The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-04-16
WALL STREET GOSSIP.

There are indications that New Haven
in April will report larger earnings than
in same month last year.
American Telephone and Telegraph has
arranged to sell approximately s3o,0ooo 900
two-year per cent coupon notes OF
Telephone subsidiary companies Endorsed
by the parent company
Pacific Coast Company has declared
the regular quarterly dividends of l Ia
per cent on the first preferred. and l l-2
per cent on the second preferred and
common stocks.
United States Realty and improvement
Company has. declared a regular quar-
terly dividend OF 1-3 per cent.
Electric Bond and Share Company has
declared regular quarterly dividends of
2 per cent on the common and l-2 per
cent on the preferred stocks.
Financial Bulletin says-Careful esti-
mates are being made in certain con-
sentative banking circles as to effects Of
the new currency law. The conclusion
reached is that we are on the eve of
great imitation which will have an all
around bullish effect as soon as the rail-
road conditions, the key to the entire
situation, have been Strengthened out.
Returns to the Wall Street Journal of
eiGhty-seven roads operating in the
United States. for February, show a de-
crease In gross OF 10.6O per cent, and a
decrease in net of 400 per cent. This
compares with a decrease in gross for
January of 6.92 per cent and a decrease
in net of 222 per cent
John F. Whelan. president of new
United Profit Sharing Company. says:
Coupon business OF the country amounts
TO more than slO0,OOo,0oO a year and of
this tobacco trade uses less than SO CO., =
CO., According to present plans, our cou-
pom service could include our COMPETE
tors in retail cigar business should the
bill now before Congress fail of passing"
Sale Of $TO.O0O. 900 New York Central re-
funding and improvement bonds, when
completed, will take care of pressing
necessities and leave the directors Of that
company free to take up other problems
One of these is the dividend question. An
other is the terms to be made with Lake
Shore and Harlem minority stockholders
II is a matter OF Interested comment
among bond men that the governing COM
mittee OF the stock exchange has voted
TO extend the bond platform in the south
eastern section OF the exchange floor
by three feet and to install eighteen
telephones for the use of bond dealers
Three feet are only three feet. but a few
years ago a bitter protest would have
been registered by stock traders against
an encroachment OF even three feet on
their precious floor space.
Mexican exchange is quoted at 80 This
Is the rate announced by the National
Railways Of Mexico as the basis of
freight charges. and is practically the
only source OF quotation now. since bank
ing institutions refuse to make any fixed
rate of exchange. The above rate is
about the lowest Mexican exchange has
touched since the present crisis 1t is
equivalent to IS cents American money
for every dollar Mexican
1t is said that the present movement
In Mexican exchange is not so much in
huenced by any greater apprehension re-
garding possible intervention by the
nited states as il reflects the increasing
ISSUE OF paper money and the gradual
disappearance Of specie in Mexico The
more paper money is put out by the
Mexican government. the faster gold and
silver disappear from circulation, which
consequently drives the rate Of ex-
change at Mexico higher