OCR Text |
Show IIETC01TI1B to m mm J. A. Hosle & Co., 163 South Main street, yesterday received the following digest of financial news over their private pri-vate wires: Twenty rails S3.53. up .43; twenty in' dustrials S8.S6, up 1.21. Financial Bulletin: An outstanding feature fea-ture of present bullish activity in the industrial in-dustrial section is that the outside element ele-ment refuses to be shaken out by professional profes-sional attacks and reactions. We look for a continuance in the trading market within a range of a few points, with specialties bulled by pool sources. The statement that the tobacco war is over is followed by rumors that the tobacco to-bacco issues will be made a strong feature fea-ture of the stock market next week. There are reasons for believing that conservative interests have been accumulating accumu-lating Railway Steel Springs. It is also stated in specialist quarters that offerings offer-ings of this stock are small and it responds re-sponds easily to real absorption. Willvs-Overland earned $2.o4 a share on common In 1918, against $3.16 In 1D17. Dun's reports 132 failures in tho United States this week, against 141 last week and 213 a year ago. Great Britain is to outer the oil business busi-ness on a large scale to merge British holdings, with the view to absolute control con-trol by the government. A petroleum ministry may be created. While it is exoected that the General Motors insiders will take over the Maxwell Max-well compam' and the Chalmers, it is not believed that these companies will be a oart of General Motors. They may be taken over mid passed on to the stockholders, stock-holders, just as the Tobacco Products company took over aid passed on i'nu Morris. t, . , Vmeriean Hide and Leather end Central Cen-tral Leather -will, under the new federal fed-eral laws, pool their issues in making purchases abroad. This. may result m a formal-combination, as the companies are not competitors, the one dealing in sole leather and the other in upper. The Kellv-Springfielcl plan of paying sto''k dividends of 3 per cent quarterly, cash dividends being continued meanwhile mean-while gives a, cumulative value to the slock that is likely to keep Wall street traders guessing. .It is hinted in the pfcet that large rail orders are to be placed iu the next few weeks, and this is expected to benefit Lackawanna fcteel Sroni Products declared the regular dividend of I"! per oe"t on the preferred Stock in the new Lulled States 1 oork Products corporation will be ready April 15 for exchange for stock of tho Distillers' Distil-lers' Sectirllies. Swift International stock acted as thoueh tho unofficial imports of earnings of "0 a share on the $15 par value stock might be correct. The issue sold around Atontfoifhas been called to Sinclair Gulf company's big concessions in costa Rica and Pan-America since he coin-panv's coin-panv's Plans to supply fuel oil to vessels plying the Fan-American canal were announced, an-nounced, the company will be In a good positidlis for marketirig oila In South A There " was quite a little proflt-taklns going on in United States Steel. Specialties, like General Motors and Industrial In-dustrial Alcohol, are being bought W substantial people. United States mills get rail orders from British makers. n Logan & Bryan say: Vo still continue to believe that the general trend of security se-curity prices will be found to be upward, in ahtieioation of a pronounced revival in all lines of .industrial and commercial endeavors. |