The Washington herald., 1913-04-23
MISCELLANEOUS BONDS.


Wabash Ifg 90
Wabash rig. osls
Total sales sil0 600 against s20loOo0 yesterday,
s., 10000 week ago. and 236o.00 year ago.
WALL Street GOSSIP
The story on Wisconsin Central is that
500 Marie is to exchange one share for
two of Wisconsin Central. If this is true
Wisconsin Central is much too low.
Central Leather Company reports for
quarter ended March 81 last net surplus
S703,37S.
Central Leather reports for quarter
ended March 81 total earnings. increase,
S2OS $50; expenses, decrease, H7,17; sur
plus. increase, s2S3. 2o2.
American Hide and Leather Company
reports for quarter ended March 81, den-
cit after all charges of s12O, 49,; increase.
1884, III. From July /, surplus, s2S6, 7S6; in
crease, $50. 1o2.
Attorney General recognizing the diff
culties in the way of carrying out the
decree of the Supreme Court in the Union
Pacific dissolution case. is willing to have
an extension OF time to July ], as asked
by Judge Lovett.
ACKNOWLEDGMENT Copper Company di
rectors have LEVIED 81 assessment. pay
able June 16, on stock of record June "A.
Mexican Petroleum for first quarter
of current year report gross earnings
largest Yet, total 81. 80. 600. January earn
ings were close to 100000
brief routine meeting of the execu-
tive committee of the Union Pacific was
held yesterday 1t is authoritatively stat
ed that the report from st. Paul that
the National City Bank has been de-
cided upon as the trustee for the South
ern Pacific stock held by the Union Pa
cific is incorrect. There is the same au-
thority for the statement that an under
writing syndicate has not been arranged.
Chicago Board of Trade refused to
amend rules so as to distinguish be-
tween short sellers with no actual prop
erty back of transactions and short
sales by cash houses with grain on way
to market u case of failure to make
delivery.
Southern Pacific sold off a little on
the publication Of the memorandum SUBJ
mitted by the Judges OF the Circuit
Court, in which an irdsposition to con-
cur with the railroad counsel on the re-
organization plan was shown. The court
apparently thinks that to allow Union
Pacific stockholders to subscribe for any
considerable amount of Southern Paci-
fic stock would have the effect OF ieaV-
ing the control of the latter company
practically where II is, as 1t has oeen
shown that i.ico Union racine stock
holders. as individuals, own S3-,vW,0uO in
the aggregate OF the southern facInc
stock.
We have the following telegram this
morning from our crop expert, Oscar
X. Lyle:
Columbia Mo-, April Find nothing
in disparagement of the wheat crop of
Missouri. The condition in the nIneties
and no prospect of any abandonment
Crop may be around 3o,WO,OOO bushels.
If favorable conditions to harvest, this
would be half more than last year and
furnish over lo,OcoD0 surplus. Weather
is ideal. ;. b. Z. co.
Investment houses nave fair inquiry
from individuals for the new ST Paul
bonds.
A prominent house takes the position
that Norfolk and Western is developing
a position of investment strength which
entities the stock to favorable compari-
son with Pennsylvania.
The flood damage IN no way Jeopardlzes
the Baltimore and Ohio dividend.
A prominent copper trade interest said
he expected high price for the metal
during the latter half of the year as
prevailed during the same period OF
49,
Operators usually active in steel con-
slider the position of the stock strength
ened by the reduced street supply ana
the Information that the testimony i'll
the government suit will take six or
eight months.
S. f. Chaplin & Co.-The weakness of
y. Y, n. ii. d II. yesterday, with the
prices slumping from 115, Mondays clos
ing. TO 10, to another low record in the
last forty years was regarded as plainly
suggesting reduction from it's present
dividend. This caused some further sell
ing of the general list. which was fol-
lowed by a renewal of bear pressure.
The early strength and advance was
dissipated during the afternoon in this
movement with nearly all the active
stocks closing II to "a net decline for
the day, under the lead of Union Pacific
and Reading.
The financial district is waiting for a
settlement of the Union Pacific matter
and the decision in the Minnesota rate
case. There is no doubt an extension of
time to about July ] will be granted to
the Union Pacific to dissolve the South
crn Pacific merger. and the brief filed
yesterday with the Supreme Court in
the Minnesota rate case is in favor of
the railroads, and instead of a decision
being withheld for six months, it is like
ly to come any Monday.
Representative Levy has introduced a
bill creating a boards to investigate COM
binations in restraint of trade upon the
allegation Of six or more citizens that
such combinations have enhanced prices
or operated to the detriment of consum-
crs or producers The complaint may be
filed in any District Court, and if the
judge is satisfied that there are sufficient
grounds he may order the investigation