The Washington herald., 1913-11-18

mittee on judiciary TO investigate the
United Cigar Stores Company to discover
whether Il Is operating in restraint OF
trade and whether 1t Is 9 monopoly.
Trippe-The market had q good test
yesterday morning and has stood 1t
well. There was no pressure at all and
while there is no outside interest in IL
II is obvious that II viii answer readily
and quickly TO any good news.
We hear on good authority that ar
rangements have been made for the pay
ment Of the December interest of $4,000
accruing on Boston and Maine 81. 900, 900
one-year 6 per cent notes due June /,
1914. The road has also s22.500 of interest
maturing on December l on $.o0o 900
divisional bonds. which It viii have no
trouble in meeting.
Volume Of business was light during
second hour, and prices showed some
tendency to sag. This was natural, IN
view Of the prevailing uncertainty re-
garding the Mexican situation. Missouri
and Pacific did not hold its early advance
and its heaviness derived new significance
from the fact that the notes were selling
at price at which investment was re-
PchCo LusbcAu OF hNlIeQ.
Moler-The bad turn to the Mexican
news over Sunday is 50 dIscouraging that
there is little doubt that considerable
fresh speculative selling and q reaction
airy tendency to prices will develop from
the opening. notwithstanding Saturdays
much better bank statement than had
been expected. How far this movement
VIII go viii depend entirely on the late
news on the Mexican situation. and the
character Of the support the market re-
ceives.
e. J. Housman-Going back to last
Thursday, when Mr.. Wilson made the
statement that things were looking en-
couraging, We cannot but think that the
newspapers are giving us a lot OF hot air
for the want OF something to write about
Mexico. We are confident that Mr.. Will
son will pull on the Mexican situation,
and that when the market from London
comes as weak as IL Is. with prices OF
Canadian 1-2 per cent and Union per
cent down, these are the opportunities
to buy stocks.
The letting up of business indicated by
Saturdays bank statement all points TO
an easier money market. which should
have a corresponding effect IN the bond
market, and this should make for an
easier sentiment.
E. & c. Randolph to W. b. Hibbs & Co.
At the opening the market was lower all
around, the losses In leading issues run
ming close 20 a point. The dealings were
professional and the less favorable news
regarding the Mexican situation was the
cause OF selling movement. Genuine lioui-
dation was very slight, however. and the
market soon began TO rally. The rally
was not very vigorous except in the case
of a few issues. notable amognst which
was New Haven. which had about the
best advance that IL has had for some
time, selling up - points above the
low price touched on Saturday on short
covering brought about by the increase
in the premium demanded for the use
of the stock. When this demand was
satisfied, the stock sagged OF again.
Missouri Pacific and Telephone were the
weakest issues, Telephone once more
touching lis IA. which Is the lowest price
recorded for the stock this year. The rest
of the list lost part OF its early gain. but
as a whole the undertone remained firm.
Call money eased of about 1-2 to ] per
cent. from last week on the favorable
showing made by the associated banks on
Saturday and renewals were effected at
3 1-2 per cent Gold valued at 81. zoo. 900
by the Ottoman Bank at Constantinople
to Paris by way OF Berlin has disap-
peared in transit.
London copper easy on shillinga