The Washington herald., 1913-08-08
UNDERSTANDING &C COMMERCE
! burdened with orders. After call sixteen
shares of stock were traded in and g 500

burdened with orders. After call sixteen
shares of stock were traded in and s, 500
| bonds.
Stock sales require no comment
The feature Of the bond transactions
was the parity between Capital Traction
IS and Gas SIS, the former coming back
to meet the LOG "a Of the latter.
Wall Street Stronger.
While there was no great amount of
activity in the stock list, a positively
better feeling prevailed, partially on the
peace in the rent Balkans, partially be-
cause of the fact that the bull party has
the situation in hand. and expects de-
nouement In the Union Pacific rights,
that will advance values still further.
! With the opening the market was very
quiet, but little frmer. Then there
was some selling and a recession to
about the final figures of Wednesday. In
the afternoon the list showed strength
again. especially Union Pacific, Southern
Pacific. st. Paul, and Steel common.
The scarcity of securities brought the
strong higher closing, moving up prices
point on the leading rails and two
points on Steel common. Copper. Smelt-
ing, Great Northern Ore. and Western
Maryland were all in the point gain
class.
London was buyer of Americans. but
a seller of Canadian Pacific, which was
decidedly soft.
Most of the high-grade rails like the
Hills, New York Central, Pennsylvania,
and Reading showed little change.
The threat of a prosecution of the
Reading, which will probably never be
undertaken, was responsible for the slow
ness of this security.
Crop news was varied. not especially
favorable as to corn, but the weakness
in wheat made corn easier. Rains are
booked for many corn centers.
Can was strong. Tobacco and Snuff
showed their irregularity by IL point
drop.
Absolutely No Evidence.
1t was a national banking examiner, &C.
cording to very good authority, who led
Secretary McAdoo to believe that New
York banks Were banded in a conspiracy
TO depress the price of government bonds,
and to make charges in substantiation of
which he has not yet presented proof.
And it is national banking examiner.
Charles Staerek, whose headquarters are
in this city, who is endeavoring to secure
some evidence.
Up to Wednesday. as far as could be
learned, Mr.. Staerek had examined only
one of the large banks for the express
purpose of ascertaining its holdings of
government ponds and comparison of
those holdings with the amount held in
the time antedating the introduction OF
the currency bill. He found the holdings
now larger. In regular examinations of
one or two BANKS Mr.. Staerek Nas look
ed into their bond holdings as L matter
of course. In these banks, also, Mr.
Staerek found nothing TO substantiate the
charges.
Some of the banks, either on solicita-
ton from the Treasury Department or
voluntarily. have sent to Washington re-
ports Of their holdings of governments
on August /. AZ compared with July l.
In none of these reports is contained any
matter upholdinG the Secretary and his
Jealous banking examiner. Careful cam
vass of all the banks with large hold
ings of bonds fails to reveal any de-
creases of the slightest consequence, and
bankers surmise that in the future Mr.
McAdoo will want something more than
the statement of a solitary banking ex-
aminer before giving wide circulation to
a serious and sensational charge.-From
Wall Street journal.