu-
rope 2o7.ooo; Asia $4,000; Canada, ga
600: Central and South America: CO.
II may be noted from this table, how
the solution of our transportation
problem is Of the utmost Importance.
The very moment that capital can be
assured of q minimum wage" of in
tcrcst, investors undoubtedly will be-
come buyers OF American railroad Sc
The sharp setback to general busi-
ness was further reflected by Satur-
days commercial figures, showing a
decrease for the week of S266, 200, 900
in the bank clearances OF the country,
with the largest falling off in the man
ufacinr centres. This movement has
resulted In an inflow OF currency to
Now York that has broken all previous
records. Saturdays bnnk statement
showed an actual gain of S26,S0o,00O in
specie. and the clearing house banks
reported the largest actual surplus on
record, Si3.00O.000, and this comes on
the heels of the passage of u new cur
rency bill framed with the Intent of
insuring to farmers ample funds dur
ing the next crop-moving period. Sure
~ conditions were never so propitious
for rcawakening of Investment and
speculative interest.
Aside from the pronounced improve
ment and activity in the market for
side interest has so far developed in
stocks. Such inquiries as have APP
peared find a stock market practical
Is bare OF first class stocks. and buyers
are forced TO raise their bids TO secure
even modest quantities.
Segregation of assets promises &c
supply Wall Street with Il liberia
amount OF shares for trading purposes
that have long rested I'm the treasures
OF the trunk lines. Baltimore and Ohio
from the Union Pacific, points the ten
dcncy. The segregation of Reading
assets is, of course. only 4 question oi
time.
Pending these developments. good
huying is noted in the Erie shares. aud
the issues of Southern Railway. South.
crH Pacific was picked up by brokers
r"presenting banking interests on an,
sign OF = recession
This la 81 good time for discrimina
ton. Conservative bankers are ndvis
ing clients to exchange their holding:
"f New York Central for other invest
ments The problems that confron
THIS company suggest a lower rang,
Of prices Tor the stock The debate,
Rock Island holding company is almos
beyond hope, and Northern Pacific 4
gradually slipping away in value. j
not III price.
The first fortnight OF 1914 was ful
or promises for the investor. and sug
gestive OF profits 10 the stock brok er
that have wcathered seven lean years