OCR Text |
Show FUTURE OF CARRIERS APPEME1 J. A. Tlogle & Co., 163 South Main street, furiosi! the following digest of financial news, received over their pri-vale pri-vale wires: New York stock letter: About the only feature of importance of market-I market-I wise bearing was that which denoted that tlie nence narlev between the Russians and the central powers Is likely to be abandoned, and the movement which started yesterday was conducted by those inclined to think that liquidation has ; pretty much run its course and that any ; action tnken in connection with the carriers car-riers will be constructive. In the late dealings the market suffered a natural reaction. While a broad bull movement can hardly be expected under existing conditions, still we continue to believe that the course of least resistance will bo found on the long side of the market and that advantage should bo taken at current cur-rent levels to make Judicious purchases. Curb lettr: There was a show of pronounced pro-nounced strength in the trading on the curb again today, with vigorous advances in a number of the leading issues. The heaviest trading was in 'Houston Oil, about 20,000 shares of that stock changing hands on an ad v an c e from (i to 4 2 ' 4 . with the street continuing to talk about the reported developments at Die Texas fields, where a stockade has been built around the company's properly. Chevrolet was another strong feature, ranging from 66 to 72. Independent oil stocks gained in strength on the load of Houston. Midwest Mid-west advancing from 0?. to OS and Morritt moving up from l!Hi to -IVi. Oklahoma sold at r. to 6'i and Sinclair Sin-clair Gulf sold at 11 V2 to 13. There was some heavy trading in Aetna. Explosives early in the day, when it. advanced to S( but "later reacted to 7. General Electric rights were aleo in demand, de-mand, selling at I 11-16 to 2. Submarine sold at 1P, to H. Wright-Martin sold at 5"i to Gtf. United Motors showed a better tone, selling at 14 to 15. The mining stocks were irregular, with Magma 011 a few sales moving up from 38 to 40. Butte Copper & Zinc sold at 62 and Jerome Verde at Vz and . Bethlehem Steel Bs wove traded, in at to 06. Federal Mining & Smelting for October nuarter. net, $431,618; increase, $21,611; net profits for ten months to October 31. $1,616,437, compared vrlta $976,475 last year. Ohio Copper for she months ended -Tune 30. 1917. total copper production, 2,769,677 pound?, which was sold at average price of J7.1l1 cents a pound. The operating profit from this was $225,145. Dan Jones says: On account of coal shortage the four blast furnaces of Bethlehem Beth-lehem Steel corporation at Sparrows Point have been banked. So far the plants of the company at Bethlehem, Fa., have not been affected to any extent. Thn entire steel industry is suffering more than at anv time this year. New York wires; Regular dividends on TVestinghouse Electric common and preferred. |