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Show PESSIMISM MARKS MMBEMS J. A. I logic & Co. received the following fol-lowing financial digest over their private pri-vate wires: New York Stock Tetter: Centering on the Baker statement, calling attention atten-tion to the adverse possibilities of the Herman corning drive against the west front with soldiers withdrawn from Russia, Rus-sia, market sentiment, somewhat optimistically op-timistically inclined, has suddenly reversed re-versed itseif and gone into a state of livsterical pessimism that has renewed and broadened the liquidation In the high-, priced specialties, and the outlook seems again lo favor feverish extension of sales 10 discount "a great allied reverse" which, mav never materialize. j The exposure of bad management in the American soldiers' camps is considered consid-ered unsettling. It seems useless to expect ex-pect recoveries to hold under existing conditions and' until the readjustment shall have been completed. More pool liquidation is reported pending with loan calling rumored. Offerings appear suddenly- on slight rallies. Piedictiona of further selling are noted with regard to United States Steel. Union Pacific, Canadian Pacific. Reading, New York Central, Crucible. Pullman, American Ameri-can Smelters and Bethlehem Steel "B." In nome quarters it is said to be pressing, press-ing, in others .it is expected to be held for rallies. New York Curb Letter: Values gave way on the curb just the same as on the stock exchange, but tlie price changes were less extensive because of the fact that few7 of the curb securities are carried car-ried as collateral in loans, and there was nothing -in the shape of forced liquidation liquida-tion except that which came from depletion deple-tion of margins on stock exchange accounts. The oil was again the weakest feature, with Midwest Refining dropping from 102 to 94 and .Merritt falling from 19 to 17s4. Other oil stocks showed more moderate, mod-erate, losses. aiong the sales being Oklahoma Ok-lahoma at 6. Osage at 63s. Elk Basin at ti's and Cosden at 6. There was little interest shown in the war stocks, a few thousand shares of Aetna Kxplosives being be-ing traded In at o-fs to S. U. S. Steamships Steam-ships was fairly well held, selling at 6 and 5. Cities Service also was steady, with sales a t 205 and 204. There was only a small amount of trading in the aeropla ne stocks, Wright -Mar tin selling at 6-U and 6J.fe and Curtiss at 2S. Chevrolet Chev-rolet dropped from 62 to 60. United Motors sold at la1. to 14. Mining stocks, while !ow:er, showed a steady tone. Big Ledge,' in which there was pool avtivily, reacted to IV2, Magma sold at 39 to 3?. There was marked improvement during tlie day in Russian lion d h. the 6 1 s ad van ci ng from 46 to 52 and tho fs advancing from 46 to 5:'. I St. Ixmis Lead, steady, $6.37 2 to $6.50; spelter, steady and strong, ?7.7o; twenty indust rials 6S.7S, off 1.71 ; twenty rails 73.43. off 2.4S. Inspiration's December output should be i -lose to o.OOO.OOO pounds of copper, or about' loo per cent over the November; production. American Telegraph & Telephone reports re-ports gross revenue for October of $2S,- ! 8-5,026, an Increase of $30S.024. Operat- j Ing income was $1,315,445. or $"7.4:;5 ahead ' of a year ago. Ten months' gross was $26,710,863. an increase of $3,030, S04. Opera! Op-era! Ing income. $12,141,343, an increase of $o&9,083. Announcement is made that, in the last t hree months the Wright-Martin corporation cor-poration has doubled its daily production of aeroplane motors.' Two million dollars will be advanced by the war and navy department to Bethlehem Steel company com-pany on numll ions eont ract s because of the company's difficulty in obtaining funds from private sources to expedite deliveries. Western Pacific's October in-creas in-creas $165, Stiff, a fter Ux increase of $16,599. Net operating Income increase, $31 ,7 S3. Ten moni bs' opera ting income increase $614,355; gross income, $1,491,510, after tax increase of $41, 06. |