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Show OPTIMISTIC Iff IS :Sffil BY MARKET j News of Allied Success Would Result in an Advance, Ad-vance, Belief. j. A. Ho?le & Co.. nw South .Main street, furnish the following digest of financial new?, received over their private pri-vate wires: St. Louis lead, quiet ;ind .steady at J7.U0; spelter, dull at $7. Utvi t.j:, : twonty Industrials. 7H.41. off .:.;; twenty rails. 70.72. off .10. X Financial News: In view of the Poch supremo command news, ihink the market will reflet bullish operations. The technique is of a character such .,s to suggest improvement without fa-nr.ihle fa-nr.ihle battle newji, and an allied offensive- miht wf'l! caue ;i sharp advain-e. Iviiipiiient;:, rails, oils and steels arc favored. fa-vored. Financial Bulletin Outside buying- of the equipment stocks, especially of American Ameri-can Car Foundry, is expanding a growing confidence in the McAdoo administration ofie rails, where he seems to have su-ni su-ni e jurisdiction, is noted. JT ' There is a better a ppre- iation by odd-r odd-r lot traders of the merits of tho steel i group as a result of what seems to have heen a close study of the United Stales Steel report and those of the Republic and , Lackawanna companies. Investigations in brokerage circles hrlnpr out statements from many quarters to the effect that there are pra-t mri lly iw w eak or vulnerable vulnera-ble Ions accounts 'in the stock market. The last of them was sold during the German Ger-man drive shock. New York News Bureau: Constructive houses look a bullish view, under the assumption as-sumption that a definite statement would soon be made that the German drive had been checked completely. United Slates Si eel carne in for mimh favorable comment on the showing made in the annual report of current assets of nearly SSUu, OitO,)00, or far more than par for the common stock. .The annua! renort of Chicago & Northwest North-west ern for lf)l 7 shows total operating revenue of ?lS.261,3C:i, an increase of $l0.2Sti,139. St. Paul for the same period shows a total opera t iim revenue of $21,476,500, an increase of SG 2 1.2 22. with a decrease in railway operatbi. income of $1,887,442, the total beincr S-i.SOS.iHiS, instead of $(S.l S5.9S0, as in 191S. This road cut its dividend on the common stock by 2 per cent in 1317 and with a net income of $2,11S,-a $2,11S,-a decline of $1,569.385. Dow Jones says: Tennessee Coal & Iron earnings this rear are expected to be substantially higher than they were in 1917. With larger earnings, there seems to be no reason why a regular $2 a year rate should not be instituted a nd maintained. main-tained. The White Motor company reports, for lfl!7 a surplus of $lfi20,309. Internationa 1 News Bureau says: Capacity Ca-pacity opera t ions have again been resumed re-sumed by the Miami Copper company and present conditions point to a March copper cop-per yield of '5.000.000 pounds. New York Stock Letter: The market was dull and uninteresting, with rails and equipments firm. The Liberty bonds dur-tirie dur-tirie last two sessions ha,ve been dis-uinting dis-uinting to those who a n'Ueipate that -WThey will rule close to par during the flo- ! ation of the third installment. The ten- : flency at present is to await further de- ; velopments in the war zone. pending ' which we doubt very much that any ma- j '-ial advantage will accrue to sellers of, t idard shares. 4 New York Curb Letter: The tone was I generally firm, with volume small. Chev- relet sold at IKi and 117 and United Mo- tors at 26V Keystone Tire was steady, with sales at 17. Wright-Martin sold at 1. Aetna was steady at 8Va. Independent Inde-pendent oi! stocks were quiet. Oklahoma i Products selling at f. Mining stocks were dull. Nixon Nevada selling at $1 and Ray Hercules at A. United States Steamship sold at 5 and Maxim Munitions Muni-tions at Ys, while. Submarine was steady at 13. |