The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-15
WALL STREET GOSSIP.


Regularly quarterly dividend of "a on
United Cigar Stores preferred was de-
ciared yesterday.
An official of the New York Central
said yesterday there is no truth I'm re-
ports OF a dividend reduction.
Canadian Northern will soon place or
ders for s1e.oooooo additional rolling stock
to be used on the main line between
Quebec and Port Arthur.
Applications for participation In the un-
derwritIng OF the x5.0Ooooo Southern Pa
cihc per cent convertibles have far ex-
'ceeded the amount OF the issue. and allot-
ments will have to be cut down to
small percentage OF the applications.
Edgar A. Sierck and Walter II. Mickcns
have been elected members of the New
York Stock Exchange.
Internal Revenue Collector Weiss. at
Canton. Ohio, estimates earnings OF John
ID. Rockefeller from dividends on stand
ard OIL and other corporations at $4,000
90 o year and places his income tax at
$4,000 Co.,
The first annual report of the Nationxi
Steel Car Company for the year ended
November 20. 1913. shows net earnings OF
s2+5.2S. After deducting ss6.65 for repairs
and renewals there was left surplus OF
slJ7, l5i
United States Envelope Company has
declared a dividend OF > L. per cent on
the common stock. Last July an initial
dividend OF I-2 per cent was declared.
The regular semi-annual dividend OF IL
per cent on the preferred stock was also
declared. Roth dividends are payable
March = to stock Of record February 10.
The Philadelphia Stock Exchange has
prepared a vigorous protest against the
passage Of the owen bill. The protest
will be forwarded shortly to Senator
owen. Senators Penrosc. Oliver. and all
the Pennsylvania members OF the House
OF Representatives at Washington.
Advices received from Boston sources
say not only has New England investment
sentiment materially increased, but
speculative clements are making their
appearance, and stock exchange institu-
tons find more trading in active issues.
especially the copper shares.
The Boston News Bureau comments is
follows on the growth In earnings of
public utilities as II is disclosed by a
number OF census reports now being pub
lished: THE statistics for the States
given indicate an increase of GIT per
cent in light and power gross earnings,
and SS.4l per cent in electric railway gross
In the short space of five years. Things
are worth what popular demand makes
them worth. Popular taste makes values;
and this means that the values of public
utility concerns are growing with as
rapidity ard are likely to keep
on doing SO. Bonds Of this class. which
are now semi-speculative. are likely De-
fore long to become high grade invest
rnents; and stocks which represent moth
ing but good will and future POSSIBLE
ties are apt to have real assets placed
behind them by this great and growing
public utility movement"
The break in oil shares has dampened
the enthusiasm of manipulators. A lot
Of losses were registered in the smash
In Standard Oil Of New York. and many
curb operators were badly nipped. Many |
traders in the oil shares had hypnotized |
themselves into the belief that nothing |
but bullish reports and extra dividends |
could ever come from the oil companies |
and had traded accordingly. Long be- |
fore the Buckeye statement was made |
public traders had purchased the shares |
on the belief that the report would be |
and the same applies to At |
antic Refining.
Lewis Johnson & Co.-The best profess |
SIGNALS say that with increased activity !
We will have better prices. There is ex-
cellent buying in Steel common. and the |
traders here say 20 for il this week II IL |
sells at s. II will bring buying orders |
from those who follow the tape. With |
Steel at these prices il is sure to make |
the market go up.
n. L Carpenter & Co.-The market |
ruled very steady all day on buying by |
spot people. and IL was said there was !
good trade buying. Offerings were light. |
Volume Of business was small-almost en- |
tirely stagnant Sentiment is becoming |
more and more favorable to further up
turn, but owing to the limited amount |
Of speculation just now a narrow mar
Set is lookedsfor. The technical position /
Is more favorable TO an advance, and |
the discount OF contracts under the price |
u spots throughout the South Justify !
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