The Washington herald., 1912-11-24
MARKETS---FINANCE--C COMMERCE
WALL STREET GOSSIP

The acute fear of tariff revision is
wearing away in the minds of traders.
according to inquiries in various stock
exchange Offices.
smelters is reported very much over
sold. Private borrowing is noted for pro-
fessionals.
Most of the commission houses seem
TO think the market has not changed its
trading position, and are recommending
tnat daily operators seek scalps only.
Large gold exports from London to
New York are expected to be announced
Hext week. The negotiations are re-
ported to be for 100000.
Rubber is said to be in line for higher
dividend rate. On recessions well IN
formed buying is likely for the present.
Announcements from Washington of
permission to advance freight rates in
certain sections Of the West are rumored
as pending.
Pittsburg operators are reported to be
short, with Lawson, of Boston, of a con-
siderable line of Steel.
Outsiders will become interested in the
market just as soon as money rates de-
cline. according to Investigations. They
do not relish paying high for carrying
OF stock on margin, as during the past
few weeks.
Seems to be some support in the mar
ket particularly in Union. Very little
liquidation.
Weakness in Distillers was a result of
uDfavorable earnings and the expecta-
ton of a suspension of dividend payments
on the stock. The prices has now fallen
to nondividend level, and no one would
be surprised IL the dividend was passed
Porto Rican American Tobacco Com
pany has declared a scrip dividend OF
% per cent. bearing per cent interest
payable July and January. The scrip
is redeemable at par at option Of the
{ company after three years from DeCem-
Der 81. 1912. The regular quarterly divi- |
dend of per cent has been declared
payable December 5 to stock of record
November 10. Books open December 6. |
Chicago-A Sears. Roebuck & Co. off, |
ciaI says: 1T is our intention to con-
ttnue retiring the preferred out OF sur
plus as We have been doing in amounts !
of from $4,000 10 $4,000 a year. We |,
have not even considered its retirement !
in any other way.
LAS TO a new issue of common stock |
nothing has been decided and il is not |
now under consideration. 1t will not be !
for six months at least, and possibly /
not for year and a half or two years.
Some time, of course, we shall consider
the distribution of our surplus to the
stockholders in some form"
The output OF the more prominent
copper producers in this country for
The first ten months of 1912 approx
mated 1885,, 900 pounds, an increase
IF l2l5SO.OO0 pounds, or Is per cent,
'ver the corresponding period OF 1911.
Df this increase by twenty-one mines
Anaconda contributed 33.25O,OOO pounds,
'helps dodge S,607,7oI- The porphyries
Utah, Nevada Consolidated. Chino |
Miami, and Ray ConsoIidated-increas
heir output by 64.235.l37 pounds over
9ll, or 50 per cent Of the total
Net earnings of the American Can
company for the first ten months of
he current year year were &7,O2l.OOO,
n at rate OF Ss.425,20O per annum
FOR last year the net earnings were
o.i6,S9, or an increase of 100000.
1t is not expected that the earnings
he first ten months. however. as De-
ember is a comparatively dull month.
for that month will be, how
yer. considerably better than for De-
ember of last year.
The following roads have reported :
Teekly gross earnings:
ALABAMA GREAT SOUTHERN. :
lsI2 1911 Inc |
econd week November.. aOi.ao @re S7G21 ,
lly November A.. l.s7sTe lTlZs92 lsj76 >
CHICAGO GREAT WESTERN
,cnnd week November. 29.JiI Sa6s ACT
uly November H.. 5ln.ls 5lasa Ssse
NEW ORLEANS & TEN PACIFIC
ecOnd week November. S96H ST76al Sl2Tg
lly l-NovembeT H...... 3TUl5 3S9sIs III SIS
GEORGIA SOUTHERN & FLORIDA
econd week November. S229 SFTs2 Am
lly l-November a.. apS5 plG2 s78
MOBILE & OHIO.
scond week November. SfSTB SFH5 S45I
lly November A.. 4s665l 4SJ3E I5 9T
TWIN CITY LINES. [
scond week November. Sl5s sse NBOIe S5sO Q
'nuary l-NCzember L.. soi 67lsTs 5O6 4s5 Z