The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-10-19
STOCKS AND BONDS.


! Railrond stocks are evidently in the
strongest hands. Investigations 10 not
{ show that brokerage houses are carrying
any large amount on margin. 1nc llon:
ing supply OF the better grade is nluCn
smaller thnn for Il long time ana theE
arr IN a good position 10 respond 10 new
buying for investment or speculation.
Marine common and preferred stocks
continue TO be recon- mrnded in specula-
tive channels that have long been bulilSh
on them and which seem 10 think recent
accumulation Will not come out upon
the market until after the deal Is an
nnunccd by tho company.
/ Anaconda is reported from lntcrna-
tipnal financial circles 10 be rcaccuthu
lated for foreign interests which sulu
out several y"arS aga. Inc hnltihS SUI
Ply Of th" stock Is materially snlal'It
that il wpS q few. months ago by reason
rf steady absorption by this ana oomeS-
Eiir investment. according TO our reports
Higher prices are being forcshadowed
in anticipation of better copper metal
prices. Anaconda is believed IN con-
scrrative quarters 10 be the best prop",
sition in the group because OF gencral
strong financial position. spleildia phys
ical condition. hieh-'laSs management;
Increasing equities and big active anu
potential assets Anaconda is the worlds
largest producer ri copper. ana IS also
producing gold. silver, zinc and magan-
Csc operating smclterS and renncr!cS
and manufacturing copper wlre m.la
rods ii is also mining for its own use
and selling considerable tonnage Oh
coal and is cutting. finishing and mar
kcttng large footage Of lumber.
y continuation OF the tcndcncies Of
thu last few days is expected. The pub
IL: is now convinced that the purchase
Of peace stocks is the wise course. oner-
ings are light. On reactions we believe
standard issues. not war STOCKS. Shoula
be bought. Higher prices are indicated
for Anaconda. Ctah. American Smelling.
Southern Pacific. New Haven and South
"rn Railway. Pool channels are oulI!ng
American Sugar. Observation-Disclosures. flr-
ginia Car, Chemical. Chino, American
AGRICULTURAL and Marines.
New York News bureau: Reported
from Washington that general form or
cortruc; by which government Will IN
! measure. take over short-llne railroads
has been virtually agreed upon.
Gross earnings Canadian Pacific sec
| end week Of October. 1884. 900. an in
rlrase Of Slal.o00 over same week last
year.
The stock market prospect was con-
fusing to ordinary traders. according TO
gossip after the close
impression prevailed that. Thursdays
which large holders could sell TO scat
tered buyers.
Some important interests are concen-
trating market operations in good old
fashioned stocks that were sale 70 trade
III before the var, including high-pr!ced
dividend paying rails, popular low-prlced
rails anu seasoned induStrals like Gem
eral Electric. United States Steel COM
mon and Anaconda.
Southern Pacific. Southern galway
and Erie issues favored, and IoE-prlccd
oils. including Pierce.
Financial News Bulletin says: There
has been n good deal orSSclltng OF sccuri-
a. he IsYf ~ "a
Fourth Liberty Loan. This fact has LED
TO comment in conservative quarters 10
the point that the ahsorpt!rc power or
the standard list is wonderful. under
the circumstances. and bespokens con-
linucd bulliSh activity.
Dutch interests are reported to De re-
placing low-priced rails. especially
Southern Railway common. II is stated
taken. particularly Missouri PaciNc ana
Frisco. This foreign reinvHstment Is
expected Ia continue for neutral ac-
counts.
Mexican news is declared privately to
he Improving almost daily with the
spectacle Of Germany downfall and the
rise OF The United states I" Il premier
military position. The hated Gringn may
mutrr If Mexican enterprises. accord
ing Ia penplr who har" lately nceh IN
the southern republic. American Smelt-
iug. MEXICAN Petroleum and Green Can
ANA n:c expected Turth"r u FtA'S' s'''>
b. ttrrmrnt.
The short covering operation in, st.
Paul ~ reported 10 huv" been largely
completed. ard tho stock Is now Without |
4 short interest 81 large proportions
Euyinr in IN" last few days has m
cludrd som" British absorption ana re-
placement by Rnrkrfolicr following. &c
curing u current gossip.
|. Is expected III conservative quar-
tiers that n read jusim"nt Of CONSIDERABLE"
PROPORTIONS will be inevitable after the
Fourth Liberty Loan ciSnpat%n. Easier
money is likely 10 make It smoother than
might otherwise b. expected but re-
sources have b.cn strained. and conflict
inr elements are suggested as likely 20
cause Il good deal Of realizing rs result
OF the reaching OF advanced levels.