Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-09-27
FINANCIAL BRIEFS

The average price of twenty active
industrial stocks advanced 1.36 per
cent yesterday to 1886. while twenty
railroads advanced 0.44 per cent to
1860.
In discussing the copper situation.
walker copper letter this week states:
The outlook, as Il whole, is more reas-
suring than it has been for some time
past. Evidence is beginning to appear
which seems to prove that the next big
buying movement is near at hand. In
deed, there is every basis for confidence
that copper will be very strong at higher
prices before the present year ends. 1t
is altogether improbable that copper
will sell any lower in the immediate
future, and there are scores of reasons
FOR assurance that within few months
1t will command a much higher price" "
Advices received by the officers of ono
of the larger sugar companies were to
the effect that government control will
cease this year.
The Great Atlantic and Pacific Tea
Company, Inc, which operates the larg-
est chain store system in the caintry,
reports sales from January to August
" W 'pCAJ,--'ND ,z,bU, rOlnDnrnu
with ST .310,O2 in the corresponding
period last year, which was an increase
of almost $4,000. 900. or more than %
per cent.
Alien property custodian announces
the sale on September 20 of eight Now
York Coffee Exchange memberships
Inc last sale of such membership was
$4,000 and the highest recent price for
one was $4,000.
The Domestic Engineering Companv.
builders of Delco Light farm lighting
systems. and other electrical equipment,
has been merged with the General Mo
tors Corporation. according to an an
nouncement made yesterday by w. G..
Durant, president of General Motors,
and e. A. Deeds, president of the Do
nestle Engineering Company. The bust
ness will be conducted under the present
management as a branch of General
Motors.
The annual report of the Vacuum oil
Company for the year ended December
81, 1918, shows net profits for the year
of S4.9l1 sol, or the equivalent of
S32.6 81 n. share on tho outstanding cap
ital stock. In the report of the preced-
ing year the net profits amounted to
S9, ,324 ,306, or S62.1 a share.
According to many who are thor
oughly Informed about much of the
various matters which occupied Wall
streets attention yesterday the market
has started in on a new bullish demon
stration which will be far different in
its action and in the objective points
reached them Wal street has eyer
before known. The crossing of previous
high records by several stocks yestcr-
day was asserted to be only the fore
of the movements that are
yet to come, and in some cases objective
points were named in different stocks
which would seem ridiculously eXtrava-
CANT if repeated in print.
Notwithstanding assertions in some
quarters that farm commodities have OF
late dropped to a point probably below
the real cost of production, the down
ward slide of the corn market has made
further progress this week. Corn prices
from &c bushel. compared with
a week ago. Oats were unchanged to
Mc lower. In provisions the differences
ranged from $l.50 decline to $1.22 ad-
vance.
Application has been made to the
stock exchange to list the following Sc
curities: Allied Packers, Inc, tempor-
airy certificates for 450, 900 shares with
out nominal or par value. Vivaudou,
Inc, 100000 shares of capital stock,
temporary certificates without nominal
or par value and Middle States Oil Cor
poration $S,000,0O0 capital stock.
The crop report Of the American Steel
and Wire Company, September 27, will
say: Germ harvest progressing rapid
ly. Tobacco, much of this crop is har-
vested aud some of it is being sold.
Potatoes in the eastern states are yield
ing better than expected. Recent rains
have improved soil. conditions for fall
plowing and seeding, The South will
make good crop Of sweet potatoes"
The New York subtreasury lost
SOC. 900 60 the banks yesterday.