The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-12-13
MARKETS, FINANCE, COMMERCE

is a son Of the 1T. Rev. William II.
Van Antwerp, former Bishop OF Michi-
gan. Mr.. Greer is son OF bishop
Greer, Of New York.
Hartman & Co.-Market continues to
reflect New Haven trouble and what may
develop from further investigations wnlch
may be set on foot It Is useless TO mini
mize the effect from this great catastro-
phe. New England is sore and resentfui,
and renewed feeling against Wall Street
Is the reason undoubtedly forming. IL Is
a new set back on top of what has gone
before.
N. L. Carpenter & Co.-The sagging ten
dency OF the market is due largely TO In
activity. While the Improvement may be
slow, we feel that certain stocks con-
servatively accumulated and held rea-
sonable time will show satisfactory
profits.
Z. & c. Randolph to w. B. Hibbs &
Co.-The market opened generally strong
at slight fractional advances over Thurs
day nights close, being favorably affected
by the reduction of Germany's rate
Stocks were supplied on the bulge, how
ever, and before long prices sagged on,
all of the earlier advance being lost and
small declines registered instead. The
market received support on the decline.
but became very dull. United States
Rubber issues were the strongest stocks
In their class. being helped by me favor
able statement OF earnings presented In
connection with additional stock recently
offered the shareholders. Telephone and
Telegraph was heavy on the report that
lat 10
invade New York and Brooklyn. New
Haven was heavy. Liquidation by old in
vestors seemed TO be in progress. Call
loans have renewed at Ala and per
cent yesterday. The lowest prices of the
day were made In the last fifteen minutes,
the tone being quiet and heavy.
New York Financial Bureau TO w. B.
Hibbs & Co.-Stocks sold In connection
with the New Haven developments are
reported on high authority to have been
absorbed by interests Of the first magni-
tude.
''old-fashioned' railroad systems will
be more closely watched than heretofore
as to earnings, on account Of the New
England mismanagement. This view Is
put forth by very conservative quarters.
The best kind of buying has occurred
in Union Pacific during the professional
raiding Of the past two days.
Reading is being recommended now as
a purchase by high class people to an
extent almost as great as Union Pacific.
Our advices indicate that We are now
in a constructive period and that gradual
Improvement In security prices will be
seem" says prominent institution close
to banking powers.
The New England railroad situation is
in private Washington advices
to have impressed the administration and
the Interstate Commerce Commission
with the necessity of helping the car
riers.
The Woolworth stocks have been sold
heavily for bear account for some time.
Attention Is being called to the point
that in hard times business of the COM
pany expands because OF the many low
priced articles carried for sale.
The enormous maturities in 1914 OF
American short term notes has produced
A bad impression in London. where there
IS now considerable selling OF these secur-
ties. The London settlement was salts
concluded.
Lewis johnson & Co.-While the reduc-
ion IN the Berlin bank rate is hardly
figured at its face value as a bull argu-
nent on stocks in London, as II is taken
% be the result OF an effort to stimulate
he German market. the situation in Paris
seems to be strengthening materially and
wen the Madrid bank failure is causing
10 apprehension abroad. Here, there are
groups of stocks that for one reason or
another are likely to be subjects of
particular liquidating pressure, but on
he whole situation seems sound, and as
horts have been fighting, rallying ten
IencIes in the leading issues, we expect
o see them emerge from trading levels
With a good up turn soon, perhaps on the
development OF any favorable bit of
Washington news.
However. the principal thing hoped for
low is a revival in the steel industry, and
adyices are more optimistic
n that point now than for months past |
The laying CT Of railway employees will
'e another argument for higher freight |
ates. Steel and Copper are helped by
large short interest and are in posi- |
ion TO be advanced sharply, while We
Iso favor the long side Of Reading, |
Tnion Pacific. Canadian Pacific, Third |
venue, and Interboro preferred.
We would sell New Haven on any good |
ally on a scale up. Shorts at these |
rices will have no trouble in covering, !
re think. We expect further selling In |
and New York Central. |
Gems to be good buying In Goodrich |
nd a movement In rubbers to help the