The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-04-25
FinancierS Decline To
Take Rumors Seriously
Decline IN the STOCK lGArfst Technical
Rather Than Due TO Foreign
situation

NSlptc.ai 70 tldeuty Investment Ass nd
NEW YORK. April 2t.-New York FL
pencial News bulletin says: Specialist
ana offce advices suggest that long
..,rss n mas been coming out on rallies.
liquidation has run it's course" says a
private wire from an important source.
sentiment about the street and ON the
board reflects very strong determine
ton TO accept facts only in the German
american crisis. Newspaper reports OF
an unofficial character are not taken
at face value. There Is n notable ten
dency to await Berlin's official stand.
The fact that many good stocks are
really worth more now than they were
two or three months ago. yet are selling
lower. ~ being quoted In private bank
the stock market il technical rather
than due 60 the German and Mexican sit
uations. except where fright OF individ-
uals has caused unloading.
The facts that the surplus reserve OF
the New York banking Institution has
decreased S5s.0oO.0e0. as compared with
a year ago. while the expansion in loans
has been approximately billion. are
leading conservatives source TO Inquiry
-Mhether or not the money situation may
not have played a big par tin the set
back
Philadelphia says: Reading has or
dered $4,000 tons OF 1O0-pound steel rails
Tor 1917 delivery. The order IL dIvid-
ed among the Bethlehem. Carnegie. Lack
panies. Amount previously ordered for
delivery In 1916 vas 10000 tons.
o
Dow-Jones says; Judge Aiorchauser
IN the State Supreme Court dismissed.
on the merits. complaint In an action
prought by Clare nee L, Nenner against
and others. seeking to set aside the re-
cent consolidation of the New York Gem
tral and the Lake Shore. and TO disrupt
the New York Central system.
Washington says: Feeling in official
circles naturally is hope ful because OF
the belief that n she so desires Ger
many can extend her regulations gov
erning her Mediterranean warfare 10 the
meet tho views OF the United States. II
Is authoritatively made plain that IN
Germany viii meet the views OF the
United states relative TO curbing ac-
uons Of her submarine commanders she
VIII md that the United States will meet
her hair way I'm negotiations that must
follow FOR the purpose OF determinfng
Just what - and what is not legal in
submarine warfare
Dow-Jones says: Incoming business
or the United states steel CORPORATION
since the FIRST Of the month has been
= running wei above 10000 tons "A day.
This indicates that April unified ton
mage. To BE- published on May 10 will re-
veal substantial Increase Internal IonoI
complication do not seem to have af-
tected the demand FOR steel Ia the least
The directors 81 the United States Steel
corporation Will meet Tomorrow for div
idend action. Regular rates on IN. com
Llon and preferred issues are looked for
The earnings viii establish "a new high
recnrd. ~" estimates ranEInE around
sbO.uou.ot0. This would h. nearly 50
100000 in excess of the previous high
record of sj1.232.INS. established i'm the
last quarter OF 1915.
now-Jones says: CRANKY Cons. Min
lns. smelling and Power Company. in
March. produced 3.355.fl1 pounds OF cop
p"r. compared with "a product ion of >
eSo'2s' pounds in February.
The Standard OH Conpsn,. Of t,,,,,,,.
mas declared 'he regular quarterly divi-
demo Of u"r cent. PAYABLE Nav > TO
STOCK OF record March 81.
Dow-Jones SAYS The V T. Goodrich
COMPANY is now turning out over IL
N"o autofn ohiic tires day This com
par"s with last years record output OF
10000 tires q dsV Sales IN ain d.rart
ments of thu Goodrich cor,p,,,,, ~ 81 "a IL
year to date have increased 80 per cent
over "a year ago.
Dow Jones SAYS: Tho Russian govern
ment has 30 b. understood through
Great Britain. Instructed New England
Nestinghou~" to begin shipment ~ RI
u'S lhe hr-f official announcements OF
that development Will probably H.. CON
famed In the statement issued when tho
urSt ShlpfnH I' uf rifles ~ made New
England Westinghouse COMPANY h. "a
-Westiughouee Electric TO handle tho con-
tract received from the Russian govern
un'nL tSr 100000 rifles. The gross
Naie, OF ~" contract IS approx irnateIy
az Dow -J S9n SAYS. =. r. Erskins. pres
asked about Tho affairs 81 tho CONN
stated THAT fho sales 81 ntrornobiIes ror
the quarter ended March 81 were Is 500
against 1900 during The same period "A
year "a Eo. o. gain 81 IS per cent. s1t from
regular business and not from war or
dcru