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Show ADVANCE IN METALS REPORTED!! LIKELY J. A. Hogle & Co.. lb'9 South Main street, furnish t lie following digest of financial news received over their pri-vate pri-vate "wires. Twenty industrials 79.60, up 1.05; twenty twen-ty rails 83.43, up .57. New York metals: Lead market strong; spot, $7.30. Spelter, East St. Louis spot, J7.25'ilJ7.40. The New York American says: President Presi-dent Wilson, according to an important copper interest, in a few days will make known the decision in connection with the recent recommendation of the war industry board, that the price of copper be fixed for at least seventy-rive days at the old price of 32', cents. Allis-Chalmers earnings for the first four months of the current year were $2,035,000, and $635,000 of this was made in April. This is by far the best show-inc: show-inc: the company has ever' recorded, according ac-cording to a man closely associated with the companv officials. The Crucible Steel broke ground for a new plant, which is to cost over $2,000,-000. $2,000,-000. Homestake Mining declared the regular regu-lar monthly dividend of. 50 cents. American Amer-ican Securities declared the regular dividend divi-dend of Hi on preferred A and on preferred B. Hercules Powder declared the regular dividend of 2 per cent on common and 2 per oent extra. The break in Chino was caused by fear that the dividend will be cut. Hayden-Stone Hayden-Stone were heavy sellers during the day. The dividend meetings of the porphyries por-phyries will be held today. New York Stock letter: Prices were generally lower. Some strength was experienced ex-perienced in the forenoon, but on the advance ad-vance there appeared to have been in progress quite a little realizing, and as the market progressed stocks felt the weight of the larger supply of offerings. There was not much significance in the war news, but reports were current to the effect that advances will not likely be permitted in the instance of metals to an extent that would offset the increased in-creased freight rates, which will prevail after June 25. - As we stated recently, while prices have held up on the stock market pretty well, still it does not appear to be an .opportune time to take an aggressive stand on the long side with so many uncertainties un-certainties fronting the situation. New York Curb Letter: The curb market displayed a strong tone in the early trading in nearly all important issues, is-sues, making advances In the first hour: then heaviness developed and recessions were noted all through the list in the afternoon. The oil stocks were the most prominent features, those issues making advances of 1 to 3 points. Midwest moved up from 111 to 113, Merritt from 25 to 264. Houston responded to concentrated buying with an advance of 2V4 points to 66'4, but these gains were nearly all lost in the last half hour of the day. There was a strong tone to Chevrolet, which ranged from 124 to 127.- Curtiss was the strongest of the war stocks, advancing ad-vancing 2 points to 37- Aetna sold at 1414 and 14. Mining stocks were quiet. Magma Copper selling at 34. |