Show UP U. S. S WAR VIAR PLANS ARE EAGERLY WAITED BY MARKET Unfolding of Program Is Expected to Have Very Bullish Effect Ry fly Badger Brothers Brothers' Private Wire NEW YORK March 18 The The stock market Is awaiting a a. further unfolding of ot the governments government's war program Collaterally Collaterally Collat Collat- orally It should ultimately have a very bullish effect on securities But pendIng pending pending pend pend- ing further developments at Washington Washing Washing- I ton we look 1001 for little acceleration In the present creeping character of the bull I movement On any return of ot prices to their recent low points we would not hesitate to buy any of the active stocks I We Ve favor the steels equipments and the rails which are expected to i benefit more largely through government operations J. J S. S Bache Co Theres There's persistent buying of the coal coal- ers Buying orders are reported under I the market for both industrial and railroad rail- rail road load Issues in this class The fuel situation situ situ- atlon is held in conservative quarters tobe to toI tobe I be the most vital of ot domestic features I and plans are reported made mace for a record I breaking output of coal this year I Financial News I An important announcement Is expected expect expect- ed from Washington in the railroad situation situation situ situ- this week It may follow or may precede the presidents president's expected address with regard to the Siberian Japanese sit sit- The railroad news will be of a a- favorable character according to current current cur cur- rent It is gossip estimated in conservative c railroad circles that there will be spent this year vear yearby yearby by the tile government nearly for rolling roiling stock equipment for the railroads rail rail- roads whose traffic will be handled with greater and greater reater expedition with the taking over of Dutch ships and the steadily stead stead- fly ily increasing output from many Amen Ameri American can shipyards Financial Financial News American Smelting company has carrica carried carried car car- I ried rica to Mexican l supreme court Its fight against a production tax of arbitrarily arbitrarily arbi arbi- levied C. C L. L Baker division manager manager manager man man- I ager has has arrived in New York for conferences conferences conferences con con- with company executives He lie expressed opinion that the state officials would let the matter drop when they found the company compan was waS' determined in its opposition to the tax Dow taC Dow Jones Sinclair Oil company has advanced Its Us price for crude oil 25 cents cent a barrel to 2 25 This Is the tho highest price ever posted nested for crude oil and reserve reserve stocks are arc being drawn on stead stead- ily News The rhe market opened generally higher on small volume There was no Important week and developments Money statement statement state state- ment ot of the New York clearing house banks banks banks' was fair and In some quarters lower rates for call money were expected ex ex- I The ed market marlet v Is S s expecting early word from President Wilson on the Russian situation and the Russian peace treaty Is Isto Isto Isto I to come up for discussion In the tag tae Tuesday ay A London dispatch states that the Russian fleet in the Black sea has escaped the Germans and this is I viewed favorably Dow Dow Jones lones Money conditions and the Liberty loan will likely work against anything but moderate Improvement Pool Interests continue friendly to the the rails especially Reading and Erie There will lI likely ellra continue to be crosscurrents crosscurrents cross cross- currents u e s In t the trading 1 General Electric and Canadian Pacific look to be selling too high on present money conditions although the short In Interest Interest interest In- In terest In Canadian may keep it temporarily temporarily temporarily tempo tempo- I strong There seems to be room for Improvement Improve improve- ment In the lower priced Industrials Distillers and Rubbers I think should I be bought around current prices High prices talked for Baldwin Toomey |