The Washington herald., 1913-03-18
WALL STREET GOSSIP

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The May Department Stores reports net
profits after deducting all expenses. de-
probation. &C., for the year ended jan
uary 81 last Of se,1sSl3l. ---
Brokers say Berlin has been selling
Northern Pacific again on what looks
like direct orders. and also Canadian Pa
cific and Union Pacific.
1t is announced that s., 10000 additional
in gold bars has been engaged for ex-
port to Paris by to-day's steamer. This
makes $l7.Ooo.oOo shipped to the French
capital on this movement.
Supreme Court grants rehearing on
April Z, in case of Omaha Electric COM
pany against City of Omaha and Old
Colony Trust Company against City of
Omaha.
ly dividend. Three months ago 20 cents
was paid, and a year ago 40 cents.
The Subtreasury gained S564.0OO from
the banks on Saturday. Since Friday the
Subtreasury gained $4,000 from the
banks.
on any setback now. Sentiment has
changed.
Simmons & Slade-A prominent broker
says he has brought a0.0c0 shares Of stock
in the past ten days for good people
who show no sign Of selling at present
prices. He feels encouraged and believes
will soon have more activity in all
markets.
Specialist advices indicate that while
general conditions have not improved to
an extent as to warrant active bullishI
operations, the market is in a well-liqui-
dated condition.
When Reading shorts start to cover, a
good advance in all the leaders will
follow
A Large commission house is suggesting
the sale of Rubber and woolworth. Fur
ther declines are expected by them in
those stocks.
Western houses report some anxiety
among the railroads entering Chicago as
to the result of the strike vote now being
taken by Chicago switchmen.
Record-breaking exports OF iron and |
steel are shown by the latest reports. |
Of daily exports. most OF which goes to |
North and South America.
Sir George Paish. editor London Sta |
tist. says money strngency in Europe |
is passing away. and situation is likely |
soon to improve.
Balance of trade in favor of United |
States in February OF sii. iJ6,IQ2 estab- |
fishes new high record.
Buffalo. Rochester and Pittsburg orders
s, 900 900 OF cars and locomotives.
London copper market easy. OF ) shil-
lings.
Childs-I am inclined to look for a bet
ter market this week Market has held
pretty well in spite of lot of unsettling
influences and as it now looks. I would
rather buy than sell. Ii is not
in. nor does it appear that We have
seen the low prices. Traders will do little
until We hear from Washington. and
then. If no decision is announced. l look
for rally.
Former Judge Lovctt issued a state
nent yesterday morning reviewing the
atest development with respect to a
dissolution plan for the Union Pacific
and Southern Pacific. In a word, he
says that the representatives of the two
must start afresh and try
to work out some plan to comply with
the decision OF the Supreme Court. Con-
tinuing he says: AS soon as We have
done so We shall submit the same to
the Attorney General and to the cir
cult judges.
After issuing the statement on the dis
solution plan, Chairman Lovett of the
| 'nion Pacific. said: We have not for
nulated as yet any of the fundamentals
of the new plan, and ii is unlikely that
here will be any occasion for meet
ng of the Union Pacific board for some
time.
Attorney General McReynolds said yes
.erday that he had not yet decided what
he would do. il anything. with regard to
the American Tobacco case.
He said that he had not yet taken the
matter up.
Hartman K Co.-Stocks were dull and
heavy all day and closed practically at
he bottom prices. Causes for the weak
ness were easily found. In addition to
he general reason that the war in Eu-
rope and the fear OF tariff reform in
America persist. the trouble yesterday was
hat the Supreme Court handed down no
decision in the Minnesota rate case, and
hat the Union Pacific is again upset.
cew low records We're made by New
Haven and Goodrich. Even at the low |
prices there was no demand for 'ocks.
s. e. Chaplin & Co.-While the general
market was irregular and unsettled yes
erday from the opening. it showed less !
weakness for the standard railroad and !
stocks than many had been led
o expect from the pessimistic construc-
ions placed upon the abandonment of
he Union Pacifics plans for dissolving
IS merger with the Southern Pacific.
The principal selling was OF specu-
ative character, with the heaviest de-
lines and the most weakness appearing ,
n the industrial specialties. The bear !
clement concentrated their activity n
,fering down these stocks during the
Lfternoon.
While the market failed to show any
nap to the buying. there was neverthe-
ess good support in the standard stocks
nd also many good industrials like Corn
PRODUCTS and Steel
Bankers here believe our gold export )
movement is about over. and that the {
anticipated money crisis in Berlin on {
.pril settlements there has been SO well c
'rovided for II Is not likely to occur. In I
he meantime the Union Pacific manage !
nent still has until May Il to evolve :
lew dissolution plan. iI
OUTSIDE SECURITY NOTES.
New York. March E-Continued duIlness was \
hown in the market for outside securities to- \