OCR Text |
Show ACTION 01 0. P. HIS STIlliTIi EFFECT Inquiry for Railroad Stocks Increases, Hogle Telegram Tele-gram Says. J. A. Hogle r Co,, 19 South Main street, received the following digest of financial news over their private wires: Twenty industrials 7$. 73, off .25. Twenty rails, 79.0tJ, off .32. American Smelting advanced the price of lead from to 7 cents. Spelter, East St. Louis, February and SI arch, offered 7 is : lead, firm : spelter, quiet. Xew York Action of Union Pacific directors di-rectors in placing the junior issue on a 10 per cent annual dividend basis is having hav-ing a cheering effect and quite naturally stimulating inquiry for railroad stocks. Steel trade comments on relief brought to industry by milder weather aaid im-p im-p ro v ed ra i 1 wa v tra n sporta t i on . Chicago Tribune: Although the price of prime western epelter has dropped to 72 cents a pound, a figure so low as to force the closing down of many high cost operations. Butte & Superior is understood under-stood to be' earning better tlian $125,000 a month. This is equal to $a per share. A large output from high-grade ore explains ex-plains its ability to dhow a profit where others fail. The American Can company reports for year ended December 31 a balance available avail-able for the common stock after all de-duetions de-duetions of $o.30iu;74, or 12. ST per cent on the outstanding shares, against $5,076,-650 $5,076,-650 earned last year. Net earnings before- depreciation, 'interest charges and reserve re-serve for taxes were 5-1, 095. 0-13 vs. 11,-OiU.OoS 11,-OiU.OoS for 191rt. Application has been made to the New York stock exchange to list $3,000,000 additional ad-ditional common stock, of the Continental Can company. Canadian Pacific, first week of February, Febru-ary, gross increase, J2i'6.00n; from January Jan-uary 1. gross increase, 000. In contradiction of recent reports that the U. S. Steel company was operating at about SO per cent of capacity, it was stated by an authority t od ay t ha t th e company is actually working at something some-thing in excess of 50 per cent. Financial Bulletin: "T.ile the complete collapse of Russia is a distinctly unfavorable unfavor-able factor, in that it will tend to pro-lone1 pro-lone1 the wa r by w ay o f re or i n g German Ger-man morale and providing the Teutonic empires with m uch needed food supplies, the peace overture of President Wilson to A ust ria, via congress, may in trod uce a sentimental camouflage in that connection. con-nection. The mild weather and fuel developments, de-velopments, with evidence of inereasing modification of railroad congestion, are being ranked as favorable features in channels friendly to bullish special t y activities, ac-tivities, and latest information on Lias ton Wiliiamf. American Car Foundry. American Ameri-can Locomotive, Harvester of New Jersey, Allis-Chalmers and Crucible is indicative of attempts at further elevation of prices. Good buying is reported from important market channels to be found in American Ameri-can Smelting on all reaction. |