The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-01-28
WALL STREET GOSSIP

Accumulation of Illinois Central is go
ing on in anticipation Of the Panama
Canal boom. for that road win benefit
more than any other by the opening OF
| the waterway.
It is reported a great deal of manipu-
lation is taking place in copper metal
| abroad.
American Can Is expected to benefit
materially by the tariff and it is said
the stocks Of the company are being
bought now on that outlook.
Wilson's programme is outlined, it is
said. by his,latest Jersey politics, and II
| turping because II Is confined to the fu-
ture, with amnesty for the past.
Certain important holders of Steel say
they expect to see the trust dissolved,
but believe they will get more for their
stock than present prices in such event.
Unless the Pujo committee receives
from the new Congress additional pow
| ers OF fnquisition, II is said the report
TO De made from current testimony will
be pigeon-holed.
s. B. Chaplin & Co.-There was much
disappointment yesterday over the fall
ure Of the Supreme Court to hand down
the long anticipated decision in the Min
nesota freight rate case. which Wall
Street and railroad people have been
! expecting to be in favor OF the railroads.
The announcement that the court will
adjourn for n recess from February 3
to February a means that unless the
decision Is announced next Monday there
will be no possibility of any until the
court reconvenes after this recess
This leaves the market situation a dull
and dragging one unless there are some
very favorable developments in the
meantime to stimulate sentiment as an
offset to the present pessimism over the
complicated Turkish conditions, in the
absence OF any definite settlement on a
plan providing for the dissolution of the
Union Pacific merger. which will be sat
isfactory to the Southern Pacific inter-
ests and the government In carrying
out the recent decree Of the court.
The statement OF net earnings for the
last quarter by the United States Steel
Corporation. due after the close of the
market to-day. is expected to show about
So, 100000 and about $40 900 for the
year. which would be equivalent to over
5 per cent on common stock after de-
Quoting the years dividend payment Of
per cent on the preferred and the in
terest on the funded debt, and leave a
surplus of about 100000 to be added
TO the previous surplus after making the
usual allowance for depreciation.
The Consolidated Gas Company of New
York reports for the year ended Deem
Der u. last, a surplus after interest and
dividend charges of 1885, $50 against
Sl.562,SS in the previous year, a decrease
OF s26.1Se.
1t is estimated Missouri Pacific will
show for the fiscal year ending next
600 to 100000. The $4,000. 900 spent for
betterment during the past two or three
years is bearing fruit.
II is reported in private advices from
the West that some OF the big steel con-
Germs are now sold out for the entire
year of 1913. 1t is whispered that this con-
dition obtained with the Carnegie COM
pany Of the United States Steel Corpora
ton.
Moore-very little doing: waiting mar
ket.
HatZeldt-Market professional. No
pressure to sell stocks Market will
nave a sOSo AdAls VII ally EOuu HG"S.
Guthrie-I look for a dull strong mar
ket
Attorney Genreal says he has no knowl-
edge of reported settlement of Union
Pacific and Southern Pacific matter.
The opening was dull and fractionalIy
lower. being Influenced by lower London
Uhera
over delay in settling Balkan questions.
Prices began to harden shortly after the
start. and during the day the undertone
remained strong, but with trading on a
very moderate scale and almost entirely
professional The firmness increased as
the day wore on and high prices were
made in the last half. Among speciali-
ties Can was strong in the late trading
and the Tobacco stocks all showed
strength. There was no news to affect
prices one way or the other, and Wall
Street seems to be waiting for a new
impulse.
The government has filed with the SUI
preme Court a reply to the expected
motion in the Anthracite Coal Trust
cases for a modification of the decree
The government opposes notifications of
all DEGREES except in case OF the contract
between the Pennsylvania Coal Com
pany and the Elk Hill Coal and Iron
Company. The government opposes ap-
plication of the New York. Susquehenna
and Western, Hillside Coal and Iron
Company, Delaware, Lackawanna and
Western for modification of appeal
Northern Pacific-December net in
crease. $685. six months net increase,
81. 945. 49,
Samuel P. Colt. president of the United
States Rubber Company, makes the fol-
lowing statement: Judging from news
papers articles to which my attention has
been called, several matters in the recent
application Of the United States Rubber
Company to list additional common and
first preferred stock were misunder-
stood. AS stated in the application.
which has been duly granted by the au-
thorities of the stock exchange, 5000 900
additional common stock is to be given
in exchange for the entire common stock
of Rubber Regenerating Company. 1t is
only fair that our stockholders should
know at this early date that the entire
earnings of the United States Rubber
Company for this fiscal year promise to
be largely in excess OF dividend require
ments. The earnings of the Rubber Re-
generating Company are now double the
dividends on the amount Of the Rubber
common stock issued in exchange for the
corresponding issue of that company: fur
thermore, the United States Rubber Com
pany will undoubtedly, aside from earn
;pog ha ;rdtrarfIva haDafitad IN In