The Washington herald., 1913-09-24
WALL STREET GOSSIP

At Gary, Ind. ore receipts have in
creased to such an extent that the United
States Steel Corporation is unloading
vessels at night. During the last few
days Lake Superior boats have brought
in 6i,695 tons of ore for the Gary mills.
The Anaconda Copper Company has de-
clared the regular quarterly dividend Of
20 cents a share.
The Pennsylvania Railgoad Company
has placed an order with the Baldwin
Locomotive Works for fifty of its stand
ard freight locomotives.
Baltimore and Ohio for August-Operat-
ing revenue. increase. S6iSSS; operating
expenses. increase, 1888, ,356; net operating
revenues, increase, $lSl, ,527.
Moler-The market continues so largely
professional and so dependent on the con-
tinuation OF concerted bullish activity
and bull rumors for the continuance of
strength that the disposition rather gen.
orally is to go slow in following trading
position on the bull side at present and
confine such operations to only the best
stocks and then only for moderate turns.
Deveau-While / don't know anything
positive. it looks to me as If there was
good inside buying Of rubber. The di-
rectors meet next week, and some de-
velopments may take place of interest
to stockholders, though do not anticipate
any change in the dividend rate.
Copper acts badly, in view of action Of
metal market. but they should change
soon. unless the metal fellows are putting
one over on us for change.
Alaska Gold and Third Avenue both act
we'll: neither are stocks to trade in for
small profits.
Routine business only at Union Pacific
meeting.
Union is losing friends every day. be-
cause they don't come out and tell us
what they are going to do.
They say on the floor that New York
Central is selling its Reading holdings;
not that they are bearish on the stock,
but they need the money.
The covering which gave strength to
the opening was short lived and the mar
ket relapsed into dullness. There was re-
newed selling in Rock Island. Reading
holds strong and is the feature. 1t is
learned California Petroleum negotiations
have been suspended.
S. B. Chaplin & Co.-The market was
very dull and entirely pt8fessional
the greater part of the session
There was some support in Union Pacific
and Reading, and those stocks held bet
ter than any of the recent leaders. but
Steel. Great Northern, St. Paul. Balti-
more and Ohio, New York Central, and
A. C. p. all showed declines of fun
point at one time. The recent bullish ac-
tivity appears to have grown stale es-
as the numerous bull rumors
the same have thus far failed to
have materialiZed.
In the meantime, there is nothing bet
ter in sight than an irregular traders
market of a backing and filling charac-
ter for only moderate turns from this
level.
No authorized informat tion in regard to
the affairs of the Rock Island Company
can be obtained because of the absence
Of important officials from the city.
Daniel G. Reid. who has been in Europe
for the past few months, is booked to
arrive in this city on October 10, or by
the following steamer. Judge Moore is |
at Prides Crossing. and Assistant Sec |
retary and Treasurer Quinlan. who is |
with the financial affairs of |
the company. 4eft this city on Wednesday |
last with other officials on an inspection :