The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-02-02
FINANCIAL COMMENT


Private wire to the Finance 20.
NEW YORK. Feb. l.-Finahcial News
Bulletin says: Peace Information OF n
more definite character so far as tntor-
antional Teutonlc disturbances are con-
ccruad has caused the withdrawal or or
ferings OF stocks for long and short &C
counts in many leading issues. with Il
rcsul. that replacement OF speculative
and inves tmcnt holdings elevated prices
und may continue 20 do SO. according to
gossip in active market circles.
A short intrcst in United States Steel
common stock. huilt Up upon the theory
that the good news WAS out and tho per
ind Of big extra dividends WAS past, has
encountered aggressive buying Tor &C
counts of important operators who FOR
some time have claimed possession OF
Washington information positively In
dicating the near approach or peace
through Tcutonlc collapse.
1t Is reported In some quarters OF the
street that the "chnnGc-offs" OF L. S.
Steel directors In the last two quarterly
earnings reports have been liberal to
excess and TINT when a final calculation
takes place something like forty or fifty
million dollars ot concealed equities"
may appear.
The freight and fuel crisis are de-
clarcd in we'll informed circles TO have
passed Ships having been provided
Tor, It Is declared that the freight con
Ecstiun Is being rapidly clenrd up
through cmbargons and confidential iN-
dications suggest strongly that coal in
New York will DC sufficient from now
on.
The in;crbnrough interests are reported
to bc planning to 80 into the ship bl'!H-
ing business in order To use Faculties
that may become available" with tn:
CONJUNCTION OF new subway construction
u. S. Smelling is being bought IN
some quarters Of the street on reports
OF very valuable coal finds.
The character OF tho buying Of Read
jnr common Is reported - he tirSt
grade. Investigations state that II :
based s,pon several Important factors.
The first broad feature In this conne"-
ZION seems To be tn" general tendency
toward definite and immediate railroad
relief measures. Next Is the enormous
coal holdings Of the Reading. becoming
more and more valuable on account ~
rho high prices Of fuel. In addition |"
this there is & very emphatic rum"r III
circulation 10 thG effect that an nm
pnrtant transaction. possibly NJ Il *"Er'-
gazing nature muy develop into pon"lilS
for Reading and b. l. O.. IN the near
future Philadelphia is reported tn hc
II large buyer o. Reading. ana on" g!
tho stories In circulation makes m"n-
ton OF first national bank hGT!nE also
In we'll informed quarters III" coHi"r
stocks are being preferred by investors
In rails.
Further accumulation Of peace lnd'cA :
tinns hy way of rcutnuiC international
troubles IS likely 10 expand new buying
which mad" It's appearance" upon sen
st;iui,:l rumora and Washington "pin-
ions in This connection. frnf"SSloaIs
have n"rn badly twisted. having gone
short rather extensively an the theory
that heavy realizing would follow the
publication OF good news Evidrn nee 81
good buying is reported III Union faci-
tic Southern rHc!fr southern Railway.
preferred. - & o. Missouri Paciiic.N"w
York Central and Reading. Tn" font
ju. supply If American car Il Foundry
Railway S:.'I Springs. Pressed steel
Car. American L"Con"tIV" and Gald~ui