The Washington herald., 1914-05-13
MARKET CHANGES
ONLY FRACTIONAL
Sales IN New York Fall to
$4,000 Shares Mop
Weak Spot.
BETTER RAILROAD NEWS
Increased Earnings Due to Curtail-
ment-House Action Praised.
Chapter Elects Tomorrow.

In one of the dullest days on record on
the New York Stock Exchange. sales ag-
gregated only 1Is.000 shares, the market
was at standstill, closing at practically
Mondays prices.
Selling of Missouri Pacific continued,
the stock falling to Is Is. A recovery of
"a of a point was made by the close.
The street seems 70 have little hope of a
favorable settlement Of the roads finan-
cial difficulties.
Steel gained Is, closing 50 Ia Union
was up fraction. Reading and Copper
showed slight decline.
There was considerable activity in
Harvester, which was strong. A de-
cisson in the antitrust suit may be
handed down by the Circuit Court at
anytime. and in some quarters it was
expected that it would be favorable to
the company.
Consolidated Gas was rather heavy.
the street not being entirely reconciled
TO SIS, 100000 issue of convertible bonds,
although rights are of moderate value. -
Reading was strongest of the active
issues at opening, although doubt was
expressed as to whether there was a
probability of fulfilment of expectations
of increased liberality towards stock
holders while suits are being prosecuted
against the company.
Western Maryland sold of, falling to
new low record. at LIS. or 3-4 points
under Mondays close. Since B. F. Bush
left the road to take the presidency of
Missouri Pacific, the former system has
steadily lost ground. and there is no
present indication of improvement in
tendency of earnings
Local stock Market.
The feature Of the Washington stock
exchange yesterday was the demand for
80 tata
amounted to s2S, 500. Railway As sold
to the exent of slS0oo. at prices rang
ing from So to S39s. Two 5000 Telephone
IS brought Io57s, one s1,o03 Riggs Realty
IS Qong) 1O2, and one Washington Gas
s at 1861. One $500 Anacostia and
Potomac sold at 1C0.
Washington Gas again showed a de-
cline, Is shares selling at 7SI4, and thirty
five shares selling at 1sh.
Railway preferred sold in small lots at
siaspa Capitol Traction soIi ten shares
at 1OOI4.
Five shares of Norfolk and Washington
Steamboat brought lS7.
House Action Encouraging.
The failure of the House to amend the
-Rjstrict Tax laws was highly en-
couraging to local bankers. 1t so rarely
seems that anything of a praiseworthy
nature develops at the Capitol that COM
meEdation of the action of the House
was unstinted. With reports of early
adjournment in circulation, leaving only
the Public Utilities Commission as a
deterrent factor; the business situation
yesterday was regarded as distinctly
more favorable, especially as an under
valuation of the citys utilities has been
discounted.
CurtaiIment and Good Weather.
Aore favorable weather experienced
this year is partly accountable for gen
eraI improvement in the March railroad
net earnings. The gross revenues for the
116 railroads which have reported for
that month so far show no large increase
over the previous March, but big reduc- |
ton was made in operating costs. The |
net earnings CT these roads consequently |
were s. 10000 larger on total of ss4,- |
SeeC00 for all lines.