The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-12-05
WEDNESDAYS GAINS.
WALL STREET GOSSIP

HALL DlNEEl uUODlI
An active market for sixty days is ex
pected in responsible Quarters OF tn,
Street. Following temporary irreEularity
the tendency will be upward, is the pre-
diction made.
Professional operators are trying tc
break the industrial list on the Union
Pacific unsettlement.
| "A market that will not break 10 points
on an European general war scare, rad
ical change OF national administration
high money rates, and an adverse decI.
sion like that Of Union Pacific, is ready
to rise says a big operator.
Pittsburg private advices say business
continues to be refused by steel mills
except at good prices and late deliveries
next year.
Rumors persist in professional circles
that important news is pending in re.
gard to steel Is it segregation Of Ten
nessee Coal?
Standard OIL interests are reported to
be absorbing st. Paul on all declines.
The showing of the Pacific Coast extern
sion is said to be responsible.
Latest reports from the board and Nor
gan sources OF Wall street point to the
Liquidation of Steel by a pool, the size
OF which is in question. From what We
can learn, the pool was trailer. Stop
orders for long account have been caught
in considerable volume in steel.
Confidence Of the strongest kind lie ex-
hlbited by sources that have been bulIIsh
on Reading. II is said since the merger
decision the insiders have added to their
lines Of Reading in the belief that the
long-awaited segregation melon will be
cut in the next few months. decision
may come next Monday in the coal case
The stock is calculated to be earning
more than % per cent now.
The directors of the Tennessee Copper
met this morning. but took no action on
the dividend. The dividend meeting will
probably be held some time before the
Christmas holidays.
The American Tobacco Company has
declared the regular quarterly dividend
Of ~ per cent on its preferred stock.
President W. c. Brown. Of the New
York Central lines. announces that the
total number of loaded cars handled by
the lines in November was 1876, 4SS, as
compared with 1.S16,732 In the same month
last year. an increase Of 1876 This is
the largest movement OF loaded cars for
that month in history OF the system
The Pierre LoriIlard Tobacco Company
ba daclarad -
cent on common and the regular quarterly
dividends of ~ per cent on common
and IA on preferred.
The American SmeIters Securities Com
pany declared usual quarterly dividend
of IL per cent on its preferred A stock,
and OF IL per cent on its preferred B
stock.
The marlborough Rapid Transit Com
pany declared usual quarterly dividend
of ~ per cent. payable January 2 to hold
ers Of record December a
Caspary says little fellows have not
any stock. and big men have in large
quantities. and are looking for a. chance
to SELL The high cost of money is MAX
ing 1t hard for them to carry, and many
are throwing some over. Market does
''ON A-5AT AS"SA pAASSe ciOulu
prevail.
Representative Levy's measure for the |
deposit Of S500OO.0O0 in the national banks |
by Secretary MacVeagh will be consid- |
cred on Friday by the House Banking |
Committee. A call for the meeting was
issued to-day.
At a meeting of the directors Of the
American Snuff Company to-day, a reg
ular quarterly dividend of per cent and /
an extra dividend of per cent were de-
clared on common stock. The usual
quarterly dividend OF 1-2 per cent was
declared on preferred.
Louisville & Nashville October oner-
ating revenue increase, Sos. 12s Net oper-
ating revenue, December, $S11, AS.
Hooking Valley Railroad for October,
total revenue increase. S7S,Of. Net oper-
ating revenue increase, <59.016
The Guaranty Trust COMPANY has de-
clared the regular quarterly dividend of
per cent and an extra dividend Of 2
per cent.
Everybody is disguised with the action
of the Canadian directors. Most traders
we're looking for at least per cent ex-
ira.
Market shows a nervous tone in spite
Of strength in certain stocks. Impress
sion exists that decision will lead to IIoui-
iation in stocks held Illegally by various
companies. Although buying is good, it
S looked upon with suspicion. News af
Getting the market is so conflicting that
think 1t advisable to go slow until
hings clear up bit.
Strength in California Petroleum ia
'ased on expectation Of the placing of
he stock on per cent basis at
Meeting of the directors. to be held on
friday.
Directors Of the Interborough RAND
transit Company meet Wednesday morn-I
ng for the purpose OF declaring diyi-
ends on the stock Of the company and
he Subway Realty Company. II is ex-
'ected that the usual rates of 2 I-2 per
ent for the former and IA per cent
uarterly for the latter viii be declared.
is not expected that anything In the