The Washington herald., 1912-10-16
NALL SfRgEI GOSSIP

T. .. -. "a - y
Two vsuas fron now IL olSsa q
twm meke IN sxosllanf statsmene
Loasoa Navy bGysr a $500 lsess !,
Z 4 win DO bstter.
chapman = essuaan srs buying 81,
peoducts and thsg wese very ssccessfu
b huiling the / B. Stocks
me demand for stocks IN the Ia,
tcrcwd has bsen somewhat better 4
last two dlys The short Interest whtla
spparsntiy large seems to grow VIII
any activity. "a.
The government yesterday submitted d
the Supru.ne Court motion to aAvancl
United Shoe Machinery cases invo,vinl
violation Of antitrust law by combina
ton Of patent machine.
Great Northern for nscai year endel
June %: Operating revenues increas,
&Aeeo.lSe; operating expenses increas,
ec.I6s; net operating revenue incrcas>
N.SN.Qo: surplus decrease tlls,OtL
The strength Of Amalsamated Copper
forecasts an Increase in the dividend u
the meeting Of directors ON Thursday.
Indications now are that the stock viii
20 on per cent basis. Since ofganixa-
tlon Amalsamated Copper has paid to
its shareholders total OF about $7z.ooa.-
900 or an average Of approximately
per cent . year.
The move In corn products IL . traders
move run by J. Field and Caspasy. How
ever II is just what the stock needed "a
bring 1t before the public on the tape.
Commission houses are now buying and
II acts well.
There 10 q rumor that Housman 4 Co
sold . barrel Of Steel Tuesday morning
through brokers.
II ID rumored around the Street that
speciality pools have been warned to
hold Themselves In check and not carry
on . manipulative campaign Of agsfes-
sion while the foreign conditions fore
cast an advance In the bank of England
rate.
Information from high grade quarters
says there has been heavy Investment
buying Of Steel on the current setback
and that large orders Of a similar char
acter have been placed under the pres
ent level.
Reading reported being bought for in
side account on high coal prices. It d
said the independents are charging higher
prices now than the so-calied trust,
which could easily raise its rates and
reap harvest.
Rumors are current Of the taking over
v,vl 90 tv.n - =
stocks.
The shorts now outstanding in the
stock market are said to be larger than
ut any time since the start Of the recent
rise to late high prices.
Southern Railway seems to be favored
among low-priced stocks as . purchase
on this setback for big pull
Attention In directed to the point that
the New York banks are apparently
stronger In resources now than they were
At the time the crop funds began to
move West.
Important absorption of Reading for
much higher prices later lis said to have
occurred on the Balkan war scare.
Ah1e seems " Nc uo ionBer Ine eppH0.
hension over money that was noted In
some circles short time ago.
Odd lot buying Is reported to be taking
place on this break for outsiders, espe-
ciaily in Steel and Union Pacific. A
little has been found in low-priced rails.
Specialists report the presence Of offer
ings Of stocks In moderate amount above
leading international stocks. evidently
from foreign sources.
The British Columbia Copper Com
pany, after five months Of exploration Of
the Ada B and Silver Dollar mines in
Copper Mountain. British Columbia. has
exercised its option of purchase. Pay
ment for these mines will be made from
their accumulated earnings, 1t was an
nounced from the ONCE Of the company.
1t is reported In private advices from
Chicago that the shortage in our car
supply of the railroads has again in the
past two weeks materially increased
throughout the West.
There is a large private borrowing of
stocks. We find. however. considerable
short covering. II Is intimated that for
eigners are heavily short OF our market
as a hedge to protect their own holdings
Of home securities.
The American Steel and Wire Co. has
increased its prices for galvanixing wire
30 cents per 100 pounds to 40 cents. This
Is an increase OF g per ton. There Is no
change In the base price for Wire pro-
ducts, however. Rivets have been ad-
vanced 81 per ton In Pittsburg, making
the new price for boiler rivets SOS per
100 pounds and structural rivets SIS.
This is the second advance in about ten
days and this product IL now selling s.
per ton higher than two weeks ago.
Europe has certainly sold US a world
OF goods. in fact. the short interest last
night looked az II they had plenty Of
company from the bears both here and
abroad
The market should have a good quick
short rally, but you can and must ex-
pect q nervous market while war clouds
are hanging over.
Don't walt to buy them on these sharp
rallies-buy when weak and jump out on
the rallies.
CHICAGO GRAIN.
ben q The Chicago Board Of Trade. Bibbs Building
WHEAT Open. Hin Low Cloe.
Dscenber. .......-........ AE ~ s3a -
May. seh SS TA -