The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-03-23

Of the United States and second the
very much possible peace or revolution
in Germany. If either Of these should
happen would not care to be long
grain.
Lamson Bros.-The general situa-
ton points to higher prices.
Wegner-The suggestion Of u. s.
war costs may be met by requisition
for all incomes above 100000 is an
other sign that absurd bullish grain,
views should be avoided.
Block Maloney-All dips should be
met by purchases.
Thomson McKinnon-There are in
dications of better feeling in the mar
ket.
Weather Map.
Canadian northwest-6 to rs above,
cloudy
Northwest-2o to 80 above, cloudy.
West-22 to 81 above, CLOUDY. rain
ing all over.
Southwest-2s to GA above, cloudy.
Kansas City 1.04; Springfield, Mo-, OF,
Wichita, .16; Oklahoma City, 40.
Ohio Valley-56 to 81 above, cloudy.
Burdett, Kans., Seventy-five per
cent of winter wheat growing killed.
Sun.
New York-Bullish in high circles
in the financial district not only based
on the great earning power of our cor
porations, but upon the information
which has come to them of the plans
of the administration regarding the
part this country will play in the
European war, assuming an actual
declaration of hostilities in made. The
street holds the theory that we are
actually in a state Of war with Ger
many. Banking interests are not in
favor of a weak stock market at this
over the general outlook and see no
reason for uneasiness because of war
prospects, but they are not making
plans to ncourage wild speculation in
securities, although they are talking
gradual appreciation in market val
ues. Sun
Stocks.
New York-The general list seems
to us to be developing into trading
affair temporarily at the advanced
levels. On weakness the steels, copp-
ers, shipping shares and standard
rails will offer good buying opportun-
ity. according to our information, in
Guiding United States steel, GIL,
GNO., Lack, NYC., st. Paul, Pressed
Steel. Reading and Cent. Leather.
Specialties are expected to be taken in
hand and advanced alone. Kennecott
Copper displaced some firmness in
Yesterdays trading, but made little re-
Spouse to the information that the
company had acquired a controlling
portion of Utah stock. The announce
ment stimulated bullish talk and a
price of so was mentioned as being
more appropriate for the property at
its prevailing level. Be that as it may,
the new lineup of Kennecott, Utah,
Braden and Nevada is imposing. Ken
necott owns about 80 per cent of
Bradens stock, while Utah holds 1,000,-
612 of Nevada's 1,999,457 shares out
standing. These four companies have
a combined annual production capac-
ity of about 445,000,000 pounds, which
is equal to about % per cent Of the
country's total output.
Financial BuIIetin-HeraId,
Chicago-The cash situation with
premiums all markets has
caused a tightening of May wheat
option. It has created a more bullish
feeling among men of the. local trade
and outsiders. 1t has brought more
calls from millers here and in the
east. There is more pressure Of cash
wheat and May wheat is hard to trade
in. Some bulls have turned to July,
buying it on breaks on the theory
that it Is too low compared with May.
The federal government is said to be
in the market for flour, hominy and
other supplies, but nothing definite in
the way Of purchases is announced.
Houses that were the largest sellers
Of corn Wednesday bought corn early
yesterday. On the closing bulge Pat
ten did a little selling. Feeders were
said to be buying corn in Kansas City
fn
ments. The big holdings of May corn
do not come out, nor do arrivals of
cash corn increase.
Herald