The Washington herald., 1914-03-03
WALL STREET GOSSIP.

Packard Motor Car Company has de-
clared the regular quarterly dividend of
| l 81 per cent on the preferred stock,
payable March II. Books close March J.
and reopen March Is.
The Pabst Brewing Company has de-
ciared the regular quarterly dividend of
81 per cent. payable March Is. Books
close March 3 and reopen March Il.
Reading hearing has adjourned until
| Thursday. Documentary evidence sub
mitted showing that Jersey Central holds
l.6S3 shares of Lehigh and Hudson River
Railroad Company, 6co0 shares OF Al
| lance Coal Mining Company, and ls9.s25
shares of Lehigh and wilkesbarre Coal
Company.
There is some doubt now as to whether
Steel untitled tonnage for February will
show as large an increase as it did in
January. 1t was predicted about ten
days ago that the corporation would
| show about 10000 tons increase, or about
5000 tons better than January, but an
estimate at present is for 10000 tons
| increase. Steel Corporation will begin
| construction this spring en- several units
Of its new plant at ojibway, Canada
New York Financial Bulletin: Strong
L
board Air Line securities. This action is
| principally due TO the splendid earnings
The gross earnings of the road ad-
vanccd nearly 100 per cent from the 190i
records, and the net more than 100 per
| cent as compared with the 1905 figures.
| The 1913 record shows earnings for the
preferred stock at GA per cent, compared
with 2-S7 per cent in 1912. Immense sums
have been spent for maintenance of way
ar nd hat he ;s ;,,
| very good physical condition. Since 1909
more than $4,000 has been put back
| into the property from the earnings The
current year shows earnings since July
| to have increased in the gross $4,000
and also a net increase of S272, O00 which
| is remarkable when it is considered that
roads in other parts of the country are
| going backward every month. Seaboard
Air Line preferred pays an annual diyi-
dend of per cent and returns at current
| prices more than Z per cent The COM
mon stock pays no dividend. The South
is expanding rapidly and the earnings
outlook generally there is favorable.
]. S. Bache & Co.-There is a pretty
fairly distributed belief that the spring
rise will take place this year. This is
based on the fact that in some years,
when underlying conditions have been
lHt SprlnB Win
ii activity in business and advancing
prices in the stock market. In years like
1913, 1910. and 1911, when general condi-
tons were unfavorable, no rise occurred.
Last year there was an almost steady
descent from the high of January to
June. and in 1907, another panic year
Cbecause 1913 was a breaking year but
without confagration stock prices
crumbled away in the spring. In 1905.
however, when the promise (which was
fulfilled was for general revival. the
String market was one Of brilliant up
rising. This year the favorable foun-
dations are undeniable. Mexico is a dis
turbing tester. but the money situation
the world over is good or mending.
stocks Of goods throughout the country
are low, deep snow has covered the land
from one end of our boundaries to the
ether, protecting the growing wheat and
nurturing the soil for the spring and
summer paintings, Congress is under con-
troll OF a strong and sane President, the
country's banking and currency system
for the first time in fifty years has been
placed upon sound foundations, and a
revtving upturn in commerce is due, IL
the railroads are accorded simple justice