The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-08-06
WALL STREET GOSSIP

President Pennington. of the 500. re-
turning from North Dakota, says crops
are much better than indicated two
weeks ago.
Subtreasary gained N,2ae,Oo from the
banks yesterday, and since Friday has
gained $1,000 from the banks.
The international Smelt and Refining
Company declared quarterly dividend of
: per cent on its stock, payable August 30,
to holders of record August %
Snow estimates winter wheat: g, 900. 600
bushels. 16.1 per acre: spring wheat III s.
Cc.OS bushels, condition 153; oats sOO,-
oc0.O0o condition ia
Great Northern report shows June in
come increase $22i, $50: twelve months in
crease Si9l ,ee3j.
Missouri Pacific: Fourth week Of July.
decrease s2cs.coO. for month of December,
decrease SIS, 1S9.
Bradstrect reports increase in visible
supply of wheat 1900 bushels; corn.
American. east of Rockies, decrease,
1.Oi1.oo bushels: oats, American, de-
crease. 1.Gi,oo bushels; wheat. United
States, east of Rockies. increase. 5.lg7. 900
900 bushels.
Hartman & Co.-Believe this stock
market will gradually work higher.
There is a considerable short interest
which is becoming uneasy.
Erie-Reorts of June income shows in
crease of siOc.67l; twelve months, in
crease. $s.96l,SlS.
Texas Paciic-Reports for fourth week
In July increased revenue of si5,553: for
month, increase. 1896
Ohicial forecast is for clear weather
all over the cotton belt tonight and to-
morrow. Lowest prices of the season
by to points since about June
were made when December was sold
down to 1886, and January 10Ss. That
level was reached on stop orders follow
ing bear raid, and heavy selling by
brokers who usually act for Pell & Co.
and McFadden. After the break the
latter turned a large buyer Market
has better undertone and should rally
somewhat.
There is a strong belief in we'll
informed circles that United States
stockholders are destined to receive a
NoSh oohos iioiii tnc pTOCetuS derived
from the sale of the 5000, oOV of Southern
Pacific stock now held in trust by the
Central Trust Company. Just how much
OF the aggregate received will be dis
bursed to stockholders is impossible to
learn, as II is stated that the matter
has not reached a definite form. 1t is
argued that stockholders are entitled to
receive a portion at least of the large
amount that will be paid into the treas
ury Of the Union, and 1t is also thought
that some of the directors at least are
in favor Of such a procedure.
s. B. Chaplin & Co.-The market showed
more strength and a better undertone
yesterday than at any time for the last
several months. The better crop reports
on wheat and indications of rain for parts
Of the corn belt suffering for-moisture,
together with the improvement in the
general feeling over conditions at WASH
ington, all contributed to encourage more
activity for higher prices for the general
list.
E. & c. Randolph to W. B. Hibbs &
Co.-The stock market was dull and
strong. There was no news of special
interest The market seems to creep up
OF its own accord, due to its sold-out
condition. The evils in the situation,
both political and economic, have been
overdiscounted. Prices went too low, and
they are now slowly back to a proper
level Speculative Interest in the market
u At . minimum. The short interest we