The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-09-14


HARRIS. WINTHROP e. co.
Ncw York News Bureau: Declines or
"Wednesday. said IN br due I" general
Gu ling of loans. money pool loaned @"1.-
600. 900 on exchange moor.
Reference also made TO DECREASING
earnings or certain spccialtics recently
reports as having rrotiIr equal to par.
TIL. standard ISSUES purchased conf
IDENTIFY Ivy Important interests. Those
include United States Steel common.
Hcadins. ST. Paul and Union Pacifc.
Though stocks AZ current Levels ar"
regarded as fairly snfe- no hull ram
paign is expected until the general SIT
uatiun changes.
American Can spoken Of a. likely "a
have upturn in near future. based On
dividend prospects.
Attention is being directed to the
point that tho Washington claim that
Its war financing plan contcmpiatsS one
third taxation and twu-thrdS bond Is
sues Ia erroneous. for tn" reason that
no Of tho total OF S"4 .nnn. rDn.n0h about
Sc. 0oo. o00. 900 will hN lent t" our allies.
who will pay interest higher thnn that
OF Liberty loans and who will repay
the principal 10 future generations.
Therefore. six from twenty-f"ur leaves
$4,000. ono. ono for bond issues and !S.-
900. 0o0. 900 for taxation. "r almost s."
per cent 10 be paid by taxation. which
is deemed unfair.
Speculative accounts ar" coming out
in New Haven Gossip refers In a bob
tail pool compelled to hquldat". No
stock il coming frIIn tho big interests
which have been buying. according 10
our reports. But there may Il" add
tional Spccula live offerings. On de-
ctinaS the buying Is expected I" hr bet
ter than the selling.
Dow Jones say. PrTort OF 'h~ Srr-
ciai COMMITTEES "f tn" National ASs"-
c,atinn Of owners "F Railroad Srcuri-
ties adopted by = lArE" committees ar
20 members Wednesday, rrciteS that al
though there has bern secured many
IN TIN form nf federal
railroad contracts. The latter i'll certain
respects Is still unsatisfactory and Hn-
acceptable tn" resolution which was
adnrtcd and which states tn" security
owners position is in part "a follows:
In order that there may tT no possible
disturbance Of credit or in plans or
government resulting Prom, differences
that have arisen on questions OF Ia"
as outlined in tho report Of special
com mittccS are hereby rrouestcd
through counsel to make to IN" director
general n proposal on lines Of said re-
port for cooperation i~ securing an
ad jud ication upnn questions Mt isS7ic ana
To- offer meantime that contract III It's
present form hr .cS"cutcd hr carriers
other than carrier with respect %. which
such adjudication is ~ he asked. and In
further offer that II drrisi"h is adverse
tu security holders controversy ~
d"ernrt ended. provided that If and |"
the extent and upon p0i1! hr points that
decision is adverse +" government all
contracts made with roads shall nc
amended to conform To decision,
Dow Jones says: Market rallied IN
tho carly afternoon under the leader
ship Of sprrialtirs which had h"en
hammered during tho morning. QUICK
rrcovcrira suggested short covering
Old line Investment stocks did not hG-
,lre at nil m the liquidation movement
Humiliation WAS f"rrcd only in issues
which w"r" At we'll dis;rii'ul"d Atch-
ismn actually advanced. while ln1ust-
trial Sp"cialti"S sold on.
Financial News HGilrtin: The artion
RI the stock market N IN" fac" Of the
new from abroad ~ h''h N prominent
stock exchange circles Ia aTniy DEM
nnstrat" The control "f :hC :::"n"y conn
ruii;rr when We all f"rl NOR" lIh"
RI" Fourth "f Lu,y than Friday. Inc
thirteenth" USING til" ""rnS - !" well
known member 0r 'hn "N' har&".
foundation IS l".!nr wT'niit"d I" r'iN
- course In ahditIun In that ih"T.
are rr9srns FOR believing that liUuidh-
ton 5 hong forced IN pool channels
because Of tho money communities" rep
r"srn;a;iUna ana tn" drsirahility OF sub
sti,utInE Investment for sr"rulat lon III
anticIpalinn Of tho fourth Liberty lonn
rotation beginning September ~.
1t is expected IN l"nr circles that fur-
.hcr liulidariun will b" s""T IN oil and
.u,Iiprn"nt storks. but suggestions 7F"
made that they IL" bought ON BREAKS
and during weakness taken on scale
dawn rSp.".ially Tia. ''I;iIrin"Ht ISSUES
which arc said =" b" gong steadily
into strong ha"iS.
Foreign buying If Liberty honhs Is
increasing inV.'StlgHi 'nnS SuEE"S
neutral nc.umulalinn: especially Evil
tlrntr to haInI suggests that ~" rrin'l-
nal SIiInulniinn TO- additional ahS"Tp-
tiuu is tho American 1rIr'. forward -
ward Metz f"Ii"Niur "th"r su"r"sSfui
uffrnSIv"S by tn" French and RriiiSh