The Washington herald., 1913-01-04
WALL STREET GOSSIP

buliing st. Paul for 15o before the middle
of the summer on account of the rapidly
increasing earnings.
Foreign bankers say the depression in
New York has been due to European
factor and that as soon as the interna-
tional political sky clears stocks will inn
prove.
1t is stated that of the Sc per cent in
crease Of the United States export trade
for 1872 over 1911 about 2s per cent rep
resents higher prices.
Amalgamated Is still bulled by some
Of the strongest Boston copper houses.
"The antitrust campaign has added
to the burden of the people rather than
otherwise" says a prominent institution
that has been investigating competitive
and combination methods
Bull reports are noted In some of the
large Offices in regard to the Equipment
stocks on account of rumors Of impor-
tant orders pending.
A large number of stop-loss orders for
bear account are reported to be just
above ruling prices in Steel, Smelters.
and Reading.
The following statement was given out:
Resolved, That in view of the large
stock of manufactured sugar on hand de-
clared unsold no action be taken respect
ing the payment of a dividend on the
common stock at present" The first
quarterly dividend on the common stock
was / Ii per cent and was paid on No
vember Is, 1911.
Anaconda Copper Mining Company's
December smelter output was 23.i0o.0oo
pounds of copper.
Western Maryland is weak on the ru-
mors of poor earnings and talk Of the
passing of dividend on preferred stock.
Illinois Central has placed 100000
worth OF equipment and rehabilitation
orders. including 5000 tons Of steel rails.
or l5.000 tons more than last year. Ad-
ditional orders aggregating nearly sZoOc.-
600 for varied equipment are expected to
be placed shortly.
Interboro Rapid Transit for November:
Gross increase. sl20.s3S; operating ex-
penses increase, s20.SN; net increase.
soo.2S7. Total income increase. s6s.546.
The known movements of money for
close OF business on Thursday indicate
a gain by the banks of sls,SeS9io.
The Brooklyn Rapid Transit Company
has filed a certificate OF an increase of
its capital stock from sf5, 10000 TO sso,-
0oo 900.
Chesapeake and Ohio for November:
Gross increase, s27s.4as; net increase,
81, ,9G
Foreign exchange market is strong.
Sterling up Is to 20 points.
Many traders believe that the impor-
tant interests are trying TO sell stocks
and that strength in coppers is due to
manipulation with the purpose of selling
other stocks. Tone of market has been
strong. but the bear operators have
been doing nothing to deprcss IL. For
eisn liquidation in Western Maryland Is
There is an American Beet
Sugar dividend meeting to-day, when
some reduction Is feared.
The Interboro Rapid Transit Company
for November a surplus avail
able for dividends of s55S.67 an increase
of .s74.I1. From July to November 20
the surplus was sa,o71.o57. an increase of
$50, ,e35.
London market for Americans this
morning shows irregularity. due TO a
hitch in the peace negotiations abroad.
Money conditions here are ruling easier
and will no doubt be a factor in stock
market activities a little later on. Just
now the Street is apt to take advantage
of bulges TO reduce commitments, with
Supreme Court decisions pending, and
likely to be announced next Monday, as
well as a resumption of the Money Trust
inquiry is hard to predict We believe
that conservative purchases or the good, |
active issues can be- made on any ir-
regularity, but would not counsel climb |
ing after stocks. |
Minority stockholders of the Wheeling |
and Lake Erie win their fight to gain |
control Of property and oust directors OF |
majority faction.
Canadian Northern Railroad orders |
81 10000 worth Of equipment.
Net earnings of Louisville and Nash |
Vile in November, sl,S7,S90; decrease,
s46, 90.
Net earnings of New Haven in Novem-
Der, Sl,66 or; decrease, $5175.
Even break expected between produc-
ton and deliveries in copper producers
statement for December to be issued
January s.
Rumors of increase in dividend rate
On United States Rubber common did
not materialize at January meeting.
Usual quarterly dividends of 1 per cent
IN common. 2 per cent on first preferred.
and 1-2 per cent on second preferred
Treasurer Carton, Of Swift & Co. In
his report for the year ended September
%. says: Besides paying per cent on
he capital stock, amounting to S0,250,o00.
here has been added to the surplus
s, COO 900. increasing it to s2s.0Co,o0O and
ilso increasing comparatively the re-
'erves." 4
At the annual meeting the following
directors were elected: l.. F. Swift. Ed
ward F. Swift, Lewis l. Clark, L. A.
carton, l.. B. Brainerd. Charles II.
swift, and d. ". Anthony.
The stockholders voted to extend the
'harter of the company to January l,
9s4.
At a meeting of directors the present
ulcers were reelected.
The decline in Western Maryland
tocks to a new low level foreshadows
probable suspension of preferred divi-
lend at directors meeting next Tues
lay
Inasmuch as the earnings have been
hort of the dividend requirements dur
ng the last year and in the current
ear to date, 1t probably will be the
olicy of the management to conserve
unds until the new extension with Pitts