The Washington herald., 1913-07-30
Nsv York. July ..
TORONTO QUOTATIONS..
WALL STREET GOSSIP

Goldfield Consolidated In June produced
30, 4ss tons of ore The net earnings WERE
s1S0. 7sl. net cost per ton was S6.6
H. Content bought l,soo Steel shearson
sold.
The feeling around the exchange is
that the market lacks snap.
Early London prices up considerably,
II one considers the rise We have had.
but some Of the stocks receded from
those prices.
Reports from important banks and
banking interests still continue to be
bearish.
News regarding the Mexican situation
If the President il going to change our
Ambassador.
Attorney General McReynolds said that
President Elliott, Of the New Haven, had
made no application to the Department
Of Justice for delay on the part of the
department in Its investigation Of the af-
fairs of that system.
Eastern railroads will fle tariffs show
ing per cent increase to be effec-
tive September Is. It Is believed that
shippers will Offer but little opposition. o.
Sentiment continues to show better
ment in view OF the various factors
which have worked into an encouras-
ing position. although It 10 realized that
certain elements will stin bear watch
ing In order to avoid adverse results.
The market is professional to an un-
usual extent although some public in
terest is found in the good issues.
Union. Southern Pacific, Reading.
Amalgamated. and Steel are well bought,
but find realizing on strong spots.
Great Northern. pfd-. Northern Pacific.
St Paul. Atchison. Consolidated Gas,
Brooklyn Rapid Transit, and General
actions. Shorts are less confident.
Cotton Is considered q fair purchase
on declines for trading profits. Wheat
and corn are sold moderately on ad-
vances.
A prominent house calls attention to
the fact that there seems to be moth
ing in the Union Pacific dissolution plan
to prevent the company from distribut-
ing to its stockholders the cash re-
eeived from sale of, Its Southern Pacific
holdings.
Floor gossip Is said to Indicate that
around the so level there are consider
able offerings of Steel, as this repre-
sents a ten-point rise within a COM
paratively short time.
find increased bullish interest in Erie
Issues in connection with the expected
good statement for June and predictions
Of heavy increase in gross earnings
this year.
A representative Of a large Western
steel concern says that over the last
week or two there has been better de-
mand for steel A great deal Of new
business, held in allegiance, has come
forward. Western mills have suficient
business on their books to keep their
plants in full operation for the next
recent buying has been based on pros
poets Of good crops.
Active brokers are reported to attribute
the strength shown by Great Northern
preferred and Missouri Pacific to q posi-
tive scarcity Of stock, due to a quiet
absorption by strong interests at the
lower levels.
The decline In copper metal In London
was without effect here, and the local
market was strong at ISL cents a pound
Sellers report good run Of orders The
most satisfactory development seems to
be an encouraging revival of demand
from domestic consumers.
corn belt is causing considerable alarm,
government report will show a decrease
Of 10000. 900 bushels in acreage. Experts
think December corn will look cheap at
70 cents.
Earnings Of the Westinghouse Electric
and Manufacturing Company for the
first quarter Of this fiscal year are un-
derstood to be above 81 .200, 900 net. or fully |
double those Of the same quarter last
year. The company has reduced Its in
debtedness more than s., 100000 since the !
beginning Of the fiscal year.
1t was announced yesterday that |
w. W. Atterbury, vice president OF the |
Pennsylvania Railroad, and A. H. Smith, |
vice president OF the New York Central,
have been chosen arbitrators to repre-
sent the railroads in the trainmen,s. aAd |
conductors controversy.
Raymond. Starr & Co. call attention to
the merits Of Miami Copper. which. At
present prices, yields about 81 per cent
on the Investment and offers attractive
49, g. 49, a. 49, -