The Washington herald., 1914-01-16
WALL STREET GOSH.

The Amaisamated Copper haa declared
the regular quarterly dividend Of u-so
Third Avenue Railway has declared the
full semi-annual disbursement OF 31-1
per cent ON the ad1ustmsnt bonds. pay
able April ].
It Is stated that there II no basis
whatever for the reports that Standard
OH interests are buying into numerous In
dependent oil companies. Including Texas
on, California Petroleum, and Mexican
Petroleum.
| Francisco Il Ia stated that the company
will provide funds to meet the equipment
trust instalments which matured Janu-
ary I last. some time before the expi-
ration Of the period Of grace. probably
February !.
Investigations show a great short In
terest still outstanding In Steel. Any
movement upward. II In said IN wsll-in-
formed sources. would be q drive at the
shortage. Private borrowing circles show
an old> bear commitment. one that has
long been outstanding and 10 very stub
born.
Notice is ISSUED by the New York
Stock Exchange that the following Sc
curtties have been stricken from the list:
Columbus and Hooking Coal and Iron Com
pany common stock and Bankers Trust
Company certificates for common stock:
Central Of Georgia Railway Company
first, second. and third preference income
bonds due 1916. stamped and unstamped;
Buffalo and Susquehanna Railroad Com
pany preferred stock
Arrangements have been made in New
York and abroad to extend for q year
the greater part OF the New York City
s3o.0oo.0oo notes maturing March l. No ar
rangements have yet been made for the
81, 100000 notes maturing in April. but II
Is expected they will also be extended.
At the present rate of orders, the Steel
Corporation will show an increase in un-
filled tonnage in January. for the first
time since December. 1872. The COM
pany reports an increase in the volume of
orders since the LIST OF January, due
to the depleted stocks all over the coun-
try. and also to the regular first of the
year buying. This. with the decreased
shipments, will cause an increase this
month. unless orders show a falling of
for the last two weeks.
Several of the trunk lines are still ac-
lively negotiating for their railroad re-
quirements this year. which. IL all placed,
will mean about 10000 tons.
Steel prices are firm, at from 81 per
ton to $50 per ton above the low re-
ported in the last three months.
L. C. Randolph to W. b. Hibbs
& Coat the opening the market was
very active and strong with heavy COW
ering OF shorts. The pace. however, was
too hot 20 last. Stock was freely sup
piled on the bulge and the market re-
acted fractionally, maintaining. however.
a very strong tone II quieted down
after the first hour and since has functu-
ated but little. holding the greater part of
its advance well. and the feeling through
out the Street is becoming more and more
confident. The favorable forecasts of
the Presidents message are the main
bullish factor at present. and there is a
disposition to hold stocks until this mes
sage Is made public and even to buy
more on any moderate decline Rock
Island stocks and convertible Is were
strong today. Among industrials Ameri-
can Can showed considerable strength
and the talk Is that the Reid-Moore in
terests are active on the buying side
Post & Flagg to Lewis johnson & CO.
The market continues to show very de-
cided strength. The PresideNt has a rare
opportunity to restore confidence and IL
looks as If he WAS bent on doing So |
A lessening in political agitation would |
have a corresponding Increase in busi-
ness and the stock market is quite ready
to reflect II. With tariff, currency and
trust matters out of the way business
men can at least know where they are
at and endeavor to make both ends meet
The outlook seems to warrant optimism. |