The Washington herald., 1913-10-29
WALL STREET GOSSIP

Traders sold market in afternoon ON
Mexican news.
C. Miller and Finley Barrell sold Steel.
Southern Railway September report
shows gross increase. $751; So; net de-
crease. Sis. go
Seventy-seven was predicted for
American Can preferred; "a for Can, and
a general move up.
Union Pacific September report shows
gross increase. ssOo,07; net decrease.
s32o S6L
Union Pacifics statement for Septem-
Der caused selling of the stock.
London copper was quiet and OF 2s 3D.
Government suit overhanging American
Telephone and Telegraph hurt market.
subtreasury gained s2,576.oO0 from
Banks. Monday and since Friday has
gained s4.sss, 0oo.
London cabIed that of the s1, ,0O0, 900
of South African gold offered in the open
market, $4,000 was taken for New York,
while f20O,0O0 was taken for India
The market showed a strong under
tone. There was little stock coming out
and shorts were nervous.
President Ryan. Of the A. c. p. de-
nies that settlement of litigation has
been effected between A. N. c. and Butte
and Balaklava.
Liverpool cotton opened quiet and
steady / 1-2 to up. At 1890 D, m. the
market was quiet and unchanged to l-2
point net higher. Spots freely offered,
prices steady points on, sales 5000 bales.
The Pope Manufacturing Company was
placed IN the hznds or a receiver. Tne
company was Incorporated on December
q. 1908, In Connecticut as a reorganiza-
ton OF the Pope Manufacturing Com
pany OF New Jersey. On December ..
1872, the company was reincorporated in
Massachusetts,. II has an authorized
capital stock of 100000 common and
s, 600 6 per cent preferred. The amount
outstanding is $3,sso.0OO common and
s. 2es, 900 preferred.
dispatch from San Francisco stated
that Chairman Loyett, of the Union Pa
cific. had arrived there. Mr.. Lovett said
that the Union Pacific was not trying
TO obtain control OF the Central Pacific,
sS his company had other uses for its
money.
In an address before the twenty-fifth
annual convention of the National Asso-
citation of Railway Commissioners, Chair
man Clark, of the Interstate Commerce
Commission. declared that IDEAL trans
portation conditions could not be attained
without an increase In rafas
Improvement in the monetary situa-
ton abroad has operated to increase 'op-
timism in New York and moderate bet
terment may be seen in stocks II the
Mexican situation develops no startling
features. The floating supply of stock
is small and the accumulation in the last
decline has not come upon the market.
Baltimore and Ohio is well bought.
A. C. p. may do better. Shorts are
retiring N Union Pacific and Reading
and may carry them higher. st. Paul,
Great Northern, and Northern Pacific
are taken by strong interests on all re-
cessions. The changes in the Rock Island
system mean better conditions and the
securities are we'll bought Steel is over
sold; Cotton is sold on advances by big
interests.
Nothing better than a traders market
is to be expected until the new cur
rency bill takes definite form, which will
be satisfactory to the banking and busi-
ness interests Of the country, and con-
ditions in Mexico become more settled.
On good bulges from this level it Ia be-
lieved there will be enough pressure OF
to hold any aggressive bull
ish efforts in check. The Steel Corpora
tion's earnings. are expected to approx
mate si2,0o0ooO.