Salt Lake Tribune | 1915-10-03 | Page 17 | Financial Review

peeled and the cost to the borrowers was much higher than expected. Two significant features of the stock market situation were found In the continued con-tinued backwardness of railroad shares and the state of the bond market. International conditions hardly were a market factor, aside from the Interest manifested Jn the new offensive of the allies along the western front of the war area. FINANCIAL REVIEW. Riot Tf Speculation in the War Stocks on Wall Street. NEW YORK. Oct. 2. The not of speculation spec-ulation in war stocks took on a more violent phase this week. Transactions ran in excess of a million and e half shares for each full session, wilh a total of about 8.250.000 for the six days, whll" ssles of bondp. at par vahie approximated approxi-mated I30.000.o00. this latter Hem being exclusive of private transactions. Consenatt'.e counsels were heard aealnit the dangers of each reckless operations oper-ations as featured a very considerable part of the trading, hut the warnings appeared ap-peared to go unheeded. It is significant, however, that lenders of money exercised severe discrimination toward collateral in leans. Actual nn-s had little to do with the movement In . the specialties. Rumors of intended corn. I'tnatlons and of contests for control of certain properties were widely ctreu-. ctreu-. lated. ; Speculation nay stimulated by the ! pcreement o4 the half-hilhon-dollar loan to Great Britain and France, urovision being thus assur'-d for the accommoda 1 tion of our foreign customers. The nmcunt proves to be the minimum ex-