South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-10-28
Market Prospect
BY The Financial Editor.

of 1900 shares We're traded in on
Thursday The closing quotation
was . 80. The company is drilling
an offset TO the famous Signboard
we'll in Powell county. Ky. When
this we'll comes in, the stock is worth
$3.50 per share. We therefore con
clude it represents an excellent pur-
chase. Allen Oil-NominaIly quot
ed at around ga, but not much de-
mand. Federal Oil-The writer
personally inspected part of this
company's holdings last week. This
stock is dirt cheap at 50 "a per
share. Glen RocI: Oil-Appears TO
have resumed it's advance. Closed
at SIG 3-S. Merritt Oil-This issue
suddenly awoke from it's recent
letharsic state and advanced TO
$33 is, its closing price We look
for much higher figures. North
west Oil-COntinues 10 he subject
to manipulation. Closed at 90
cents. Boston & yoming-Closed
az 35 cents, from which figure il
might advance. Barnett Oil & Gas
Closed at 81 SIS We believe II a
sood purchase. oklahoma Produc-
ing & Refining and Usage Hominy
Both these issues closed at 81 rs.
! We have repea eddy pointed them
out as being the best of the oil buys
on the curb, but so far we must ad-
NIT we have not hit it very we'll:
nevertheless. the cash position OF
the two companies and Their
splendid production makes them
look like gifts at these prices se-
quOyah Oil-There are all kinds OF
rumors flying about. If it hits 81,
forces dealt the German line another
we advise sale.
Miscellaneous Curb Securities
Aetna EXpIosives-Closed at So Is
We think it too high. Big Ledge
Copper-As recommended by Us In
our last letter, it is now back TO
81 SIS. We do not believe ii to be
worth more than so cents per share
CalcdOnia-Ciosed at 81 cents This
is an eXCellen, Duy. Calumet K Je-
rome-Closed at S 9-16. Should be
bought. Car Light a Power-ClOs-
ed at 50 rs. Sell it. Curtiss Aero
plane-Closed at $34. This stock
looks higher. Emma Consolidated
Closed at SIS. We believe il VAL
move higher. Hecla Mining-Clos-
ed at So. should be bought Je-
rome Verde-Closed at ST. This is
still too high. Lake Torpedo Boat
Closed at $4 Ia This stock is in
trinsically worth more money. Sill
yer King COns.-Shares in this Utah
lead-silver issue can be bought for
around at SIS ga. IL is an excellent
purchase at these figures. Subma-
rine BOat-Closed at SIS. If the
company has any luck with their
destroyer contract. they should
make some money The stock looks
attractive at these figures. Trian-
gle Film-Closed at rs Sell IT.
United MotOrs-Closed at S221-2.
May rally TO around S24. then sell.
Wright Martin Aircrafe-Col. .GOe-
thals has not said much since he
was made head OF the company and
a rally from present prices may be
looked for. The stock closed at
IS 3-4.
Pres't Z. w. Harrison o. the super
Tor steel corporation. who was in
New York Monday attending the
regular meeting OF the board OF d.
rectors commented on the present
status Of the company as follows:
The Superior steel corporation has
been extremely careful, particularly
in recent months, not 10 oVer-reach
itself, and has built up a very strOn.
cash position. IL has already made
provision 10 take care OF all esti-
mated war profits and income taxes,
and its position is such that work
ing capital will be ample for ell
purposes after making due allow
ance for depreciation. and dividends
on both preferred and common is
sues. He believes the per cent
rate being paid on the latter 10 be
conservative in view of the large
earnings and strong position or the
company. The company has no ma
turing obligations either in the form
OF notes or bank loans. and no e.
nancing operations of any sort viii
he necessary. Inasmuch as the
company has a contract running
for eight years 10 come for all the
coal il needs at very favorable
price. and owns its own coal cars in
which the supply Is hauled a dis
lance OF only 16 miles from the
mines, there is little likelihood OF
any trouble Of this score. either on
account OF price or difficulty in Sc
curing delivery