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Show EARLY MiET G 1E ERASED LATER American Telephone and Telegraph W eakness Has Unsettling Effect. J. A. irogle & Co., 159 South Main street, furnish the .following digest of tinancial news received over their private wires : Chicago Herald : Sales of the United Cigars Stores company in the first two moniiid of 1917 ran around ?8Di) 0(nj ahead 01 the corresponding period of19n'. Of the increase, 5W,u0iJ was attained in February. It is understood thai the Willys-Overland company has just closed a contract with the government for $10,00n,0uo worth of .shells. The company now has a total of ?50,(j00,OOo of government orders on its books. A New York wire says: The right people peo-ple have been pic-king up Baldwin. Big hue rests are very bullish on the rail situation and are steadily buying railroad rail-road stocks. Also, it says that when Japan announces she Is going into Siberia Si-beria to check Germany in the east it will ho a big bull card. Pittsburg U'est Virginia common is stronger on dividend prospects and the expeclHtiqn of material increase in bituminous bi-tuminous coal prices in the Pittsburg district. Look for higher market on American Locomotive, American Car & Foundry and liaid win Locomotive. The New York News Bureau prints a Montreal dispatch stating that Canadian Pacific will have to shoulder new tax burden, which is responsible for the selling sell-ing in that Issue. Dow Jones says it is worth noting that the stock market again is watching Russia Rus-sia as a factor in trading. Apparently the stock market sees some comfort in the fact that the Japanese are likely to intervene in Siberia. United States Rubber company has bought the plant of the American Locomotive Loco-motive company at Providence, R. I. It is understood the purchase price was something under $500,000. The annual report of the California Petroleum company and subsidiaries for 1917 shows a surplus of $1,278,496 after all charges, against $996,174 in 1916. Prairie Oil and Gas quarterly dividend is $3 and an extra dividend $2. Phelps-Dodge declared an extra dividend divi-dend of 55.50 a share, in addition to a regular quarterly dividend of $2.50. The American Agricultural Chemical company's regular quarterly dividend of per cent, both on common and preferred, pre-ferred, is announced. Strength in Chesapeake & Ohio today Is duo to buying on the belief that it will go 5 per cent or possibly 6 per cent higher high-er at the next meeting. Gross business of the Goodyear Tire & Rubber is running about 40 per cent heavier than a year ago. learnings of Sloss-Sheffleld in February Febru-ary Were $400,000. Sinclair Oil started operations through its new 800-mile pipe line from Oklahoma and Kansas properties. New York Stock Letter: The weakness in American Telephone & Telegraph had an unsettling effect on the general market mar-ket in the late dealings, with the result that initial gains for the most part were erased. The selling in Canadian Pacific was ascribed to the Canadian railway board ruling, which, in substance, suggests sug-gests that that company will be shouldered shoul-dered with new tax burdens. Notwithstanding Notwith-standing the ratification of the Germany-made Germany-made peace by the Russian powers at Moscow, the market displayed exceptionally exception-ally good formy and it is taken to emphasize em-phasize very strongly the firm technical position of the market in general and the strong probability of a vigorous response re-sponse should occurrences of a constructive construc-tive meaning other than those already disclosed make their appearance. New York Curb Letter: There were irregular ir-regular movements in the Broad street curb market today. During the day the I majority of the issues in supply de-1 de-1 clined. 'Most interest was attached to the i trading in Aetna, because of the pending con I est for control and efforts to reorganize reor-ganize the property. Those concerned in the reorganization were buyers on a large scale, putting the price up from S1 to above 9. There was unexplained weakness weak-ness in Curtiss, which dropped to 35. Wright-Martin was again traded in at 1 and S. The motors were fairly well held, with Chevrolet advancing from 117 to 119, and United Motors was traded in at 2 and 2SV2. The independent oil stocks were generally gen-erally heavy, with Oklahoma selling at '7. 'Merritt at 19Vs to 19, and Sinclair Gulf at 17;i.'i and IS. Mining stocks were steady, with Cobalt issues in good demand de-mand and La Rose selling at and Mc-Kinley-Darragh at 45 to 47. Big Ledge soli! at 1U. Submarine was steady and United States Steamship sold at 5 to Russian 6s were strong at 42M;. |