The Washington herald., 1914-04-18
TORONTO QUOTATIONS.
WALL STREET GOSSIP.

| WIILk U HILL uOOOhl .
| Delaware Coal Company reports 81 s-lt
per cent on stock in 1913. compared with
40 lilo per cent in 1912.
About 50 per cent OF New Haven stock.
holders have voted in favor OF ratIfyins
partition agreement.
surplus after charges increase S.057.0oo.
Ray Consolidated Copper year ended
December 81. surplus after charges equal
to sl.a, against N.S3 a year ago.
It is said the report of the Central
Leather Company for the quarter ended
March 81 Will show earnings in excess
OF 2.52s. 900. the total income for the cor
responding period last year.
It is understood annual report United
Cigars Stores Company for calendar
yea, 1913, will show sales close to
s.. 900. 900 ahead Of previous year. Com
pany was able in addition to increase its
cash on hand close to $50 200.
Clark Childs cold 1900 Missouri Pacific
in all This looks as IL 1t is the last OF
the holdings OF some of the Goulds.
Corn Products Company's big plant at
Granite City, employing over 1000 men.
with a capacity Of 1900 bushels per day,
has shut down indefinitely on account OF
poor business.
Cambria Steel Company has declared
the regular quarterly dividend of IA
per cent
The Consolidation Coal Company has
declared the regular quarterly dividend
Of l-2 per cent on its capital stock.
President Clarke. of Lackawanna Steel
Corporation. admitting wages were in
cidentally discussed at recent independent
steel conference. denied there was any
formal decision to reduce present wages.
President Nudge. OF the Rock Island.
who has returned from California, says
that the compRnys March earnings held
their own. April has been somewhat bet
ter. Freight earnings show a small in
crease, with passenger earnings behind.
Morgan Liivermore sold Steel from the
opening. Other prominent sellers, Cut
ting q Co.. Randolph and commission
houses. London bought ZOO. Shearson.
100: Thompson Co.. l.0oo: Hough d
Ficke each about l.Ooo Bsruch, Content,
Churchill and Housmsn. sellers of Le-
high Valley. Post & Flagg principal
buyers. with the balance scattering.
London bought l.50O Copper
TAUiS r. 20 r..
Co.-There is a lack of inspiration in cur
rent railroad earnings, and the bond mar
ket continues to hesitate In consequence.
The crop condition is helpful and should
be given more prominence, because it is
more vital to the general welfare than
many Of the subjects which are being
magnifed into undue significance. The
country wants to go ahead and to cut
away from politics and law suits. To
get the mind OF the nation back to busi-
ness in the problem of the hour There
has been too much theorizing and too
much idle gossip where minding ones
own business would have led to pros
perity. The country does not need saving
half as much as individual enterprise
needs individual and conscientious at
tention. Once this condition is recog-
nized, investors will have no concern
FOR their securities and the demand would
al least double In volume. We continue
10 favor municipal and public utility is
sues as being the most certain Of good
results.
New York Financial Bulletin-Opinions
ire expressed in well-informed circles % !
he effect that the steel trade conditions /
Ioroad may be the deciding factor lsI
egards wages paid by our own compa-
lies. 1t IS mentioned that the present |
situation Is exceptionally complicated. as
he normal spring recovery in general |
business has failed to appear both here
md abroad. bearing with special weight
N the steel industry: that any attenIp:
o advance prices here independently
would increase the foreign competition.
specially as steel quotations have been
eclinins abroad for a long time past;
md that II prices are not advanced
ere, the current limited profits would
e further curtailed by increased freight
ates and the cutting OF of tap line
rivileges. 1t is generally admitted that
fter time the restoration of railway
redit would swell the volume Of steel
rders materially. but the foreign trend
steel seems to be regarded as a vital
lement. This situation looks as though
might be potential factor In the liaui-
alton Of labor and its establishment on
ind - 81 kaa