The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-07-09

mitteemen on all OF these lines for Z
meeting to be held here Saturday. wher
they will decide whether to strike Of
not. The general committeeman Of thess
orotherhoods number from LEO to LOO
men"
8. B. Chaplin q NCo.-The dullness oil
the stock market reflects the restraint
put upon further Investment or specu.
/ iattve purchases Of securities by the
great uncertainty OF the new Balkan
| war. and also the threatened labor
troubles the railroads may have to con.
tend with from the demands OF over
10000 conductors and trainmen on the
ffty-two lines operating East of Chi.
cago demanding an increase OF what
amounts to 20 per cent in their wages
per annum. or the equivalent Of 81. 000. 900
The banking trouble at Pittsburgh has
developed no further unfsvorable features
than were disclosed yesterday. The
trouble there has been proven to have
no way Indicative OF any financial stress
throughout the country or from general
conditions.
/ The outlook Is for q continuance Of a
dragging market situation with proba-
bilty of lower prices pending the settle
ment of the Balkan war and the threat
ened railroad labor trouble.
Seaboard Air Line: Fourth week June.
increase. $i2,ss7: month, increase, $1ss.6aS:
year ended June CO. increase. N.52o.3l
Pittsburgh Bank for Savings has only
I,I00,000 on demand checking accounts
and they have S60O0, 900 in cash: average
deposit. $50 per head. It can weather
the run all right. Things much brighter
yesterday morning.
London copper weak: on Is shillings.
There was engaged at the assay ONCE
5000. 900 gold for shipment TO Europe on
Thursday.
The Erie, New Jersey and New York
and New York. Susquehanna and West
ern Railroad Companies have formally
withdrawn from the railroad conference
committee which is dealing with the
wage increases demanded by conductors
and trainmen in the Eastern territory.
A 10 per cent advance in hay rates over
the Chicago Great Western and six other
railroads from points in Minnesota and
Wisconsin to the Ohio River crossing
has been allowed by the Interstate Com
merce Commission. The new rate. II was
held. is not discriminatory to Michigan
agriculturists.
Regular dividends on p. c. c. & ST. L.
and International Paper pfd.
d. G. Reid has sailed for Europe.
Westinghouse Electric and Manufacture
ing Company sells $s,250,oo0 per cent
two-year notes to Kuhn. Loeb & Co.
The shortage in the general list has
been considerably reduced, but the float
ing supply is limited and tends toward
still greater reduction. which facilitates
advances rather than declines.
Floor gossip indicates that the shortage
in such stocks as Union Pacific, Reading,
and Steel has been considerably reduced
so that the market must depend more
on the investment and accumuIative
absorption.
Banking circles feel that while ad-
ditional gold exports to Paris are proba-
BILE. the shipments are strengthening the
situation abroad.
in Great Northern. Oregon, Westinghouse,
and one or two other issues to the finan-
cial troubles in Pittsburgh.
Prominent Eastern railway interests are
said to expect an adjustment OF the labor
without strike.
Large copper and steel trade affiliation
are somewhat encouraged by recent and
developments related to the
demand and supply in these industries.
Active interests have the impression
that the poor response to bullish news
such as the Union Pacific adjustment
may have been due to knowledge of the
difficulties. which are stated
TO arise from well understood local
causes.