The Washington herald., 1913-05-16
WALL Street GOSSIP

]. ]. Manning is the principal bear
in Canadian Pacific. We do not believe
these stocks should be sold when they
drive them this way.
Adams Express Company declared
quarterly dividend of ss per share, pay
able June 2.
The Atlantic Coast Line has declared
the regular semi-annual dividend OF 81
per cent on the common stock.
The Chesapeake and Ohio has declared
regular dividend of II per cent
The regular quarterly dividend of 5
per cent, payable June 1s, was declared
on Jersey Central
Boston stock exchange firm of Thomas
II. Perkins & Co. announces inability
to meet obligations.
An investigation of the American
Woolen Company, to see whether ii is
violating the Shermln antitrust law is
proposed in a resolution offered by
Representative Francis. the inquiry to
be made by special Congressional
Committee.
Tokyo-An optimistic belief prevails at
the japanese foreign office that the
controversy between this country and
the United States. over the California
anti-alien land bill will soon be settled
with satisfaction to both sides. I'VE
expect to reach a friendly and perma-
nent solution" said one official. Senti-
ment over the matter is dying out.
Chicago and North Western and
Minneapolis and st. Louis reports rains
in the country west of the Missouri
River in South Dakota.
The Hooking Valley Railroad Company
has declared the regular quarterly divi-
dend of i "a and an extra dividend of
4 1-2 per cent.
Brooklyn Union Gas declared the regu-
lar quarterly dividend of l 1-2 per cent
and the regular semi-annual extra divi-
dend Of l per cent.
Federal Mining and Smelling declared
regular quarterly dividend of l 1-2 per
cent on preferred stock. payable June.
15 to stockholders of record May o.
woolworth has declared regular quar-
terly dividend Of 1 "a per cent on pre-
ferred stock.
There is a well defined rumor in for
eign exchange circles that another ship
ment Of s2oo0.0o0 gold to France will be
made on Saturday. II this export takes
place II will make a total of N0.o0o.0 900
on the recent movement. which was the
amount estimated at the first engage
ment for export was announced.
The United Cigar Stores of America
declared regular quarterly dividend of
/ "a er cent on its preferred stock, pay
able June 16
Money is firmer in London, and con-
tinues very tight in Berlin. 1t tran
spires that f100.00o balance Of the
South African gold available in the open
market in London on Tuesday was Sc
cured by the Continent.
London Copper weak; off 1S shillings
pence.
The proportion of the Bank of Eng
land reserve to liabilities is now $3.50
per cent against 1890 Per cent last week,
and compares with an advance from
$3.50 per cent to 50 3-S per cent in this
week last year.
Investment firms are understood to at
tach little importance to bear offerings
of American Sugar in view of the high
intrinsic value and the belief that the
Investments.
A large house takes the position that
while railway expenses have increased
since the former applications for an ad-
vance in rates, the, revenues have also
Increased, and the companies will find
this against their case.
big trader is reported pessimistic on
sl.. l.
quirements of the, big Eastern roads are
forerunner of additional demands by
other railways.
Conservative sources feel that the posi-
tion of New York Central stock will be
improved by the consolidation plans
which will make the surplus earnings of
the subsidiaries directly available for
dividends.
Well-informed institutions figure that
the Anaconda earnings fully cover