The Washington herald., 1914-03-26
WALL Street news.

Westinghouse declared the usual quar-
terly dividend OF 81.
United States Smelling. Refining and
Mining Company declared regular quar-
terly dividend of / 1-2 per cent on COM
mon and l 3-4 on preferred.
Anaconda Copper Company has de-
cIared the regular quarterly dividend of
80 cents per share.
Ohio Fuel Supply Company has de-
clared the regular quarterly dividend of
: per cent. PAYABLE April Il. to stock of
record March 81.
Henry Phipps. who has been identified
with United States Steel since its or
ganiZatiOn. has resigned from the di
rectorate. He also has resigned as mem
Oer of finance committee. James \. Far
rell takes his place.
Atchinson February gross decrease. ST.
162. GO: net decrease. Ss5. 600: eight months
decrease, S.64l 600; net decrease. 81 .s0e, GO.
Northern Pacific preliminary income ac-
count for February gross revenue de-
crease sSs9. ;s5: eight months net decrease.
81 .5S3.SSS; surplus after all charges de-
crease, s2,II.1l6.
That the earnings of Prairie Oil and
Gas did not come up TO the Streets eX-
pectations Is evidenced by the fact that
the stock sold yesterday at 5j5 after
opening at 512. Tuesday il opened at so.
Thomas G. Smiley has resigned as gen.
eral freight agent OF the Western Mary
land. effective April l. 1t is stated that
his position will not be filed. The aboli-
ton of the post is said to be in line with
the retrenchment policy of the company's
president. Carl y, Gray.
Evans to W. r. Hibbs & Co.-The mar
ket's undertone continues good and shorts
find but little stock for sale around these
prices when they attempt to cover. There
is so little outside buying. however. that
they are not much disturbed in their po-
sition. finding stocks only go up when
they put them up themselves. A strong
technical position in the market Is thus
being maintained. and. should any ag
Gressive buying for long account star. in.
a sharp advance would be in order. In
the meantime. patience is the watch
word and stocks should be bought on all
weak spots.
Post & FlagG to Lewis johnson & Co
The day was As dull as we have had in
some time. and what news there Is con-
tinues to he unfavOrable. The Pan-Han-
die reduced its dividends on both stocks.
common and preferred, and although the
stocks suffered a sharp break. the gen.
eral list is only fractionally down. De-
clines do not bring out long stock, but
simply cause dullness. One of these days
we are going TO get something favorable
and il looks to us as IL the market would
rrly tho nthar In the
meantime We fear We shal continue to
have the quiet conditions which have
prevailed recently.
No attention whatsoever was paid on
the curb to a dispatch from Columbus.
Ohio, stating that an action had been
begun there in the Court OF Comon Pleas
to compel the States attorney general to
institute custer proceedings against the
Standard Oil subsidiary companies doing
business in the Commonwealth. which in
clude Ohio Oil. Solar Refining. Buckeye
Pipe Line, and the Imperial Oil Company.
The complainant alleges that these com
panies have continuaily%violated the Sher
man antitrust law and also the State
antitrust law. Very little significance
was attached to the matter.
The copper situation shows improve
:nent not only in the United States but
all of the principal European centers con-
tinues strong. The export movement
continues to be one of the principal topics
Of conversation in the trade. While i is
believed that consumption abroad is
heavy. Il is scarcely large enough to alb
serb the takings of the past few months.
Consumers. however. are not storing the
metal but are keeping it in the yards Of
their works.
For the twenty-five days Of the current
month, actual clearances aggregate ap-
proximately 1o.0O0, coo pounds. which, added
to the shipments in January and Febru-
ary, amounting to $50 pounds.
brings the total exports since January
!. up to sIroximately 22S,CO.co pounds.