The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-06
WALL Street GOSSIP
London copper firm. up II shillings
pence, from Fridays close.

London copper firm, up IL shillings .
pence, from Fridays close.
Missouri State crop report gives May
wheat condition as IS. or two points over
April and So above year ago. Acreage
abandoned only 1 per cent against 26 per
cent a year ago.
Anaconda Copper Mining Company re-
ports for fiscal year ended December 81,
total revenues increase sl3,yn. 567. Total
expenses increase $5,S90,92l Balance in
crease $.4S0,645 Surplus increase, S.
$50, 115
City Treasurer Dobbins, of New York
City. announced that the subscriptions to
the city loan received make the total
desired by the Mayor to be fioated at
this time.
We have the following telegram from
our crop expert, Oscar K. Lyle:
Enid, Okla.-My travels have been from
Monet to Enid via. Tulsa. about 2o0
miles northeast of Oklahoma. Had a
grand big rain Saturday night over great
area worth millions. Moisture question
in this section now settled for two
weeks. The rain knocked out the chinch
improved. but wheat maintains color and
not preceptibly hurt Some fields will
advance and Will soon be heading some
corn three inches high, while planting
still going on in other sections. General
situation could hardly be better.
f. & c. Randolph-The European mar
kets were all favoIably affected by the
retirement of the Montenegrins from
q 4
side spread to New York, where the
opening was higher i'm all quarters. Dur
ing the first hour the market advanced
further. leading issues like Union Pacific
Reading, and Copper gaining couple of
points. There Was some prcft-taking
which caused a shading off from these
levels, but the market remains strong
all day on very moderate volume of
trading. In the late dealings renewed
buying forced prices up to the highest
levels of the day and the market closed
strong with an increase in activity, large
ly caused by short covering.
The bond market showed moderate i'm
provement. although the demand for in
vestment securities still continues very
limited.
Cotton futures, after opening = to )
points lower on the near months and
1 y to on new crop, declined points
further by midday and closed quiet and
steady at 6 to points from Saturdays
close
w. r. Hibbs & Co.-The administra-
tons tariff bill. in no way materially
amended from the form i'm which ii was
prepared by the Committee on Ways and
Means. will pass the House by the mid
ole of this week and enter upon the
next stage of perfection into law at the
tender mercies of the Senate committee
on finance.
President Wilson will keep in touch"
with the Finance Committee Democrats
and will do his best TO retain the bill
in its present text.
His task will be to keep the sugar and
wool Senators in line with the party
and prevent their joining with the Re-
Gratis have a majority of six in the
men sit tight, the bill will be open to
effective assail.
The best judgment is that the example
of party unity set by the House will be
a strong argument for a similar course
by the Democratic Senators and incite
public pressure in behalf of the bill
which Will be very dlf1cult Tor them to
resist.
President Wilson hopes to start cur
rency legislation at this session but does
not expect to see it completed. He de-
sires to get the subject up and set the
country to thinking about it. SO that ac-
ton may be contaminated next winter.