The Washington herald., 1914-04-10
WALL STREET GOSSIP.
Steel tonnage statement Is due today
1 3Oo0 900 ton shrinkage Is indicated.

Steel tonnage statement is due today
! 10000 ton shrinkage is indicated.
Commonwealth Edison Company has
declared the regular quarterly dividend
OF per cent on fun paid and partial paid
stock for period February 1 to May /
declared the regular quarterly dividend
Of per cent.
The following securities have been
listed on the New York Stock Exchange;
American Coal Products Company. $751;
400 capital stock on ocial motive of Is
suance and payment in full. making the
total amoung authorized to the listed sio,-
72s, 100
The Central District Telephone Company
SIC, 100000 FIRST mortgage SO-year . pei
cent coupon bonds, due 1913.
Traction Company have reelected OFF,
cers. Secretary c. n. Jeliiffe also was
elected second vice president.
F. W. Woolworth Company has declar-
ed the regular quarterly dividend Of IL
per cent on the common stock. payable
June !. TO stock Of record April %.
The manner in which General Motors
gross sales and net earnings have been
running for the last eight months makes
II within the range of probability that
the full year 10 July 81 next will show
$40. .o0o.0Oo net profits. This would mean
a balance for the slS5OO,OOO common of
slightly better than 20 per cent against
80 per cen; In the 1913 year, and IA per
cent In 1872
This would be a record OF earning
power never approached by any auto
mobile enterprise with the single ex-
ception of the Ford Motor Company, in
which the public has no investment in
terest.
II is understood that gross sales so
far this year are about S6,Oo0OOO ahead
of last. The expansion in gross promises
to be only . to 30 per cent as large
as the s2oOOoooO gain of 1913 over the
previous year A gross of about sSo.OOo.-
900 is indicated by results TO date.
Railroad officials believe the Interstate
Commerce Commission will grant the .
per cent advaace in freight rates. or at
least a large part of it, and they expect
a decision within a month. The Discus
sion in raIlrc ad circles is now chiefly
as to the effect Of the action OF the
comm ssioh the assumption Of favorable
action by that body. The belief ID uni
versa. tE1i the effect viii, be most IA
vorable, not only as to railroads but as
to Industries and several businCss. II
the cOmmisc'on allows a straight ad-
vance in rates and does not compile ate
II with any Of Mr.. Brandeis notion
a good many people are OF the opin-
ion that the : per cent Jdvance n ErGnr-
ed would be less than III. railroads are
entitled to and that there should at least
be a 10 per cent rise in rates to accom-
plish Iull results TO the railroads and the
commercial and industrial interests. In
any event roads like the Penns: :lvanla
will be substantially benefited. and
great deal of stress is laid on the moral
effect of the victory. II is possible that
the actual results would be found TO
be OF a temporary nature, but the ad-
vance would certainly encourage rail
roads to stop retrenching and to make
immediate arrangements TO spend money.
The speculative effect would be very IA
vorable temporarily. There Is no doubt
that railroads will find ii convenient to
maize necessary purchases of steel rails
and materials in any event Railroads
have waited for months to find out the
fate OF their application for an advance
and hesitated TO give larger orders pend
ing the decision.