The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-12-06
MARKETS---FINANCE COMMERCE
WALL STREET GOSSIP.

Market looks like lower prices from
the floor. don't like the decline Of
stocks with the decline of money rates,
Pittsbnrg heavy sellers of Steel.
Pittsburg-An order for 5000 tons OF
steel rails has been placed by the South
ern Pacific company. Details are not
yet available, but it Is reported that
Pennsylvania mills got the business.
National Ginners' Association. report
ing ginning output 11,s75.oOO bales. shows
record output of 1.sS1.OoO bales in two
weeks following November Il
ton in November at sizes tons daily
against october's production Of Ss,T72
tons a day.
Southern Railway earnings, fourth week
in November, increased s2S5.152; from
July 1. increase, $2.l55,Ooo.
House Committee on Rules will give
hearing next Tuesday on O'Shaughnessy
resolution to investigate Grand Trunk
and New York and New Haven deal.
The Norfolk and Western has ordered
5000 tons of steel bars, plates, and
shapes for its shops at Roanoke. and
about 1000 tons of plates alone from
Eastern manufacturers for delivery into
1913
An oficiaI Of the United States Rub
Der Company said that there is no
truth in the report from Cleveland that
a consolidation of that company and the
B. F. Goodrich Company is being work.
ed out.
The Readings shipments OF antarctic
coal in November were 1.243,0OO tons. as
with 1,2sS.Oo0 tons in November,
1871. The figures indicate total Of over
!, 00Q 900 tons for all companies and a de-
crease as compared with October.
At the conclusion of the meeting of
the executive committee of the Harri-
man lines Thursday morning it was
stated that no announcement would be
made to-day regarding the plan of dis
posal of the Union Pacific holdings OF
Pacific stock.
Quincy Mining declared quarterly divi-
lend of $50 a share. an increase OF *
cents over last previous dividend. Divf-
dend payable December g TO stock OF
record November q.
The Great Northern Railroad Company
will increase its capital stock 81 900. 900.
which will be offered at par to stock OF
record December q and used to acquire
other lines.
subtreasury gained Sl.3O400O from banks
and since Friday has gained
s, $4,000.
At meeting of directors of the Gold
field Consolidated Mines Company yes
terday it was decided not to declare the
regular quarterly disbursement OF 3I
cents a share at this time.
Whether the market goes down or not,
,ifc.
London Copper weak; OF 10 shillings.
Separation of Union and Southern will
mean SIS plum for Union common II pre-
'erred does not share, and 81 IL 1t does
Public offering Of balance OF new Can
ada Southern first mortgage per cent
bonds which are not taken in exchange
oy holders of maturing first and second
mortgage bonds will not be made for
.hree weeks. according to present plans. |
Price at which new bonds will be Of
erred will be los or higher. depending on
of the bond market when they |
ire brought out.
Gross earnings Of Canadian Pacific for
'ourth week in November increased |
;3es, O0S.
Steel jobbers delivering products into |
Buffalo and surrounding territory have |
increased prices on steel bars and struc- |
urals g a ton. This increase affects !
Steel warehouse products in |
oittsburg, as well as those from New
York stores.
The trustees of the Great Northern |
Ore properties have declared a dividend
II 50 cents a share to the holders Of
certificates payable December q to stock
" record December Is.
Sentiment bearish and floor looks for
urther weakness to-day. Announce
nent of Can and Bag dividends has hurt
market for industrials that have been
ipped for higher dividends. Stocks seem
o be for sale this morning.
The Rubber Goods Manufacturing
Company has declared a dividend of
YER cent on its common stock, and regu-
ar quarterly dividend Of "a per cent
N preferred.