The Washington herald., 1914-04-04

The Pennsylvania has annulled twenty
five passenger trains on lines west of
Pittsburgh. and twenty-five more will be
taken of Sunday.
In a week or ten days Wabash reor-
ganiZation plan will be in shape to sub
nit to the various State railroad COM
missioners through which the railroad
runs.
Stewart Mining Company declared a
dividend OF 10 per cent payable April -
Books close April Is reopen April =. The
previous dividend was 10 per cent. pay
able December -.
few of the larger room traders like
Jacob Field have been the principal SELL
ers of stock on fractional recessions.
Field sold 200 Steel and G. c. Miller
sold Union Pacific. Selling seems TO be
more on the dullness than anything else.
]. II. Lang. of L. Vogelstein & Co.
cables Dow, Jones & Co. from London
in reference TO copper exports: Copper
exports represent only actual consump-
tive demand. Statistics not doubted
here"
The United States Rubber Company has
declared the regular quarterly dividends
OF l-2 per cent on the second preferred
stock. payable April % to stock OF record
April Il
Moler to W. B. Hibbs & Co.-The firm
ness OF the standard list OF stocks lately
in the face of the bearishness of the
trading element. and pessimistic reports
as to the dullness OF general business
and the laying OF of railroad employees
together with the very bad statements of
net earnings by nearly all the leading
railroads of the country demonstrates
the well liquidated speculative condition
and also the presence of still a large
short interest.
The way prices have been holding under
the circumstances is good evidence of
what the market would do in the way OF
responding 10 any really good news to
stimulate optimism.
For these reasons a conservative trad
ing position on the bull side OF the mar
ket and purchases on soft spots is still
advised.
G. B. Post to Lewis johnson & CO.
1t is generally conceded that the almost
calamitous showing of earnings recently
published by our railroads make almost
certain a rate increase of some sort and |
IL is TO be hoped substantial one. I only |
fear that the physiological moment has |
not passed. Had the Interstate Com |
merce Commission acted reasonably a |
rate increase would have been granted !
last November or December when IL |
became apparent that the necessity for |
such action would develop Had II come |
then II would have started the wheels OF |
commerce buzZing in every direction but |
now this has contracted to such an ex-
tent that / fear part OF the beneficial ef- |
feet may be lost. In other words the |
New York Financial Bulletin-Winning |
of the Panama toll fight in Congress is |
expected to establish Wilson more firmly !
than ever in the leadership of his party !
md to give him practically domination
n the important measures now pending !
IN Washington, including not only the |
rust legislation. but the rate decision
Confidence is expressed in well-informed
his attitude has become more and more
to the railroad situation. so
has he, through such, become impressed
With the Importance of returning pros
Oerity by promoting every tendency to-
ward re-estabiishing confidence among
capitalists Il has been made plain to
lin. according to these reports, that the
world is awaiting the lead of the United
States commercially, and that il world
'apital. as well as home funds, can be
Inverted into active channels again the
country will go into a season of pros