The Washington herald., 1913-03-06
Observation-Disclosures CT
WALL STREET GOSSIP

WALL STREET GOSSIP
In February the anthracite tonnage or
the Reading approximated 1.is5.ooo tons
against 1.25O.o00 tons In February, 19l:
which had twenty-nine days
Judge Landis has entered decree OF
foreclosure against Allis-C Chalmers Com.
pany directing the property to be sold
unless mortgage is paid within ten days
Missouri Pacific system for January
Operating revenue increased $1,046064. Net
revenue increase. $4s2,Sss Gross income
increase. $ae4.6oI. Net income increase,
1901, ,019
The regular quarterly dividend Of Il
per cent Of Chicago Rock Island and
Pacific Railroad Company, to be de-
clared next week. will be payable March
Isl.
Bethlehem Steel looks we'll People
| who should know say the company Is
| earning at the rate Of 30 per cent on
the capital stock. &3o.ooo.ooo.
| Shotwell-There, was a distinctly bet
| trict yesterday. It is due partly to the
temperate tone Of Wilson's inaugural
| address and partly to further indica-
tions that the war In Europe Is nearing
an end. Operations in Copper are specu-
lative but are for the account Of strong
| interests. The metals quoted at fifteen
cents yesterday although no sales were
quoted at that advanced price.
Judge Holt ordered dissolution Of the
| coal products trust following defend
ants consent. Harvester began yester-
day at Omaha its defense In government
| suit for dissolution plan. Steel hear
| ings resumed yesterday. London cable
says danger OF national strike Of railroad
| men has passed. National Sugar de-
| clared its first division Of 1-e per cent
on its reduced capitalization.
The Liggett & Myers Tobacco Company
has declared the regular quarterly divi-
dend OF "a per cent on its preferred
stock. payable April 1.
declared regular quarterly dividend Of
21-2 per cent.
The American Smelling Securities Com
pany declared usual quarterly dividends
OF IL per cent on its preferred A stock
and ii per cent on its preferred B
stock.
President Wilson announced Wednesday
that he would reappoint Edgar F. Clark
for another term as member OF the Inter
state Commerce Commission. Commits
sioner Clark's term expired in December.
and his nomination for another term was
sent TO the Senate by ex-President Taft.
but never confirmed.
Subtreasury gained sl.4SsOoo from the
banks Tuesday. and since Friday has
gained s., go 900.
Americans were irregular in London
yesterday. although the belief grows that
the Balkan war is at an end. Money
rate continues high. with little prospect
Of immediate relief Wilson's address Is
favorably received although II contains
no statement on which TO base any Idea
Of what he intends TO do. The impress
sion prevails that the numerous suits
filed against corporations by Attorney
General Wickersham mark the climax of
the war against corporations by the gov
ernment. II II believed that the new ad-
ministration will permit corporations to
conform to the administrations idea OF
law without any sensational litigation.
The Corn Products Company already has
Dow. Jones & Coin view of the lack
OF enthusiasm over developments at
Washington on Tuesday. speculative in
terests said yesterday morning that they
were more puzzled than ever as to what
the market would do. They added that
the street Is more concerned as to action
to be taken by the new administration
at the special session of Congress than
with formal change in administration.
The cables regarding monetary situation
in Berlin were not satisfactory. London
advices indicate more cheerful senti-
ment At that center.
The p Lorillard Company declared the
cent on its preferred stock and Of IL
per cent on its common stock.
Union Bag and Paper passed dividend.
s. B. Chaplin & Co-The market showed
a much better response to the develop
ment of better support and more local
and outside buying to-day. The impress
sion created throughout the country by
President Wilson's very judicious inaug-
ural address of yesterday. and also in
Europe, was very different from what the
bear element who sold the market down
Yesterday had anticipated
While some of the selections made by
the President for his Cabinet advisers
were disliked. there is a feeling OF hope
fulness that the great responsibilities OF
government and the direction of affairs
OF state" will check recent radical ten
denotes. Moreover, more consideration
is now being paid by the leading mar
ket interests well as bankers generally
to the strong fundamental conditions
of the country.
Therefore. the belief still prevails that |
about the worst news depressing general |
market sentiment since election day has |
come out and was discounted in the long |
period of liquidation and heavy slump In |
prices OF the last three months.
Only the uncertainty of the money
markets abroad. especially in Berlin.
which may force gold exports to that |
point before long. and the necessity OF
the plans OF the Union Pa
cific management for the dissolution OF |
the Southern Pacific merger are now |
holding the markets. further recovery in |
check. With those matters relieved from |
further consideration better trading con- |
ditions would doubtless develop. in view |
Of the long interval Of nearly a month |
before the special session of Congress, |
called for April l. can get settled down |
to revision of the tariff.
New York-Strength in Cigars reflects |
big earnings since first of year January |