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Show PEACE MOVES CHECK PRESSURyF f J. A. TJoglo & Co.. 169 South Main street, furnish the following digest of financial news received over their private pri-vate wires: New York metal market: Lead, spot, " U fc-7 ; February and March, 7 bid. S pel" ter, East St. Louis. Ttfi'S: February and March. . Lead, iirm. Spelter, quiet. Twenty, industrials 75.02, up .49. Twenty rails 77.71, up ,08. ! New York News Bulletin: Increasing peace tendencies along the lines of Austrian Aus-trian dissension are having the effect of checking professional at tempts to lower the stock market. Offerings are being withdrawn. It is said, on the floor, and buying orders are reported accumulating under the market on a scalo-down. Investigations In-vestigations show evidence of good buying buy-ing in American Smplting, Tobacco issues, is-sues, American Beet Sugar, Baldwin Locomotive. Lo-comotive. Corn Products, Mexican Petroleum, Pe-troleum, Reading and Distillers. Financial Bulletin: Disappointment is likely lo be experienred over the failure of the German chancellor's speech to make any specific reference (o general peace and the lack of confirmation as to the- A ust rian revolutionary rumors reported re-ported by Petrograd, but 1 be general list continues in a trading position, with special spe-cial stocks favored by pool channels and, until something more definite develops. it is expected that fluctuations will be of the backing and filling order, with professionalism pro-fessionalism dominating and operating for small turns on both i-ides. It is expected expect-ed that holiday tendencies will now set in on account of the closing of the stock exchange from Saturday noon until Tuesday Tues-day morning and an evening up of contracts con-tracts would probably operate for irregularity. irreg-ularity. Dow Jones says: Canadian Pacific from January 1, $7,035,000, increase .15.000; Texas & Pacific from January 1, $1,253. 4S5. increase $6845. Directors of Bethlehem Steel corporation corpora-tion scheduled to meet next Tuesday to declare dividend, including dividend on the common "A" and "B" stocks. New York curb letter: The curb market mar-ket reflected the influence of the constant con-stant talk of peace prospects in the diminished di-minished interest shown in war order stocks. Transactions were made in only a few issues in that group, the buying being without vigor and the selling generally representing a steady withdrawal of outside out-side speculation. About 2000 shares of Aetna were traded in at 6 to 7i, and a few hundred shares of Submarine sold at mfe to 12. Wright-Martin sold at 6 and fi;&, and Curtiss at 27. The oil group, however, developed strength, with Houston Oil, the most important im-portant feature, advancing 3 points to 51. Cosdcn was In good demand, selling at 7 to 74. and Oklahoma Producing sold at 714 and 'Vs. A good deal of interest was attached to another low-priced oil stock. Central Oil, which is expected to start trading on the curb tomorrow. The company has large properties in Mexico, with only a small amount of shares outstanding. out-standing. Motor stocks were also strong, Chevrolet Chevro-let advancing from 108 to 112. Mining stocks were irregular, with Consolidated Copper Mines selling at 5 to 6, and Big Ledge sold at . New York stock letter: Many are inclined in-clined to withhold opinions with respect to the remarks of the German chancellor until the full text of same is obtainable. Nevertheless it seems to us, as expressed in today's disnatches. that from the data in hand the deduction can reasonably be made that the central powers have finally : reached a stage where they are beginning to realize that the terms of peace, when it comes, will not be dictated in large part by them and that a distinct revision revi-sion of their ideas as heretofore expressed ex-pressed will have to occur. Of course, as is usual under conditions of that sort, the initial proposals represent repre-sent extreme views, but now that it has been revealed that various views are held in common by both sides, it is not unlikely un-likely that before long the proposals will be forthcoming to promote a general peace parley. The stock market today for quite a time was dull and uninteresting, but in the afternoon rather pronounced strength developed in the rail department and also In motors. It strikes us that the stocks which will benefit mostly from a cessation cessa-tion of hostilities are the oils, fertilizer stocks, shares of compan les manufacturing manufactur-ing farm implements, equipment compa nies and the railroads. Also the motors and tobacco shares. The function of the stock market is that of discounting coming com-ing events and if It is waited until peace becomes a reality before making purchases, pur-chases, the present levels, no doubt will have discounted that event, and we believe be-lieve that advantage should be taken of the current level to make purchase of the stock of the type described above. |
