The Washington herald., 1913-12-09

vember. increase, s7s,T71; from July l, in
crease, S464,5s7.
New York Financial Bureau-Signs
that labor is becoming more reasonable
are multiplying This factor is one OF
which much is made in bullish circles of
importance.
Rich investors are reported buying in
greater quantity now.
Political Developments abroad are be-
ing very closely anRlyzed by international
circles here. IT is said that as soon as
the French loan is disposed of the Euro
pean investor will buy our securities.
1t is asserted unqualihedly now In
banking circles that the effect and spec
tacle of trade reaction will curb the radi-
cal trust campaign proposed at Wash
ington.
Since the shippers are advocating
freight rate increases. much encourage
ment is taken by railroad heads.
II. X. Evans-The professional move
which was started about week ago
seems to have petered out, as no follow
ing has been developed and the market
stiu remains in the doldrums, without
giving any sign of making a real move
IN either direction. In the meantime the
general business reaction throughout the
country, which Wall Street began to dis
count over a year ago, goes on at an
increasing pace. There are now quite I
considerable proportion Of men out of
employment and this number Grows
daily.
L. G. c Randolph. New York-The
opening was active and strong, senti-
ment being helped by the reassuring in
terview given out by Attorney General
McReynolds regarding the New York.
New Haven and Hartford matter, and
the further intimation which he gave
that trust suits would be avoided, If
possible, and that, where corporations
were violating the law, they would be
allowed to change their method OF doing
business in accordance with the ideas Of
the administration, without the interyen-
tion of the courts. Canadian Pacific was
the strongest feature, its strength being
due to the probability of a segregation
of lands. steamship lines and other out
side properties. 1t advanced over two
points Immediately after the opening.
The market has seemed strong, the
speculative leadership being Centered in
Union and Reading. New Haven was
the weak feature, selling below IS, the
decline being influenced by the very bad
October statement, which was made pub
lie tOOay. american SuSdT TtspOIutu w
Il drop of 3 points to the numerous suits
which have been instituted against the
In the afternoon trading was
light. Heaviness in New York Central
was regarded as a natural result Of un-
favorable statement of earnings for Oc-
tober, published a week ago.
s q. Chaplin & Co. to w. B. Hibbs &c
Co.-The feature of today's market was
the bear pressure directed against New
York Central, New Haven, and Amerl-
can Sugar. The declines in these issues
were, however, simply an offset by the
bear element to a continuance OF the
bullish activity in the general market.
The tendency of prices for the general
list was toward higher levels and the
market would have undoubtedly advanced
more than it did but for the opposition
noted, which was without any specific
news developments. Saturdays bank
statement was much better than any one
had expected and this, with the cheerful
news from Washington predicting the
passage of the new currency bill before
the end of this month, general conditions
are more in favor OF the market than
recently for a further upturn.