The Washington herald., 1913-10-03
new YORK LIST
SHOWS Strength
Bank of England Raises Dis
count Rate, but Street
Buys Stock.
JEWISH HOLIDAY Is FELT
Railway Common FirmeF at 81 IL
Bid-Vanderbilt Roads Earn
ings-Ancient History.
JEWISH HOLIDAY IS FELT
BY /. \. FLEMING.

Il
advancing about S-4 point, with Union
Pacific and Steel common setting the
pace, the former with ia gain and the
latter IS
This. too in theSface of an advance in
the Bank of England rate of discount to
8 per cent and with nothing in the way
of encouragement anent the Union Pa
cific melon cutting proposition.
Balkan troubles were further demon
strated as rather serious by the action
Of the governors of the Bank of Eng
land. Railroad earnings continue rather
unfavOTable and crop reports give promise
of lessening volume of traffic.
The tariff bill is matter of days 20
become effective, and II is expected that
results will demonstrate features less
favorable to industrials than have eX-
listed
Railroad companies are making stren-
uous efforts &c accomplish financing op-
erations. Bankers gathering in New
York City to attend the convention OF
the American Bankers Association, o1er
an opportunity for 800 members of the
selling syndicate, disposing of $30,OOOOOO
new InterbcrO firsts and Reading IS, will
assemble today to listen to Theodore
ShOnts, president of the lnterboro, who
will explain in detail the new Interboro
plans. Bonds are to be offered at around
s. l-2 and 90.
The immediate opening in London was
attended with a show of strength III
COppeTs Our own opening was followed
by fractional losses. This trend changed
soon after the opening. and strength was
evident from then to the close. Canadian
Pacific was also a London leader. gaining
SIS. and for once holding the full ad-
vantage, with more dCing than usual III
the New York market
Back of Union Pacific.
Evidently there was support back of
Union Pacific ami Steel. good buying be-
ing in evidence from the start. There
was also strength in specialties, Pitts
burgh Coal ma king good gain on reports
that a committee had been appointed TO
consider the question of paying back divi-
dends on preferred shares, there being
~ l-2 per cent back. A 3-point advance
followed.
steel gained rs, Union Pacific ia
Reading held 3-s, Mop SIS, and North
America l 3-4.
New York Central Interboro, and Ana
cOnda gained So. Lehigh Valley and
Third Avenue made a point advance,
Copper was points higher and Smelter
3-S Copper going up on strong London.
Total sales, $4,000 shares.
Contamination Monday.
Monday morning the present quarters
of the Citizens Savings Bank will be
closed. and the merger with the District
National a fact Most of the stock trans
fers of the former for the latter have
been made the bookkeepers of the Dis
trict have been moved to the entTesOI,
and two new tellers' cages constructed
for the savings department, which will
be in charge OF B. R Walters. who has
been elected a vice president of the Dis
trict.
There was a good demand for District
Bank stock yesterday, seventy-eight
shares selling to 145 IL and the same bid
Tor more for a time, and then the bid
price raised to l47, with none offered un-
der 155. One of the leading brokers
seemed to have ample orders.
Railway Leader.
Railway common was the leader in ac-
tiVity, and il was decidedly strong. 1t
opened off a point or at 80. rose TO 80 1-2,
and after the call sold at 81 l-2, with or
ders for any part of 1000 shares at the
81 1-2 mark. the official closing being 81 l-2
bid. none offered The preferred was
nominal. 80 IA bid and 90 1-2 asked.
Capital Traction sold sparingly at 116
to rs IL and closed at 115all5 Ia.
Gas strong at s. 5-S.
Commercial National Bank. 1875.
Bonds Active.
II was an especially good day in the
bond market. $1,000 Riggs Realty IS SELL
ing At III IL. $5.O0O Railway IS at s. 3-S,
and Si.0o0 Potomac Consolidated rs at
80 s-AalVu
Halfway Earnings.
Here is comparison of the earnings
of all branches of the Vanderbilt lines
for August 1918, and the same month in
1872:
NEW YORK CENTRAL & HUDSON RIVER.