The Washington herald., 1913-01-24
WALL STREET GOSSIP

G. B. Chipman, with Hartman & CO.
Stocks closed strong to-day, about mid
way between high and low. and apparent
ly on the upswing. The Can stocks closed
at the high prices after a sharp ad-
vance that continued throughout the
session. \ There was evidence in sew
eral directions that some of the i'm
make an aggressive campaign for higher
prices. There is a very large short in
terest In Steel. The short interest else
where Is of respectable size and, there
Is nothing in the immediate future with a
bearish tinge. Settlement of the foreign
war is official, and that means the return
of two million men and two hundred mil
lion dollars to productive industry. The
market should continue to do better.
Simmons & Slade-Big men look upon
the testimony Of Corey yesterday as be-
Ing the most damaging yet given against
the Steel Corporation.
The rise in Can was caused by the ex-
ecution of a big buying order by V. c.
Brown. Looks like it came from the in
side.
Regular dividend on Norfolk and West
ern.
The National Lead Company has de-
clared the regular quarterly dividend of
la per cent on its preferred stock.
Brown, specialist in American Can.
bought 1000 shares on a market order,
supposed TO be for ID. G. Reid.
Further conferences over the Union Pa
cifc-Southern Pacific matter will be held
In New York City. The two opposing
factions in the boards will get together
and plan the details OF an agreement to
be submitted to the Attorney General for
his approval.
W. B. Hibbs & Co.-The suggestion
from Trenton that Chancellor Edward
Walker. of New Jersey, may be the next
Attorney General will give chills down
the spine to conservatives. Mr.. Walker
drew the drastic antitrust bills which
have been foisted upon the Jersey Legls-
lature by Gov. Wilson and which ars
deemed to be the models for proposed
Federal legislation along similar lines.
The Senate will look at these new
measures very carefully, but therein Is
where Mr. Wilson Is taking time by the
forelock and preparing for their favor
able reception by making overtures TO
the Progressive Republicans who are
supposed to be In q frame of mind to
swallow any kind of antitrust legisla-
tion-hook, line, and sinker.
The writing of the tariff bill will be
commenced the first week in February,
after a caucus of Democrats OF the
House has determined whether the tariff
legislation shall he embodied in one sim
gle measure or separate bills devoted to
each schedule. Chairman Underwood IA
vors separate bills.
After the meeting OF the Union Pa
cific executive committee r s Lovett.
chairman, said that while some progress
had been made in the three-cornered
conference of Union Pacific-Southern
Pacific committees with the Attorney
General. no settlement had been reach
ed. and that there was no assurance of
any being reached in the near future.
or the 1000 questions to be answered
he said they had simply succeeded in
eliminating few, but refused to specify
what they were. Another conference
will have to be held with the Attorney
General. but no date has been fixed for
1t. Although the Union Pacific commit
tee refuses to speak for the Attorney
General. IL is evident that Mr.. Wicker
sham has made some concessions from
his original demand for the sale of Gem
trail Pacific to the Union Pacific
The strength OF the past two days
has finally occurred: that is. the def
mite acceptance by Turkey of the terms
proposed by the Balkan allies and the
powers. 1t looks as If this news had
been pretty fully discounted in ad-
vance. and profits would be taken on any
bulge this morning.
The directors of the st. Louis. Iron |
Mountain and Southern Railroad Com !
pany declared a semi-annual dividend of |
2 per cent thereby restoring the stock |
to per cent basis,
Norfolk and Western has declared the |
regular quarterly dividend of II per |
cent on the common stock.
Regular st. Paul dividend
London copper closed weak of 10 shil- |
lings from opening