The Washington herald., 1913-03-30
Higher PRICES
ARE THE rule
Wall Street Markets Strong
from Opening Through
70 the Closing.
WEEK In LOCAL MARKET
Values Were Generally Higher with
Light Tradins-Uhiies Statistics.
Bank Report.
By 4. A. FLEMING.

The closing on the New York stock
market yesterday was favorable to the
bulls. and upheld the theory advanced
in this column from day to day that
the big interests were practically pledged
TO the bull side of the market.
The bears have suffered severely just
when they had the idea that nature had
turned speculative tricks in their favor
through the floods and disaster. Although
not expecting this kind of aid. II is
nevertheless the fact that the bear is
ever looking for the unexpected to clear
the way for profit on short sales.
The damage. running into millions,
caused by flood, cyclone. and fire, is ad-
mitted. But the bulls claim that it has
been much more than offset by the prac-
teal ending of the foreign troubles. by
the end of the period of financial strin-
sency. and by the assurance of good
crops humber crop in 1915, for good
crops always follow in the wake OF
floods. and the overfowing of banks by
rivers in the great grain sections of the
country.
The bears have been looking for pick
inSs. and instead of finding them they
themselves have been picked. and right
sharply. by the big financial interests.
who have unquestionably decided to Ig-
rrure disaster and put the iron in the
short sellers.
The best buying yesterday was in cop
1ers. the leading rails, like Reading and
Union Pacific. st. Paul. and other high
grade rails. and in the industrials. Cop
f1er. Harvester. Can. and Petroleum
shares being favored. The gains aver
aged from la2 1-2 points. and they SHere
well held throughout the short session.
The total sales were but $4,000 shares
for the two hours session. Steel did not
act as we'll other industrials. retain
ing hut small fractional gain. while the
preferred did not improve at all.
The only stocks that did not share
III the general trend were Sugar. on the
prospect Of the defeat of free sugar
schedule while eet Sugar was cor
=, spoudingly strong: Canadian Pacific,
which has advanced nearly seven points
in two days and Was slightly easier yes
ter'lay. and smelling preferred with
reaction.
The list Of advances include nearly all
the active stocks on tine list
Local Securities.
If there was any special feature to
the local market yesterday it was in
the strength III Washington Gas, where
81 ;,-H freely bid for the stock, where
OF Friday. the stock was offered at this
figure. There were no transactions
There was no activity in Railway is
sues. r. bid Tor the common ana 10
asked. while 30 shares were sold at 81.
The preferred sold at a1-4 quite freely,
then at Sl-2. and closed with bids for
40 - TO- any part of a quotation.
There We're buying orders for Lanston
Monotype Company at s.. and 20 shares
changed hands.
Ponds We're slow but stronger. Bids
Of lG9l-2 were made for Traction IS
and none offered under 10. Potomac
Consolidated 5s 10oI-S.
Bank stocks steady. the only trans
action being in Bank of Washington at
Year Ia Date in Local stocks
w = Hibbs Il Co. furnish the follow
inc record Of transactions on the WASH
inctun Exchange from January to date:
BONDS.