The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1917-01-23

hi eurnloaod b. TAI
CLEMENT q. GATES Z CO. =.
no 11smbers Ct New York Cotton Ex- iii /
z. charge and Chicago Board Of Trade =, /
ila Hi Hi MI I
Central League directors meet $50
p. m today"-Bache
Talk on door OF q cut in BRIT divi- /
dend cause Of weakness
Cotton rallied ON big buying by |
New Orieans.-Josephthal
Whenever Steel and Shelters weak i
en- they look most inviting
Ware & Leland: Favor purchases
wheat and corn on good set-oacks-"
Forecast grain belt. generally
cloudy, generally light snow; colder.
The presidents speech seems to
deal in generalities and should not
have affected the market
Ohio Cities Gas declared a regular
quarterly dividend Of 81 per cent and
an extra of half of one per cent on
common.
Half million bushels of oats sold
at Chicago for export to east by all
rail- Commission houses absorbed
wheat on the break
Bartlett F. & Co.: The facts sur
rounding the general grain situation
continue to point to Strengthening
IN general position
Lamson Bros: AS long as foreign
ers are able to maintain present at
ti1ude it is not likely that advances
will occur in wheat market
Sharp advance in hogs in Chi
cago and Liverpool cables gave high
er provision market. every broker
seems to have buying orders.
Steel loaned yesterday at ; per
cent and this morning borrowed at
81. per cent We think this means
large short interest H ". Co.
Hide & Leather preferred meeting
TODAY. d-breaking earnings, but
/ it is unlikely any action will be tax
en- on the dividends as this is not the
| period
| Census report showing cotton gin
ned TO Jan. 18th q, opening today
Compares with 11.l45.aoo last period
| II is expected to show ginning for last
| period about 100000 bales.
Logan and Bryan: Unless foreign
ers take offerings Of cash wheat more
aggressirely. We believe it will be
practically Impossible to prevent fur
Their declines. Look for corn To work
lower.
/ Allied Embassies az Washington.
ifeei the president had a right TO ea-
plain why he favored American par
ticipation in q league for peace bat
that he trespassed upon their affairs
by stating peace terms.
Bethlehem Steel directors at today
meeting are expected 10 authorize ar
stock; $50. 1000, 900 viii be given tc
holders as bonus and sl5.ooe 600 offer
ed to stockholders at par.
Gerard at Berlin asked foreign Office
as TO whether any Americans were
among the prisoners brought into por'
by German prize ship. the Yarrowdale
This has caused selling here by Wal
street and locals and a sharp reac
, ton.
The West Wall Street. New Or
leans and locals sold on New Or
leans weakness and ticket rumors
then it rallied on buying By spot PEG
pie. Very nervous market. Looks a.
, though there was pretty good shor
! interest and il would run on an.
) decisively bullish news.
Cotton-Several southern congress
men are demanding an investigation
: of cotton exchange This Is il
! stereotyped form and put forth e,
cry time the market has a decline
1t may cause some short covering bu
hardly worth serious consideration
II Market likely TO have some uptur
II but don't think advance will hold
II Cotton---It is doubtful from pre-:
| ent ginning if the governments .,
cember estimate will be realized. al
| now OF the opinion that the crop va
over-eSrimated This. however.
I OF no value at present because OF th
sentiment against the market. Perm
nent Improvement will only CON
with change IN sentiment and
buying power more substantial TIA
shore covering Ellison.
American Smeltering and Refinir
directors have approved an issue
3nGuu. 00o series a, first mortgag
year gold bonds to l3e offered in :
change par for par Tor Araer1ca