The Washington herald., 1913-12-16
COBALT STOCKS.
TORONTO QUOTATIONS.
WALL STREET GOSSIP

WnLL UlnLLl uUUUll
Census on cotton-Is2. .5s4 running bales
consumed. against 1851 in Novem-
Der, 1872
Private advices from Pittsburgh in
timate the untitled order report of the
Steel Company for December, to be pub
lished January 10. will show an increase.
which would be the first in year.
St Paul and other Western roads are
reported to have laid OF many employees,
which shows a letting up in general
business in those territories, consequently
decreased earnings will have a tendency
to make stocks OF all Western roads
work some lower.
Money Is in demand everywhere. and
while the rates are not high, funds are
hard to get The purchasing power Of
the dollar as regards interest rates on
new capital has decreased materially in
the last few years. This Is one of the
reasons-it may be said to be the main
one-why the railroads are not in a bet
ter position.
An officer Of the Columbia and Knicker-
booker Trust Company says it cost his
company S3IS to collect Sg1T.7O worth of
income tax for the government
Lewis johnson G. Co.-The market Is
heavy. Recent speeches have not tend
ed to cheer people on the outlook. Amer
lean Telephone stock is a good example
of the present sensitiveness over gov
ernment interference. a real rest from
the politicians is what the country needs
most
After the passing of the Mexican Pc
troleum preferred dividend there was a
little short selling. There is almost none
Of this stock in Wall Street and there
are efforts now on the part OF those
bid and it is almost impossible to bor-
row. The general market Is uninterest-
ing and hardly a good word is heard for
it on the floor.
The selling in American Telephone and
Telegraph Is by some OF the same crowd
who made so much money on the short
side of New Haven. 1t makes little
difference to the bears what the stock
is as long as they can get it moving
down.
N. S. Carpenter & Co.-The sagginE
tendency of the market was attributed
to many causes, but principally to Com
missioner Proutys remarks regarding
prospect of increase in freight rates The
short interest throughout the entire list
is large and 1t looks as IL we have too
much company on the bear side. We
believe that stocks are entitled to
good rally on the technical position of
the market.
s. B. Chaplin to W. B. Hibbs-SentimentI
was SO adversely affected by. the un-
favorable speech made by Senator Root
against the currency bill in its
present shape, and also by the address
OF Chairman Prouty outlining the un-
favorable attitude of himself and the
Interstate Commerce Commission to the
proposition of permitting the railroads to
advance freight rates without govern
ment regulation and supervision Of the
issuance of new securities that II was
no wonder the market developed further
general weakness today. The sharp de-
cline of five points in American Tele-
graph and Telephone stock to the new
low record price of 1101-2 and the break
Of 2l-2 points in Western Union to be-
low Sc, and over 4 points in Canadian
Pacific, were instances Of the weakness |
in the general market /
As the only hope for revival of bull
lish activity has been predicted on the |
Of the railroads securing an ad-
vance in freight rates and the passage
Of a currency bill which win insure the
stability of the financial situation Of the /
country, we do not expect anything bet
ter than slight rallies until the present
sentiment against these two great propo-
sitions changes materially for the better
The board of representatives Of the
New York Curb Market Association, by
the narrow margin OF one vote, and fol-
owing a spirited meeting. decided to ad-
nit Standard OH stocks to quotation
The shares will be quoted on the Curb |
sheet under the head standard OIL
In taking this action, the board agreed
10 omit the listing fee Of 500 which Is
demanded Of companies seek
ng to list, as well as the requirement.
u a transfer ofice to be maintained In /
his city. As a matter Of fact, the Curb
Association invited the Standard on COM
oanies to get themselves listed over a
year ago, but the subsidiaries refused to
accept
New York Financial Bureau to W. B. I
dibbs-The best purchases in the stock
market rails are Southern Pacific, Great
Northern, Northern Pacific, St Paul, and /
Union. according to high authority.
With the passage Of the currency law,
banking interests are expected to be much
more liberal with funds for financing.
Strong recommendations are given toI
,uy standard investment securities now
because OF the bright prospect for a
ubstantial appreciation OF the princfpal'' 4
4.-aong low-priced issues We find thesel
most favored as purchases: Erie firstI
referred, Missouri Pacific, Southern Rail-
way, Car and Foundry. and Great North
I'm Ore.
Predictions are :ade that the recupera-
ion of New Haven will be rapid. owingI
o the rich territory traversed. IAN thatl
) needed Is good Operating and financiail
mana gernenfsr savS a bte 49,. rr-,...-.i