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Show COPPER MARKET IS GOITIli STEADY J. A. HogTe & Co. yesterday received the following digest of financial news over their private wires: Twenty Industrials 99.88, up .23. Twenty Rails 80.41, off .12. New York Stock Letter: A movement in the steel group finally got under way today and the steady accumulation that has been going on in the jun ior shares of the U. S. Steel company reflected the ease with which prices responded to an outside buying power. "While strength manifested itself in the steel department of the list, still it was distinctly observable ob-servable that stocks were being distributed distrib-uted in many other portions of the industrial in-dustrial shares. We still believe it the part of wisdom to ad vise tiiose having constructive ideas to confine their activities, activ-ities, for tho present, to the steel and rail group, and at the same time realize on their holdings of stocks that have advanced ad-vanced so much in the past. Atlantic Gulf and W. . declared regular regu-lar dividends of $5 on the common. Ohio Oil declared regular dividend of $L25 and an extra of $4,75. Financial Bulletin: We think purchases ought to con I i uue to be confined to recessions re-cessions in stocks, made cautiously and fair profits taken as offered for the pros- ; cnt. Westinghousc Kleetric, Sloss Shef- j field, Willys -Overland and Tnl ernational Paper are favorites in good circles. Price of New York Stock Kxchange seats climbs to $85,000. International Marine to retire bonds if English tonnage is sold. Tlie tone of the copper market continues contin-ues firm, although buying is in diminished dimin-ished volume. This is regarded as a natural nat-ural lull which usually follows a spurt in buying activities and an upturn in quotations. Since the increase in the dividend rate of Westinghouse Electric there has been an expansion of investment speculation in the stock. Conservative sources have for some weeks and still are strongly recommending rec-ommending this stock, the floating supply sup-ply of which has been materially reduced. Agricultural implement stocks are small. . American Steel Foundry and Ohio Cities Cit-ies Gas are among the specialties in high favor. Another new low record was made for France's foreign exchange yesterday. Notwithstanding the uncertainties surrounding sur-rounding the steel trade there is steady absorption of the steel shares on reactions. |