The Washington herald., 1913-06-19

The Giles crop report is out. 1t makes
the average condition OF the crop tc
June II $50. against $40 last month. 80.
last year. and SIS in 1911.
The firm Of Felix & Forester. of Mags-
burg. Germany, suspended yesterday. II
operated extensively in Canadian Pacific
and American securities in London.
E. & c. Randolph-wednesday morn
ings stock market was fairly active and
strong. but transactions were highly
professional The professional element
here are distinctly bearish. and have been
selling stocks TO buy back cheaper.
Liquidation for the time being seems TO
have run its course, and the result is
that when the professional element try
TO cover their sales the prices OF stocks
advance TO a higher level. In many in
stances the highest prices have been
reached that have been made on the
recovery. The weak feature was ILL.,
nois Central. Brokers' books and trans
fer Offices indicate that there has been
considerable buying by small investors,
who are attracted more by the extreme
low prices than they are by any i'm
provement in the outlook. The tone
Wednesday afternoon was dull and
strong.
The real estate and banking firm of
Wiesbaden & Bauer has suspended, with
liabilities of si.5O0.0Oo and assets of S3.-
$4,000. The firm has been negotiating
with its creditors for several days with
out result, and the creditors ask that
bankruptcy proceedings be begun.
Childs-Sentiment on the floor Is more
bullish, but traders are not willing to
take much of a position while outside
interest is so small. General tone is
good. and l think the market Is going
higher. Crop news is an important fac
tor. and favorable settlement of Union
Pacific case would start shorts covering.
Still consider Reading a buy.
The Westinghouse Electric and Manu.
featuring Company declared the regular
quarterly dividends of l 3-4 on preferred
and l per cent on common.
Burras-Good stocks should be bought
on the weak spots. There has been
good clearing out and the market should
advance.
Stocks opened firm with shorts cover
IHs. IL was SOt0e"ndI COnIuSe0
by Lovett's statement, which gave no
clear indication of probable solution of
Union difficulties.
1t is said Ontario Western is to be put
back on the per cent basis.
Attorney General McReynolds said yes
terday the proposed exchange of South
ern Pacific stock for Baltimore and Ohio
stock in the Hartman dissolution plans
apparently was a step in the right di-
rection, in as much as it disposed of hold
ngs of Baltimore and Ohio stock by the
Pennsylvania Railroad system, which
was desirable as well as part of the
Southern Pacific stock held by Union
Pacific.
He said. however, until he had studied
The question from all angles he would
rot commit himself.
He said there would probably be sew
eral conferences between himself and the
Union Pacific officials between now and
July ], but none is yet definitely ar
ranged.
He would make no comment on Mr.
than IL Mr.. Lovett made the statement
ne believed him.
There is rumor that PENNSYLVANIA will
also exchange its Norfolk & Western
holdings for Southern Pacific
Newberger. Henderson & Loeb sold 800
illinois Central on market order. I'M
nediately after the wrecking crew ar
rived and did the rest.
July dividend and interest disburse-
nents will reach an estimated total of
'269, 4ls.3G against SIS, ,967. .ss2 last year.
MISSOURI utilities commission approved
Hock Island A,4looOo per cent gold note
ssue.
Certain changes IN currency bill hinted
II following long conference at the
White House.
NEW YORK PRODUCE.
New York. June 1s-MILLFEED-