The Washington herald., 1912-10-19
VAIL ! GOSSIP

y ?. - ~ Il y 50. 80
Mevsadsa. INT rstusAsA fssn Du1eea
= . bts ban % eettpa - - olsel
ihfge buying orders 1his = ~ canss
90 present s1yance. s.
Van Antvsrp-The massse y % vsll
suppustsd IN ths inAustrsaI aspassmssst
action. q
| An order Of the Ineerstate Commerce
iCommission suspending unt5l Novsmb6s
p proDosed advances In clsss ra4ss nled
BY the Norfolk and western % sppsy
from Cincinnati Ohio. % points On ths
Carolina ClinchnelA and Ohio Railroad
vas yesterday vacated a. Of October =
The commission gsvs no reason for ~
eating its suspension order.
The foreign situation IL having Issa
e6ect on our market. slthea0A 4 wtu
Be restraining influence whis there ID
any chance Of the tmpegtant powsrs
Being Involved. On The Door Il looks ~
traders favored short siAo this morn-
ing. Commisaion houses are not active,
and no dednits trend u Indicated % far.
stocks should work higher.
Bird says: Am to,d by . eood trader
that the play In the. market b TO. buy
Steel and sell Copper against Il. The
Eood news on Copper u out and the
stock 10 up. and the earnings Of Steel are
Sun to be heard from.
The shorts are being badly punished In
Steel Buying stop orders are under u.
Linseed preferred has q natural mar
kst and 10 up on commission.houss buy
tng. The common h being manipulated.
| some say. BY ss Broadway. Both look
| well and held their advance.
Southern pig iron has advanced 60 csnts
a ton. making present quotations "a fur.
mace. This II n per ton higher than II
October.
wormser says he knows that the
United States Steel Cooperation earnings
for the quarter win be over Ssaeoeo0o.
The stock market opened OF Q little
yesterday in sympath with the lower f,g-
urss from the other ode. No weakness
was evident. however. and soon after the
opening large purchases Of steel made
their appearance. moving that stock up
nearly to 30 by noon. In the afternoon,
while Steel held very well. there was
some attack msds on the list. With re-
sultant declineA fractjonaily from
held relative less strong than the others,
and there seemed to be some selling Of
Amalgamated on the idea that the good
news was out" We feel in this counec.
ton that II will again prove . good pur.
chase on the recession. ~ its trade posi-
tion 10 very strong. While the market
closed of from Thursday. the declines
for the most part were quite small, and
merely 90 to prove the markets strong
technical position.
Specialist advices point to Q continu-
ance Of offerings IN international stocks
on the advance here.
Reported pool interests are taking
profits in Reading on the strong spots.
A higher Bank of England rate win be
established In case New York bids for
gold in London again. according to the
latest advfces.
Very good buying reported in Leathers,
but we think the reason for their back
wardness lies In the fact Of . big bull
interest.
In some quarters Of the street the Corn
Products bullish operations are said to
be largely manipulation
Some of the uptown professionals have
been selling Union. Pacific on the re-
covery. saying London has more stock
c. J. H. says: while the market may
be all right. there are too many Of
these pet pups being worked for the
good Of the market
The bulk Of the stocks are In strong
hands" says . powerful interest. The
markets action on the recent scare
proves there has been no vulnerable long
interest OF importance outstanding. Had
there been. the decline would have been
twice A. great. Financing ahead. COM
hined with this undistributed load. makes
for support for the market
money rates are likely to range
around 6 per cent" says a prominent
institution. This level will probably
be maintained for two months. A steady
market may be expected meantime. with
good trading activity"
c. J. H., grows optimistic on Ameri-
can Tobacco. He says It win 90 up nifty
points just al sure a. the sun will set
to-day: but don't mean that 1t will 90
up the fifty point to-day.
London must be nervous over the Bal
kan and the Mexican situation. Bank Of
France also raising its rate Is another
step toward higher money all over the
world
Here conditions remain good both a.
to business and a. to the technical con-
dition Of the market.
You have had your good news on COP
per. Let It aionA The crowd behind
are great artists and they shums the
cards very often.
Thsre are quite few here who have
switched Mexican Petroleum to CALI
fornia Petroleum and the floor hears the
latter 10 going up. It seems to me the
preferred ought to be very cheap at
Is 7-& The preferred shares With the
common after they both get per cent. |
MISCELLANEOW BONDS.
New fGk: oa. n-cio.ins qudsstins q nirei. |