The Washington herald., 1913-11-01
WALL STREET GOSSIP

WALL STREET GOSSIP
Content selling Can and Steel
New York Central. all lines. net de-
crease. sssS,sss for September.
seaboard Air Line for September. gross
increase, a50,sa Net increase, ss7,o4s.
The foreign exchange market opened
soit with demand for sterling OF ten
points.
Tennessee Copper output for September
was 10000 pounds. against 1.14s.ooo in
August.
Dominick & Dominick have received
following cable from Berlin: Settlement
day passed on we'll"
Raymond, Pynchon & Co.-Some liqui.
dation. stop orders. and bearish traders
caused decline. Market shows signs of a
little rally.
Atlantic Coast Line. September gross
increase, s1s6,5s6 Net increase. So .233.
Chicago and Great Western September
operating revenue increase, $106, i2I Net
operating revenue increase, s5s3.
Report Of Goldfield Cons. quarter ended
September 30. shows total tonnage of
SSH tons ore produced, from which
aOS5.lSS was recovered. Costs were
$5sS,66o. leaving realization Of s5ls.5as for
the quarter.
Simmons & Slade-McCartney. an old
time trader, is very bearish on this
country and can see no relief in sight
for some years. The reduction In tariff
and change in administration are his
main reasons
Childs-The rise in call money led to
some selling this morning, but market
acts pretty well. Content sold a few
Prices may sag a little further, but
think II is nearly time to buy.
Evans-Indications point more and more
to a contraction in general business,
which seems to be going on at an &C
CELEBRATED rate. / think that this will
become more and more marked as the
autumn progresses. The worst OF 1t is
that this contraction of business is not
confined to the United states, but is in
full swing all over Europe.
Moler-General situation is concentrat-
ed more on the Mexican situation now
than anything else. London cables re-
port IL is the principal feature also dis
cussed there. Consequently unit. some
thing comes from Washington today to
allay the present apprehension. II is not
believed there will be more than enough
support kept in the local market to hold
fresh bear attacks in check.
The net earnings OF New Haven fell
of about 500. 900 in September. Net earn
ings for three months ended September
30 fell on about s., 10000
During the year New Haven faces an
increased loss from carrying mail. Last
years loss. as estimated by the company.
was 10000, and as estimated by Price
Waterhouse & Co.. 500. 600 The expan-
sion Of the parcel post has increased the
expense OF carrying the mail without in
creasing the returns.
Arbitrage brokers sold about 1000
shares after the opening. but this selling
was not large enough in any one stock
to have much influence, and houses often
handling direct foreign business said
they did nothing, as the markets on the
other side were OF a holiday character
More interest was attached to the money
situation than had been shown In some
time, because OF the calling OF loans in
the last few days in order to arrange
for payment OF the SS3,0o0.o0o Intsrboro
IS called for retirement at los and in
terest.
+ Sir George Paish. editor of the London
Statist, who arrived on the Lusitania,
said: Having regard to the difficulties
experienced by borrowers everywhere IL
is obvious that efforts must be concen-
trated on completing work already COM
menced and that no fresh work will be
begun until after capital and banking
money become much more plentiful. Con-
sequently somewhat severe contraction
in the worlds trade seems to be inev-
liable. How far this contraction will go
will depend upon two or three countries,
more particularly the United States,
France, and England.
My present visit is for the purpose Of
ascertaining how far the conditions in
the United States make for the mainte-
nance of world prosperity or rather how
far they will contribute to prevent ex-
treme trade depression the world over.
E & c. Randolph to W. B. Hibbs &
Cc.-The selling pressure was quite
marked shortly after the opening and
prices yielded to this influence, with the
result that at the end Of about half an
hour the leading issues were active and
weak, but around noon support was
given to the market. This support, how
ever, did not do much toward bringing
about any permanent rally, and the mar
ket relapsed into intense dullness. The
weakness in Canadian was attributed to
the less confident feeling regarding
money conditions abroad and the prep
arations of foreign markets for govern
ment financing. The feature of the mar
ket has been the sharp rise in call money
Z to ~ per cent being charged for call
renewals and loans are being made now
on call at from to 10 per cent. Trading
at present is almost wholly professional
in character. Standard Oil of Indiana
regular quarterly dividend a share and