The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1917-01-24

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NEW YORK. Jan. 14-rhe Bethls,
hem steel statement gives the net Cd |
dition 10 the surplus for year 1916 a. |
~, 693,968. This sum. however. In |
ciudes dividends. Deducting dividends
OF $1.060.0o0 on the preferred leaves
balance Of $42.543.s6S applicable to
dividends on the common, or approx
imately $2Ss.30 = share.
Boston il = seller Of q steel and
borrower Of steel.-Houseman.
Grain belt fair to part colony with
rising temperatures tomorrow.
Commission houses are selling
wheat
Cotton-Oferings are larger this
morning, some scattered liquidation
and hedge selling against actual cot
ton.
Stocks-"We would favor purchases
ON reactions especially steel, BRIT and
coppers. J. Woolman & Co.
Babcock says wheat looks better
now and should work up little.
| Marine stocks have a better tone
but do not look for any sustained ad-
vance.
| President Rea Of the Pennsylvania
says the road has not acquired any
stock In the Missouri Pacific and is
not negotiating for any in that COM
pany.
Logan 4 Bryan: The stability of
the spot situation is bringing more
favorable comment and it is more
probable that declines will find a
stronger buying power than that
which has been in evidence recently.
The speculative element in cotton
is bearish. Spots interests are bullish
and buying on the scale down. This
class of buying is not always immedi-
ately effective. the object being to
buy all they want at as low a price
as possible. Therefore for the time
being, the speculative element has
it their own way but with supplies
decreasing rapidly it would seem per-
fectly natural that little later in the
season we will again have bull mar
ket. The man that can buy on the
scale down and has patience will be
amply ewarded.-Ettleson.
The senate today begins debate on
the resolution for discussion of pres
; ident's address next Monday
. The British press is hostile to pres
ident's speech and engages in much
J speculation over meanings of certain
passages.
> Bankers Trust company gets S21,
: 560.513 verdict against Rock Island
being a further step in re-organiza
: ton.
Orders on Bethlehem Steel books
. Jan 1st aggregated about S193. 500. 001
: an increase of 100000 over year
ago. Bethlehem Steel corporation is
to declare 200 per cent dividend in
common stock and gives stock hold
ers the right to subscribe to addition
al 100 per cent at par.
jerks Gwynne: Believe that the
first sign of weakness will result ir
. renewed pressure and another break.
: Thomson & Nckinnon: 1T would
look as though the reaction may ex
tend some further but it's permanen
! CIV is very much in doubt"
Early Liverpool strength was no
: twell maintained. the Liverpool marke
. closing two to ten points lower thar
5 previous session. The Chicago marke
Z after showing considerable weakness
) early, rallied we'll above yesterday
9 close. showing steady undertOn
and responding, no doubt. to new buy
= ing based on the reactionary theory
as we'll as covering by shorts.
II Ware & Leland Favor purchase
corn and oats"
Chaplin: Wheat apparently need
the stimulus of a big export trade I
stimulate outside buying"
III The census report published thl
morning would seem to indicate tina
the final cotton crop will not equa
the governments estimate made i
December. However. this is a ma
ter that cannot be Influential at thi
time. Values from now on will b
based more on the immediate SDOt d.
mand as we'll as preparations for tn
paxt cran hn Aituat ion rnSt