The Washington herald., 1913-04-01

Gov. sulzer yesterday signed the full
crew bill.
The following telegram was received at
the offices OF the Greene-Cananea Cop
FER Company Monday morning: "On ac-
count of the impossitility of the COM
Pany getting fuel and supplies. 1t was
found necessary 20 conserve the fuel now
OF hand to maintain necessary pumping
operations at the mine. The concentra-
tor and reverberatory furnaces have been
closed down for week. Advices from
Cananea are that it will be necessary to
close down the blast furnaces and sus-
pend all operations until the situation
clears up"
Boston-Joseph Clendenin, manager Of
the sales department Of the American
smelling and Refining Company, wires
the Boston News Bureau: I'VE are SELL
Ing copper in Europe at Is IA cents. and
the market will undoubtedly take freely
al this and higher levels"
Childs-Action of market confirms my
opinion that 1t is oversold and in a posi-
ton to advance. It Is In a condition
where 1t is helped more by elimination Of
bearish factors than by actual good
news. Possibility of Mr. Morgans death
has always been big bear factor, AMI
now that 1t has occurred and finds the
market undisturbed the bear position is
greatly weakened | think a position on
the long side may be taken with prospects
Of good profits. At present Copper and
Reading look best. but think the whole
list Is ready TO go higher.
The Commerce Court upholds the In
terstate Commerce Commission against
the Atchison and other roads reducing
icing charges from $50 10 $3.50 per car.
With a Mquidated stock market and
surplus reserves of the banks increas-
ing. the financing of Interior demands
should be met with less difficulty than
generally believed, according to a promi
nent institution.
A shrewd operator says II Is a safe
rule to take the long side OF stocks when
fundamentals are clearing and traders
have gone heavily short at low prices
for sentimental and transient reasons.
In the opinion Of a mercantile source.
stocks of-goods in various lines are light,
with buying cautious owing to prospec-
tive tariff adjustments. This means e
heavy deferred buying power eventually
to be released.
An active interest says traders have
been selling Union Reading, and Steel
every day when the market looked lower
on speciality liquidation. and that the
accumulation of short contracts has
been very large.
Large operators in the copper stocks
are said 70 believe that with the i'm
provement in political affairs here and
abroad the metal has reached it's low
point and will gradually work higher.
s. B. Chaplin & Co.-The feature
of the market was a strong sup
pert developed frcm the largest
operators at the opening and its
continuance throughout the day. This
was unquestionably to check the spread
of liquidation or speculative selling fol-
lowing the news of the sudden death of
Mr.. Morgan at Rome Monday morning.
The seven per cent call money rate
reached during the noon-hour was large
ly the result of some calling of loans
in financing the disbursement of about
SIG, 600 of April dividends and in
terest payments and also settlements for
the first quarter of the year. Therefore
this stringency is not likely to last more
than a day Or two.
The more favorable news from Europe
regarding the Balkan war and the fail
ure of anything like the acute stringen-
cy at Berlin to develop were the en-
couraging features sustaining prices. 1t
remains to be seer bow market senti-
ment will be affected when the full ex-
tent of the damage by the floods in the
West is realized. and the new tariff bill
is announced by the Ways and Means
IF ha