The Washington herald., 1912-12-22

will be handed down on Monday an,
that It will be favorable to the rail
roads. but should II be against them, /
would likely cause a severe reaction. w,
| therefore would continue to assume
| trading position, taking profits on stroni
| spots with a view to getting them bacl
again on reactions.
The syndicate of bankers comprisinJ
William Solomon & Co., Hallgarten an:
Company. and lewiston Brothers hai
purchased approximately 1000 shares o
| stock in the California Petroleum Com
pany at an average price of 81, from tn.
| secondary syndicate. which was formed
to protect the stock in the market. Il
| is understood that the purchase OF thi,
stock entailed a loss of about $1,000
Summary.-Wickersha instructs J. e
! McReynolds. special counsel for the
! government, to make thorough study
of anthracite decision with view Il
determine whether further proceedings
shall be brought.
Reports show slight let up In volume
Of business transactions. which is not
unusual when annual settlements and
accountings are approaching.
Bradstreets report 80 business failures
in the United States during the week
against n for previous week.
Pig iron prices remain firm, and al
though no large sales have been made
recently. dealers are optimistic on out
look.
Vulcan DEFINING declared regular quar-
terIy dividend OF tx per cent on pre-
rerred stock.
Illinois Central has placed an order with
the American Locomotive Company for
thirty heavy switch engines and twenty
five Pacific type passenger engines.
II is reported that Berlin Is bidding 3
per cent for money over the year.
The Atchison has ordered 900 box cars
and 800 refrigerator cars from the Amer
lean Car and Foundry Company.
London was buoyant Saturday morning
On the favorable turn the foreign peace
negotiations are taking. 4 more optimis-
tic spirit prevails in financial circles, and
the feeling is growing that the recent
heavy decline in the stock market has
sufficiently discounted present and pros
pective unfavOrable factor. The
bank statement should be a good one
and any increase IN the surplus reserve
will aid In maintaining a more stable
money market over the end of the year.
So far as making purchases in the stock
market is concerned, as stated hereto
fore. we believe the long side the better
to operate on, but would prefer buying
IN moderate reactions rather than climb
ing after stocks.
Dividends and interest payments next
month will far exceed the payments OF
last January, establishing a high record
Of nearly a quarter billion dollars. Fig
Ires compiled by the Journal Of Commerce
show that a total of s944. 2S4.5OO will be paid
in dividends and interest. by railroads, in
1ustrial and traction corporations, banks
and trust companies, the the national
and greater New York. II
compares with sd, SO. 147 last January. an !
Increase Of 81, 49,, 35j.
The sum of 800. y, S22 will be distrib- !
Ited TO stockholders in the way OF divi- |
lends. or SS3O01S more than in January !
81. Numerous corporations will make in
creased or initial payments. Industrial |
companies will figure most prominently in !
his respect. Various companies will make |
payments on a larger capitalization. In
crest payments will call for SlH,O12, So,
" an Increase of $. 13l.166. Explanation
or this is furnished by new bond and note
ssues.
summary of next month dividend
Ind intereste disbursements, nth com
follows: