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Show GOVERNMENT ORDER STIMULATES STEEL Railroad Rental Contracts Expected Soon and of Optimistic Nature. J. A. Hogle & Co., 169 Main street, received re-ceived the following digest of financial news over their private wires. Twenty industrials 78.23. up .35; twenty rails 79.05. up .06. St. Louis lead, spot and April, $6.60ig(6.65; spelter, all positions to end of May, $6.62. Financial Bulletin: Continuation of a trading market, "That wants to go higher but hesitates on the German drive," seems to be on the programme. Good buying Is found during recessions in leading steels and mpporn. Henil-lnvcsttnent absorption Is reported in leading steel stocks. Wool channels show a cautious, bullish attitude on Issues Is-sues like Corn Products. International Paper and Distillers and they may be worked higher. The placing of an JS5,-000,000 JS5,-000,000 railroad car contract by the government gov-ernment with the American Car Foundries should stimulate Its stock and the railway equipments. Town Topics: The big equipment orders are being placed and the steel makers are to go to It In large capacity, solely on war work with a world of orders from all sources that will play llieir part in great steel prosperity long after the war. Steel common shorts are likely to rush that stock towards par. Western Pacific report Tor year ended December 81: 1917, equal to $1.67 a share on $47,000,000 common stock. New York Letter: War news today engendered en-gendered a little apprehension and the market was subject to a moderate amount of prossure. As tho offerings subsided and later war reports suggested no occasion oc-casion for alarm, the market rallied. The action of the market the last month Is strongly corroborative of the belief that stocks, especially the railroads, have been pretty well liquidated and In many cases prices are lower than seem warranted. war-ranted. It is expected that the rental contracts between tho government and the railroads will be announced soon and it is anticipated that the conclusions arrived ar-rived at will be of a sort to impart greater great-er cheer to tho holders of railroad Investments. Invest-ments. New York Curb Letter: Independent oil stocks steady. Cosden selling at 7 and 6; Dixie Gas, 10',4; Houston, 44 to 42; Sapulpa at S, and Oklahoma, 6 and G. Mining stocks quiet with Hecla selling 4. There was a good demand for a number of stocks with the important im-portant movements to higher prices. There was a small business in motors with one sale of Unitod Motor at 25. Submarine Sub-marine Boat was the most Important feature with heavy transactions at 15 to 15. Aetna was steady at 8. There was some trading in Maxim munitions at . Marconi sold at 3 and 3. |