The Washington herald., 1914-05-21
WALL STREET GOSSIP.


The National Transit Company de
clared the regular quarterly dividend o.
% cents share. payable June Is, to stocl
Of record May -
CRANKY Consolidated Company has de.
clared a regular quarterly dividend oi
sl.5o share, payable June I5 to stocl
Of record May ..
Cotton Exchange membership Of r. w
g. Smith was sold to W. L. Carpenter
for $4,000 and that Of E. G. Potter tc
s. T. Hubbard for Sll.2So. The last prev.
ious sale Of seat was at $1,000.
Output Of the Greene-Cananea Copper
Company for April. from its own ores
totaled 2o44.0oo pounds of copper, g. ,35l
ounces Of silver. and 3S7 ounces Of gold
From custom ores, exclusive of Mann
Copper ores. there were produced SIS, ,0O
pounds Of copper, Il. 7s5 ounces of silver
and forty-two ounces Of gold.
According to interests connected with
the Mexican Petroleum Company, opera.
tions Of the company are now going on
unhampered- The company's employees
are now back on the property and oil ID
being shipped without interruption.
1t Is stated that the company only suf.
fered one days loss in its ouput through.
out the recent trouble.
Moler to W. B. Hibbs & co.-The sen.
timent in responsible quarters here 1.
still favorably inclined toward the stock
market, aud there win doubtless be a
continuance of support from such
sources. But pending favorable develop
ments in the Mexican situation, and
stronger assurance regarding the decis-
ion from the Interstate Commerce Com
mission on the increase in freight rates
further purchases of stocks should be
confined to the more active issues and
made only on the weak spots for the
present
With its recent acquisition of the White
and Dorset Banking Company. Lloyds
Bank of London becomes probably the
greatest financial corporation of its kind.
as its deposit and current account now
aggregates about 100000.
Lloyds started as a private bank in
1765. The present corporation was form
ed In 1855. In the last half a century II
has absorbed forty-eight other banks.
The bank is represented in forty-five out
OF the fifty-two counties Of England and
Wales and has a branch in Paris. Loyds
now has $50 separate Offices.
In an interview given the Journal of
Commerce John v. Farwell, president
Of J. v. Farwell & Co.. said that busi-
ness is suffering from an attack of
nervous prostration caused by the de-
structive attitude of government boSiies
towards big business, from too much
national and State legislation, the effects
Of which are yet unknown. and from
now legislation. the effects
of which are still more unknown. He
suggested the appointment of a trade
commission to investigate the question
Of trust legislation before any definite
legislation was undertaken. Mr. Farwell
also intimated that business men had
not opposed the proposed antitrust
measures, because they knew they would
only be wasting their time and energy
and that their motives would be misun-
dcrstood.
By the end Of next month. the big
majority. IL not all, of the contracts now
held by the United States Express Com
pany, viii have been assigned to other
Of such contracts and practically all
Of them will go to the three big COM
panies in the field-Adams, American.
and Wells Fargo.
Up to the present time. only one ex-
press-railroad contract owned by United
States Express, has been definitely re-
assigned. This is the Lehigh Valley con-
tract which was made over by the rail-
road company to the American Express
Company. The next contract to be re-
assigned probably will be that of the
Baltimore and Ohio system, including the
Terminal. This contract. ac
cording to all indications viii 20 to Wells
Fargo and Company.