The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-12-25
WALL STREET GOSSIP

There is talk uptown OF an attack to
be made on the list during the holiday
week on account of many absentees.
Good buying of Atchison is reported on
the declines. The convertible bond bur-
den has held Atchison back.
Some important financing is expected
in connection with several large Eastern
roads next month.
Information channels informed as to
Industrial spec Ilation still appear TO be
against Steel and smelters.
Persistent reports of open prosecutions
Of the Copper combine. Harvester Trust,
and Telephone amalgamation along Wig
crous lines are circulated.
Paris banking interests are reported
as having bought fair sized block OF
Northern Pacific lately.
The borrowing demand for Industrial
stocks is considerably larger than for
the rails.
Chesapeake and Ohio is being recon-
mended by some houses as good specu-
lation. Its high return from present divi-
dend make many skeptical of the prOba-
bility OF continuance of the rate.
Regular dividend on Anaconda.
Mayor Harrison. Chicago, says: plans
for traction merger and comprehensive
subways are well under way and should
progress rapidly to early contamination.
Basis for fixing the value of elevation
roads will be the cost OF them to present
holders plus bonded Indebtedness. The
plan proposed provides an amortization
fund and the purchase of stock at a GER
tain time. In case the city does not
elect to purchase the stock the debt will
be wiped out by the amortization fund
and the city will in the end become the
owner of the property"
BY 1852 the city would own all the
street railroad properties without any ex-
penditure by itself. and by 1853 IT would
be enabled TO eNpend Sl3O. 10000 for sub
ways without any expenditure by itself
The subways would permit abolition of
the elevated loop structure.
Estimated that American Steel Foun-
dries annual report will show big gain
over the seventeen months to December
81. 1911, when deficit OF $2J9,ol was eX-
hibted.
Total rail- orders during 1872 expected
to reach 100000 tons. or within 10000
tons Of country's capacity.
Boston-Osceola declared regular quar-
terly dividend Of 50 per share.
Present indications are that gross sales
Of the +. w. Woolworth Company for
the fiscal year ending December Il will
be considerably larger than the estimate
of $50, 10000 made by officials of the COM
pany in the early part of the current
year. Sales during the past six months
have been much larger than anticipated.
The average monthly gain for the year
over 1911 has been 1856 per cent.
In November sales of the company to-
tailed S5,G21, 262 compared with S4,5O6,062 for
November, 1911, an increase Of 4.I5, and
for the eleven months ended November
90 S., O7O, TOS as against $439Os.O13 for the
corresponding period last year.
As sales during the current month
have been running about . per cent
ahead of last December, when the total
was sS,7O9,S51, sales for December. 1872,
should approximate $1O.SS7.3l3 Adding
this amount to the total sales for the
eleven months reported. brings the grand
total up to s6l,964,G2O for the year.
As the company realizes about 10 per
cent profit on gross sales, this would
mean net earnings of S619s. I02, an
amount equal to 1O.2 per cent on the $50
600, 900 common stock after payment Of
the regular per cent dividend on the
SIS, 900 900 preferred.
Interboro Metropolitan Company's g.
O39.520 per cent one-year notes. due
January l. will be extended for six
months, until July 1. 1913, at the same
rate of interest. 1t is said that the full
amount will be paid off then.
Net earnings of the American Can
Company for the first eleven months
were in excess of S,7eO,OOO. which, before
depreciation charges, was equal TO more
than IS per cent on the preferred stock.
If December shows earnings at the same
rate, the entire year will show net OF
S. 1000 which. after allowing liberal
depreciation charges, will leave earnings
applicable to dividends equal to about
171s per cent on the preferred stock.
International Paper declared regular 4
of 1 per cent quarterly dividend.
Stock-A premium OF IS a share was bid
for Munsey Trust Company of Baltimore
stock. One broker said that so a share