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Show BAD EARNINGS SENT BEET ! SUGAR DOWN FEW POINTS Market Pfosition of American Cotton Oil Weak; Tariff' Reform Gives Corn a Boost; Rumors of Railroad Bond Issues. By Thomas C. Shotwell. By International N'owa 'Service. NEW YORK, Nov. 7. Continuation of tho ndvanco in the stock market mar-ket was a surprise today to professional pro-fessional traders, who expected iind still expect reaction followlncr the vlo ent movement of Wednesday. Tho profegfllonnlfl overlook the fact that "whatever "what-ever bad effects may follow, the American Ameri-can election ha been fully discounted bv the decline In the market forced by (be European situation. Furthermore, the (lorcat of Roosevelt has Inspired confidence confi-dence in Kurope and there Is repurchasing or some Investment securities by foreigners for-eigners a a result. r-T!lc Kt?cks that acted badlv were Cotton Oil and r?oot Susar. Speclf'lc rea-sonn rea-sonn were at hand in niont Instances. In regard to Beet Supra r It Is tho bad cam-ncs cam-ncs that is causinf,' the decline and tar-ff tar-ff reform has little to do with the matter. mat-ter. A weak speculative situation la bn-l!.,r,lpfd. bn-l!.,r,lpfd. y corned by the market break in the stock. American Cotton Oil broke from r. j $ to Til J on the announcement announce-ment that dividends on the common stock would bo d scontinued. The company ha '?oady,.Ha!cl ,Uir?c W cent in tho. year 1012. although tho dividend was barely earned. Directors announce that while earnings are good they bcllove the company com-pany should keep Its cash. During tho n"s,t .year there lias been expended for 2?iUt,,SPa, to t,hJ PropcrtJeH the sum of SHiO-ino in addition to the $507,705 expended ex-pended for maintenance. Prosperity of tho farmers should result In bettor business busi-ness for the company. Can Goes Higher. Talk of tariff reform 'caused an advance ad-vance of American Can stock. As this company buys all its raw matcriai, anv reduction in tariff will naturally enable It to got this material at lower prices. The use of canned poods and of surii other articles as furnish tho income for the American Can company will incrca.se with the prosperity of the country, but will increase even should prosperity be interfered with and the people be forced to economise. Therefore, tho way whead sooms clear for; tho company and the buying of tho stock is of the moat confident con-fident character. Good buying was also seen in tho Petroleum Petro-leum Hlocka both Mexican and California:!. Califor-nia:!. Tho latter announced that in October It earned $250,000. which Is at the rate of 10 por cent on both classes of stock. Earnings of Mexican Petroleum are also Increasing rapidly. Further evidence of prosperity was scon In the announcement by the Sears-Roebuck company that on Monday the concern con-cern received 1S.000 orders, averaging 511 each, making the business for tho day $r.2S.000. which is within a few dollars of I be greatest day's business or the c ompany. om-pany. The stock advanced seven points on this announcement Many wise speculators spec-ulators in Wall street have been selling Scars-Roebuck rocnlly and prophcslns a break in the stock which does not come. Court Opinions Due. Lawyers who keep In close touch with the supromo court wero telling th;lr friends today that certain preparations being made In the orfices of the court led them to believe that next Monday would see some of the important decisions deci-sions handed down. They had not expected ex-pected tho decisions In "tho Minnesota rate case until January, but are changing chang-ing their minds and would not bo surprised sur-prised to see the anthracite, the Union Pacific and the Minnesota rate case decisions de-cisions all handed down next Monday. There are rumors that Union Pacific and New York Central will, In tho near future, brlncf out new bond Issues of importance. im-portance. Central stock has been accumulated accu-mulated by one of the strongest pools ever at work in It and Union Pacific shares also show strength. Roth of these Issues will be among tho leaders before manv da vs. Tho big railroad deal to which reference has been made on several sev-eral occasions recently is progressing and will furnish new reasons for "activity and strength In tho stock market. |