The Washington herald., 1913-11-08
MARKETS, FINANCE, COMMERCE.

lowed in the Harvester suit is not to be
regarded as precedent for all anti
trust cases.
Harris. Winthrop & CD sold 1000 Mex
lean Petroleum. The general market is
in the hands OF what looks like q big pro-
fessional clique, who are working against
prices. At the moment the market looks
a little oversold, but there Is not enough
interest to move II upward much.
The known movements of money for the
flye bank statement days OF this week
indicate & gain in cash by the local banks
of $S757,sSo. OF this amount. H,s45,sSo was
from the interior. and the banks for the
first time in q number Of weeks gained
on subtreasury operations, the, amount
being ssh. 900.
Central Leather directors expect to add
&. 600 dollars to their reserve as the
result Of business profits In 1918 The
leather business has been unusually
profitable in spite of the high prices Of
hides. No dividend is promised for the
common at this time, but the insiders are
picking the stock up. believing that It
win be in the front of any advance of
the general market.
London shows mixed market, with
signs of being again oyersoid. The
selling OF Steel yesterday was said to
be for Lawson. who Is trying TO break
prices generally. On such weakness
there should be a turn on the buying
side in Steel, Reading. A. C. p, and
Union.
In connection with the announcement
hnf fh.a Airarfnn, 81 hn n
troleum Company had adjourned until
next Wednesday without taking any ac-
ton on the common dividend. IL was
stated by directors that the company
has sufficient money in the treasury to
pay the common dividend. but the dis
tribution of this will depend altogether
on the outcome Of the Mexican trouble.
S. B. Chaplin & Co.-The moderate rally
OF one-half to one point yesterday was
due chiefly to moderate new speculative
buying and some short covering. with
London houses taking back about 20,000
shares on balance.
The request of the Huerta government
for a conference with Mr.. Lind was
regarded as a favorable sign in the
Mexican crisis.
It Is worthy OF note that in accordance
with Bradstreet's returns, the total ex-
pendttures FOR building operations for
October show a decrease Of IA per cent
from September and lii per cent from
October OF 1872.
! There is no warrant, ali considered,
for expecting anything better for the
present than an irregular traders mar
ket
z. & c. Randolph to W. B. Hibbs &
Co.-The decline which was in progress
Thursday was completely checked at the
opening. and stocks ruled from the start
fractionally above closing. There seemed
to be some covering Of shorts and some
buying by commission houses, which was
sufficient to cause a generally strong
tone, and. although a drive was made
at the market around II o'clock, the
depression caused by this selling was
only temporary.
Trading has been extremely quiet, but
the undertone is good and the liquida-
ton which was n progress seems, for
the time being to have been entirely
completed.
A better feeling was engendered by
the announcement that Mr.. Lind had
gone TO Mexico City. as 1t was thought
that some arrangement might be ar
rived At which would avoid anything
like armed Intervention.
Money is lending and renewing at 4
per cent