The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-01-12
WALL STREET GOSSIP

Plans are being made TO drive the
United States Steel shorts in toward
January IS. when the earnings statement
will be published. Very good buying is
reported to be taking place again in
Miami Copper.
"The stock market win be one of spe-
cialties during the next few weeks"
says a prominent speculative source.
The powers are declared in a private
cable to have an iron-bound agreement
to end the Balkan trouble within thirty
days.
st. Paul is becoming a fsvorite bull
proposition in a large number of COM
mission houses.
The Reid-Moore interests may take
hold OF the bull side of the stock mar
ket very aggressively In the next few
days. according to rumors.
+. & C. Randolph-overnight changes
were small, but as a rule in the nature
of declines, and the market gradually
grew weaker as the day wore on. The
Coppers were soft from the start and
all Of them In the second hour declined
sharply This decline spread to Steel
and other standard issues, and, while
liquidation was not heavy. It was quite
noticeable that the activity increased as
prices declined. The less confident tone
in Europe was given as a reason. There
was a slight rally from the lowest IN
the final dealings. but pretty much
everything on the list closed at a net
loss. Union Pacific and Southern Pacific
held up comparatively well on reports
that satisfactory plan would be an
nounced on Monday.
Thomas W. Lawson is expected to be
the first witness called by the Pujo
Money Trust investigating committee
when It meets on Tuesday. Lawson's
testimony probably will relate to his &C
QUESTION, with William Rockefeller, OF
control of Butte copper mines.
Private wire contracts Of the Western
Union and the Postal Telegraph Com
panies are to be Investigated by the
Interstate Commerce Commission, ac-
cording TO a notice issued yesterday. 1t
has been alleged that persons other than
the parties to the contracts frequently
use private wires for transmission OF
personal messages. which is in violation
of the interstate commerce act.
Evans-The tendency OF the market. to
my mind, is plainly downward. Since the
December break II has had a rally which
is less than a normal rally in a bear
market, and Il again begins TO show
signs OF weakening. Further rallies from
this point, I think. will be slight and
should be awaited OF to sell stocks.
Weakness Of coppers has hurt the
whole market.
Western Maryland earnings for No
vember show a gross increase Of $50, 49s:
net decrease, S3S.3N
Hartman & Co.-Stocks were again
lower in London yesterday. but only frac-
tionally. The dispute among the Balkan
allies seems to be the only cause. Eu-
rope expects to take as much as S5.Ooo,0Oo
gold from America on the present move
ment. The plan OF buying Central Pacific
for Union Pacific, payment being made
in Southern Pacific stock. seems agree
able to all parties. This will be favorable
to the stockholders of both roads. Dam
age to the fruit crop in California will
hurt Atchison more than any other road.
Belief 10 expressed among express COM
pany officials that the parcel post will
not inJure express companies because OF
superior efficiency to be developed
through the absence OF a multitude Of
tiny packages. Reduction of price of
copper will cause greater consumption
and is a favorable development for stock
holders.
Mercantile agencies report that bust
ness in nearly all departments continues
very satisfactory and that there is more
life in trade, though post-holiday in
fiuences still rule in some wholesale and
jobbing lines London cable states that
Great Britain will not sanction the re-
ported attempt 10 be made to insert a
five-year monopoly clause in the six pow
er loan agreement. Dispatches from Port
land. Oregon, state that Attorney Gen.
eral Wickersham has ordered country
wide probe to ascertain whether Stand
ard Oil has obeyed dissolution decree.
Association and Republic
Iron and Steel Company have ar
ranged advance from S6.l5 to s6.45 on a
$40 card rate for pudding for Janu-
airy and February, 15,ooo workers af-
fected.
ChiIds-weakness started in Copper
and Steel. A few selling orders began
to come in and traders who had been
inclined to buy stocks at opening, sold
stocks. Lower prices for copper metal
and steel is reason given for weakness.
The American Locomotive Company
has booked an order with the New Haven
tives and twenty-five switching engines
to be delivered in the spring. The st.
Paul is figuring on over 5000 freight cars.
This inquiry brings the aggregate OF
pending orders up to about 10000 Car
builders cannot promise deliveries under
four months and orders are on the books
II. - lob he n hHo "A