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Show EASTERN MARKET IS HEAVIEST IN YEAR J. A. Hogle & Co., 169 South Main Street, received the following digest of financial news over their private wires: Twentv Industrials 84.04, up 1.83; twenty twen-ty rails S4.39, up SI. St. Louis lead, steady; $6.65. Spelter. 57.37. General railroad earnings for first quarter of 19 IS were $71,705,000, against $179,431,000 last , year. Butle & Superior earned first quar-ter quar-ter IflS $1.93, against $8.65 last year. : Willys-Overland is planning on competing 1 with the Ford. British syndicate bids for Mercantile Marine company's ships under English 1 flag. Davis-Daly declared dividend of 50 cents, payable June 89, record June 3. A bull point that is being given consid- i era-ble prominence in many conservative circles is that the circulation of money j is greater than at any time in the history of the nation. Lehigh Valley is being picked out as one of the better coalers. Conservative channels hold that the prices of railroad stocks will be based upon the three-year earnings guarantee, rather than upon any other factor, or upon the earnings of 1917 or during the present year. Financial Bulletin: Railroad stocks., especially es-pecially coalers and the low-priced issues, continue to hold the speculative directions. direc-tions. The electric specialties are well taken. Reading is strongly bulled by a speculative element. Mid vale is a f Ivor-It Ivor-It e with certain pool interests. New Haven should be taken on all recessions. We would not climb after Baldwin, but would buy on setbacks. The character of the buying in Pierce-Arrow Pierce-Arrow stock for some time past, combined com-bined with information as to the profits for the company in war work, to say nothing of the piling up of orders to be filled after the war, are causing well-informed well-informed interests to look upon the stock as likely to be the leader in the motor Issues, and to pay higher prices for It during the coming summer. New York Stock Letter: Dealings in the stock market today were the largest recorded in the past year. Public participation par-ticipation was large, with bulk on the long sdie, especially in the forenoon. Later profit-taking invaded the market and erased gains. No new developments were disclosed today, and the factors that have been so much dilated upon recently were retired with the broadened demand for industries that are making good profits. . It is hinted in some quarters that occurrences oc-currences at Washington in the near future fu-ture as regards railroads will be of a sort to encourage investment, of capital on a still larger scale, with favorable results. Upward tendencies have been made and in some cases were extremely rapid, and realizing movemer ts may assert themselves them-selves for the next few days, and when least expected. Also developments in the battlefields may alter the altitude to some extent. Heavy profit-taking In the afternoon after-noon caused the market to close near the low of the day. New York Curb Letter: Curb dealings we le large, with a sharp demand for stocks throughout the session and. although- declines were numerous, there were no weak spots Buying orders came in on a large scale on the reactions. Most interest was attached to dealings in the war stocks, with Aetna ranging from 15 to 1R?4, while Wright-Martin moved up to 11. Curtiss was active, selling at 37 down to 35&. Submarine reflected renewed re-newed activity, advancing from 18 to 19. Mining stocks were fairly active. Magma selling 35 to 37, Consolidated Copper 7 to 7, and Mason Valley at 4;. Strength was shown in many of the oils. Standard issues were 5 to 10 points up. and Midwest Refining, the-most active of the independent group, rose from 114 to 119. Oklahoma was traded in at 7 to 784- |