The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-09-30
STOCK MARKET HAS
ESTABLISHED RECORD
yorrth Successive week Bounded Out In
which Sales ware Over MIL
q I.AadA-

NEW YOpN Sept. Dealings "n
the stock exchange to-day: roonaeu cuS
the fourth successive week OF i've ttit
sessions each and one week end or TWO
hour sessions in which tranSacthhs
reached or exceeded one million shares.
This Is O record without precedent since
the years which marked the nlany nuSe
industrial combinations and mergers. IN,
Guiding that OF the United States Seeei
Corporation. ooA ..ros
was NOT only the largest with one eNCSp-
ton for the current movement. but was
even more noteworthy for the enormous
proportions OF iudustrials dealt m tha1
rroup as q whole completely ccllpsinG
the rails. coppcrs and other issues III
which speculation recently was most ac-
tive. ,-
rising 10 1908. a new record. on SAFES
Of about $4,000 shares. Other iron ana
steel shares couspicuous for thGlr
strength and activity included kepuoItc
Iron and Steel IT the new record OF So.
Gains Of to 5 points were scored ny
Colorado Fuel. American Car. Sr9cio,e'
Iackawanne and Sloss-Shettield Stes.S'
CAS-, Iron Pipe. Railway tSeel Springs.
Pressed steel Car. New York Air braks
and American and Baldwin locomotives.
Rails were backward. but GlSpiaEfu -
strong upocrtonc. Many war and semI-
war issues benefited by the rise In III,
,ustria!s. together With petroleums a''a
sugars.
Closing Stock LeGeer.
(Ey private wire TO tln,,lllH i"N N.tn
ment Association from Harris. " IL"
'h SET : York. Sept. cs-rherc was
rreat activity in the market again 70
day. with the strength largely IN .ms
tinted States Steel gained very, l't;ie
over Yesterdays closing. Anaconda ~
SEPARATION and the Coppers barely h;lo
their own. The same was true eL tue
rails. We feel that speculao" GONG
into such stocks az were TAKEN up 20,
day Is to say the least unheaitnS S n1a
most likely will prove. IN untaSoraole
DEVELOPMENT before il ends. .,,-
Stocks or known earning power WIN
merit are being disposed OF to take
on the noorer class as we see II. con.
seauently We reiterate our adrlces o.
the past few days-namelE 10 take pro-
fits on the advances.
Large buying orders are rsPorIeo "
be under Anaconda current prices To-
ward a5. They are said 20 include sup
porting orders from poor Interests VIII.
have not liquidated any great amour,
o: holdings accumulated below w atle
expect TO Sc" the stock MAINTAIN pttoe
we'll above 1GQ.
The conservative management OF fhe
Ral,imore and Ohto-ls attracting invest
mnnt buying Of thn stock. Large SUITS
have horn going and still are being put
into tho property lately. Baltimore q
Ohio cur~cn; earnings are cStapllSheo
at near II prr cent.
NShilc Il larc" part nf the advance IN
IT.. shares ni Republic Iron and steer
Company may b. attributed TO- pool
operations sill there has been heavy
ruhiic buying ~ remarkable showing
COMPANY has herr making. Reports
have been current ;hni Republic iron
and Steel has h"cn making At rate OF
moro than 81" Il $har" annually tor us
common. !, would not be surprising II
surplus after r.Suiar preferred diri-
dend rhar...s was at rate ot between
S6n and SO share on common stock
L; has hran estimated United states
Stool IS rlakiuc II rstr Of approximate
" sixty dollars share for me COM
r,nn so ,i.t trruhlic IS probably max
Ing . hc,tsr showing for ITS common
than i;s big competitor. It can b" sad
that Republic IN second quarter OF the
current year carved more for Its COM
mon stock than United States Corpn