The Washington herald., 1912-11-22
BIZ i. A. FLEMING.

Yesterdays New York stock marke
was Of the best from the viewpoint o
the bull since the election. 1t started
slow but strong, gained in strength
steadily, and increased activity con
tinued to develop up to the last hour
when 1t was a great big broad tradint
market.
The shorts, and admittedly the mar
ket has been oversold. began to show
nervousness early in the game TheI
knew that some important financing op'
erations were on hand and that thu
big men on the street make bull mar
kets for private purposes.
With the prospects for accord In tht
European concord, with an order fol
$50, 900 gold for import, with prospects
OF easier money in the near future, and
the satisfaction that existed on the
street over the retirement Of w. ].
Bryan in the Cabinetftory, Wall Street
gave an excellent and broadening &C
count OF itself. Ard the closing wai
strong and right up at the top Of the
days advance.
Singled out as weaklings in the midst
of much strength were American Brake
SNUFF, and Ontario & Western. Else
where 1t was the story of upgrade.
The announcement of the engagement
of S75o,00O gold for importation caused
SOAut COInInSnlp lHe InOIo 81 as IL "de
reported more would follow, but an ad-
vance in exchange rates unquestionably
served to check imports.
The announcement that the $40 600. .00(
New Haven 8 per cent one-year notes
were oversubscribed was another bull
argument in the field OF bullish news
Shorts were easily scared-they are
oversold and were willing to run hard
once they sized up the situation.
Uncle SANS great vaults are under
seal this morning. The seals were af-
fixed last night. When the morning hour
Of business arrives the necessities of the
day will be doled out. and then the ex-
perts, representatives of retiring United
States Treasurer McClung, and incoming
Treasurer Thompson, will do the count
ing.
All the government bonds deposited to
secure the national bank circulation, and
the bonds to secure postal savings de-
posits, securities to secure government
deposits, millions Of paper, silver, and
gold. in all, about S1,56O.OOO.OOO will have to
be counted to the penny.
Fortunately, the big vault down in the
basement, bearing the seal of Mr.. Nc
Clung, when he was appointed Treasurer
and examined the assets. is still un-
broken, and the count of that vault will
be accepted It has also been agreed
that all paper money from the Bureau of
Engraving and Printing that is in the
original package will be passed on Bu-
reau count.
Original packages Of coin from the
mints of $ and under will be passed as
correct.
Otherwise it is a case of counting, and
the counting will probably not end until
the middle of January or the first OF Feb
Tuary.
And then, when Mr.. Thompsons sue
cessor is chosen, in the near future, it
will be case of count again.
1t is a big job, even for expert money
counters, and their only satisfaction is
that additions are made by machinery.
"a certificate holder in the George
town Gas Company desires TO sell sew
enty-two shares of stock. the convertible
value of S1.SO0 certificates at g.
win any member of the directors.
who have been buying the stock at 800
to $3.50 a share give me 6 for my allot-
ment?
1T would be a great chance to ac-
quire larger holdings at a reduced price,
a substantial profit for me and every
body would be satisfied.
IF not, could not the holders of the
certificates call a meeting and appoint
committee 20 petition the court to allow
the promised conversion TO take place
before the stock goes any lower?
See what a big loss there is now be-
tween seventy-two shares at 10 and sew
enty-two shares at g."
know T.aOrrnfnur1 n