The Washington herald., 1913-09-17
WALL STREET GOSSIP

For the first week in September the
Seaboard Airline Railway showed an in
crease in gross earnings of 81. .502 the
earnings being $465.227. From July 1 the
earnings amounted to s4,055. SIS. an in
crease of $ss,024 over the same month
last year.
| There was a meeting of the executive
committee of the Seaboard. 1t was said.
| I'm the Continental Trust Company's
offices today, but no statement of what
transpired was given out.
There is still much conjecture as TO
whether or not the Seaboard will go on
dividend basis, especially IN view of
the fact that the September meeting of
| tho directors will be held in New York
next week. and 1t will be the first meet
ling for several months. No meetings
were held during the warm months. 1t
! Is calculated that the Seaboard is able
| to declare 4 per cent dividend on its
preferred stock, and sentiment as 70
whether or not this will be done Is about
evenly divided.
Moler-The outlook is for an irregular
trading market in stocks the balance Of
the week, with the copper stocks, Erie's,
Southern Railways, and other specialties
of that character more likely to be
favored with the greatest bullish activity
than the leaders of last week. In the
meantime the highest prices for the cop
per metal here and abroad will doubtless
make the copper stocks more attractive.
| American-Familiarity with prices at
the present level would strengthen a
speculative position.
| Herald-There is 10 evidence of weak
ness.
Times-ImprOyement in the money out
| look is almost certain to find reflection
| in the stock market.
Sun-The rank and file is rendered eau
tious by the failure of any of the recent
rumors to materialize. 20.
Post-The tone is for the most part
| firm, the market showing a good deal of
rsllying power.
Z. & c. Randolph to W. b. Hibbs &
Goa good deal of irregularity char.
acterized the market at the opening
which as rule was above Mondays
close, but selling of some stocks soon
forced reactions in these issues, while
others remained strong. At no time. how
ever, can II be said that the market was
weak. The copper stocks were a strong
\ feature on the foreign copper statistics
The copper stocks all advanced. making
new high record on this move Union
on the other hand seemed in good supply,
as did Steel. while Reading held strong
ranging about two points amove Mon
days close. Amongst the specialties
Can was again conspicuous. and in spite
OF the fact that it was said that one
Sfrm had given out selling orders for
\ about l5,OOo shares in the last few days,
the stock held up fairly well London
reversed its position and bought stocks
| moderately here yesterday morning
Around l o'clock the market turned
strong with nearly everything on the list
showing good gains.
Higher freight rates in the United
States, after the currency and physical
| valuation matters are further along, are
lrcgarded by prominent foreign interests
as practically certain. and they are in
vestigating I'm American railroad recuri-
ties on that outlook. and the belief that
the new tariff conditions will also be
beneficial IN the long run.
The American Agricultural Company
declared regular quarterly dividend OF
l IL per cent on its preferred, and of
1 per cent on its common stock. payable
October 10 to stock OF record September S
Interboro Metro Company reports for
year ending June 30. net income decreased
81, ,$56.7sS, and total surplus increased
SIS, ,5lL
London copper closed OF Is from early
morning.
In many places In the street a whole
some fear Of unpleasant developments in
the money market was expressed. The
article on the banking position attracted
widespread attention and showed that the
situation Is not strong, although a strin-
gency may be avoided
An amendment to the currency bill has
nd hU Ngh 81
banks can rediscOunt commercial paper
with Federal reserve banks without re-
gard to capitalization.