The Washington herald., 1912-12-28

Important financial interests say an an
nouncement may be made OF a favorable
character regarding currency reform in
tine next sixty days
weIl-informed sources say Interboro
preferred stock is TO be taken in hand
and advanced sharply soon.
A big fight is promised in Congress
between Bryan and the conservative ele-
ment as to the establishment OF a CEN
tral bank.
influential New England interests say
there will be very easy money next
month for two or three months at least.
corporations to issue perhaps $500 ooo, 600
new securities.
In speculative quarters preparations
have been made to advance stocks in
anticipation of 3 per cent call money In
January, according to latest gossip.
Boston is reported less bullish on the
Coppers, owing to the increase OF sur
plus metal stocks.
Chicago advices from banking inter-
ests in that city say enormous sums Of
money viii be shipped to New York dur
ing the next thirty days from the in
terror
Bullish reports are now being circu-
lated on Northern Pacific, Great North
ern. st. Paul, and Union Pacific for a
rise in January.
supt Van Tuyl, OF the State Banking
Department, to-day issued a call for
statement Of the condition Of all banks
and trust companies at the close OF
business on December IS.
Bank of England rate unchanged at 5
per cent London market for Americans
is fractionally higher after the holiday
there, although trading is duh.
One of the bear rumors refers to an eff
fort to dislodge a block of Southern Pa
cific stock, said to be protected a few
points below ruling prices by stop-loss
orders. We think Southern Pacific one
Of the best railroad purchases in the
list, for many reasons.
Rumors again are current in Steel cir
cles that George W. Perkins soon will
tender his resignation as a member OF
the United States Steel finance commit
tee. 1t is likely that he will continue
as a member of the board of directors,
as his term does not expire until 1913.
Mr.. Perkins has been giving very. little
attention TO the corporations in which
he is interested. devoting most OF his
time to questions OF a political nature.
It also is said that Mr.. Perkins will
resign as a director of the International
Harvester Company.
In connection with the report that Mr..
Perkins is to resign as a member of the
finance committee. II is said that no
statement can be made. due to the fact
that IL he intends to resign he has not
communicated the fact to the directorate
Of the corporation.
Peoples Gas and Consolidated Gas are
being suggested by commission houses
Of responsibility as purchases at ruling
prices. II Is said these specialities will
be found among the strongest stocks
later.
Regular dividend on Northern Pacific.
Markets that do I0l 900 shares are not
worth writing about, nor can much be
said for or against.
European news is better regarding
Balkans, but the last OF the year will see
a strain In the money market that will
tend to hold everything in check.
The Wall Street Journal says: The
Loose wiles Biscuit Company's business
has been of record proportions during
the past year Sales for the nine months
ended with September 80. 1912, were So
$50. 100, against S. 100 for the cOrre-
spending period in 1911, an increase of
more than % per cent. Since that time
no definite figures have been reported,
but il is known that the October sales
increased 40 per cent over those Of the
same month in the previous year, and
business during the remaining two
months is understood to have increased
largely over the former year. This con-
Germ is the National Biscuit Companys
only serious competitor"
The Mexican Petroleum Company, Ltd,
reports that gross sales OF its sub
sidiaries-Huasteca Petroleum Company
and Mexican Petroleum Company. OF
California-amounted to $4Sl,3fs (gold in
November, which compares with $S53,SSI
in October and $S24.759 in September.
A little more activity in the general
market from yesterdays trading viii
doubtless develop to-day, with the PROB
ability of a further advance being Wit
messed in the traction and copper stocks.
There is a pool working for higher prices
in both Of these groups. Fluctuations In
the rest of the market outside OF the
specialties are likely to continue OF
very narrow backing and filling charac-
ter until after the turn of the new year.
s. p WetheriIl, jr., has been appointed
of the philadelphia and Gulf
Company by the United States |
- 49, al