The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-11-20
Wall Street Items

American Pete Institute estimates
, California crude oil production i'll
October increased $4,000 barrels
daily over September, averaging
Gil, 900 daily. Duns estimates bust
ness failure this week at 457 VS.. 423
n week ago and 438 a year ago. OPP
Yators in Seminole (Okla.) oil field
meet Monday to discuss extension of
pro-rating agreement, which expires
Nov. 25, agreement may not be re-
newed. ]. P. Morgan g. Co. expected
to offer $40 900 city Of Yokohama
Tuesday or Wednesday; City of Ant
werp $15,OOO,OOO loan expected to
be offered soon. Santa Cecilia Sugar
Company in year ending July 81 net
loss 211 900 VS. net loss $4,000 pre-
ceding year.
British miners delegates confer
enc authorizes local mine district
organization to negotiate with own
ers for best terms available. Hud-
son Motors directors meet for divi-
dend at II a. m. Bradstreets says
cooler weather in past week helped
retail trade and industry gener-
ally. Southern cotton mills are re-
ported on full time, while steel trade
shows slightly further recession in
sales and production. Duns' notes
an increased irregularity in reports
from principal trades, but what con-
traction has occurred has been or
derby; does nto expect material price
reductions. President Coolidge says
he and Secretary Mellon are in ac-
cord in tax reduction plan; opposes
repeal Of auto tax at present. Suit
filed in Akron by nine stockholders
of Goodyear Tire and Rubber to re-
cover more than SIS 100000 alleged
to have been wrongfully removed
from assets of company.
New York Central-Buying weak
places now and further two-point
dips should pay traders and certain
ly investors in this splendid rail.
American Locomotive-Failed to
sell yesterday as low as day before
and seems to have turned in the
sarket. Continue very bullish for
s4lle pull
American Can and Corn Products
Seem worth buying on half point
dips for good turns.
Carbide-Remain very bullish for
the long pull and rather expect a
decided advance in near future to
over par.
Stewart Warner-Understan Chi
cago buying is most impressive. Still
selling on about 8 per cent return
basis and think a bargain even yet.
Baldwin-All profits may be pro-
tected again and taken in event Of
any runaway advance. Shorts in
very bad here
PULLMAN CO.-May add to hold
ing on further weakness here and
would not be scared out of this stock
which eventually should do the
equivalent Of 225.
Grain Opinions: Bartlett Fraz-
We do not share in the general bear
ishness prevalent in the trade, par
ticularly after such drastic break.
Jackson Bros.-The market has
weak tone and looks lower.
Clement Curtis-Weather in Ar
S6ullIlc was DSllSI anu was OlS
factor in the wheat market.
Stein Alstrin-Under present con-
ditions prices will probably work still
lower.
Liverpool cotton closed unchanged
to cents lower.
Stocks are getting rather bearish
again. The only good thing about It
is that a good many of the
Hers haven't any stocks of their
own and are selling other peoples
stocks. I think the short interest
was very largely expanded in the
last two sessions. The market is to
Cay just as it has been for some
time-a big professional battle; one
faction ha control for a while and
then the other. 1 wouldn't be at all
surprised to see demand from the
shorts before this short session is
over.