The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-04-24
MARKETS---FINANCE---CO COMMERCE

better feeling on all foreign bourses. It
Is held back on the other hand by the
apparent exhaustion Of investment CAPT.
tai and the steady sag and depression
In the bond market
Interborough Rapid Transit for March:
gross operating revenue, increase, SIS, S49;
operating expenses. increase. $19,3,7; net
operating revenue, increase. $79.522; net
income, increase, $S4.501.
Norfolk and Western has declared the
regular quarterly dividend of IL per
cent on common stock.
f. & c. Randolph-The opening was
dull and little heavy, but there was
no pressure, and stocks soon rallied, in
the second hour more than regaining all
their losses and showing fractional ad-
vances. In the early afternoon this ad-
vance was again lost, and heavy tone
prevailed rather generally. Fluctuations
were Insignificant and the trading was
almost entirely confined to the ROOM
New Haven went through it's daily
routine of making a new low record.
Both the Baltimore and Ohio and the
st. Paul bonds, on the other hand, were
well bought, and the syndicate seems
to be gradually but steadily working
OF the bonds that were not sold.
Loadings on the Atchson for the week
ended April 10. including cars received
from connecting lines. totaled 2Ss7s cars
against 1886 in 1912. a gain Of $780,
Hartman & Co.-The pig-iron situation
shows improvement. with prices frmer.
although no increases are reported. Le-
high Valley March gross decrease $4O1,-
262. Net decreased 1885 999. Wage de-
mands of conductors and trainmen on
ffty-four railroads approximate Is per
cent increase.
Potts-The fall Of Scutaria has put
somewhat of damper on the bulls. as 1t
is realized that the Montenegrins will
now hold out for the territory they have
captured. If the powers do not grant
their terms. they will fight, and a good
many think that Russia will aid them.
There is very little liquidation. however,
and j would only sell the market on the
very strong spots. 1t looks to me as IL
the banking interests have combined to
hold the market. with the hope that
something favorable may turn UP. Con-
ditions are against them. however. and
in the end the market will have to go.
W. = Hibbs e Gothic intimations in
these dispatches several weeks ago that
the President would urge action on cur
rency if he found the way smooth for
tariff are borne out. The reasons for 1t
then stated apply now, namely, that the
President realizes the possibility of dis
turbances to business through tariff re-
vision. and would minimize them as far
as possible by amelioration Of the cur
rency stringency which might result.
The legislation which the House and
Senate money sharps have in mind Is. in
fact. modification of the Aldrich none
tary plan, although this knowledge Is
source of discomfort and suspicion to
the radical element in Congress.
A part of the proposed monetary leg
islation at the extra session will be the
extension for another six years Of the
emergency currency act now on the stat
ute books. but which expires In June,
1914
The prospect is deemed promising for
action on some kind OF currency re-
form law before this session adjourns
II is still hoped to clean up the tarin
and currency both by August 1.