The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-12-14
BY 1. A. FLEMING.

Wall Street put up a varigated argu-
ment yesterday. 1t switched between
the bull and the bear side frequently
and after all gave a very creditable ac-
count OF itself, ali things considered
the more so as (. was the thirteenth day
OF the month and a Friday.
There were more gains than losses.
but the changes were rather unimpor-
tant, although the fluctuations were
sufficient TO permit OF a trader enjoying
all the action that might be desired
II there was any hesitancy on the part
of the bears in taking advantage Of
their opportunities because OF the
double hoodoo fact, it was not evident
until late in the day, when for the first
time the market moved sluggishly.
While the market is sensitive the de-
lirium has passed"
Perhaps it has, but of this an OBJ
server would be better able TO judge
after the receipt OF the Minnesota rate
decision, which will come down on Mon
day, has been digested. II adverse, the
htful fever will probably develop again
in short order.
But the street is not counting on the
adverse in this instance. As before
pointed out nearly every justice on the
bench has been connected with this
case and has been favorable to the
lower courts opinion.
Wall Street was lacking in definite
news of any character to give it i'm
petus, but the bears made their efforts
on the news that the street has been
cogitating over time and again. That
the bears did not have the advantage at
the end of the day was largely due to
the fact that many of them undertook
TO cash their profits and they found
competitors in the buying, investors
selecting stocks all around the room,
paying attention to high-grade rails and
to industrials that are not in the mo-
nopolistiC class.
There were no big gains. no severe
losses. And yet the fluctuations varied
within a range of two to three points
At the opening the bulls had the best
OF the first round; stocks weakened in
the second hour; came back again, and
went back fractiOnally from high.
With few exceptions, the gains and
losses were fractional Brooklyn Rapid
Transit, National Biscuit, Chino Copper.
Union Pacific, and Delaware. Lacka-
wanna. and Western presented the best
strength. Mexican Petroleum, concern
ing which there is a wealth of bull news
and arguments, lost > IS Colorado
Southern, SIS. and Lead preferred. =
Otherwise the losses were not important
the end of the week. many taking profits
and getting out for the rest of the week.
Investment buying was better than at
any time this week.
Redmond & Co, of New York and
Washington. offer an excellent security
10 investors, in the form of first mort
gage per cent bond, due in 1860, OF the
Bush Terminal Building Company, Of
Nsyr he 9
cured or improved real estate, situated
entirely in Ne York City, at a valuation
OF less than twO-thirds of its real worth.
The earnings of the Terminal Company
are double the interest charged, with
sinking fund provided for that will re-
tire - per cent of the issue at maturity.
This bond ought to commend itself TO
any one desiring an investment OF IN
doubted character, secured by real estate
mortgage, and netting the purchaser over
per cent interest.
Interest and dividend disbursements in
the city for January l, 1915, will total a
cool million dollars, to be exact, N,ll0,9SO.
This total is based entirely on distribu-
tiOns on stocks and bonds listed on the
Washington Stock Exchange.
With other corporation payments, the
total will be materially increased.
The largest distribution WIN be made
by the Capital Capital Traction Company,
S1S0OC0 being the usual quarterly divi-
dcnd on Sl2OO0,UOO of stock.
Payment of interest on Potomac Elec-
trio Consolidated IS requires the dis
tr.bution of Sl25,750.
Interest payments total S371,7JO Banks
and trust companies distribute to their
fortunate shareholders Sl17.SS0. most OF
these being quarterly distributions
The names of the various corporations,
banks, trust companies, and savings
banks, with the payments to be made by
each, follow: