The Washington herald., 1912-11-13
WALL STREET GOSSIP

Up town professionals appear to still
be inclined to'selI leading stocks on raj
lies for turns.
Better collections are now reported
throughout the West. This may move
merchandise faster Orders for holiday
goods are being received in larger vol
ume than this time last year.
Toward next March it is expected that
there will be drawing in of capital
enterprise owing to the change in ad-
minIstration.
] Reading is now developing the great
est earning power in its history Dur
ing the current fiscal year 1t is esti-
mated that The returns will exceed Is
per cent for the common stock.
The number of stockholders of Penn
sylvania is increasing steadily, accord
ing to latest reports.
Boston private advices said the ad-
vances in the prices of upper and sole
leather have strengthened the position
of hide and leather and Central Leather
Company.
| Great Northern is in an impTegnable
position now as regards earning power
says a high-class investment institution
Foster q Lounsberry sold about 1900
Steel in all to-day.
The Canadian Pacific declared regular
quarterly dividend of ] "a per cent out
| of earnings, and 3-4 per cent out of
land sales income making l-2 per cent
| altogether on its common stocks St
Louis Southwestern September operating
revenue increased S1I2.5I6. Net income
increase, s2S.O12;-
We find conservative old-line houses
have sold a fair amount Of stock on
account of a fear that Wilson will do
considerable damage through tariff &C
tivities to business interests
There is reported from inside sources
much better buying in Reading on the
weak spots now. Whether or not this
marks a turn We do not know. The pro-
gramme has been to make no bull move
of Importance on the favorable features
OF Reading until after a decision from
the Supreme Court on the coal matter.
Some commission houses say Beet
Sugar should now be bought on a scale
down. Attention is directed to the point
that the stocks has declined twenty
points. which changes the pool condition
for the better.
We understand the buying OF Union
Pacific is improving. The stock has an
excellent earning outlook and was not
inflated on recent advances. In some
well-informed houses the feeling is that
it will be made the bill leader on a re-
sumption of the rise
The regular weekly meetings Of the
executive committees of the principal
roads in the Hartman system were held
yesterday. but an official of the system
said that nothing out of the ordinary was
transacted.
Regular dividend on Sugar.
Sentiment grows more bearish. but at
the same time short interest is increasing
to such an extent that II any good news
comes out l look for big rally. The i
cotton crowd is the biggest seller of
stocks, and as there is no indication
that they are ready TO cover yet their |
operations will probably continue to un-
settle the market until the foreign situa |
ton is adjusted. Buying is not agrees |
sive, but looks good.
Pittsburg makers have advanced prices |
for steel rivets 81 per ton. making the |
new prices $40 per 100 pounds for struc- |
tural rivets and $40 for boiler Bar iron |
is selling at $3.50 per 100 pounds Pitts
burg, which price is about S. per ton |
higher than 1t was a month ago. Wire |
rods are quoted at Pittsburg at $50 per |
ton, up 81 per ton.
~ l.
ing a high price whenever possible. In
siders are not selling Chino. and spe-
cialists look favorably upon 1t. With any
terially better. J. J. Manning says
Reading looks and acts well and should |
be bought on all weakness
New York, New Haven and Hartford
system has placed orders for
about 5000 tons of steel rails. divided
among the Pennsylvania, Bethlehem and
steel companies.
The Ontario and Western has placed an
order for 1000 cars divided as follows. 500
hoppers to the Cambria Steel Car Com
pany, 500 refrigerator and box cars to
the Standard Steel Car Company.
Meetings of the executive committee of
the MISSOURI racine anu benNef ana
Rio Grande will be held to-day, but it is
understood only routine business will be
Pittsburg.-Leading makers of iron bars
have advanced prices 81 TO s. ton.
The directors of the Standard OIL Com
pany of California are expected to meet
Friday of this week when an initial quar-
terly dividend of 21z per cent, placing the
stock on a 10 per cent basis. will be de-
clared, payable December 10.
Brooklyn Rapid Transit has placed an
order for 1900 tons of open hearth steel
rails with Pennsylvania Steel Company.
NEW YORK PRODUCE.
New York, Nov. 2-MILLFEED-steady; de-