The Washington herald., 1912-11-09
.MARKETS---FINANCE-C Il COMMERCE.
WALL STREET GOSSIP

lWML STREET WSSP
chicaso-LA sale Street reports indi-
cate that 81 Faurs October gross In.
creased ssoeooe
We are inforussd that ''s. o." inter
ests began to take some Of their prof
its In st. Paul yesterday and to-day.
Traders wore quick to note this and
proceeded to sell the general list.
The Cambria and Republic Steel COM
panies have made additional purchases
OF Bessemer and basic pig Iron. totaling
5000 tons. indicating that they intend
to force their steel production to the ut
most for the next six months.
The known movements of money for
week ended with the close of business
on Thursday (hve days) Indicate that
the banks broke about even They
gained from the interior $5.2ss, ,1so. but
lost to the subtreasury S2s@, ,oeo q net
gain Of SsoelSo.
The Loose wiles Biscuit Company re-
ports sales Of $lo.45o.4oo for the nine
months ended September 20 last. AZ
| against 3S,3z7. 400 for the corresponding
period In 1911. an increase Of over Is
Fer cent.
The steamship Kronprinz wilhelm.
which arrived from Europe Thursday
and the day before. brought In all about
81. .0oo. 900 Of securities from Europe
which had been delivered there on the
| settlements completed on Wednesday,
October 80. Most OF these securities
| were delivered to important trust oorri-
panies and banks in this city, and these
institutions in turn delivered them to
foreign brokerage houses. including
nearly all the arbitrage houses. who
were heavy buyers Of stocks on Sat-
urday. October u. and Monday. October
II. when the foreign markets were most
| acutely disturbed because Of the Balkan
| situation.
Copper stocks increase las7ssT pounds
According to a report issued by the
Bureau Of the Census yesterday the
quantity OF cotton ginned from the
growth Of 1872 prior to November 1 was
s.S49.SsS bales. counting round as half
bales. compared with s.s7o.s6 bales in
the same time In 1911.
At q meeting OF the directors of the
Western Maryland Railroad Company
yesterday J. NJ Fitzgerald was elected
president, effective January 1 next. when
that Office becomes vacant by the resig-
nation Of Alexander Robertson.
The Utah Copper Company reports for
the quarter ended September 30 last net
profits increase $1,3ss0eO. Surplus in
crease. 1.3s2. SO The total production for
the quarter was q. .96S $40 pounds. as COM
pared with 2s.372,ocs in the preceding
quarter.
Union Pacific contemplates bringing out
a new bond issue In the near future. q
director Of the company says there Is
absolutely no foundation for such a re-
port. The Union Pacific does not con-
template new financing Of any character
in the near future.
Central Railroad Of New Jersey gross
increase. sE.6Ss. Net income decrease.
s56ce surplus decrease. S173.2s;.
Chicago and Alton. for year ended June
80. operating revenue decrease. S.7y7 Net
operating revenue decrease, 1854, ,E3 Total
net decrease. $S35,ca.
Cnofhcial returns received in Albany in
dicate the 900 good roads bond is
sue was carried by about $SSo.ooo.
Serious shortage Of cars on trunk lines
centering in the PittsburE district Is
holding up shipments Of coal. iron. and
steel
Chairman Prouty. OF the Interstate
Commerce Commission. is quoted as say
ing that II railroads can prove they can
not make fair return on capital at pres
ent freight rates the commission may al
low them to increase rates.
wabas sh Railroad gross earnings for
October. $30o3.9l2. an increase of $685. .sls
or 1875 per cent compared with October,
1911.
The Standard Oil party is reported bull
ish. Followers of this element are very
positive on this point now. II true. 1t
will be the first time a definite bull stand
of broad character has been taken by
the Standard Oil for a long period.
Amalsamated bull pool interests are
said to be unchanged In on optimistic
viewpoint on the stock.
Traders in offices comment favorably
upon the point that the market has ap-
parently met with but little stock on the
latest rise.
Rumors are current that some large
Steel orders are to be announced In the
near future. with another advance in
prices.
Foreign reports are more favorable to
Copper metal. according to private cables.
High class buying is declared by
specialist sources to be going on in the
Gas stocks. There is not much stock
afloat in the street.
Electric issues. are expected to beneft
by any tariff revision. and It 10 under
stood that investment In them BY rich
men here and abroad Ii probable soon.