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Show SHORTAGE II RAILS EXPECTEDTO RETIRE J. A. Husle- & Co., 16!i South Main street, furnish the following digest of financial news, received over their pri-vata pri-vata wires: , Twenty industrials, 76. IS, off .00. Twenty rails, 80.02, up .56. i Financial News: Bullish activities are expected lo continue, but there is a more cautious attitude, developing' in speculative specula-tive channels. Tiie buying: of steels is still considered good. Pools are bulling marines, rubbers, oils and tobaccos. The shortage remaining1 in the rails is expected ex-pected to retire wi th the publication of the presidential railroad address. We find evidence of good absorption of Reading, Read-ing, Union Pacific. New York CenLrar and Baltimore & Ohio. Jjchigh Valley earnings, eleven months, net after tax. decrease ?L',J10,210. International News Bureau : The first earao of the new crop of Cuban sugar consigned to this country arrived here today on a Norwegian steamship. More than four million tons of Cuban sugar is now available and refiners say the market soon will be supplied with all the sugar needed. New York stock letter: There seemed to be considerable realizing in the industrial indus-trial section, much of the same no doubt being induced by the reaction theory ex-prssed ex-prssed in many circles. After the rather substantial advance in the past week or ten days it is only natural that upturns of the past two .sessions meet greater opposition. There 'was no significance attached to the war news of the day and the president's presi-dent's message was the chief topic of discussion in the afternoon. The chief executive's remarks were about in keep- 1 ing with the expectations of those who have entertained the belief that the administration's ad-ministration's efforts will be conducted aJong lines tending to place the future of the carriers on a sounder basis, with the view of restoring confidence to the ; investors in the transportation shares and at the same time stabilizing the general j investment situation. The fact that the president urges a speedy solution and enactment of his plans and the immediate imme-diate introduction in the senate and house of bills along the lines of his suggestions sug-gestions encourages the conviction in many quarters that at a not distant date a decision of the legislative bodies may be reached. It is expected that some portions of the plan will come in for considerable debate, but It is believed that the president's wishes in most all respects will be granted. In the meantime mean-time much irregularity as regards price movements will probably be the order of things, but it is highly probable that declines, de-clines, especially in the better class of railroad securities, will attract a buying power of confidence,- now that the companies com-panies will undoubtedly be accorded treatment treat-ment that should improve their status materially. New Yorfl curb stock letter: The brokers and speculative element on the curb were not swayed to any extent by the interests inter-ests which operated to make stocks active on the exchange. Many brokers j were without business and the traders showed little disposition to take a position, posi-tion, more because of the absence of active outside interest than on aceoimt of any uneasiness over tiie outlook. The oil stocks were prominent, ninny in this group showing pronounced strength, and there seemed to be evidence of a growing demand from some important impor-tant quarters. The bull manipulation of Houston Oils was renewed, that stock being be-ing marked up from 44 to -17. Merritt also had many bullish friends who were aggressive buyers and they had little trouble in causing advance from 22 to 24 Vi- Other quotations were without important im-portant change. |