The Washington herald., 1913-04-06
WALL STREET GOSSIP

First three-quarters of Interboro's fiscal
year indicate balance of about q per
cent for stock. against 1876 per cent a
year ago. Exports of iron and steel in
February reached $50. 100000, against $1o.-
0oe,00o ten years ago. Net earnings of
United States Realty and Improvement
for the year (estimateD will show per
cent earned on stock, against S.27 per cent
year ago.
Dudley Bros. and Benjamin Ferguson
sold Reading. Wardwell & Adams and
Amory bought. Lawson is said to be
preparing q big bear letter, to be made
public today or Monday
Reading anthracite shipments in March
were s76,712 tons a decrease of 4S5,sSS
tons, as compared with March last year
Norfolk & Western: Net operating rev.
enue for February. increase, $145,s net
income, increase, sos, 932.
London cable says it is considered pos
sible that reduction will be made Thurs
day in Bank Of England rate.
Childs-I think that high prices in gen.
eral list were made yesterday. and that
the market is ready to react. While mar
ket was kept very strong, distribution
seemed to be in progress, and extensive
covering by shorts has also weakened the
position. Outside interest in the rise, in
my opinion, has not been large enough
to justify bull campaign. I am told to
sell Rubber.
The strength of Southern Pacific was
caused by rumors of some deal with the
Rock Island.
Evans-A reaction in the market is due.
but the advance does not seem to be
over, and l think that for the time being
money is to be made on the long side by
buying stocks on dips. Although the
short interest is undoubtedly much re-
duce6 1t is still of large proportions. and
further, drives against it are probable.
We shall probably have an irregular
market, but l expect. barring reactions.
very general strength for some little
longer.
s. B. Chaplin & Co.-The following tele-
gram just received from our crop expert.
Oscar X. Lyle. investigating the winter
wheat crop situation: "Chillicothe. Ohio
From Columbus to Chillicothe, stopping
at Kingston in Scioto Valley, the wheat
Full proposition with excellent foundation
for full crop. Rivers have gone down.
Wheat fields that were submerged show
no damage. They are clean and green.
Ponds on saturated fields may cause
some damage by staying too long. That
is the worst feature seen. Wet weather
is delaying field work"
Moler-Private cables report the weak
| ness in all foreign markets to be due
to apprehension over the Balkan situ-
alton. This caused fresh continental
selling at London in our stocks with
| closing prices about one-half point under
our close. and Canadian Pacific OFF one
and one-half points.
1t Is believed here that our market NAV
show some reaction in sympathy with
these more uncertain conditions abroad
1t is reported investment quarters are
! much gratified over the continued grow
| ing strength of bonds since the weight
Of institutional selling was removed.
Foreign banking interests are under
stood to expect a progressive lowering
of money rates as the Balkan situation
approaches adjustment
Well-informed interests are said to
have hopes of initiation of dividends by
| Chino within the next few weeks.
A shrewd operator is reported to hold
| that there Is no tariff scare left In
| the market. and that actual damage
must be shown in order seriously to af-
| feet prices.
| A well-informed legal source is said tc
| maintain that the Minnesota rate deci-
! sion can hardly be other than favorable
| to the railroads. in view of the involved
conflict between State and Federal au-
| thority over rates
| Prominent bull interests are understood
| to believe money demands from the
| flood districts will not greatly affect the
usual flow Of funds to this center dur
ing the spring months.
| Favorable comment is reported to be
made in foreign exchange circles with
regard to the heavy total of wheat ex-
ports from the past week.
A conservative operator is said to feel
that while Rubber stocks are not invest
ment favorites. L. S. Rubber is entitled