The Washington herald., 1913-10-12
MARKETS, FINANCE, COMMERCE

pend upon the time it takes Mr.. Orr to
prepare his case.
Trippe & Co-There is no news except
many predictions OF trade reaction ano
good many stop orders. There Is talk
OF a poor bank statement and Tightening
money abroad.
Childs-Heavy selling. both from abroad
and here started sanother break. Stock
bought for rally that is over due was
thrown on the market and commission
houses were sellers all around the room.
They do not even yet, show much rally.
Steel acts best of the lot.
The threatened lockout at Lancashire.
coupled with rather unfavorable domestic
trade advices, will likely be more or less
OF depressing influence, although the
occurrence OF unfavorable weather de-
Nelopments I'm the cotton region may, TO
sUme extent, check aggressive selling
opera tions.
The associated stesl makers OF Great
Britain. at their recent meeting, reduced
the price of steel 10 shillings per ton. all
around. The reduction, so far has
brought out no buying to speak OF.
The market was again under pressure
der aggressive bear drive The only en-
couraging feature was that market grew
duh on the breaks and no new selling
came in. Copper and Union Pacific were
heavily sold and were chief unsettling in
Guences, as undoubtedly meant to be.
Steel looks sold out, and in the opinion
Of the traders is no longer an attractive
short sale. The tonnage statement was
worse than expected. but had little in
fiuence on stock. Pool operations in Can
continue and IL still locks good IL Is
one Of the few trading stocks that can be
bulled on tariff.
IrregularIty and cross-currents dTs in
the stock market. The currency problem
and the immediate money situation are
the influencing factors. Scattered hqui-
6ation is noted In parts OF the list. in
CIuding the Steel department Accumu-
lation Is reported in St Paul. Great
Northern, and Southern Pacific. Regard
Reading and Union Pacific favorably on
declines. There is said to he a shake-out
III Copper. Professionals are reported To
have heavily Oversold Steel, which Is
privately borrowed. Cotton is being sold
on rallies.
The stockholders Of the Southern Pa
CifiC are reported to have increased heav-
lily in the last Few months
An increase is noted In the Fl en':H
investment demand. Relieved Of Balkan
fears it would expand.
A weak account is reported, being
forced out in Amalgdmated Copper
through loan callins.
Returning more than 6l-2 per cent at
current prices. 'niOn Pacific Is attractive
in view OF the LOvett statement that
the stock is a 10 per cent issue says
prominent interest
Bull pools are reported working in
American Can and Pittsburgh Coal
stocks.
Owing to the beginning of the fort
nightly settlement Monday in London
and the holidays, extreme dullness is
found in foreign and local trading in
stocks
Moler-The outlook is for an irregular
traders market with small volume of
business owing to the uncertainty of
the bank statement In the meantime
some scattering liquidation will probably
be taken care of by more disposition on
the part of some of the largest operators
recently on the short side TO secure
DTOlIS- Supulu llt UldIhtA utNtlbp a
good break early next week IL is be-
lieved many Of them would double up
on the long side for turn.
$. B. Chaplin & Co to W. B. Hibbs & Co.
The further unsettlement OF the stock
market reflected the continuation of
scattered liquidation following the de-
preston in general market sentiment OF
earlier in the week. chiefly from the
failure OF any OF the bun rumors, such
prominent faCtOrs in advancing prices
during September. to materialize.
The large speculative long interest
in following this bull movement
has been in process of liquidation dur
ing the past fortnight, from the pressure
Of which Union Pacific sold down to
nearly 80. while A. c. p. went to near
20. and Reading l6l, while Steel broke
through -.
The outlook now is more favorable for
i more two-sided traders market than
lately. as the technical speculative posi-