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Show TECHNICAL POSITION OF IRE STRONG J. A. Hogle & Co.. 1G9 South Main street, received the following digest of financial news over their private wires: New York Stock Letter: The stock mjirket trading was on a week-end even-ing-up hasis. Floor observers commented on the apparent scarcity of offerings, and this to some extent.' encouraged the belief be-lief ' that the technical position of the market is somewhat stronger. Initial discussions and suggestions at Washington in respect to the taxation program suggest that the impost to be levied on corporations and individual incomes in-comes will undoubtedly be very large and cut rather deeply into net results. On this Iheorv it is presumed in some quarters quar-ters that dividend disbursements of many of the leading corporate enterprises will not be. as large as heretofore, and this, quite naturally, tends to dampen bullish enthusiasm in the stock market at the present time. , , Of course, in the event of exceedingly favorable war news, the market would probSily respond in a ready fashion, but, all things considered, the greater part of wisdom seems to dictate that buying operations op-erations should not be conducted in an a'-'aressive manner at :he current time. "S'ew York Curb Letter: The heavy dealings on the .curb were in the motor stocks because of the general understanding under-standing that the output of all the companies com-panies will be taken by the government. The facilities will have to be employed to the fullest extent possible to meet the requirements for -war materials and equipments generally. Mining stocks were quiet but firm, and price movements were' nominal. There was some trading in' the oils, with Houston selling at a new high of 63. Merritt sold at 26. |