Salt Lake Herald-Republican | 1918-03-24 | Page 47 | Stock Market is Normal despite War Reports

I STOCK MARKET is NORMAL DESPITE WAR REPORTS Steel Yields a Little Witha With a n Low Lov Mark of 88 88 Being Reached By Wall NEW NEY YORK YORE March 23 Nothing Nothing counted for anything in the tho stock market marlc mar mat lc ket Icet t today except the great t battle racIn raging rag rag- In ing In Franco France and prices held remarkably ably well In view of ot the report that the Germans Ger Get mans had broken through h tho the British line at St. St Quentin A moderate modern to break of at a point or so 80 was seen Bee at th the open Opert- ing of ot the market hut but the tho selling con con- continued eo so that tho the average l decline was wasI I lout about u 2 p points ts I when the tho market marlet closed J I me m hLL prices were m in mua most caS cases 9 the toe lowest of or the da day Steel yielded more moro v than than 2 points I touching a 1 low how of ot 38 33 gH Bethlehem Baldwin ln and Car Foundry were down dOt 2 points and anti did not recover reco II American Locomotive did dill not open until untila a n few lew minutes before the close of or the I session and Its I was a L decline of or 3 4 33 points This caused considerable I excitement among tho the traders who had top OtO loss orders at 63 3 and h higher All Alt 1 these orders immediately became dIce dIce- j tI tive and the stock yielded another half laIC point Railway nall Steel Springs 8 was another an an- other stock to have e a n. wide vido decline the tile initial transaction being 4 points under the tho lie previous pre close close- General Motors and Chevrolet t. t Marine and Atlantic Gulf Gult were wf wak In the railroad list Atchison was as about the tha worst a actor tor with a decline of ot I 3 points Reading lost lot 3 Other railroads rail rall- rallI I roads were stead steady Mexican Petroleum went down more than 2 points The These e declines were only such as ns have ha often otten L been en seen In response to ordinary news and in InI I view w of 01 tho the tremendous Importance Im Im- im- im of ot the tho battle nor In progress pros it might fairly be he heId said Id that stocks tocks were strong toda today Tho Time market held so well wen largely because there are aro almost no stocks stock carried canle on in brokerage offices officer In view of or the action of 01 th market today it was the opinion of ot eter veteran observers ob ob- ob servers er that an any turn lurn for tor the better In the war news would result In a sharp recovery reco of prices Announcement Is hl expected early In the week eel o of the new steel prices and trade circles hear that they will be e lower only In a few items All Wall Valt street Is prepared prepared- to push the Liberty loan to the exclusion of ot everything every every- thing else after atter n next t week and for lor that reason lon eu customers have ha I been ln urged to toi i keep their accounts in stron strong position That ha has helped d to prevent a break In the actual batik bank statement toda today rI reserves reserves re- re I serves showed showell an increase of ot loans an increase of ot and net I d demand nd ml deposits an Increase of ot 15 In Iii tho Ito average e statement reserves showed a decrease of or J loans J a R. decrease o of ot and antI net d demand mand deposits an increase of or NORTH SALT LAKE PRICES NORTH ORTH SALT L. I LAKE E. E March 23 Cattle Cattle Receipts 55 is market stead steady Choice steers S. 00 good gOOl steers fair steers 80 choice cows 8 and hea heavy heifers 50 tall fair to good cows cos and anti heifers helfers O cutters canners OO tat fat bulls bulb bologna bulls COO GOO C veal calves SOO 1000 Sheep Sheer Sheep Receipts none mione good choice grain fed lambs J choice yearling 1300 tat fat at ers 1250 fat tat ewes ettes 1100 Hogs ReceiPt s Hogs Receipts none market market steady Choice smooth fat hogs hos to pounds bulk of ot sales 1675 is pigs piSS inn to l O Si 51 under market