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Show ACTIVITY II RAILS llEJfflllED J. A. Hogle & Co.. 160 South Main street, received the following digest of financial news over their private wires: New York Stock Letter; In the rail department de-partment of the list, activity was more pronounced and the demand for stocks or tills type seems to be nothing more than a belated appreciation by conservative interests in-terests of the accruing benefits which will be served from government supervision. The minor rails were bought in a more vigorous way and the shifting of buying operations to this type of stocks along with other high priced carriers is strongly confirmatory of the growing belief that the shares of the carriers in most instances in-stances are selling out of line as regards the price when one considers the upbuilding upbuild-ing process being stimulated by the government gov-ernment in its present efforts. Considerable realizing was conducted in the shares of companies that until yesterday's yes-terday's session were foremost in the upswing up-swing of prices, but it can be said that the heavy offerings in these shares were absorbed in a rather impressive way. There was no new developments of great significance injected into the situation, although late advices from Washington setting forth remarks credited to a lead-ins lead-ins legislator that no new revenue legislation legis-lation is likelv until next fall, quite naturally nat-urally attracted attention. It seems only reasonable to assume that the railroads will receive in the near future appreciable apprecia-ble increases in freight and passenger rates, at least to a degree that will more than offset increased expenditures and this should in substance improve the credit and the physical status of the American carriers. We feel friendly to the railroad shares, believing that they have not to any appreciable degree discounted dis-counted the beneficial revenues growing out of the federal supervision. New York Curb Letter: There was many indications of profit taking sajes in the market during the trading with stocks generally selling at lower prices, although the street was full of predictions of advances ad-vances being certain in many of the prominent stocks which held in close control. con-trol. Motors were pressed at times, Chevrolet Chev-rolet declined rfom 125 to 124 and United Motors sold down from 25 to 24. Independent In-dependent oils were irregular. Aetna reflected re-flected continued absorption, having a rally to 15. Mining stocks steady with Mason Valley selling at 4. Cons. Copper Cop-per was strong, advancing from 6 to 7. Controversy over the Aircraft situation situa-tion was a handicap to trading in aeroplane aero-plane slocks, no sales being made in Cur-tiss Cur-tiss or Wright Martin. |