The Washington herald., 1914-04-14

Thomas W. Lamont, of J. p. Morgan
a. Co, said to a representative of the
Boston News Bureau: 81 do not think
the Eastern railroads will get the per
cent increase in freight rates"
The untitled tonnage report Of U. s.
Steel Company foreshadows the earnings
which statement will be issued last Of
April. 1t rs expected to be around
ST., 10000 for. the quarter.
Principal buyers Of Steel yesterday were
Chapman q Seaman. 200; +. Barrell q
Co, 2,OO; Harris Winthrop, 2OoO; Rogers,
/, 600. and traders covering shorts.
Principal sellers-Barney Co, Ran
dolph, Housmann, Deering & Co, and
Foster each 1900. and Berner, 4.oO.
]. p. Morgan & Co.have sold private
ly SIS, 10000 New York Central new 100
year 4l-2 per cent refunding and i'm
provement mortgage bonds and will offer
for sale sZ5.OOO.OOO more In the near
future In addition bankers have taken
option on $50 600 900 more Of same issue.
The s7oOOo,OO0 bonds THUS provided for
will be sufficient to care for the COM
pany's needs for the current year.
The National Carbon Company has de-
clared the regular quarterly dividend OF
/ 81 per cent on the preferred tsock.
payable March 10 Books close May 4
and reopen May l6
Grand Rapids Railway Company has
declared the regular quarterly dividend
Of ! Ia per cent on the preferred stock.
payable MAY l. to stockholders of record
April Is.
The IngersoIl- Rand Company has de-
clared the regular annual dividend OF 5
per cent on the common stock. payable
April 50 to stock Of record April Is
Lewis johnson & Co.-Those on the
inside in Tobacco affairs express opinion
that action OF LOrillard Company In an
nouncing il will sell all jObbers In the
New York district At same rate as Metro
polltan Tobacco company Is first step to-
ward settlement oi az: rences between the
Department Of JustTr and the Metropoli-
tan Tobacco Company Status of the Doril-
lard and the Lggett companies. as far as
local jobbing business is concerned. Is now
Identical American Tobacco Company
already has offered to sell its own brands,
in other words. has agreed to act as its
own iobber. In case this course Is not
found to be satisfactory American Com
pany has been giving consideration to
plan for handling of its brands in New
York City by some new company. In
other words. the three largest selling to-
baCco manufacturing concerns operating
in New York have either broken away
from the Metropolitan Company. as ex-
elusive jobber. or made plans to that end.
This is the reason for belief that gov
eminent action against the Metropolitan
Company will be unnecessary.
The Evening Wisconsin says: People
who want parcel post to be a success
will do well perhaps to remember that a
cat may have a litter Of kittens so large
that II is beyond her capacity to rear
them to stalwsrt strength.
Postmaster General Burleson would 90
better to concentrate his attention uron
making parcel post within reasonable
limits in which it was contemplated by
its originators a permanent success than
to pile up new responsibilities with reCk-
less assurance, beyond the power OF his
department To meet them. There is a
world of difference between the national
limit of parcel post as a handy carrier
OF packages for the people and the
sOclalistic dream of the government tax
ing over the transportation business
Even the Crowding out of the express
companies need not necessarily follow the
operation Of the Postoffice Department in
its new field. for there is a gread leal Of
business that is outside of the legitimate
province of parcel post and well within
that OF the express companies. As for
the BurlesOn notion of the Postoffice De-
partment taking over the telephone and
telegraph companies. it indicates a Wis
ionary disposition and suggests the
schoolboy whose "eye is bigger than his
stomach and who surrounds himself
at the restaurant with a great many more
eatables than he can possibly consume,
and who sometimes eats too much and
suffers the pangs of indigestion.