The Washington herald., 1912-10-30
MARKETS Y Z G''F q CT
GOSSIP


Some vsry high SfaAs buying y ~
ported TO b taking 1aacs in unioo.
Professionals are aghting The rallies
N the ltock market and the private
borrowing shows au sxtenaon Of the
short interest
Important dsvelopmsnfs are limited In
connsction with Int-Nst. In the nsar
future. A. near - We can judge they
Will b very favorable.
European buying 10 reported to b.
taking place In the Copper stocks on
this setback.
II 10 reported certain important specu-
lative interests here are buying calls
on American stocks from London option
dealers.
international banking sources here ex-
pect and per cent call money rates In
New York from time to time until the
end Of the year.
On account Of the nne prospects for
the Steel business good buying 10 found
In G. N. Ores.
The car statement to be published
Saturday will show . further shortage
In cars, II b said.
The California State Railroad Com
mission has ordered reduction Of pas
senser fares on the Southern Pacific
Railroad, which win effect . saving Of
fN~, a.
along the San Francisco peninsula
The directors Of the United States
Express Company decided Tuesday not
to declare the semi-aAnuA dividends
usually paid in November. Blk months
ago . q share was paid.
Illinois Central Railroad September
total revenue increase $s3.DL Net
revenue increased &n,0A
A member Of the executive commit
tee Of the Hartman lines says. with
reference to the Forthcoming statement
of earnings. that he expects an increase
in net to be shown. but increases in op-
Grating expenses viii be large. particu-
larry taxes. The gross will show good
Increases. :.
London Ii sold to Q standstill. Mon
day they shut down at IL O'Clock. hav-
ing nothing more to sell. Arbitrase
have to buy back 900 or SIS. 900
of securities.
Because Of doubtful loans made ito
real estate operators and laxity in man.
a&ement, which was persisted in des-
pite repeated warnings. Superintendent
OF Banks Van Tuyl closed the Wood
haven Bank Of Woodhaven. Long Island.
London market shows declines run
ming to a point in Copper and Steel. in
keeping with further unsettling reports
from European capitals. A banking
failure (size not known il reported in
Germany and banking troubles are ru-
mored in Paris. where the settlement 10
going on now as well as in London.
The continued success Of the allies
against the Turks il also making foS
an uneasy feeling abroad. Our stock
will no doubt show some refiec-
ton Of this state OF affairs abroad, al.
though not to the same extent. Trad
ing here II apt to be restricted now
With election day but one week away.
The FAILURE of Simpson Bros. Of Lon
don. jobbers in mining securities. was
announced on the Stock Exchange yes
terday. The firm was a moderately
large one.
Sub-Treasury gained a.72s.ooo from the
banks Tuesday. and since Friday has
gained $3,S4s.0o0.
a.. l. 49,
acre Electric Light and Power Company
will meet interest on bonds and that 1t
would not be absorbed or driven out Of
business. Railroad equipment orders
heavy in October, including 722,000 tons
rails and 3s.sos cars. London settlement
concludes to-day. Northwestern Railway
officials apd grain dealers estimate that
farmers nave stored In their own ware
aouses 100000 bushels Of grain held
back from the market. Erie's net earn
ngs in September H.5eo.354: increase Of
'176,73
Members Of the arbitration commission
which is considering the demands Of en-
yineers of the Eastern railroads con-
vened again Tuesday. Oscar s. Straus
was not present. 1t may be stated on
mission will not be handed down till
Colorado Southern lines report for year
ended June 30 total operating revenues
$l.S64oSS: net operating reve-
nues decreased N,l4S.s31; surplus de-
creased $7Ss.s25.
A good bear trader says after election
and a Democratic victory We may have
two or three weeks Of active higher mar
kets. but We must not forget that a
victory can be nothing but
! blight to this country.
Weakness in corn products is a feature
md is explained by the article published
Tuesday regarding the inability Of the
company to make a profit on the oper-
alton Of its Edgewater plant.
Rumors Of cut in metal price shortly
g causing weakness in coppers.
Somebody seems to be picking up Le-
high. C. d. Barney and Herrick Berg
we're principal buyers.