The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-01-24
FINANCIAL OPINION

World says: President says twice as
many Americans will go abroad by June
MS had been planned. aims 10 make
Bakers work test for vote of conf
dence" in congress.
Journal OF Commerce: M farm pro-
ducts to be listed as non-cssentials
More gold comes in from Canada
Nnws ard comment taken from hank
ing and stock exchange circles. Investi-
cations in active market channels sug-
E"sts that speculative sentiment is in
clined 10 emphasize tho Importance OF the
lntcst movement to fix prices upon all
commodities.
Until developments In this connection
become more explicit il Is likely Tint
conspicuous references tn the matter will
Induce profit taking on demonstrations
nf strength.
THE President will have his own way
in the long rum" remarked a prominent
house member. in commenting upon the
"nolsn" Mt Washington. 80 why sir
things up. nothing congress can do will
abridge HIS constitutional right 10 COM
mand the army ard navy" Gossip
around the street shows general dsl!k"
Of tho uusettlcment, which Is Inferred rs
making for more delay.
Important stock exchange interests
say 1t is apparent that Influential inter-
.csts nre disposed Ia accumulate stocks.
Recommendations arc mad" To buy on
declines those issues which would not
he harmed ny sudden peace. and csprc-
tally those that are likely To be benefit
ted by thu ending Of the war.
There is good drnl Of gossip around
III" street suggesting Washington opposI-
ton To certain plans OF the international
Mercantile Marine Co. This Is the
hitch" referred to In rumors. The trad
ing element Of the street has been 80
often whip-sawed by Marine rrcfcrrd,
that It is giving the stock q wide berth.
Floor traders seem To he inclined Ia
look for creeping upward movement in
which the best policy will he Ia buy m
moderate reCrSSiOnS with the intention
Of taking fair profits during subsequent
advances
Tho tendency is III run" in quickly
and TO trade for short turns rs 4 rule.
There is little doubt that Austria has
, all the war IL wants comments Il we'll
known source. but whether Il separate
| peace can BE- brought about lisa YER,
doubtful factor"
Financial News Bulletin says: While
various reasons have been assigned for
rccrssions. it would seem tllat Technique
is sufficient following elimination Of
shortage by The Improvement. Tho trad.
ing uarkct is expected Ia con Time. with
SpccaltIcS active; but best results ar.
likely to he gained by active Investors
who buy IN rcC"S%innS.
Tho railroad list continues In b. dis
criminatcd against: speculative tendon
cicS find greater attraction in indus
trials and mining ISSUES.
Pool channels Cnntinu" 10 reflect bull
ish sentiment with much reference tn
the Western Union. Inquiries that show
loharcnS, sugars. oils and equipments re-
main in the lead III speculative favor.
We think American Smelling and Mexican
Petroleum will Civ" turns Ia those who
buy az, rcarIinuS. l.. s. T:uhhr mid Good
rich are hullcd hy pool channels for
still higher prices.
II now seems 10 br pretty definitely
established That tn" situation within the
central powers and especially Austria. is
acute srd ur II sort likely Il" when least
cyp.rtcd. prrcipitatc 4 state Of affairs
that may lead IT, Il general pcac" rarley.
We incline 10 the view that one should
being "a $izc up The stock market from
III" viewpoint Of what is likely /" hr the
stat. If Things and after The war prob
lens.
For To-day. We look for n continuation
or selling 10y traders aud HS there is no
Incentive for IN" public following II this
limo think The market VIII continue =
trading affair.
The German p"ar" SPEECH to-day may
have Il restraining INFLUENCE We will
have :tn"lhrr poor steel trad" report
from In" Iron Age. Il. & O. petition 4"
iksur stu uuu 400 bonds Will not strength
on dividend outlook. ST. Paul directors
,unrl week from tomorrow and rrpUrt Isl
Tim, the common dividend will h.. omit
ted and they will not pay preferred divi-
dcnd without Washing TOMS approval.
Loans ,.,ndn by tho money ponl Inst fall
rrn maturing and making for II little
marc tension in thr call money situation.
Ron Rryan says: | still HAY" the con-
vicIiun that peace "rrrtur.S are nearer
than most prppl. think. Tho foreign
news speaks for itself.
InSruh:hal Il 90. Sny: We cNrrct me
market IT, continue rs Il trading affair
for the present and feel that advantage
may ~ taken nc rcccYsiuns for pur-
chasas for "A turn
Block. Malnncy (; Co.: When shorts
are eliminated prices are apt I" SIP
back. giving - good trading market.
Strings & Co: There has been good
buving at times Of American Car n
Foundry and of some OF tho locomotive
md either stocks hearing on tho equip
m"it question.
Henry Ciews & Co.: The railroad out
Ionk is confused by uncertainty concern
1nc tho attitude Of congress toward
President Wilson's recent rcc"mmHhda-
lions for government control
Sponnard, Mills & Co.: As Snecuia-
,iv, Investment. VIC regard American