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Show i few timid longs Nhcfjoloiss No Significance Attaches to Selling and Ready Buying Buy-ing Power Evident. j. A. Hogle & Co., 1fi0 South Main stifct, received the following digest of financial news over their private wires: Twenty industrials, 78.61, off .1:6; twenty twen-ty rails, 79.S4, off .27. gt. Louis lead steady, B.oT.e; spelter steady, 6.65c. St. Paul railroad earned $o.Sy a share on preferred stock in 1917; surplus for dividends for year, $4(4GS,63I; decrease of Jll.599.6-9 compared with 1916. Inspiration Copper produced for April 9 250,000 pounds of copper. Financial News: Colorado Fuel is reported re-ported bought for important interests. Wealthy ien are said to have taken a considerable line of the stock in the past few months. The property is being made over into what promises to be one of the beat steel makers of the country, and is expected to rise much higher. The floating float-ing supply of stock is smaller than at any tfme in years, and it responds easily. In some part of the street it is held that industrial stocks are advancing to discount what are expected to be good earnings for the present quarter. This avr& particularly to metal issues. The I Jhure railroad list is approximating a real -yirivestnient, says a f$)od authority, who holds there are many bargain offerings and that they are not likely to be available avail-able very long. New York Central, Union, Southern, Atchison and Southern railway preferred are being recommended by conservative con-servative private banking . interests as purchases. We regard the steel outlook as the most promising of any trade, and would buy and hold standard metals here, says a leading slock exchange member. New York Stock Letter: In parts of the stock list there was a moderate amount of pressure, offerings being reported re-ported with an apparent desire of the more timid longs to reduce lines at the week end. There was no significance attached at-tached to the selling and a ready buying power seemed to be in evidence, especially in the steel group. Distillers exhibited exceptional strength and at the company's dividend meeting, scheduled for next week, it is expected in some quarters that the stock will be placed on a regular S per cent basis, or probably higher. Realizing sales late yesterday yes-terday and today served to improve the technical foundation of the market, and, barring unfavorable occurrences over Sunday, Sun-day, it is quite probable that a resumption of "the buying movement which asserted itself In the early part of the week will again take place, more conspicuously so in the steels, where it is felt prospective betterments bet-terments in earnings will assure a rather liberal dividend policy. New York Curb Letter: War stocks continued in crood demand. Aetna advanced ad-vanced from $- to 10, Curtiss active and strong at 34 to T'ntted States Steamship strong at 6; Wright-Martin steady at 9 to 10. Burns Brothers sold at 25V&, Sapula sold at S. Another black spot was placed on the curb record in the collapse of Jerome Prescott. That stock had been recently marked up to $9 without reasons and was traded in yesterday yester-day at 6V&. This morning is sold at . an absolute collapse in the market, and was not wanted at that price. Submarine QUifiLat 15M. : Chevrolet was weak, drop-I drop-I jjPT from 120 to 1 IS. |