The Washington herald., 1913-01-05
MARKETS---FINANCE---COM
WALL STREET GOSSIP

Professional operators are hunting for
weak tariff spots throughout the list. and
attacks may be expected along such
lines for time.
Stocks that may be hit by tariff cuts
are Steel Shelters, Paper. Sioss. Beth
lehem, Republic Steel, Wool. Rubber.
and Lead. Corporations benefited are
railroads. Car Foundry, Locomotive, and
Electrics.
Baldwin Locomotive common il being
wen bought and predictions of q great
rise later In the year are heard.
Insiders are predicting higher prices a
little later in Chino Copper.
The bank surplus is expected now to
expand steadily for some weeks This
expectation is based on the heavy inflow
Of cash from the West.
There are good reasons for believing
that accumulation OF Missouri Pacific is
quietly going on.
II Is saidsthe reasons for the strength
In Standard Oil curb stock are big de-
mand for oil products. low original prices
owing to ignorance of earning power,
and scarcity Of the floating supply.
There may be more liquidation in Beet
Sugar. Smelling. Steel, and Rubber. 1t Is
said the Dutch selling of Western Mary
land precedes a dividend cut. but this
Is denied. Reading has earned its full
dividend for the year in five months.
The buying OF Gas. Electric, Equipment,
Hill, and Norfolk stocks on recessions
Is expected to be very good.
The ,n,a
burg have closed for 5000 tons of struc-
tural steel, to be used in the construc-
ton OF bridge at Sheridan. Pa, which
will be known as the Ohio connecting
bridge.
Union Pacific announces that II has
placed orders for 24s locomotives for
Hartman railroads. seventy Of these for
Union Pacific and Short Line.
The Federal court at Pittsburs au-
thorizes the sale OF the Wabash Pitts
burg Terminal Railroad, with the stipu-
lation that no bid less than 100000 be
accepted.
Josephthal bought 800 Beet Sugar.
The article in the New York Sun on
Saturday morning on the Turkish situa-
ton is most important, and. II proved.
means the ending OF the war. and should
help the financial centers of the entire
world. Confirmation of this was re-
fected in the lower discount rates In
Paris. Berlin. and London yesterday.
Braden Copper starts the new year by
continuing TO develop its ore re-
serves. Latest advices report I'M
covering OF large amount OF ore in a
wholly unexpected quarter. In Fortuna
tunnel. No. 3, II was found necessary to
extend one OF the crosscuts to aid in
stopping of the ore, and to the surprise
OF the management the extension of the
crosscut continued in ore at the points
where seven years ago II was thought
that the width OF the ore body had been
defined.
ST. Paul. for November gross earn
ings, increase. sl,322oS5. Net operating
increase. $3.50. Sss
Puget Sound, November gross increase,
1859 s7s. Net operating revenue increase,
k3S2sa6.
Thompson Towle bought Unior Pacific |
this morning. Harris Winthrop sold. |
Foreign houses inactive, and they have |
no further news on the foreign situation
than was in the papers. Traders are |
sellers around the room.
Net earnings for Great Northern for
increase, sal, 81 Lehigh VAL |
ley quarter ended September 30, 1872; |
surplus after, charges, increase, s.0S1,lh |
Bradstreet's predicts a good business
year; winter wheat crop starts out with |
better condition. though with smaller |
area than a year ago.
Content and SBerner bought Union Pa
life. This stock is temporarily over
,old in the room, and traders will buy
IN first signs of a rally. Chisholm sold |
ZOO Reading to Chapman; Rudell sold
100 Steel, and traders all went short
IN the strength of the order. Hugh |
Murray and stop orders sold Mexican
Petroleum from " to 20. No amount of
'tock came out, and il was plainly a
irtve to catch the stop orders.
Hartman & Co.-London market for
Americans is irregular. Union Pacific and
steel showing fractional advances, with
leclines recorded in other activities. The
Unexpected passing Of the Beet Sugar
dividend yesterday was a surprise to
he speculative element. and coming on
op Of the recent advance, provoked
,rofit-taking and short selling. To-day's
,ank statement is expected to show a
lave Supreme Court decisions, also PuJo
committee activity. We feel conserva-
i've purchases OF the standard leaders,
those not affected by tariff
ak, will be in order on any irregularity
or turns.
Bostou-Private advices from New
FORK state that a sale of %. 900 900 pounds
4 copper has been made at II "a cents
'er pound.
g. B. Cnapin & Co.-The dullness of
he stock market yesterday was chiefly
ue to the rather general desire to await
he decision of the Turkish government /
s to whether they will accept the ulti-
natum of the Balkan states for ending
he war and also the character of the
ecisions the United States Supreme
'ourt is expected to announce Monday
n the much-discussed Minnesota Rail-
DAD rate case. and the terms offered by
he Union Pacific for dissolvins the
iouthern Pacific merger in accordance
With the recent decision.
Liquidation practically was completed
uring the forced calling of loans IN the
money stringency of fortnight ago.
'nly the readtustment of scattered weak
DOL accounts in special stocks have
ince remained to be cleaned up. The
ompletion of this process has been the
rincipaI feature causing the decline in
he several Industrial specialties this
eek
Thus. on the whole, the chances are
lore favorable for a better trading mar
ct next week. providing the Balkan war
settled and the court decisions are
MEM npv FANG rorrnu