The Washington times., 1913-03-08
ADMINISTRATION IS
PRAISED BY BROKER
Member of New York Exchange
Finds Reason for Commend
ing Attorney General.

! A decidedly optimistic estimate of the
new Administration is taken by w. B.
Hibbs, in the daily stock market letter
wired out today by w. b. Hibbs & Co.
of this city. members of the New York
Stock Exchange and the Washington
Stock Exchange. and. incidentally, a
high tribute is paid to the new Attorney
General.
1T was to be expected that when
the Democratic Administration came
into power Mr.. Hibbs says, those
who were disappointed in the practical
working out of the effect of the disso-
luton Of the Standard Oil and Tobacco
trusts would assume that the new Ad-
minIstration would jump in and tear
everything wide open again. If ap-
peals are not already on file it is safe to
assume they will be made to the At
torney General further to prosecute the
companies.
But the point is this: the dissolu-
ton was made in conformity with the
decision of the Supreme Court and was
satisfactory 10 the Department of JUS
tice. Of which the present Attorney
ing all the time. II the operation OF
the laws Of trade have brought about a
situation which shows no reduction In
price of tobacco and oil, 1t has no re-
lation to the original decision Of the
court. The court did not attempt TO
fix the price OF those commodities. but
to destroy a combination which was
alleged to have caused the fixed price.
If prices still are kept UP despite the
destruction of the monopoly. that is an
economic proposition and not necessari-
ly one for the court to take cogniz-
~ ha MT ha
that monopoly is maintained notwith-
standing the courts mandate TO the
contrary.
Mr. McReynolds is not a cornfield trust
buster. intent upon appealing to popu-
lar prejudice and passion. but a mighty
ject matter about as well as any one
else in the country
United States Trust Company- stock
was again the feature of the trading
on the local stock exchange today
The price for the stock advanced from
l3i to 13s, and 50 shares were taken
at prices in this range.
Washington Gas again was active and
remained firm. Fifty shares were sold
on call at S5la and after call another
quotation lot was sold at 4 advance.
Another block of Washington Rail-
way was sold today at the same price
sold yesterday was taken by the rep
resentative OF a large national bank for
investment purposes.
Il. q. Dun & Co.'S Weekly Review
Gays today in part:
while there Is little speculation l.,
any market, the activity that has pre-
vailed for number Of months past in
The important Industries and trades
continues unabated During February
bank clearings in the United States in
creased 9.5 per cent over last year. and
1l.o per cent over 1911. and during the
past week the gains were GO and S.S
respectively. Railroad earnings during
four weeks of February increased /
per cent as compared with the same per-
lod last year. Other February statis-
ties were generally favorable While
there was an increase in the liabilities
OF defaultinS concerns. this was due t.
three or four big failures of unusual
:ize and ii is significant that the in
solvencies were considerably fewer in
number than in the same period last
year"
According to Bradstreet's. business
failures in the United States for the
week ending March s. We're 30 as COM
pared with 2!2 last week and 2s1 a year
ago.