The Washington herald., 1913-04-05
FINANCIAL GOSSIP

.
A prominent active interest is reported
stocks in anticipation OF decided further
upward swing in the near future
Investigations show that there is 4
heavy private borrowing demand for the
active stocks. II is said that this may
he from other than bear sources.
Trade sources are inclined to expect
a further advance in copper metal, and II
is thought in some circles that the i'm
provement will be sufficient to warrant
increased dividend action by some Of the
minor copper companies
reliable authority is reported to est
mate United States Steel will be able
to show earnings of about per cent for
the common stock after tariff revision
has been carried out.
Banking interests are understood TO
feel that the further decline in time
money below the per cent level is fully
warranted by the Improvement in, the
financial situation abroad.
Reading and Lehigh Valley have been
strong features; traders attribute their
terests.
London copper firm up IL shillings.
Childs--I think this is a good time to
take profits with idea of buying back
lower. Market has lot Of steam and
may run up little, but l believe there
is too good a selling basis to be over
looked by those who bought at the lower
Ill.
confirms this view. / think turn can
be made on short side o1 Rubber.
February earnings of Rock Island Com
pany show Ass per cent earned net On
preferred stock, compared with deficit of
ss3 per cent for February a year ago.
For eight months of fiscal year, SIS per
cent compared with deficit of o.02 per cent
for same period last year.
Evans-From the way they are handling
the market they are not going to let up
just yet. and / favor covering all shorts
and going long for a turn in spite Of the
fact that do not see anything in the I'M
DERIVING conditions which would make a
real bull market possible. 1t looks to me
certainly as il we could see higher prices
in the next couple of weeks.
pool in Canadian Pacific has been
formed in Berlin by some big banks, and
Berlin will probably be a large buyer of
the stock shortly. They had sold a lot
prior to April /, and now that their money
troubles are over they will repurchase
There is a big short interest in the stock.
Moler-The feature of the stock market
trading on Friday from the opening was
Al %1-l--
notably Reading, United States Steel. and
American Can preferred, with bullish sem
timent following the greater activity and
the way the big selling has been absorbed.
Most brokers in the board believe princi-
pal activity on the bull side is by the
group of largest operators.
S. B. Chaplin & Co.-The broadening
OF the market Friday to the largest
volume OF business. and the most buoy
ancy displayed. this year, forced the
conversion of many bears of prominence,
who had been resisting the rising ten
dency of prices ever since the market
turned shortly before the adjournment
for the Easter holidays. 1t also brought
in better buying from large market in |
terests, who had been waiting for a |
fairly accurate forecast OF the new. tariff |
bill.
The greatly increased volume of gen.
eral commission house business indicated |
the more responsive attitude OF the local |
and outside investment and speculative |
public, ana the uniformity or The ad-
vance in the standard railroad and in
dustrial stocks showed the healthy trad
ing conditions.
After such a rapid advance as has !
occurred this week 1t was only natural /
that heavy profit taking should develop
on the advance. The offerings, how
ever. continued to be SO readily absorbed |
that there were only fractional recess
sions from the highest and the undertone
at the close continued good.