The Washington herald., 1913-10-04
WALL STREET GOSSIP

Experts OF copper for the week ended
October totaled 1914 tons; since Octo-
ber l. 2.S79 tons; and same period last
year. $3.50 tons.
Northern Pacific for August. total op-
Grating revenue decrease, 1,7S9: net op-
Grating revenue decrease. Sl9OSSo; Op-
Grating income decrease, S2JO,i64.
Emanuel insult denies the report that
Peoples Gas will distribute a stock
dividend out of the surplus He adds
that not all of the financial plans of the
company have been announced as yet.
comes to the floor and whose judgment
is often correct tells me the market is
a purchase around these prices.
United States Rubber Company de-
clared usual quarterly dividends OF 1-2
per cent on its common stock, . L. on its
preferred. and 1-2 on its second pre-
ferred.
Moler-The principal feature discussed
yesterday afternoon was the oversold
condition of the general list and the
continued bullishnes of certain big inS
terests dominating the copper stocks
and the metal situation. Outside of the
possibility of some further rally on these
technical conditions. there is nothing in
the local news to cause more than slight
and temporary rallies under the present
conditions from this level.
The known movements of money for
the week ended with the close of business
on Thursday indicates a gain in cash by
the local banks of s2,T74,021.
St Paul Railroad for August. gross
earnings, decrease, S240.6s5; operating in
come, decrease, s,0i5,639.
Bird-The market from the floor looks
sold to a standstill.
This decline is caused by Raymond.
Pynchon & Co. selling Steel. Trading
followed and sold the general list
London is depressed by the higher bank
rate. The French rate is likely to be
advanced also. All Balkan loans are
indefinitely postponed as a result of the
Albanian and Graeco-Turkish troubles
This may cause the war to end.
The plants of the Republic Iron and
Steel Company have not been affected
by tariff talk. They are operating full,
and orders on the books assure steady
operations for the current month. Net
earnings of the company for the third
quarter of this wear were large. While
new business has fallen off. the books of
The company are still comfortably filled.
W. c. Brown, president of the New York
Central, announced that the loaded car
movement on the company's lines in
September amounted to 1,953137 cars COM
pared with 1.912,OI4 last year. an in
crease Of g,063. Mr.. Brown added that
this was the largest total for September
in the history of the system.
London sold about 2Oeo0 shares, dis
tributed among many issues and this
selling determined the early tone There
was little demand from any source and
specialists in more important stocks re-
garded the speculative situation as tech
nically weak. 1t was thought that sew
eral of the more important interests ex-
pected that the new tariff law would
test the market in the next few days and
for that reason they were disposed to
pursue a waiting policy.
E. & c. Randolph to W. B. Hibbs & Co.
AT the opening the market was dull
and lower, being influenced by the lower
foreign quotations and also by the rails
ing of the bank rate in London, which
was entirely ignored Thursday. Stocks
seemed to be for sale and the market
was generally weak throughout the
first two hours Of trading. Union was