Salt Lake Herald-Republican | 1919-05-20 | Page 9 | Extra Session Guides Trading in Stock Mart

EXTRA SESSION I GUIDES TRADING IN STOCK MART MAR MARl M MS S t Convening of Congress Congress' II Finance Shil Ship 1 a a pings Popular 3 New ew York May Ilay 1 19 Trading Trading on t i istock stock exchange e today was influenced d to a large lai extent nt by the op openIng of or thin the I extra session of or Con Congress r Hs to which th financial community looks for or early tt r- liar llor and an unusual demand for 8 several sew sev V. V eral of ot the more popular shipping shares Rails Ralls oils and some Rome of the many industrials and unclassified specialties which have figured more or less leas extensively exten In the tho almost ad advance vance of or the past fourteen en weeks also algo participated but h heavy selling probably ably abl for tor profits effected a a. general r re r- r versal vers later Marine common and pr pre pr- American International and representative rep rep- as ns well as minor rails led lcd tho the rl rise e at the opening but the heaviness ness of or Atlantic Gulf Qua General Gendral Toto Molo l and steels encouraged tho the short inter inter- eat cst to engage In a series of or drives driveL The first selling mO em movement Dt centered around American International a arM d Canadian Pacific and equipments b but t was followed follow cd b by a sharp rally In the tho final Inal hour offerings assumed wider dimensions di dl dj- dj mansions embracing United Stat 9 Steel and affiliated d industrials Several of ot the so-called so peace IndustrIals industrials Indus Indus- trials also reacted reacted on pm uncertain trade conditions and leather issues were ad adversely adversely adversely ad- ad affected b by reports that the government go intends to unload its surplus surplus surplus sur sur- I plus supplies There was a counter demonstration in Texas Company and Mexican Petroleum Pe Po- Po- Po I while the rest of or the h active list was sagging the tho market showIng I lt a conru confused and irregular tone at tho the thoI close cioc Sales amounted to I S shares II ares w Monetary conditions were n ed little or nr no time funds being ort offered while call loans ruled at 5 fil per pr cent The bond market was firm low low- grade Ia rails lIs being In demand Changes in domestic and foreign war were sere nominal Total sales gales par value aluc I Old United States bonds unchanged ed on call