The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-07-19

. (t1arrlS. " inihscp q 10. 10 fQeItly In
provement Association.)
NEW YORK. July Is. - The market
was teatureless almost all day. Late In
the afternoon raid Was made on the
copper stocks, but they rallied near clos
Ing time, so no loss was noticed.
The manner In which the stocks como
= back, leads US 10 believe that prices are
nearing the bottom.
says: Champion Copper Company de-
clared dividend Of $40 share. making
$3.50 since February 81. 1915.
increased $4,000.
Net earnings OF International Mercan-
tile Marine in May amounted to s.: l.
any month. These figures compare with
S5.I26.oo0 for April. previous record fig
ure. There Is thus indicated an increase
for May over April. exceeding .sl.5oo.Oo0.
These amounts include war taxes 10
be paid to Great Britain. Net. after all
owing for war taxes, estimated to av-
erage .1.S0o.oeo month. would be
.5.511.ooo for May. against s$.s26;nOo
for April. In other words. net. after
= war taxes for May. were equal to nearly
the entire net earnings for many pre-
cedlng months before deducting war
taxes.
Washington says: Report that Score,
tary McAdoo Will soon resign TO head
the Federal Reserve Board. vice Charles
S. Hanrin, whose term expires August
l next. is officially stamped as absurd
and foolish"
Denver and Rio Grande, second week
July. increase. s24.5QO.
Balance sheet Of Anglia American OH
Company. as OF December 81. 1912. SHOWS
surplus OF approximately $1o.lI0.60o as
compared with about SS.T $4,000 in 1914:
on basis Of normal exchange rate OF
Sass. Total assets Increased from S-l.-
sS4.o0o to S2I.023.oo0.
Increased rates on grain products and
grain IN carload lots on Nandalla rail-,
road To- seaboard has been suspended
from August II TO February II next.
Banks lost TO sub-treasury. Monday.
ST. Louis q Southwestern. second week
July. increase. s2l.6ao.
Dow Jones SAYS: United States Light
and Heat Corporation is sending letter
to stockholders asking that proxies Tor
annual meeting BE- sent 10 {. l.. Lane.
secretary Of L. s. Light and Heat Cor
poration- Niagara + ans. " L. III liz ~
: tercs:s ~ protective committee recently
organized by King. Farnum & co.
II Is reported IN good authority that
Republic Iron and Steel common STOCK
IS being accumulated uron declines.
There appears 10 b.. an increasing spec
ulatire investment interest in tile indie
pendent steel stocks. which may be
stimulated in connection with hulhSh
activities expected TO be displayed by
United States Steel as the dividend
meeting approaches on the 25th OF this
month.
united. States Industrial Alcohol Is be.
ing recon- n nded in some quarters OF
the street as a purchase on breaks from
present levels by interests having
knowledge Of the facilities the company
IS building up 10 concec. up with Ger
many, after the war is over.
Public utilities COM emission authorized
Issue OF Sf3s9S ono Burlington general
mortgage f1fty-year &c. marurl ng Marsh
/ la5S. Of which .s!h. eaS.SS9 will be
used for reimhGrstng treasury Tor eS-
penditures on improvements.
X NJ Giles estimates average cond:-
ticn OF cotton crop on .iGlX II. as IS per
-7-crrr-- 'rctoaare1 with S6.s. June IS: S1.i
month. ago and rs on July II. 1915.
Average Price Of twelve indust.ials.
2 1870. up lis: twenty active railroads
1854. Up "a.