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Show :i TMRKET MANIFESTS -STEADYING ABILITY ! ; L A.. IIokIr & Co.. Kiy Sour ii (aln I .stroet, yesterday received the following I l!'j--:-;t of financial news over their prl- I j iiio wiith; I j New York American Central Leather 1 v.:ih unlive, without any marked appre-1 appre-1 ! datum hi m.'irktt (juotatlona. Good btiy-' btiy-' j Unr oi t his stock has been point? on tor I mo inn time. It la said that a total of j it 1 r share has been earned hy company, while tho distribution in ! i Mif tut m of dividends has heen only 1 $-:s.2.". American Hide & Leather con-I con-I i tinned In urgent demand. Insiders are I ' i;ilun higher prices for the stock. Fro-j Fro-j 1 tiirtiony ;ro hnin made that growing In-! In-! : frost will appear in investment cirelea ; ! ; -whh ri'tni io shipping shares from now j on, in view of the blir building program of ! The government as to American merchant j inaiino and the necessity of stimulating : j i ocean transportation affairs to get results i i from foreign commerce. Southern Pa-I Pa-I i cli'ic during the general road unsettle-j unsettle-j ; merit over tho failure to pass the 750,-j 750,-j 1 'Kn.i.OOu relief bill in congresa showed some 1 : w.-nkiH'SH. We bclievo breaks in the mar-' mar-' Uut will offer excellent buying oppor-Hinities. oppor-Hinities. Twenty rails, 83.d, off 1.2;'.; twenty In-I In-I 1 i ilustrial. S5.16, off A?. j New York Air Brake company closes l' , nhtnt to oust CoUhevlsm when atrika j , j threatens. ! i Ignited Eastern declared monthly divl-j divl-j i dend of 7 cents. Stockholders of the t Morritt Oil corporation who met yester-I yester-I ' day in Portland, Me., voted to approve 1 ' , an increase in the capital etock of the j 1 company from $ii.000,00l) to $10,000,000. i ; In VVfill street tho belief is general that ; j tho railroads can bo financed temporarily, i j I'Uliof through private banking channels 1 1 or, in tho event of emergency, througli the 1 , I war finance corporation, j I I steel manufacturers, about 150 of them, ' J i have been invited to attend a conference j March t in New York. It is said that , ' 1 fho manufacturers, while willing to co-! co-! I operate with the Industries board In an ' ! effort. Io stabilize the industry, are op-; op-; i posed to any outside dictation In the mat- J tor of prices. L'onsumers are holding a'oof from tho market, believing that j lower prices are in order, and It Is be- , f ! cause of this that new bookings are loss I y;i t is factory than in February. Standard Oil of California, year ond-, ond-, , mg Peeembcr ol, 10IS, net profits, after depreciation and federal tax, equal to M .V04 a share, against net profits of ?1S.V7 a share in 1017. Tho government began its fight in the I , supreme court today against the Souther! South-er! Pacific to recover oil lands patented ;o the railroad, company in Kern county, California. Xew York Stock Letter Washington , developments of yesterday were again discussed, with railroad shares being sub-lee sub-lee t to further lion idat ion. Conwiderable r s,-:ling in Steel, Mexican Petroleum and ; a few other issues were credited to a . j la ;'.e operator, but it was remarked by floor observers that offerings were taken : in an impressive fas '.i I on and seemingly by subs taut ia I interests. The recession : hi stoek market prices in the last two davs has done much to strengthen a : Technical foundation that had become ' lightly impaired by the steady advance c:' the last three weeks. This market condition ha s been pretty we'l rectified, i ; .ir.d. barring the occurrence of extremely , ;:nf.'.vorah!e developments, the better class ; -v industrials are In a fair way to again ; ' exhibit advancing tendencies. |