Salt Lake Tribune | 1915-11-14 | Page 19 | Neglect of the Standard Stocks by Speculators

NEGLECT Of THE STANDARD 8T0CK8 BY SPECULATORS War Shares, Automobile Issues and Other High-priced High-priced Specialties Show Strength. NEW YORK. Nor'. 1R. The only die-tlngulrfhliiff die-tlngulrfhliiff fnature of today's dull and perfunctory market was the further strength of apeclaltlea and the continued nexkict of Ihe eundnnl stocks. Mar rtliaren, automohlle Issue and some of the moro obscure but hlKh-prhied Industrials, Indus-trials, Including a few of the tobacco K rou p , recoitl ed r al n a ran gl n ft fro rn two to thirteen point, while railway Investments Invest-ments moved within extremely narrow limits, when quoted at all. Trading had the familiar marks resulting result-ing from a week of Irreifular and uncertain uncer-tain ohuiiKCs. There was a further ah-sientlon ah-sientlon of publlo Interest and ehurt covering cov-ering In Momo of the war shares was reported re-ported by commission house. London on Selling Side. Contrary to Its custom of rerent weekends, week-ends, "London was again active on the selling side. Except for the specialties, however, final prloes were Inconclusive. Total sales aggregated SSu.oOO shares. Sontlment in conservative circles was Inclined to gT&ater caution, for which the resumption of activity In specialties was partly accountable. Trading In some of I those Issues Is being discouraged, even where known merit Is recognved. The I nvwal shares are comma riding more at-i at-i tflntlon, not only hc-cuuae of tho favorable favora-ble conditions tn that Industry, hut for the additions I reafcou mat this claas of stocks Is "out of line," or lower than the balance of the llHt. Local bank made, an actual cash gain of Hhout $12,000,000, loans expanded by $2i.,OfJO,000 and deposit by over $42,000.-O00, $42,000.-O00, with n gain of approximately 3,000,-000 3,000,-000 In ercess reserves. Exchange Markets. Mixed changes were shown by the exchange ex-change markets, JjonrJon easing a trifle I from yeft onlay's belter ratfs, while F'nrls and Merlin were lower, nil on light offerings. It is believed that the French Industrial commission, now in this country coun-try to rnako heavy purchases of various supplies, will soon enter Into negotiations with our bankers for a cre4tt of substantial sub-stantial proportions. Today's bond market was dull and without with-out special feature. Total saJes (par value) amounted to J3.T70.000. United States bonds were unchangefl on call during the week.