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Show EXTRA DIVIDENDS BY TIE PCf HIES T. A. Hogle & Co., 169 South Main street, furnish the following digest of financial news, received yesterday over their private wires: San Francisco Regular dividend California Packers preferred. New York Industrial shares were under considerable pressure. -Money-loaned at 6 per cent and stops were caught, causing a decline in the market. mar-ket. Cody wires On declines buy the raw material issues, as big war orders or-ders can now be given out without delay, forecasting what will happen to steels, coppers and leathers. New York The extra dividends on the porphyry coppers are as follows: Utah, 50 cents: Chino, 40 cents; Kenneeott, 20c; Nevada Con., .15c; Ray, 20c. The above dividends are payable July 25 to stockholders of record July IS. The total amount of the above dividends Is 51,591,556. Philadelphia It is understood that Bethlehem Steel will declare a Red Cross dividend within a w-eek. Market Mar-ket in ihe stock will be more or less uneasy until disbursement is made, after which look for higher, very much higher, prices. Washington The I. C. C has authorized au-thorized an increase in the freight rate on coke of 15 cents per ton in all territory east of the Mississippi river and north of the Ohio and Potomac rivers, to become effective at once. Chandler says Understand that next week there will be several offerings offer-ings on the market both of bonds and stocks. Some big people will be behind these offerings and it will be to their interest to keep the market in pretty good shape while the offerings offer-ings are being made. New York Sun says Colorado Fuel & Iron is threatened -with a strike. New York News Bureau summary No one seemed to have a clear Idea as to the reason for the market selling sell-ing off. There is a general belief, however, that the entire country has turned bullish. Success of the Liberty Lib-erty loan was accepted as a highly favorable market factor. Further weakness in foreign exchange ex-change was the feature of yesterday's yester-day's transactions. Kenneeott Copper enmlovees at the mines in Alaska threaten to strike today unless demand of 50 cents a day increase in wages is granted. May cotton consumption w-as the largest on record for a single month An additional $25,000,000 was loaned by the government to Great Britain, bringing the total to that country up. to S500.000.000. Stock letter, New York We continue con-tinue in the belief that the industrial section of the stock list has been overbought over-bought and that before prices can be advanced materially above recent records rec-ords further liquidation will be necessary. neces-sary. On the other hand, the position of the rails is much more satisfactory and issues of that typp are gradual! meeting greater favor. The bond issue is-sue being out of the wav and the previous strength of the market having hav-ing served its purpose in so far as it facilitated the sale of bonds we believe that from now on there' will be a tendency to pay more attention to other factors, such as an overbought over-bought condition in industrials- and the strength of money. |