Show AN ANE E VIEW Of WALL MALL STREET j I curRy market is upsetting all alltia tia t I understand disappointed nearl nearly a million shares Selection election week Yet speculation many issues reached top price year rear and the most experienced were amazed at the markets market and lind scope The answer Is that country recognizing that bual- bual prIces prIces' are based not on politics e war is bullish North South East and kUlie stocks sold by speculators Wion a and a half to two million M fn ea ena e been the rule l since e J business keep u up from the attitude of the public n ne he Of trading not only promises b but t. t to increase People have such a prosperous year ear interested in iii securities ties specula- specula larger aI-larger extent than for tor a de- de 5 than that the Die men who make makeI I the Fricks the Rockefellers the b lit the the Bakers i a and followers are nth their lr specialties and the fil fi- fi l l I nd ad Industrial outlook In the tho 11 tales tates Some of these leaders sold following follo the election I am informed have been and the capitalists capitalist InI in I feel about as they lid did id before the that the real foundations of in- in inthis this side of the Atlantic are the nary conditions on the others other s' s to say that t Europe is still stilli I. I Clever i dependent fi on us for food G ary supplies p even Germany a with Is fl figuring to some exO ex- ex O customer Evidently leaders of ISet place captains of Industry j realize reaUze more mort now than th they f ago aro that this means conf con- con prices i for steel copper grain In f l dJ ti od manufactured f r p products s ge gen gen- m id continuance also lo of a prof And sa r 1111 1 large railroad earnings Jn Likewise thy of prolongation of active Imes and for standard stocks roads 9 and industrials very much I than have ever eyer been e. e the railroads at the moment I 10 ban of the labor unions ened strike But their trou- trou be ironed out and when that prIces ces bem being relatively low and andl n large r stocks Inon in l on of to the market k will t come into with the war domice dom- dom luence uen ice e industrials may be ex- ex forge rge ahead The steels thed the d the stocks I am rue me critics critiC's claim to bo be too high If another year of Ahead there I gito o discourage the View that'S that S 5 will 11 fare as well welt In earnings I twelve months as they have In this ca cas case e it ft seems ile t that t their going prices at tt et lt t wit t date e will f look low Ipley y is pessimistic n. n S. S Lovett 1 Fred al also o takes raging ring view A A. H. H Smith Is lUch but the earnings of his the others e e for t them them- I lere are the tl tle heads of fg four r great t tI tt t I t the Union Pacific I nd I the Ne Net v trIng York rIng Central all i. i make ke the best of the Adamson Adamsons 4 s though hough ibey bey le leen are en fighting g gt In 5 till it c can be ascertained t the Meanwhile l the head CI Cl 1 threatens a nation wide law is not upheld and boasts Json son Is with us Not a very S l 1 n m for or the stock stock- k may not be so hope- hope seem an advance in freight among the tWe possibilities the tho C hopi ng for tor may turn protection protection- friends of Senator Underwood present t t iff law say that omea ome down to brass tacks th the will have hun him to reckon with with with- I IU never stand for an increase after rafter the waP B too is Is' I greatly I. opposed to any increase rift riff to lo prove prevent nt that Inflow of goods good i many manu manu- I 1 think after pe peace l-ce l Is hel believe the movement nt in coming either and andon w on tV the thi fact that all the sf st but bui s specially Germany loner loney one will rush exports in iii inet et eL it H. I lg ig Itell tell company is lo to be h lit h Northwest to compete I won nion and Postal In the feld was announced Saturday Wt Hill president of the Great are I to form a corporation to control miles of ot telegraph lines he said Only tentative arrangements have been made thus far The new company will enable the railroads to use their own wires poles and actual fuir men cost s and d handle railroad business buness atThe at The The railroad companies affected are the Great Northern Northern Pacific Chicago Burlington Quincy and Chicago Chica Chica- go Milwaukee St. St Paul Others may Join loin them later Chase National bank is shipping American gold coin to to London This Is the fifth shipment of ot the sort Bort made In the past several weeks all aU of which have been for account of ot a London bank Total amount thus consigned Is now These TheBe remittances of ot the metal have hav been made on instructions instructions' received from London London London Lon Lon- don and have been in the nature of or special ape ape- ci cial transactions North o inia American M n Pulp Paper company has made a proposition to several NewYork New NewYork York newspapers for establishment of ot amill a amill mill at tidewater with a capacity of ot f tons dally daily The plant is to 10 b be erected and In operation by January 1 1918 provided pro pro- vided newspapers agree ree to assure sufficient I dent clent tonnage e for a sufficient length of or time to Justify A banker who has long been one of the ther largest r stockholders o in the h Cramp Ship ins Engine company says s sR Rumors R have been flying lyIng about that this and that buyer buy buy- er was in the market to acquire the Cramp Ship Engine company As a matter of fact I feel confident that control control con con- of ot this property is not for sale The property Is a good one and has hag a lively chance chance If carefully af l handled dl o of emerging r from this war situation a to as a permanent 10 per cent stock wl I sincerely hope that the management manag-ement a will have the courage a to resist s dividend pressure for several years longer that and funds will be turned back Into plant account ac ac- ac- ac count or used to lo eat Into the present rela rela- tI small al bonded d debt of People o do oR not seem Ot to realize k hat 2 that for the three years rears up to December last Cramp averaged to earn Just a trifle less than 10 per cent a year on its stock This year It should earn 20 per percent percent percent cent to 25 per cent and there is Js a a. very good chance n that a the property during the t me i ui next five years r wilt will accumulate t 10 per share for Its stock This means not only retirement of bonds but the placing of the company In a situation where regular 10 per cent dividends can be assured It is a peculiar fact that the lumberman lumberman lumberman lumber lumber- man is the sole exception tot he prosperIty prosperity prosper prosper- ity which is rampant throughout the country Federal census statistics show that lumber prices es based on the figures received by the manufacturer were 10 per cent less es In 1915 than In 1906 an an actual actual- loss in the ten years which have marked the greatest advance in commodity commo commo- l prices fl rl In the ie history of the nation I Iper In almost o every other line y This ei is the upper upper up up- per millstone The nether Is the rise in inthe inthe the cost coat of ot supplies for the lumber camps which range from 30 per cent to toper 50 per cent In th the the- past year to say y noth noth- log ing of the increase in wages wales The p problem of the lumber in industry l however Is ng not tt t that t of getting m more for the lumber b but t of utilization of gEe f the waste waste a waste chiefly due ue to the paces paces- necessity city sity under inactive market conditions of merely skimming the cream of ot the forest to raise money quickly The price at which a group of ot American copper producers In September sold old pounds of copper O on op-i one order to tc the allies was wa-s at first sta stad at 27 cents and later at around 26 c One of 01 f the producing companies a party to the sale aale states that the price was 25 cents net cash Copper is la usually sold thirty days the shipper paying cost of ot freight to consignees consignee's con- con 91 signee's nE e warehouse |