The Washington herald., 1913-08-07
WALL STREET GOSSIP

| Comment is heard in investment quar-
tiers to the effect that the United
| States Steel earnings recently made
public and those for the current quar-
ter warrant a much higher lever for
common stock, and have had strongly
| bullish effect on general sentiment re-
gardless Of future steel trade contin-
gencies.
Childs-Market Is very firm, and
| strength in face OF unfavorable crop
news is worrying shorts, outside interest
is increasing and market shows a strong
upward trend. should do better. Good
deal Reading selling.
Great Northern closed its fiscal periol
on June 80 last with approximately Il
per cent earned on its $40. go. 80 capital
stock or a little over 10 "a per cent on
the se31 .0OO,O coo that will be outstanding
when all the installments have been
paid by stockholders on the 81 900 900
additional stock that was offered Tor
subscription last January
Standard Oil reported as buying 1900
shares of Union Pacific, st. Paul, Unit
ed States Steel and Reading Tuesday.
Price current estimates total corn
crop. 2,6s2, 600 bushels; oats, 81, 900, 600
bushels.
Gross earnings of the Lehigh Valley
Transit Company for July, 1913 from
transportation sources alone were $780,.
SOS, a gain of 156 per cent over July,
1872
The gross earnings OF the company
from all sources for the twelve months
ended June 30. 1913, compared with the
gross earnings for the twelve months
ended June 30. 1912, showed a gain Of
15.5 per cent
Net earnings of the Loose-wiles Bis
cult Company for six months ended June
80. 1854 as compared with So, 3S for
the same period last year. increase of
IS per cent.
increase of about 16 per cent.
The American Shelters Company de-
clared regular quarterly dividend of "a
per cent on the preferred. and / per cent
on the common stock. Preferred is pay
able September 2 to holders Of record
August Is.
Boston and Maine-The semi-annual
red stock due September / has been
passed.
The meeting at which action would
have been taken by the directors was
held last month and they don't meet
again until September, as the August
meeting has been omitted, according to
the usual custom.
The Chicago Northwestern Railway
Company declared usual quarterly diyi-
dend of 2 per cent on its preferred and
of "a on its common stocks. payable
October ! to holders Of record Septem-
Der 2.
The Continental and Commercial Bank
of Chicago predicts a wheat crop ex-
eeedins last years by over 100000
bushels.
banks yesterday. and since Friday has
gained s.. 1885,, 900.
New Georgia cotton auctioned here.
First bale of Georgia cotton was auc-
TONED in front OF the exchange yesterday.
L. E. Crusel was the only bidder and
purchased the cotton at 10 cents pound.
London copper closed dull; of %. Cd.
for both spot and futures.
In decision by Judge Bourquin in the
Federal Court, title to valuable coal
properties owned by the Anaconda Cop
per Company in Cascade County, Mont,
is affirmed.
e. c. Randolph to W. B. Hibbs &
Co.-After the first fifteen minutes. the |
scarcity Of many issues became 20 pro- |
nounced as to cause a stampede of |
shorts. This demand was based to q |
great extent on rumors of an extra cash |
by Union Pacific, and that |
stock sold up to l52 -, and Steel common |
sold g. with fractional advances |
throughout the active stocks. When the
covering movement was completed sharp