The Washington herald., 1913-12-31
WALL Street GOSSIP

President Earring. Of the St Paul, de-
mics he has any intention OF resigning.
Chandler Bros. & Co., New York and
Philadelphia, members of the New York
Stock Exchange. have announced the dis
solution OF the firm by mutual consent.
The New York Stock Exchange firms
of Feuchtwanger & Co, and Frank b.
Calm Co, will, on the first Of the year.
be consolidated under the firm name OF
Feuchtwanger, Calm & Co.
One thousand six hundred and eighty
five miles of new railroad were built In
the South during 1918, decrease OF forty
one miles as compared with 1yl2. In
Guiding Oklahoma and Missouri LOS
miles were built. or 27S miles less than
last year. The decline was particularly
marked in Oklahoma.
The mild weather recently has curtailed
railroad coal revenues, and also COM
parison in the munths thus far has been
with banner earnings a year ago, due to
the abnormal coal shipments following
the strike. Revenues other than from
coal tonnage similarly have suffered to
certain extent lately from the sIacken-
ing industrial conditions.
The readjustment Of Hudson and Man.
haitian Railroad Company's debt and tho
provisions in connection Herewith for nay
ing the then outstanding 81, ,I57, 900 notes
Of Hudson conf anies have been carried
out and the assets now stand at SS2,-
$50, 765. There is a note issue out of
1904, 600, bearing per cent, and accounts
payable on $S3,os1. A. circular to stock
holders says:
'The companies per cent note issue
Is increased by $4,000. from 8, 10000 to
,500. 900. On the other hand. the COM
panies' cash Is increased by practically
the same amount. This additional cash
was procured in this way, in order to
provide for a payment upon the principal
of the underlying mortgages upon the
property of the Greeley Square Realty
Company. This company owns the prop
erty at Thirty-third street and Broadway
under lease of Gimbel Bros, subject to
two underlying MORTGAGES for the prin-
cipal sum of s6,5OO.OoO."
The net earnings of American Can for
1913, as near as can be estimated at
present, will be around 81, $4,000, or prac-
tically the same as 1872 This amount
will allow for interest on bonds outstand-
ing and sinking fund of $4,000 and leave
dDOul SO,JOOVuO lot pTeleTTSu STOCK, DelnB
equal to slightly over 10 per cent There
is much talk that the company's officials
and attorneys are working on plan of
dissolution which will be acceptable to
the government, and in case this is done,
there is a possibility that part of the
"a per cent accumulated preferred divi-
dends will be paid or in 1914
NJ. L. Carpenter & Co.-Stock market
has a strong undertone and an advanc-
ing tendency. Any activity seems to be
on the constructive side and the char
acter of the buying is convincing that in
fiuential interests are increasing their
holdings. We believe that activity will
increase after the first of the year and
that prices viii gradually work higher.
New York Financial Bureau to w. b.
Hibbs & Co.-Irregular recovery may be
seen In the stock market following the
natural reaction in the general list.
An important feature showing the bank
ing approval of the new currency law as
amended by the Senate, is the Indication
by prominent New York banking inter-
ests that they will join the new organ
ization. In conservative sources that
combine progress with conservatism, sp-