OCR Text |
Show LlilON TENDS 10 DEPRESS PIES T. A. HoIe & Co., South Main street, f urmsli the folio lug digest of finarr iai neAs recei'ed over ihetr private wires: New York Firianria.1 Xows Bulletin: Thare w ere lar?re offerinsrs of stock in pracri-.-aliy all qu;j-ters o( the list. L.iqui-da L.iqui-da r ion was resumed on a. nit her liberal 5'-ale and that, tn conjunction with the efforts of thnsA bearishly in-lin?d, at tin:r ? dcDrcss-i the price? rather &e-erely. &e-erely. The condition or nnairs in Italy and thf fear of further com tlii-at Ions In the. international situation hcl.l the at-tent at-tent ion of the financlaJ district. It Is 'jiiito apparent thaL many conservative people are more or less apprehensive over what the future holds in ptore. The situation was somewhat arra vated by 1 lie action of the Montreal exchange, which established minimum prires?. ThiF was responsible for much f the hasty sellin-?- in the forenoon. Investment values val-ues continue to shrink under the pressure of o ffe ri n ars which are cred 1 1 ed to in an y different - sources. The logical source w bel!eed by many to be from the German interests. We think it may be well to use caution on the long side and have stout protection on open commitments. New York Curb Stock Letter: The general gen-eral unsettle condition of the security market had a disturbing influence on values of curb stocks and bonds during tho first half of the day and substantial looses were sustained In a number of the leading issues. Cities Service was one of tho most prominent features and sold from 206 down to 200, which is the lowest price touched since the readjustment readjust-ment was abandoned. Russian bonds -were also extremely weak, the 6s selling- at 89 to 6S ajid the Bs at 59 to 57. Both made new low records. Aeroplane stocks were fairly steady. Wright-Martin sold at 8 to &k and Cur-tiss Cur-tiss ranged from GOi to 29. Aetna Explosives Ex-plosives was quiet, with sales at 6 to 5. Air reduction sold at StX 011 stocks were generally heavy. Midwest Mid-west sold at 134 to 132, Merrltt sold at 32V; to 30. Northwest at &d to $2 cents, Osag-e at 7 to 7, Oklahoma Producing at 7l, to 7 and International Peteroleum at 12i to 12. Mining: stocks were irregular. Majgrna broke from 4H to 34, Mason Valley sold down from 4 to 4Ji and Butte Copper Cop-per & Zinc declined to 7U. Emma. Consolidated Con-solidated sold at and Jerome Verde at 11-36; United Motors sold at 19 and 19, Chevrolet at 71 and OS, Submarine was traded in at 154 to 15. New York News Bureau: The federaJ trade committee is investigating contracts con-tracts held by manufacturers of iron and steel, with a' possible plan to suspend them in order not to defeat the basic prices fixed by a-rreement with the government gov-ernment a short time ago. Logmn & Bryan eay: While we have for the past three weeks felt friendly, on ihe weak spots, to the long side of the steels, marines and a few other of the specialties, we now, on account of the present international situation, euggept caution in making new purchases owing to the unfavorable Italian war situation. There are many reports in circulation of heavy selling- of investment stocks for German and Swedish accounts. Until the international situation assumes a more cheerful aspect, we would be very careful care-ful on the buying side. |