| Show r i TICKER NEWS r ro o By Dy the Harold Harol R. R Smoot Co Wire E Ed Hutton Hulton says Wo We o have been bearish for months month an anti and have so advised ad ad- 1 We Vc are arc still bearish The market markot mar mal ket kot can rally but in n my opinion It IsI is I going lower Something must bo bu done but when is the tho question being asked I C. C I. I Hudson Hudson We We suggest not making mak mal ing needless sacrifices o of rails ralls steels coppers and the like particularly after the tho severe so d declines which we have o had It looks as If in these classes of or Ia- Ia 8 HUOS you OU will bo be able to get Ct a b lter price on the next general rally The Tho New York Mall says that a canvass canvass canvass can can- vass o of several houses revealed thata thala there thero wa was as a road ready response to margin calls sent out after yesterdays yesterday's foreign for alga eign exchange panic ns as on OiL other days liars this 1115 week As a matter mutter of at fact fow os firms were under the tho nece necessity o of making a general ca call anti and most JOost of or thorn sa say their nc accounts aro are in vor very good position Several houses report that hat man many new noW accounts havo H been beon opened with them and that old customers custo- custo mers have vo voluntarily Increased their deposits In order to be in position to average when tho the word is passed along alons- to do so The Tho present decline has row few of or tho the ugly features of or tho the November break Directors of ot the Grand Trunk railway railway railway rail rail- way urge stockholders to accept t tho the Canadian governments government's offer to 10 take takeover takeover over tho the s system stem Including lines controlled controlled controlled con con- trolled by the thc United d States Stockholders Stock stoel holders meet February 19 i A portion of or the thc new French loan is isto isto isto to be lie floated in the United States through a group of ot bankers and will willbe willbo bo be placed in dollars with a view to ease tho the exchange situation All MI le legitimate legitimate le- le s needs for tor bank loans are arc to be bo provided for Officials of railroad administration and union leaders conferring on wage wago demands believe e a settlement is near Average price of 20 industrials O O. O oft off 20 rails ort oft 16 Tho The New cw York Post says sas The foreign for for- eign exchange situation does not alter tho the fact that the United States Ste Step 1 corporation has about seven Revon months' months mi nfl nn it Us honts and 1 tho lift I d demand i J Is still p piling i up up th that thai f t the tho ic railroads rail rail- roads roads are are arc about to enter a now period of or guaranteed earnings s that the thc theau- theau nu- nu companies are selling three Un linies cs as as' as man many cars this year as the they sold in the first quarter of or and that domestic business n needs z eds ta taX tac tho the capacity capacH of or our industries until well Into the thc fall re rega regardless dloss ss of ot export de 1 mand These th It is iterated will be bo emph emphasized a lUtlo later latel on by those traders who ar arc now laying aring great grent tress stress on tho the foreign exchange and mone money situation During tho the past few days s there have been reports circulated in Wall street Indicating that several foreign countries are negotiating loans In this country countr Delaware Hudson has hns declared a dividend of or 25 a n ah re payable March Marolt 20 to stock of ot record February 6 6 provided that on the tho aforesaid date there shall have havo been received from the United States government a It sum sufficient in the opinion of or tho the president dent with other oUter available funds to pay par tho the same |
