The Washington herald., 1913-02-15
WALL STREET GOSSIP

The Baltimore and Ohio Railroad
called for bids for 100 locomotives at an
estimated cost of s., 10000.
The Seaboard Air Line Railroad has
sold $6,OOo,0OO three-year 5 per cent notes
to the National City Bank.
Foreign exchange market was quiet,
with rates up to 10 points.
The decline in copper was due to trad
ers and stop orders. Traders then bought
Union Pacific and Steel.
At a meeting of the directors Of the
Isle Royale Copper Company yesterday a
dividend OF Il a share was declared.
This is the first dividend on the issue.
The known movements Of money for
the week ended with the close of busi-
ness on Thursday. five days, indicates
loss In cash by the local banks Of 81
3T,O61.
Subtreasury gained s1,s3l.Ooo from the
banks, making cash net gain since Fri
day sG,c91.OO0.
There was withdrawn ssOe,0O0 gold
from the subtreasury yesterday for. ship
ment to South America.
Edward Andrew, president of the Board
Of Trade; Frank B. Rice, vice president.
and all the directors Of the exchange
/ have been summoned TO appear before
Judge Lands in the suit brought by
the government to do away with the
grain call. which is alleged to be Illegal
The business of the interior is larger
than expected, according to Chicago
bankers. who anticipated that the tarifr
prospects would cause hesitation.
The market for tariff-protected special
ties is said to be of a very thin char
acter. Offerings in any large amount
probably would break prices.
Foreign buying OF Great Northern Rre-
ferred stock is, noted during weakness.
Attention is being called by commits
sion houses to the high return now be-
ing offered in leading railroad stocks at
the lower levels established.
About 5000 men are out at the Fire
stone and Goodyear plants. at Akron.
Ohio. in a strike against a change in the
schedule OF pecewOrk.
: The governing committee of the New
York Stock Exchange has adopted new
rules, directed particularly against brok-
ers carrying accounts without adequate
| margins. improper hypothecation OF Gus
, toners securities, and reckless dealings.
The Iron and Steel Company's report
for six months ended December q shows
an Increase in net earnings of Sizes. 76l
and an increase in surplus Of SI.N,Sl5.
Further prosecution OF the Hard Coai
Trust by :he Federal government was
begun at Trenton in civil suit against
the Delaware. Lackawanna and Western
Railroad and the Delaware. Lackawanna
and Western Coal Company. II Is al
legged that coal-carrying roads and affili-
ated coal companies make and control
free-on-board prices at New York ter
Ininals.
Stocks were irregular at yesterdays $
close. but the days transactions showed
material improvement, both in prices and
in sentiment. Canadian Pacific was strong.
American Can and the coppcrs We're ac-
tive all day, responding easily to buying
orders. The chief reason fer the i'm
provement in the market was The re-
newed evidence of the collapse of the
Turkish government and the assurance
that the United States does not intend 10
interfere in Mexico.
private cable adviceS recelreq from
London state that the United Metals
Selling Company and the American
Smelling and Refining Company have
reduced their prices for electrolytic cop
Fer both IN London and in Germany.
The extent of the reduction by the
Amalgamated interest YVES not stated
but the cut by the American Smelling
and Refining Company amounts TO l
cent per pound. an equivalent of 15io
a15 80 cents for March and April delivery.
As far as can be learned. neither of the
companies mentioned has altered prices
here, which have been on the basis of