The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-21
London copper easy. off IS. I'd.

New Brunswick, N 1.-The annua
meeting of the stockholders of IN,
United States Rubber Company was held
here yesterday. President Colt read the
annual report. already published. which
, was approved, and retiring directors were
Reelected. Acts of the directors and
! executive committee for the fiscal wear
we're unanimously approved. A resolu-
ton Was passed changing the date of
the annual meeting to the third TUESDAY
/ IL. March and providing for the closing
of the company's fiscal year on Decem-
Der 81 instead of March 81 These steps
were taken in order to have the fiscal
year of the United States Rubber Com
! pany and all of its subsidiaries end on
! the same date.
! Brooklyn Rapid Transit dividend today
, to per cent.
Directors Of the Union Pacific say that
there is no truth in the report that a
new dissolution plan has been decided
upon. On the contrary, the situation is
jdst where it has been for some time.
There is reason for BELIEVING that the
proposed general increase by the Eastern
railroads of per cent in their class
and commodity freight rates will not he
substantially opposed by the commercial
organizations
They were largely instrumental in the
defeat of the higher rates proposed by
these railroads in 1910
A meeting OF the representatives, of
these commercial organizations was held
recently in New York. at which, it is
understood. no decided opposition deveI-
Opcd to the railroads programme but II
was decided to refer the matter of their
new petition before the Commerce Com
mission to the various chambers of COM
merce and boards of trade represented
The subject has already come up for
reconsideration in these quarters
Doubtless. however, there will be GER
tain wrinkles which must be ironed out
For example. a per cent increase in
rates on sugar from New York or Boston
TO the West without corresponding ad-
justment of the rate from New Orleans
would adversely affect Eastern interests,
Some conservative brokers are under
stood to favor purchases of Amalgamat-
ed. Anaconda and Steel on the belief
that these issues will reflect the unusual
efficiency OF management and the proba-
bic maintaining Of good dividends in the
future.
New York City 4la's are selling on curb
100 S-1s They sold as high as 100 L.
yesterday.
Hatzfeld-Market has a firm tone.
Moore-Market sale on rallies.
Simpson says: Market narrow but
believe it will do better.
A big trader is quoted to the effect
that the short interest is not helped by
the increase in the local surplus bank
reserves to a point well above the aver !.
age for this time of the year.
Foreign exchange firms are understood l
% feel that our remarkably large credit
balance on April foreign trade operations
and our shipments OF gold to Paris have
increased the probability ~
gold imports later on.
Good buying and short covering
ound in New York Central, Pennsvl-
'ania, Baltimore and Ohio, and Chess
,eake and Ohio.
Shorts attack Canadian Pacific In 90
ure covering basis.
Louisville and Nashville is well bought. ;
Investment purchases are found fl
Gas and General Electric.
s. B. Chaplin & Co.-The pr,ncinsI ,s.
ur in the stock market yesterday wa.
he J. Undated condition shown and I,s
badness to respond to any encouraging ,