The Washington herald., 1913-03-04
WALL STREET GOSSIP

William Loeb. jr., has forwarded to
Washington his resignation as collector
of port of New York. As soon as his
come managing director of all the Gug-
genheim companies.
London-Copper warrants closed at
noon at aixty-six pounds five shillings.
both spot and futures: up one pound
| seven shihings six pence for spot, and
one pound five shillings for futures.
Judge Martin A. Knapp. of the Com
merce Court, yesterday appointed WILL
| lam L. Chambers, Of Washington, as the
third arbitrator in the controversy be-
tween the Eastern railroads and their
| tiremen. March 10 was the date fixed
as the time for beginning hearings to
| take the testimony. Mr.. Chambers was
formerly a member OF the Spanish
Treaty Claims Committee.
When rails cost money In consider
ing the ever-growing plaint OF railroad
managers over the constantly increasing
cost Of materials and supplies, 1t might
he Well to think Of what they used to
pay in the pioneer days Of transporta-
ton. In 1870. when the actual work of
the construction OF the Northern Pa
cific began. the first rails used cost Just
so a ton. And history fails to record
whether or not they were worth It,
The Supreme Court of the United
States will not hand down its decision
In the Minnesota rate case to-day No
decision until next Monday. The Su-
preme Court Is proceeding with the
docket. but no further decisions will be
handed down Until next Monday
Boston commission houses are very
hullish on the coppers. and they think
general market has turned.
The Department of Justice yesterday
filed suit under the Sherman law. at De-
troit Mich, against the Burroughs s
Adding Machine Company, and at Tren-
ton. n. J.. against the American Thread
Company. both OF which corporations are
said TO be monopolies IN restraint of
trade. In the case of the Burrough
Company consent to decree OF dissolu-
tion was entered by the court.
More gold for South America. Halt
garten and Company yesterday engaged
lea on the 8. 8. voltaire on Satur-
day.
London special from Central News.
the British-American Tobacco Company
yesterday declared an interim dividend OF
~ per cent, payable March 81
Americans were strong and higher in
London yesterday The fora Ign war is
progressing rapidly toward settlement
The Pujo committee report has fallen
fiat. in view Of the fact that IL is regard
ed As personal opinion from Attorney
Untermyer. members Of the committee
having been barred from participation in
the report. All lines of business are
active. The worst Is known regarding
politics. The short interest is large in
the market and investors are waking up
to the fact that stocks are cheap.
Chicago. Steel market continued ac-
tive. with pressure on mills for delivery
Makers Of plates, structurals and bars
report that new business stiil exceeds
capacity
London. Fortnightly statistics of cop
per show stocks decreased 1.sc3 tons and
visible supply increased II tons.
american Beet Sugar Company mas de-
clared the regular quarterly dividend of
III per cent on its preferred stock, pay
able April ]. to holders Of record March
Is.
Western Maryland January gross: In
crease. slS.s2s; net increase, S,59I.
L. & n. January gross increase, s6S2,-
nA January net increase, sr7elos
Baltimore Special. II developed yester-