The Washington herald., 1913-02-12
WALL STREET GOSSIP
There was no sign of support in Union

There was no sign of support in Union
Pacific.
The Stock Exchange was closed in OBJ
seryance of Lincoln's birthday.
The American Sugar Refining Company
declared usual quarterly dividends Of
3-4 per cent on its preferred and COM
mon stock.
Sub treasury gained s279I,OOO from the
banks yesterday and since Friday has
gained s4s9S,0o0.
and easy with demand sterling of ten
points from Mondays close.
There was some short selling going on
and traders pounded the market every
chance they got. The Mexican situation
caused some of the selling.
tendency. with very little buying power
Behind it.
The Guaranty Trust and Loe, Higgin-
son & Co. syndicate is offering to the
public here and abroad the sll.00o.Ooo
American Can sinking fund IS at "a L.,
the yield is 3 Ii per cent,
The American Sumatra Tobacco Com
pany has declared regular dividend of 3l1
per cent on its preferred stock and also
the only past due dividend of September
!. 1911. of IL per cent. with interest
thereon, at the rate of per cent per
annum.
New Haven Railroad reports for quar-
ter ended December 81 total operating
revenues increased S,213.17O. Total op-
Grating expenses increased 81. 432. IL. Net
operating revenue decreased S2l9.53S.
Owing to the hardening tendency of
the local and foreign money markets
and the poor hank position in this city
there was some calling of loans yestcr-
day. This refers particularly to some
OF the inactive and high priced issues.
The decline in Rumley stock has re-
suited from knowledge of a plan to is
sue $1,000, 600 notes which will be con-
vertible into stock OF the company. The
new capital is needed to discharge a
floating debt and to provide facilities
for an increase of the companys out
put. The plan being to expand gross
business by 100000 in the coming year.
The strike vote in the wage dispute
of the firemen against the railroads
showed a total of $50 per cent in favor
of a strike and 35 per cent against
The result of the vote also showed
that of the firemen and hOstlers who
are members Of the brotherhood, S5.6 per
cent were in favor of the strike and
~ per cent were against. OF the fire
men and hostlers not members Of the
brotherhood Ss6 per cent were in favor
and IA per cent against.
Leading financial interests in New
York are understood to be exchanging
the opinion that when they learn who
will compose the next administration
Cabinet they will know better how TO
proceed and will not remain inactive as
at present
Financial circles abroad say there is
a view now becoming widespread
throughout Europe that IL 10 but a
question OF a short time until Balkan
peace and the peace Of Europe will be
settled for fifty years
On account of business activities here
and abroad it is said in Pittsburg Steel
circles that the steel business will be
good for the full year OF 1913
rumor comes from Chicago that the
government will file suit against the
that the exchange fixes call prices on
grain each day at closing of exchange
that call price governs deals during the
day. suppressing natural competition
that would otherwise exist
Kuhn. Loeb & Co. announced yesterday
the successful conclusion of the syndi-
cate formed to underwrite the Si2s 0OO 600
Southern Pacific stock to be sold by the
Union Pacific.