The Washington herald., 1913-03-20
pean Turkey, according to an inspired dis
patch from Berlin to the Cologne Gasette

pean Turkey, according to an inspired dis
patch from Berlin to the Cologne Gasette
Burras-They are trying to break the
market, but when they get through SELL
Ing I look for rally.
The Sears-Roebuck decline was due
to the proposed Legislation in Illinois
making the minimum wage OF workers
$12 week.
Evans-The over-the counter bond
market continues to grow steadily
worse. The pressure to sell increase
and the demand for bonds diminishss.
This Is one Of the worst features in
the situation. and one of the strongest
signs pointing to lower prices in the
stock market.
Moler-All the foreign markets were
very dull yesterday. and showed no
decided tendency either way. It Is not
believed the assassination of the King
OF Greece will complicate the Balkan
situation, and in view of this fact,
with all the exchanges in Europe re-
naming closed from tomorrow after
noon until next Tuesday, the DISPOSE
tion is to await further events. par
ticularly as regards the money situa-
ton in Berlin. In our market the in
uVdtioHs punt " q TepetltiOH IN most
respects of the name kind of trading
and fluctuations of the last two days
in narrow. irregular. and dragging
traders market.
Dow. Jones & Co.-Union Pacific and
New Haven show a much better class
OF buying. Reading Is we'll bought.
More liquidation may be found In
Pittsburg Coal and woolworth. Good
buying will be found on further de-
clines in Pennsylvania. New York Gen.
tral, and Copper.
New Haven is reported being bought
by Standard Oil interests. Its purchase
is recommended by floor traders, who
consider liquidation is about ended in
that stock.
The United States Steel Corporation
is unable to accept orders for quick
delivery. even when accompanied by
a high premium inducement The rail-
roads are placing large orders as well
as the equipment companies.
The opinion is held by well-in-
formed source that professional leaders
will endeavor to even up their commit
ments before the beginning of the
Easter holidays. and in doing so the
buying map be found to be the better
feature.
II further slumps take place In the ma
ture Of bear attacks. the purchase Of
Reading is suggested by inside brokers.
Western houses are calling attention
to the fact that roads like the Great
Northern, Northern Pacific and st. Paul
will show increased ca earnings in coming
reports, owing to the absence of Sc
we're conditions during the last winter. |
s. G. Chaplin & Co.-The sharp rally |
in the general stock market yesterday |
afternoon was principally due to cover |
ing of shorts following the heavily over |
sold conditions which developed in fol- |
lowing the early break on the unfounded |
been filed against the American Smelt-
ing Company.
In that slump the selling was OF such |
a heavy character and there was so |
little support that a score Of inactive
stocks made new low records
for the past year. following the four
point break In Smelling.
After the announcement had been
made on behalf OF the Smelling Com
pany that il had no knowledge of such
A suit. and the Attorney Generals
department denied that any action had
been taken. the recovery in the general
market was as rapid as had been the
decline.
As a result of the days trading the
markets technical speculative position Is
much improved and is now in a better
position to respond to any favorable de-
velopments in the local or European
money situation after the Easter holi-
lays.