The Washington herald., 1914-05-20
WALL STREET GOSSIP.

Tennessee Railway, Light and Power
Company has declared the regular quart
erly dividend Of l-2 per cent on the pre-
ferred stock. payable June I. to stock
Of record May q.
The Northern Pipe Company has de-
cIared the regular semi-annual dividend
Of IS. payable July to stock Of record
June 10.
H. X. Evans to w. b. Hibbs-Senti-
'nent continues to improve. Easy money
and good croop conditions seem to be
overcoming the effects of political agita-
ton and fear OF Mexican troubles.
Stocks are low and I am confident the
old adage that money and stocks must
come together win prevail. Either the
price Of money must go up or else stocks
must rise to meet the cheap price Of
credit There is no reason to believe that
any rise in money rates is imminent.
Buying of Reading and L. s. s. by
HUM, Edcy & Co., attracted a great deal
Of attention. traders interpreting Il as an
indication Of brllish attitude on the part
Of Mr.. Widener. who is the largest indi-
vidual holder of Reading and a director
Of L. S. Steel Corporation.
Union Pacific declared per cent divi-
dend which is to he regular rate as result
Of distribution to common stock, divi-
dend payable July /, 10 stock record
June ].
John Clahin says: Business is not good.
Perhaps 1t would be safe to say II is no,
very bad, but still not as good as II
shnrld ha nd Il. 10.
the poor situation. 1t is absurd for. ther,
Is no reason why business. should not be
good. Only some things have been done
which should not have been done
"Of course. there will be an improve
mcnt. II all depends on the freight rate.
decisions, II the railroads are given a
sufficient increase ii should relieve con-
ditions. That explains everything"
The $lO,Oe0.ooo four-year per cent
United Fruit Company notes offered by
Lee. Higginson & Co, at IS I-2 In this
country and abroad have been largely
The quick sale Of the
United Fruit notes is not surprising con-
the attractive basis. The bank
ers could have sold the issue at 30 and
in the opinion OF some at 80 l-2 IL they
desired. II is understood1hat over s, 2,00o.-
100 went to London. which asked for an
additional Sl.C00.o00. The issue has been
well distributed, feature being the
multitude of small holders. That the
notes were made IN 500 and 500 denomi-
nations contributed to this end.
United Pacific Railroads order placed
At the close of last week with the Daven-
port car building concern for 800 freight
cars, in view of <f,e heavy winter wheat
crop. Is an indication of the Importance
which the wheat trade is generally at
laching to the car supply for the market
Eg of grain. 49,
be much traffic available, IL thresh.ng
weather Is at all satisfactory Much
IF this will be traffic to supply the hum
ireds of mills west of the Missouri and
'"utn oil the Ohio whicn depend upon
he early supplies of new wheat But
there will also be. competition to meet
export engagements for August and Sep
ember delivery.
Two hundred and ninety-nine railways
of the United States. operating a mile
age equal to the combined railways of
The United Kingdom. Germany, France,
Austria and Italy, went through the hs.
cal year ended June 30. 1915, without
single fatality to passenger in a train
according to the Bureau of
Railway News and Statistics. These
railways operate together 2.sol miles of
inc.
During the year the railways thus re-
porting complete Immunity carried a
-otal of 4os.sOs. Iss passengers an aggre-
gate distance of lisO0. 992 900 miles and
'S6. 1886 tons OF freight a total of l4l, ,79o,-
ZOO tons miles. Almost one-half OF
he entire railway traffic of the United
states for the year thus was carried
Without one passenger being killed in an
iccident to a train.
This immunity record for the past fis-
al year is the highest since the BAN
Ter year, 1909. and comes close to II. |
'lthough traffic density. one of the
argest factors affecting the probabilities
II accidents. was more than II per cent
greater in the freight business of the
-Four railways, with a combination
Mileage OF LII miles, have been operat-
ID through ten consecutive years witb-i
'ut a single passenger being killed in A
rain accident. year ago nine rail-
ways. operating 4.379 miles reported en-
ire immunity over ten years and one