The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-07-15
GENERAL LIST IN
ANOTHER DECLINE
Almost AL of the So-Caned War Stocks
Struck Another Low Level
Harris. Winthrop & Co. to Fidelity In
yestment ASsociutiOn,)

tHarris. Winthrop & Co. to Fidelity In
vestment Association.)
NEW YORK. July 1.-THE general
list mad another decline today almost al
OF the SO-Called war stocks struck low
levels and there WAS apparently heavy
realizing III the standard issues early
but toward the end of the session q
change in sentiment prevailed prices
rallyIug sharply and closing strong
The new French loan was expected 10
be we'll received 1t is we'll collatcrnlled
and should go well and quickly. which
Will likely lessen the tension On the
money market.
Tho decline in the market has been sc
great and so general that 1t seems TO US
that liquidation has well run It's course
We expect TO see better prices.
HARRIS, WINTHROP s. co.
There Is continual selling OF United
States Rubber and Goodrich on rumors
that the British government has ordered
shipments Of rubber discontinued tc
SOME American Importers because they
have permitted re-eNport 10 Germany.
Prominent bankers are privately quot
cd by responsible quarters as now cN'
for the United States due in large part
10 the conservatism OF the financial IN
ierests Of this country.
Inc private ooFTo"the oeH'dI!u - -
luminaLivc. Motors are i'll wide re-
quest. Professional arc still very bear,
ish on them anu largely on account VI
an alleged bad curb market position
rather than for reasons affecting stock
group Is next in demand, while the cop
per rcfiec, a substantial inquiry. there
evidently being conviction among
room operators that u shake out Will
occur in that department sooner or later
W. advance importance taxes
place.
The general list had another decline
today almost all Of the so-callcd war
stocks struck low levels and there was
apparently heavy realizing in the stan,
durd issues early but toward the emu
OF the session q change in sentiment pre-
vailed prices rallylng sharply ana CLOS
ing strong.
Rulnors are current in some quarters
that If the administration cannot induce
railroad employees to forego strike ~
may declare martial law ana operate
trains with the National Guard. some
rumors 20 so far as 10 say that ln's
prospect one Of the reasons why on IN
militia is kept under arms in spite Of
the peaceful Mexican outcome.
There SENS 10 De the strongest kind OF
confidence as TO the market position OF
United States Steel pn-itive predictions
are being made in some houses with
r,s,arG 10 an extra dividend this month
Extra dividends. however. have hereto
fore failed TO raise priCts-due' We thlih
to the technical status Of the stocks ell
fectcd.
There Is q strange lack Of eSectiye
huviug power in the industrial llSl ~
4 constant report from the poara OF
many prominent stock exchange lnStt
tutlons. This condition is responsible
! To 4 large extent for the uncaSlncs
which has been instrumental inducing
news waves Of liquidattons.
+ II is rumored that during the last two
davs several loans each amounting De-
tween ten and fifteen million dollars
hays been called in speculative channels
among stock exchange houses. 1hese
have been All industrial' in most cases
There is evidence OF n considerable
selling of the standard railroad SnareS
from time to time TO protect nolalhss
which have narrow market ana nrcaF
! RAPIDLY when pressed for SAFE. very htlis
| foreign selling IS reported. Scale uo%t
| huving orders are in tho market rot
! ;,ranEers. trunk lines, coaiers ana Untec
States Steel.
In some quarters Of the stree closely
allied with the professional c!enont 1t is
declared that the professionals arr
chiefly responsible for the starting Of
! the break in the stock market. whlcf
J they believed would not be strongly sup