Salt Lake Tribune | 1916-06-29 | Page 18 | Trading Still Apathetic on the New York Board

TRADING STILL APATHETIC ON THE NEWT(M BOARD Ground Recovered at Tuesday's Session Is Lost and Still Further Decreases Are Registered All Along Line. j NEW YORK. June 28 Much of the ground recovered yesterday from-Monday's weak market was surrendered to-jday to-jday and in some instances more besides. Trading was apathetic, except for the first hour, when some semblance of activity ac-tivity and firmness was maintained. For the balance of tiie session tiie list sagged slowly to lower levels, prices yielding j more from sheer inertia than actual liquidation. Short covering: affected ral-ilies ral-ilies of 1 to 2 points in some of tiie more I speculative leaders just before the close. The Mexican situation was again the overshadowing feature, private advices received by bunking interests suggesting an early declaration of hostilities. Other developments were encouraging in their implications, but these were Ignored in the apprehension created by the paramount para-mount Issue of the day. Only Issue Affected. Mexican Petroleum was the only issue of its especial class to be seriously affected, af-fected, recording an extreme loss of 4 at 88, making a shrinkage of 17 points in the past fortnight. American Smelting' lost only 2. and Greene Cananea Copper made an actual advance of more than a point. I Motor storks, the prominent industrials :and equipmi-nis, as well as munitions. ; wuli few exiv prions, were 1 to points : lower on comparative!;-. liht offerings. : hut coppers and shipping issues were :inn when not subject to pressure. Railroads Stable. Railroads afforded Die basis of early stability, such issues as Readme and I nion Paciilc showing sunie strength, with an advance of li4 points in New York'. Ontario & We stern on re sump lion of dividend payments, after a lapse of almost three years. This was onset, however, by pnsl ponement of action on the common dividend of Die l'llthnrti, Cincinnati, Chicago St. Louis, Panhandle Pan-handle road, that stock breaking points in Die final dealings. Total sales amounted amount-ed to mr.iioo shares. A further break in marks to 73, a decline de-cline of 3 Vi cents from the middle of the monlh, was the signiiicant feature of the exchange market. Bonds were irregular on nominal dealings. deal-ings. Total sales, par value, agreated 5,280,000. United states bonds were unchanged on call, but sales of coupon 2s and registered regis-tered -Is were made at declines of and 3': per cent, respectively.,