The Washington herald., 1913-08-19

Union Pacific look good. Think they
are a sale for turn.
| Rains since Saturday. Kansas and the
far Southwest can do little good SO far
as corn is concerned. as the crop in that
section is practically gone. Favorable
conditions. a little cooler. and cloudy;
fair rain supply over portions OF the
| Central States OF the corn belt, but the
situation is not much changed from the
close Saturday. Conditions continue to
suggest purchases of corn on the breaks
London Copper up Is Sd for spot. Fu-
lures up IS I'd. The fortnightly statistics
show that the European stocks of Cop
per. including Hamburg. Rotterdam. and
Bremen. on August Is. decreased 1l3
tons. while Copper supplies afioat de-
creased $3.50 tons. making a total de-
crease in the visible supply of s.es2 tons
to 80, $40 tons. as compared with 3i.30e tons,
on July 81. and slice tons on August Is,
1872 -
A. G. Plant 4 Co.-London buying has
been a feature. Commission house
business is very small. and traders
are not inclined to take a posi-
ton. Cnfavorable crop prospects are
largely offset by Improvement in the
sltddAiolls VIC rec ilo
why the market should not go higher IL
banking interests favor a further ad-
vance.
Hartman & Co.-Snow puts corn con-
ditions at 6s7 per cent against 81 per
cent on August l. He estimates the crop
on his own acreage 2.37o, 400, coo bushels
and on government acreage, at ., IS, 600. no
bushels; a loss of 800, 100000 bushels dur
ing the first twelve days OF August. and
little over 500 600 0o0 bushels between
July l and August l.. In the districts
worst hit, there has been a further loss
for the week since the date OF the latest
returns which will appear in the official
figures September l. and which is likely
to AFFECT any improvement in such dis
tricts as have had relief.
Taylor bought realty. Theo. Wolf
sold. Stock is up on good earnings.
Westinghouse is also up on good earn
ings. said to be about 20 per cent
Northern Pacific Railroad June earn
ings. total operating revenue increase. |
s5Oe.7s3. Operating income increase. |
SS5s, 1872.
The buying of Steel is almost entirely |
covering of short stocks put out Friday |
and Saturday. Market does not hold its |
snap on the rally and should decline
Dannenburg bought Reading probably |
for ]. Field. The loan crowd shows an
apparent increase in the short interest
over Saturday.
E. and c. Randolph-The opening was
active and strong reports of
rains through the corn belt helping the
sentiment. The tone of the market i'm
proved since the opening. a moderate
amount Of new buying coming in and
forcing recent sellers for the decline to
beat a hasty retreat, a considerable COW
ering movement taking place all through
the list. Steel was again the leader of
the advance, and. of course, none better
can be desired by the bulls. 1t sold up
nearly three points above low of Sat-
urday and held its gain quite easily.
Rock Island issues. which have all been
so weak on crop damage, rallied with
the rest Of the market, and the tone is
now quietly strong throughout
s. B. Chaplin & Co. to W. B. Hibhs
& Co-There was better support to the
general stock market from the opening.
Most Of this came from the recent bull
leaders and was suficiently effective to ,
advance the most active stocks l to l IA !
points under the lead of Steel. Union
Pacific. and Amalgamated. Ia
Exaggerated reports as to the extent
of rains in the corn belt and the South !
western part made many think this was
he beginning Of another sharp upturn /,
n the general security list. The market ,
continued firmly held at the above ad- :
,ances until early in the afternoon, when j
he ofiicial reports showed the unim-
,ortance Of the rainfall II
Prices for the general list may be ad- :
'anced by the continuation of bullish i
.forts. but with the shortest crops of i
,orn and all other feedstuffs and coarse .
rains except wheat since 1901 and 1884. !
I II doubtful whether such advances 2
viii 60 far or prove more than tenn
,orary. n