The Washington herald., 1913-09-10
WALL STREET GOSSIP

The rate Of interest on the New York
Central one-year notes purchased by
]. P. Morgan & Co. will, in all probabil-
ity, bear interest at the rate OF 5 per
cent and not at 6 per cent, as hereto
fore indicated.
subtreasury gained ss2s,OOO from the
banks on Monday. making a cash net
gain since Friday Of $2,926,O0o.
The New York Central Railroad has
declared the regular quarterly dividend
Of IA per cent
International Harvester CORPORATION
has declared regular quarterly dividends
of IA per cent on common stock. In
ternational Harvester Company OF New
Jersey has declared regular quarterly
dividends of IA per cent on common.
The Computing Tabulating- Recording
Company has declared the regular quar-
terly dividend Of l per cent
Decker-There was a line OF over Co.
900 bales of long cotton liquidated yester-
day for one OF the largest trade and
market interests through several brokers.
Most of the buying has been for for
eign, Southern and local and Wall
Street accounts. l now regard prices
as high enough for the present and con-
slider the markets technical speculation
as unfavorable.
Upon inquiry at the local office Of the
National Railways of Mexico it was
learned that official advices had been
received from Mexico City stating that
the government had agreed to provide
whatever money might be necessary to
meet the company's October first in.
-NN
approximately a,590,0oo United States
currency.
Randolph to W. B. Hibbs & Co.-The
opening was dull, with light trading,
and stocks generally fractionaEy below
Mondays close. On the opening de-
cline the market hardened and received
apparently good support. There was a
show OF strength in New York Central.
following its initial weakness. and the
stock gained about a point from its
previous low mark. The petroleum. is
sues were again a feature. Mexican
petroleum advanced over four points
and California petroleum about three
Later a weaker tone developed in a
number Of important railway issues
and the market turned easier through
out. Traders were disposed tC adopt
a bearish attitude on account of the
be made by the government crop report.
London was a small factor. selling about
1000 shares. The market has rallied
a trife from the low, but the tone is
heavy and small net gains are the rule.
In spite of much bullish talk on the
Interboro issues, the preferred stock was
comparatively active and quite heavy.
ST. Louis and Southwestern preferred
dividend of l per cent.
Tribune-There are no signs of real
liquidation.
Times-Sentiment among most Of the
members OF the Stock Exchange still
bearish.
Commercial-with the tariff bill out
OF the way. investors may again pay at
tention to the better class OF stocks.
Herald-Market displays great inherent
strength and the short interest has been
increased.
American-It is expected that the
strong position OF the copper metal mar
ket will excite interest in copper stocks.
Sun-The market is believed to be still
in relatively strong technical position,
despite the partial recovery OF quoted
values from the low level reached last
June.
Journal of Commerce-There is some
disposition to sell the copper stocks.
probably on the principle that the good
news is out