The Washington herald., 1913-03-11
WALL STREET GOSSIP

During February the Westinghouse
Machine Company booked a total of
$1,100.000 of business.
The Central Railroad of New Jersey
gross earnings increased S1S5,931: net
income, increase. $S6.01s; surplus, In
crease. s105.sS9.
The Liggett & Myers Tobacco Com
pany declared an extra dividend Of 4
per cent on its common stock. pay
able April 1 to holders Of record on
March Il.
London copper is steady and up esd
from Friday.
Foreign markets were depressed yester-
day because Of the financial situation
in Germany. Berlin was closed. but
German spectators sold in Paris and
London, with the result that Canadian
and Union Pacific were conspicuous
for their weakness. All other inter-
national shares were weak.
| Pennsylvania is making inquiries for
more than 200 passenger cars. Con-
tract approximately 100000.
Lake Shore earned ss.17 per cent on
l
cent in 1911.
| The New York American says the
| Morgan interests have purchased lO.-
600 acres of coal lands in West Nir-
ginia for s1O,o0O,o0o.
The Big Four earned 80. per cent
on it's common stock in 1912. against
2.77 per cent in 1911.
The bituminous coal tonnage OF the
Philadelphia and Reading Railroad
Company for January. 1918. amounted
to l.62i2aS tons. against 1.0SS.Gi9 tons
| in January. 1912. an increase of 535615
tons.
The Union Pacific executive committee
will probably hold its regular weekly
meeting to-day, but il is doubted II
there will be any announcement with re-
spect TO a dissolution plan. Conferences
arc being held at frequent intervals, but
IL was authoritatively stated yesterday
morning that from the present outlook
there vas little probability of anything
definite being arrived at this week in the
way of a modification of the original
plan or in the formulation OF a new
plan that would overcome the obstacles
set up by the California Commission.
The Guaranty Trust Company will
ship sa5O0O0 gold to Europe to-day. II
is understood that the gold will go TO
Germany.
The unexpected favorable showing
made by the February statement Of the
copper producers has stimulated buying
Of copper by domestic consumers, and
on Saturday a large volume Of business
was transacted at 15 cents. The buying
continued Monday morning, and while
practically all OF the leading selling
agencies have advanced their asking
prices to Is 1-9 cents 1t is understood
that some copper can still be had on the
basis of Is cents.
Gov. Sulzer has withdrawn the a tax
bill from further consideration. and no
further hearings will be necessary.
The Bethlehem Steel Company has de-
clared dividend of per cent on its
preferred stock out of the earnings of
the company for 1912. The dividend is
payable in four quarterly installmcnts |
of l IA per cent. the first being payable |
on April 2S.
February 2s. Steel orders decrease 17O.-
65i tons.
, London sold about 10.o0o shares on bal |
ance. mostly Union Pacific and Canadian
Pacific.
s B. Chaplin & Co.-The market held |
up fairly well on good support and COW
ering Of shorts, despite the very pessi-
mistic advices from the foreign markets, |
until the last hour. when reports of the
tentative engagement Of s3,oco.0oO addi-
tional in gold by the next fast steamer
for Berlin and cables stating that 9
per cent was being bid there In open
market for funds, proved too discon-
certing for further resistance.
Many large operators who had COW
cred shorts and who had been support
ing the market early. resold on this
news, and prices broke sharply under the
weight of this pressure.
While renewed support appeared just
before the close in sufficient volume TO
rally prices slightly from the lowest. a .
very unsettled feeling continued to pre-
vail in the Street after the end of busi-
ness Everything now seems to depend
on how much further liquidating Berlin
must 60 through before the financial at
mosphere there has been cleared Pend
ing such assurance further sympathetic
which may force still lower
prices is likely to he Witnessed