The Washington herald., 1918-01-25
From the Financial Ticker

II was q market of uncertain tone
in the early dealings on, the Console
dated Stock Exchange yesterday. U.
s. Steel, the stock most watched by
the traders as the stock most likely 10
furnish q guide regarding future
course of quotations, three times
dipped and rallied. It opened at SO 5-S.
rallied to 90 Ia, softened to 50 3-4,
again rallied to 80 1-2 and then once
more softened below 30. This was fol-
lowed about midday by another rise to
30 3-4. In a general way the list coin
cided with this movement but there
was special firmness in some issues.
G. NJ. o. and @. R. were particularly
strong. After opening at 50 S-s Marine
preferred had an early setback to
IS IL. So far as the general market
was concerned. the influence which
most operated In its favor were the
further reports Of great economic un-
one report from Russian Bolsheviki
started at Vienna. Offsetting these re-
ports. was the continued nervousness
regarding the effect upon the general
domestic situation Of the pending huge
Federal financing. Wall Streets atten-
ton having again been directed to this
by the necessity Of raising $40. 900, ,ooo. 900
by June 80.
Commission houses handled q good
business in the early dealings.
NJ. N. p. was one Of the stocks In
special demand. II opened at SO "a
and early tounched 90 SIS. The rail-
road shares inclined to softness.
U. P. opened at Ill is and later sold
at no IS.
It can now be stated that the deal
in International Mercantile Marine
preferred. recently under considera-
ton, and now abandoned. called for
sale not only Of the British ships but
also of the securities and cash held
in treasures Of British ship subsidia-
ries. Cash and its equivalent sold
abroad Is estimated between s65. 900. 600
and $4,000. 900. and on this basis the
offering price for the tonnage involved
was not very attractive. Indeed, It
figured out less than SO a ton on the
10000 tons involved.
Talk on the New York Stock Ex-
change floor yesterday indicated the
general idea that the regular quar-
terly dividend of Ia per cent, with
per cent extra, will be declared on
U. s. Steel at the stockholders meet
ing to be held January 20.
The regular quarterly dividend of
50 a share. payable February Is to
stockholders of record February s,
was declared on Greene-Cananea
yesterday.
The regular dividend was yester-
day declared on Gaston-Williams
and Wigmore.
The profit and loss account of the
General Electric Company for the
nine months ending September 80.
1917, shows a balance equal to
s27.36 a share on $101,512.000 capital
stock outstanding.
The Republic Iron and Steel Com
pany has purchased the Bessemer
Coal and Coke Company's property
in Allegheny County. Pa. at a price
reported to be in the neighborhood
of 100000. according to advices re-
ceived yesterday by W. B. Hibbs &
Co. The property consists of 5000
acres OF coking coal with two shaft
openings fully equipped. The rated
capacity is 1000 tons daily.
Peace talk permeated Wall Street
yesterday. In some quarters wagers
were made that articles of peace
would be signed within three
months. The predominant sentiment
was to the effect that Austria would
fall into the hands of socialists and
drop out OF the war, just as did
Russia. Authoritative statements
from Rome declared that Emperor
Charles OF Austria has pledged him
self to work for peace without an
nexations or indemnities, and that
he would take the lead in proposing
disarmaments and q league of ma
tions. The bond market did not
reflect the peace talk.
f. ]. Deuth, Of hits city. will leave
here today on a business visit to
Baltimore.