The Washington herald., 1914-03-17
WALL STREET GOSSIP,

Regular dividend yesterday WAS de-
clared on American Wool preferred.
The United States Industrial Alcohol
Company has declared the regular qrar-
terly dividend Of 3-i per cent on the pre-
ferred stock.
The New Orleans Railway and Light
Company has declared the regular quar-
terly dividend OF 1-2 OF / per cent on the
common and IA per cent on the prefer
red stock.
The American Smelters Securities Com
pany has declared the regular quarterly
dividend OF Ia per cent on the prefer
red certificates.
The Minneapolis. ST. Paul and Sault Ste
Marie has declared the regular quarterly
dividend OF per cent on its leased lines
certificates.
The Joliet and Chicago has declared tho
regular quarterly dividend Of 1874 per
cent
The Beech Creek Railroad has declared
the regular quarterly dividend of l per
cent
The American Telephone and Telegraph
cember il last surplus after interest and
dividends OF s5,ies,Oa3. a decrease Of
1851, ,30.
President Fitzpatrick, of the Railway
Steel Spring Company, declined TO COM
| Inent on the statement published by for
mer Director Charles Miller, asking for
Fitzpatrick stated that the matter will
be -laid before the board Of directors who
will meet on March 2s.
Some intimation of favorable out
come In the matter OF freight rate in
crease" say Walter L. Ross & Co..
would We think, give Gn impetus to the
market that would carry prices to a
much higher level. But whatever CIV es
the impulse. We feel quite confident that
there is going to be a great deal more
activity in the stock market, with ad-
vancing prices all through the list"
The Southern Railway has increased Its
car order OF 2100 cars announced last
week to 3315 cars. or the additional
number the American Car and Foundry
Company will build 150 besides the 1.Sy)
announced previously, while the railway
company will build the remainder in Its
own shops.
n. L. Carpenter & Co.-There was no
feature TO the cotton market during the
afternoon of consequence. There was a
disposition on the part of the ring scalp
er and Wall Street to sell. but the mar
ket took the offerings well and tho s4buy-
ing apparently came from strong sources.
The feeling Is more favorable to a fur
ther upturn. General business Is much
better than it has been for some time
past, and a better market is expected.
Z. and c. Randolph to W. B. Hibbs
& Co.-The market opened irregular but
generally lower. being influenced by the
foreign quotations, ar Europe was quite
celer of stocks in this markket, dis
posing of about 5000 shares during the
first hour. There seemed to be quite a
little accumulation of buying orders at
the start. which was sufficient to offset
the foreign selling. but as the foreign
selling continued. prices sagged OF. and
the leading issues declined below Satur-
days finals.
there was considerable pressure, with
quite large transactions in Steel, which
declined about hr'- n point. Some spe-
cialties, like Westinghouse. Biscuit and
the Bethlehem Steel issues, showed
strength, but throughout the entire fore
noon Il good deal of irregularity has
been shown some stocks advancing while
others declined.
Canadian Pacific. Chesapeake and Ohio
and New Haven were all under pressure
and lost ground, and the general tone OF
The market at present is heavy.
European selling seemed to be in
fiuenced partly by the Irish troubles and
partly by the report that Russia pro-
posed to heavily increase her armament.