Salt Lake Herald-Republican | 1915-06-27 | Page 36 | High Grade Railway Shares in Demand at Advanced Quotations

HIGH GRADE SHARES IN DEMAND AT ADVANCE New w York June 26 Strength 6 Strength 6 In Investment in investment In- In vestment shares and renewed weakness weak weak- vl pegs ness in secondary railway issues Incites and United States Rubber furnished the tIre opposing opposing op OP- op- op posing movements cf d today today's s fairly animated session Buying of oC Reading Heading was the most most Impressive feature transactions trans trains actions in that stock aggregating about 50 shares or 2 25 per cent of ot abut of 3 the who whole e nt at It a n maximum gain points point Except for tor worn time runners rumors which hinted at Important developments developments develop elop ments there was as nothing to account for Readings Reading's s 's rise Other high grade railway shares were In moderate demand at advances advance of oC a 1 point or thereabouts and United States Steel Amalgamated Copper and American Smelting together with a afew afew few tew war specialties also reflected absorption ab absorption ab- ab sorption some of which probably came from the short interest the United States Rubber added 8 3 points to Its recent sharp setback on persistent persistent per per- reports that the tire dividend Is to tobe tobe tobe be cut tf H f not passed Missouri Pacific responded cut to unofficial statements outlining outlining out out- lining the proposed friendly reorganization leorn which is said to lo involve ol o a drastic haton scaling down of or existing issues b bv by selling at 7 7 a a fraction tracton above o its low price o of the tue year ear Rock Hock Island at al ata ala a decline of or 16 IG measured the precarious pre pre- carious state slate of that For the first tune time since early In May In local banks failed to sho show an actual cash gain Reserves tale contra contracted reducing the excess s reserves to alter after having hn stood at above for a week Bonds were Irregular Irregular with lh more mOle sales ales for future or foreign account Total sales par value 2 United States registered declined i J per cent on call can during the week NE SEW XE YORK RANK n. T Sl STATEMENT IE rC r The Tho actual condition condition con con- Non New C York June 26 of or clearing house banks and diton for the week shows hows trust companies or L 1 0 1 im IGl Q av o n nin n T roB TI rv In inai ti-ley ti V U 4 v TU tHe c excess cess of ot legal requirements This Is Isa Isa isa a decrease of o from last week The statement follows Actual condition Loans etc etc 2476 increase 7 Reserve In own vaults of or which is Is specie specie de decrease do- do crease Reserve in te federal eral reserve bank Increase Reserve In other depositaries 28 increase 5 Net et demand deposits increase 32 Net ct time deposits In Increase Increase increase In- In crease Circulation decrease Aggregate reserve Excess reserve decrease 71 4 Summary of state banks and trust companies in Greater New e York not Included in clearing house statement Loans etc 00 Increase Specie decrease v f 15 Lea l tenders increase Total deposits increase Banks Danks cash reserve in vault aul 11 1 Trust companies cash reserve in invault invault vault vaul l I 0 N EY Now New NeW York June 26 Mercantile paper paper pa pa- per 31 33 Rt Sterling sixty day hills 4 de demand domand do- do mand cables I. I 78 0 Mexican dollars 38 Government and railroad bonds stEad steady LI LINSEED SED Duluth Minn Inn June 26 Linseed Linseed Cash 1721 July Jul 17 1721 September 1733 1731