The Washington herald., 1914-04-04
MISSOURI PACIFIC
AGAIN in DECLINE
Rumors of Rockefeller Deal
Falling Through Affects
General List.
CAPITAL TRACTION, 102
Stock Firmer on Local Exchange.
Franklin National Bank Gets
Charter Today.
CAPITAL TRACTION, 1O2
By w. STEALEY.

By w. STEALEY.
Under the lead Of Missouri Pacific the
New York stock market yesterday de-
- ciined. The market closed duh, but the
undertone seemed strong.
Missouri Pacific lost nearly two points
on rumors that the Rockefeller purchase
had been abandoned.
Steel, closing at g Is Copper at rs IL,
Norfolk and Baltimore and Ohio at 50 "a
were fractionally on.
The market opened quiet and firm. and
in the first half hour there was some
show Of strength under the lead of the
fractions, some OF which, notably Inter
boro preferred. advanced to the highest
price touched in some time.
The rest Of the list. however. remained
iist:css and in the second hour, seeing
that the market would not go up, the
traders thought perhaps there might be
some money in selling stocks. Their
selling forced prices of fractionally all
along the line but no liquidation of i'm
portance resulted, and later the market
ruled dull and heavy.
Participation in the dealings seems en-
tirely professional and price changes on
the whole unimportant.
Persistent selling of Rock Island is
sues continues, under which the stocks
and bonds of that company have made
new low records.
Local stock Market.
Capital Traction was frmer on the
Washington Stock Exchange yesterday.
Sixty-six shares in odd lots sold at 1o2.
At close 1O1 1-2 was bid, 1Ol S-4 asked.
Two shares of District National Bank
brought I42; ten shares of Mergenthaler
PA
Bond trading followed the narrow range
of the stock list. three 5000 Railway Is
bringing 81. one 5000 Anacostia and Po-
tomac 5, 100.
The five anthracite coal roads hauled
LS44, 40 tons of anthracite coal in Janu-
airy 1914 or 1900 tons less than the year
before. The thirteen bituminous. coal
hauling roads carried 14,H1,SiS tons of
htuminous COAL or $4,000 tons less than
last year. The ten coke roads hauled
1.752O93 tons Of coke or nearly 600, 900
tons less than last year.
Work was resumed at the Norfolk and
Western shops in Roanoke. Va, yester-
day when go men returned to work on
part time. The shops had been closed
since March IL Engineers and firemen
on the Norfolk and Western have with
drawn their requests for increases in
pay.
The reports of the period from July !
TO December 81 OF the three large express
companies show big decreases in net
operating revenue. American Express
decreases $1.I19.5 $685. Adams Express s516,-
3I1, and United States Express se69. .599.
The United States Express Company is
to go out of business. and it remains to
be seen how long the other two can stand
the strain. The Postoffice Departments
parcel post figures will make interesting
reading one of these days.
Howard EIliot's pamphlet giving in de-
tail the present financial condition Of
New Haven, the full history Of negotia-
tions with the Department of Justice, and
other events since September ., 1913 will
be made public Monday il present plans
are carried out.
The statement of financial conditions
will show the necessity of more cash and
need for prompt arrangements to meet
the 81, 100000 notes maturing May IS.
F NJ Cordill. the New Orleans cotton
crop expert is in the city. He expects
20 start on his preliminary inspection trip
over Texas April 10
The Comptroller of the Currency today
will grant to the Franklin National Bank.
Pennsylvania avenue and Tenth street.
its charter to begin business. With John
p. Cochran as president. r. S. Turk. vice
president, and ]. Fendall Cain, cashier.
the bank starts under new management
Monday.
Net public debt of the United States
on April ! was sl.OS2 81. .345, an increase |
during March of $1.947,7 769.
Louisville and Nashville's February net |
decrease is s245,OSn. The decrease for
eight months is S5I3,579.
New York Financial Bulletin-Reports |
received from well-informed interests |
say that the outstanding commitments |
for short account for Washington poll |
ticians are larger than ever in the his |
tory of the market.
Messrs. n. w Halsey & Co. and asso-
ciates. who purchased the $1,000 900 bonds !
issued BY the port of New Orleans. have |
been advised by counsel that these bonds |
constitute an obligation of the State of
Louisiana.