The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-04-10

London copper steady. Spot up Is Cd
futures up IS.
The following announcement Is made
concerning the proposed merger of the
independence Trust Company and the
West End Trust Company. Of Philadel-
phia: THE directors of the West End
Trust Company and the directors Of the
Independence Trust Company have agreed
to merge the two corporations. subject
to the approval of the stockholders. The
united corporations will have a capital
of 5000 600 and a surplus of s., 0o0, 900. The
business of the two companies after May
will be carried on in the West End
Trust Building
Simpson-Short covering on a big scale.
Guthrie-Rally will probably go fur
Their.
Adams-This is a manipulative market;
probably will work higher.
Brown-Good foreign buying this morn
ing. Stocks have been handed out freely.
Hatzfeldt-Can looks good.
The Chicago, Milwaukee and st. Paul
Company has sold $4,000, 900 AZ per cent
bonds, due 1883, to a syndicate headed by
Kuhn. Loeb & Co. and the National City
Bank.
Some of the smart fellows say that
they are going to put Steel common up.
Woolworth dividend increased, direc-
tors declared quarterly dividend of H.
an increase of Y of 1 per cent over pre-
vfous disbursement. The dividend is
May i.
Sales of National Biscuit Company
continue to increase. For January and
February the sales were of record pro-
portion, and March is understood to
have done fully as WELL The expansion
in gross is running at a rate of about
is per cent increase.
National Biscuit net profits are running
at rate to equal about II per cent on
common stock. after allowing for
per cent preferred dividend.
Moler-As London comes stronger and
higher on easier money there and on the
Continent, and latest reports on the Bal
kan situation show that the allies re-
gard MontenegrO's defiant position to the
powers as untenable, the continuance of
a good trading market here is in pros
pect, at least for the rest of the week,
with more probability of higher prices.
Good railroad stocks are a purchase on
any fresh recessions Is the opinion of
some of the largest operators and best
judges of conditions in the street. The
crop outlook has never been more prom
Using at this time Of the year.
w. B. Hibbs & Co.-The overture hav-
ing been played, the Presidential pro-
logue pronounced, and the curtain raised,
the great Democratic play of tariff re-
vision Is now staged for action.
They will get down to cases soon. In
caucus, the Democrats of the House will
look over the actual rates proposed and
see how theory fits actual industrial
conditions as they must be viewed in
their several districts.
The proceedings have gone beyond the
stage of talk and illumination, and from
now on every action means something
real, something tangible in its effect upon
the prosperity of the country, one way
or another. favorable or inimical.
The real battle, however, is to come
in the Senate. During yesterday and last
night there were further combinations Of
interests TO fight the low rates. A con-
vention of cotton manufacturers. now
goods schedule. The wooden goods men
tof Pennsylvania are protesting might
lily against schedule K. The wool grow
ers Of the Middle and far West and the
beet and cane sugar men are getting to-
gethef.
The tariff bill will find it hard road
to Jordan.
The Chicago, Milwaukee and st. Paul
Railroad sold it's 900 issue of ~
per cent bonds. maturing in 1887. to a
syndicate, headed by the, National City
Bank and Kuhn. Loeb & Co.
L
The retiring directors Of the Southern