The Washington herald., 1913-11-30

from Fridays close.
The sale of a single lot of 500 shares
Of Goodrich preferred developed such
a lack of demand that other selling
orders quickly appeared. causing a de-
cline Of ( points. The weakness at
tracted attention to the dividend out
look, because of the various Interrupt
tions to business during the fiscal year.
Missouri Pacific also developed weak
ness. declining / point, with the stock
supplied by a firm which has been
noted as frequent sellers during the
last two months The weakness in
these issues had an influence on the
trading all through the list, and frac-
tional losses were sustained in some
Of the important stocks.
Rock Island October operating reve-
nue. decrease, s63s.126 net operating
revenue decrease. s24o.053; operating
income decrease. s2s4.4S7.
Announcement is made that Leader
Underwood is not to retire from the
House pending his race for the sena-
torship.
Sub Treasury gained s2,sO4.OOO from the
banks yesterday.
Harris Winthrop sold 1000 Steel
Goodrich preferred declared regular 1x
quarterly.
Can preferred dropped under ninety and
there was renewal of selling movement
in the common on revival Of rumors that
the government inteHded TO institute suit
for dissolution OF company.
To pay the interest on the National
Railways of Mexico bonds due next
month the government yesterday shipped
2,OoO, 900 pesos to New York.
It must be a pretty thoroughly liqui-
dated market that disregards 10 per cent
money and the announcement of the
failure of s25.000.0o0 real estate concern.
whose holdings are made up principally
of choice New York property. Such a
market with prices down to present levels
does not offer much encouragement to
seIling-either short or longs.
1t looks as II the disciples of unrest
were beginning to lose favor and giving
place to those who believe that security
prices have discounted all the unfavor-
able factors that have arisen and a few
that have not
Post-However well Europe may be dis |
posed toward our stocks at this time the |
cheapness of its own securities acts as |
a barrier to extensive investment in |
quiry for Americans.
High call money rates are restricting
speculation of a bullish character and /
may continue to do so. especially as the
Wilson message is expected to go toI
Congress early next week, when the
Supreme Court reconyenes
On reactions good buying of a scale
down character appears In rails, but the
are sold on trade reaction.
Realty stocks are being offered down.
The floor Is bearish on woolworth.
The buying of New Haven is said to be
better.
Union. Southern Pacific, Great North
ern, and Northern Pacific are well taken
on recessions
High authorities are now taking the
stand that the trade reaction and tariff
readJustment are certain to operate for
in the Industrial wage scale
Copper experts say that the Mexican
iifficulties are daily deprivfng the copper
metal market of 10000 pounds of the
metal.
Heads Of big institutions are reported
IS personally buying certain railroad
stocks with large margins OF safety to-
iold for the period of year or two.
Communications privately received here
rom London say that at the current level
,f price, European experts feel that
American securities are at actual value
md in some cases below.
'The buying of Union Pacific is Of high
luality." says private advice-from ar
iiiations with the Kuhn Loeb interests.