The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-04-26


the long account. Generally. the market
can De termed as frm. with an increase
was lacking. An answer to our demands
~. however. due at any time. II is
hardly likely II will De to our entire
abstraction and further exchange OF
notes Will probably result before a mai
decision - reached. which may mean
many ups and downs 10 the market. For
these reasons, We feel that IL Is prob
ably wise to take advantage OF sharp
adv dnces TO sell on
HARRIS WINTHROP * &C.
"
L. 6. Steel preferred dividend Is pay
able May %; books close May list, re
open May L.. Common dividend pay
able June 20 books close June l. re-
open June H.
Southern Pacific net for nine months
indicates that Co. will close its year on
tune SVth. with a surplus OF between
1915 Company earned 7.20 y. {. Kline
months net of the Southern Pacfnc sys-
tenn was &s5,5s2.S05. an Increase OF S.
51s.40o. Continuance OF this rate OF IN
crease for the hnal three months OF thu
EAR without any important changes In
ether income or nNed charges would
mean about $1,000. 600. or four u. G.
more for stock this year than in 1915.
steel companies are making arrange
ments TO let equipment companies pro-
cure steel with which to MI their or
aHrs and n THIS l. done, II VIII probably
allow roads To place number OF orders
Tor cars and engines which have been
held up on account OF tho dearth OF
steel and the high prices.
Financial News Bulletin says: The
stock market. having been thoroughly
cl"antd out so Tar as weak accounts are
concerned. ~ now in a position to with
stand "A shock better than at any timo
IN six months says Well informed
source.
some extensive holdings OF American
Smelling have been disIOdged from spe-
culative hands IN the past few days, ac-
cordlng TO market gossip. which inti-
mates that this stock has gone into Gug-
nues OF this company. estimated TO be "a.
the rate OF 20 per cent. oa the common
from united states territory, and tho
selling OF the shares has been IN many
cases under misrepresentation.
Although General Leather directors
have not officially 50 declared Central
Leather common Is to be put on a regu-
dividend Of one per cent was declared in
last part Of March this year.
Atchison March gross increase 81
'ao,leg. Net alter tax increase ell
yss. SS8. Nine months gross increase
slo,S5i,2sS, net after Lax increase S4.-
Financing OF tho new $40 100000 in
handled by prominent New York bank
inE houses The bankers will make an
/ 81
which plans 10 sell S16.OOO.OO0 OF the
N&n.nUNuVU authorized. Sinclair OIL and
X, inning company has S5O,uou,OUO capital
stuth- II was organized by Harry f..
sinclair and ossoCiatc- and VIII COMBINE
several well known ludc pendent prorr,,-
ms and refining companies ia the Mid
Continent Held II Is said - h. Shaffer
cont trolling the Consumers Refining COM
pany received Sl1.O0O.UJO ior his oil
holdings g. \. Bralcy. mead OF Chan
ute Refining company a. said 20 have re-
! SelHcd more than Sl,g9u0Oo. John r.
hellsy. or the Kelley Milling company.
consumers and Chanute Companies Il
| is said the Sinclair Company Will take
over several more concerns.
I Nidvale Steel and Ordnance COMPANY
has made It's initial shipment OF rifles
/ ON It's Ab0,OVV.yuO contract with British
government. First shipment are not
/ large, but viii increase IN volume from
| DAY TO- day. Rifles have undCrgou.
thorough tests on part Of British cx-
Working ca1itaI or NEdvale and Us sun
I 1915. ToCSy II Is probably between
/ Si0.OO0O00 md $50 900. n is esti-
mated the Cambria steel alone viii
year and with Midvalc's initial shipment
I OF rifles 10 g. assumed that earnings out
3 side or Cambria steel will reach most
I optimistic estimates.
Sinclair OF ana Refining company con-
tracted 10 sell &l6.uUo,uUO nrst lien 10
7 year convertible 8 per cent siukirr fund
gold bonds 20 r. syndicate composed OF
hlnnicuit ana Company. =. and Is ~elig-
man ana Company. Whit. Weld and
company. montgomery tIOthItr and
Tyler and Spencer Trash ana company.
Properties on which these bonds are a
first mortgage are reported To- have "A
value IN excess Of 100000 900 and esti-
mated earnings for ensuing year are
placed AZ Slu.O0O.Onu. Company Will
have an authorized capitalization OF IT,
| gg0.po9 shares OF no pnr value 81 which
500 600 shares are now issued.
| Very little credeuce Is given fo a rec
port that O.. 5. Steel proposes tp .,-flh-
ltsh q dividend reserve fuud=thaf I. re-
fund out ~ which dividends can 700 paid
on common In lean years. II has boon
policy or the company TO conserve IFS
| cash in such a way that DO can boo ufII-
ized for any emergency that might de-
velOp.
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