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Show MIOO'S STATEMENT STRENGTHEN MARKtET J. A. Hogle & Co.. 169 South Main street, received the following digest of financial news over their private wires: Twenty Industrials, 78-16 up .65; twenty rails, 79.24 up .56. St. Louis lead, dull and weak, at $6.50. Spelter quiet at $6.60. Tennessee Copper earned $4.56 last year. International Harvester company of New Jersey earned $29.77 on common stock against 21.45 in 1916, a new high record. - Dun's reports 905 'failures in United States in April, with liabilities of $14,-271,849, $14,-271,849, compared with 1142 in March, with liabilities of $17,672331. New York Times: In the local silver market it was reported yesterday that the government was buying, the accumulation accu-mulation being the first since the price was fixed at $1 an ounce. Canadian Pacific declared regular dividend divi-dend of 2hi per cent, payable June 29; record June 1. Dow Jones says: The keynote for the market, as observed In important quarters, quar-ters, is to be found in S-ecretary Mc-Adoo's Mc-Adoo's official statement explaining loans to the railroads. The paragraph which attracted attention was: "With the Liberty Lib-erty loan subscription fully placed it is to be hoped that a ready market for other securities will develop shortly, which will enable the railroads to provide more satisfactorily for the present and the future needs without relying on the government's aid. New York Stock Letter: Activity today to-day centered in steels, rails and coppers, with price tendency during greater part of the session in an upward direction. Prospects of other large earnings during the current quarter in the steel Industry, Indus-try, as suggested by the March earnings earn-ings of the Steel Corporation, contributed to increased demand for the steels, and the class of buying that was in evidence In the shares of the United States Steel and Republic Iron and Steel was considered consid-ered to be of rather impressive kind. Reported treatment accorded some of the carriers recently by the government, in so far as money advances,, etc., Is concerned, has prompted more cheer among holders of rails, and at the same time has stimulated a better inquiry for this type of shares. It is expected in the near future an announcement regarding the fixed prices on copper will be made, and same will probably record a revision upward to slight degree. Expectations of such procedure pro-cedure was chiefly responsible for the later inquiry in the copper shares. Except for the reported English estimate esti-mate placing Germany's losses, since the-big the-big offensive on the western front started, start-ed, March 21, at 900,000 men, there was nothing of great significance In the war news of the day. Prospective occurrences in the railroad situation are more than likely to be of a kind to promote cheer in the situation and Impart a degree of firmness at least to the general stock market- |