The Washington herald., 1913-08-10
WALL Street GOSSIP

w. W. Price-There was a further re-
sponse to the policy of the Treasury in
placing cash in the hanks, and at the
close our market was decidedly strong
There are no news items of Importance
The London quotations come in showing
changes that are not important. and in
the majority of cases there are slightly
improved values over our close
S. B. Chaplin & Co-The government
crop report of Friday has upset the ex-
pectations of earlier in the week for a
continuation of the bullish activity which
WAS then in evidence In the general mar
ket.
The only crop larger than last year is
wheat. and a large percentage OF that
will have to be used for feeding purposes
TO make up for the shortage In corn and
other feed stuffs. Thus the outlook is
too unfavorable at present to justify a
continuance OF the bull movement.
Warren-Abnormally high temperatures
in the Southwest still prevail, and the
calamity to the corn crop already seems
sufficient to warrant hish-priced corn.
Walter f. Frew. chairman of the clear
ing-house committee announces that at
a meeting of the committee Francis l..
was appointed to represent
the New York bankers at the coming
conference to be held in Chicago to con-
slider the pending currency bill.
Mr.. Sulzer bought stock for invest
ment last October, at least he is exon
Grated from any knowledge of sinful
Wall Street-Exchange.
London was irregular. The foreigners
in common with many Americans,
are not altogether satisfied with the crop
and believe there is still chance
of further trouble in the Balkans and of
very serious trouble in Mexico.
The attacks on operations planned by
politicians are increasing in number at
Action of the market FRI
day. however, demonstrated its sold-out
and leads traders to believe
that there is very strong manipulation
for a definite purpose. Some of the
ablest operators believe that everything
bad in the situation has been discounted.
Childs says: THE room generally is
bearish, believing that under existing
stocks have rallied enough.
There is still an absence OF leadership
which discourages anything but a trad
ing position which looks like best policy
At this level"
In the year just closed the Denver and
Rio Grande earned a surplus of 81, 600
cient to take care of the Western Pa
cific's deficit on the years operations.
but will permit the Denver over and
above that obligation to credit about
'Gl0. .0C0 to surplus account. The Western
Pacific is doing better than 1t has done
1t any time since it commenced opera
ions. Next year II is expected to do
even better and may earn its full fixed
,harges II the effect OF new management
S as prominently shown as 1t was in the
Denver and Rio Grande in increased
'evenues and decreas ased operating costs.
The Interstate Commerce Commission
ssued list of twenty-three questions |
70 various telephone companies, regard |
ng the conduct of their business as OF |
December 81, 1912. |
Some of the questions are as follows: |
the company holds 25 per cent |
interest In any other corporation: IL 81 |
low the stock is held, by proxy or other |
wise; list Of ten largest holders of stock |
,r other voting securities.
Other data called for Is as to the |
imornt of free or reduced toll service /
furnished, financial statements. pole and |
wire mileage, exchange rates with other /
and a description of all teie-
hone stations in use.
Returns to the circular must be made
,s October 1.
The Westinghouse Air Brake Company /
wound up its fiscal year on July 81 witt. /
'etween IS, $4,000 and s5.500.0oo for share
lolders. This is gain of more than
per cent over the preceding year, and
the most successful year of the CON-
ANY. Over 100000 will be carried to
urplus. There are no bonds, and on the
took capitalization these earnings foot
lp nearly so per cent 1
Both Union Switch and Signal and
Westinghouse Machine Companies are
howing steady progress in net earnings.
Jnion Switch earned net of SITS 200 in tic
lrst six months, or at the rate Of s., 49,
" per annum. Last year the company
armed H.ooI,ooo. SO it will be seen thar
he present rate represents nearly a 60
er cent Increase.
Omcials Of the Westinghouse Mach.pa1
,ompan3 are much pleased at having Il
htained contract from the United |:
tates government for one Of their new
narine turbines. They are hopefu, ttat
his may prove the forerunner of larre
ales of these turbines Il,