Stock Letters
KAHN BROS. & VIRGIN
NEW YORK, Dec. 14.—Instrumental
factors in the markets rising activities
during the morning session were American
Can. Studebaker and Baldwin. These
stocks are closely watched by the specu
lative element and any kind of a move
in them is naturally considered a barom
eter for the whole market. Rails failed
to respond to the general advance due to
selling of Northern Pacific, which lost
about two points on expressed fears of a
dividend reduction. However, these fears
are regarded as groundless in well in
formed quarters and the regular dividend
is predicted. Oil were in slow response
to the advance of 26 cents a barrel in
Pennsylvania crude oil, which is said to
be the forerunner of further advances.
