The Washington herald., 1912-05-25
WALL STREET NEWS
Can, TobaecO, Gas, Rubber, Under
wood Steel and Coal Figure
in Days Light Trading.
By THOMAS 9. sHoTwELL.


New York. Nay a-Trading was on a
light scale to-day and what LITTLE was
done was in the speciaities, particularly
Americas Can. American Tobacco, Peo-
pies Gas and Rubber and Underwood
Steel, Union Pacific. and the coal stocks
ware quiet But the day witnessed prac-
Line deal which is only the nrst and
the. smallest OF the big railroad deals
that win surprise Wall street from time
70 time Il the next six months.
Part Of the details OF the Seaboard
Air Line 6eai became public but the
important fact that Frank J.. Gould has
arranged 10 take over control OF the
properly and that he VIII have associat-
ed with him the same powerful interest
that vent into Wabash with him, was
not made public.
The tobacco stocks were active from
the very beginning Of trading American
Tobacco rose Z points without a waver,
but when il struck 80 proft taking
carried It back to 20, at which price
it closed. At the same time. Cigar
Stores rose sharply on the curb market,
reacted and rose the second time to the
highest prize of the year. The Cigar
stores stock has been purchased freely
In the last few months by Foreign IN
terest ans ir the last two weeks much
Of II has been taken for interests evi-
IDENTIFY identified with the British Amer
ican, and the Imperial
It VIII be remembered that the United
States Supreme Court ordered the To-
baeco Trust to make It's headquarters' in
England instead Of in America, but did
not interfere with its business materially
in other ways. II ordered all Of the.
twenty-nine defendants, with the excep-
ton Of the British-American Tobacco
Company. not to buy any Cigar Stores
stock The British-Anerican Company
has a factory in Virginia and II, with
the Imperial viii be able TO keep the
cigar stores going along the same old
lines. The order OF the Supreme Court
is being carried out to the letter and
spirt-and with a great deal OF spirit
Good Buying in Sugar.
There has been good buying Of Sugar
stock recently, and the same reasons
that have advance Can should put up
Sugar. II the canning season is to
break all records. the use of sugar
should be beyond ali records. Some Of
the canning companies manage TO get
along with glucose, and corn product
stock should not be overlooked by the
bargain hunters. for corn is going to be
cheap next fall and gIucose dear. be-
cause OF the great demand for sugar.
Inc pears VINO are SeiLlng Odn so mer-
rily may get demonstration some time
this summer of what the stock really
can do when II tries. Insiders say it
has been handled very conservatively
up to date, but they are becoming
peevish under attacks OF traders and
humorists.
Smelling win not increase its dividend
to per cent at the next meeting. II
is not likely that any other Guggen-
helm stock viii have a dividend increase
at the meetings scheduled for the near
future. A trust company representing
minority stockholders Of Nevada Con-
solidated Is expected to make a protest
at the next meeting Of the stockholders
because it wants mining done on a
heavier scale to take advantage Of the
big profits to be made now in copper
metal, which is selling at a fancy price
It Is not believed that this protest win
make any material difference in the min
ing operations because the company is
already increasing its output as fast as
possible.